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Cooksland Road, Bodmin, Cornwall, PL31

South West

£775,000
Listed on 08/05/2026

Property Details

Bedrooms
5
Type
Detached
Area
1624 sqft

Description

Higher Margate Farm is a distinctive five-bedroom detached farmhouse set within approximately 1.3 acres of landscaped grounds. This property boasts a rich history and an array of characterful features, making it an attractive prospect for renovation and investment. With its period details such as exposed beams and an inglenook fireplace, the farmhouse offers spacious accommodation across two levels, including three versatile reception rooms ideal for family living or entertaining. A conservatory adds to the appeal by providing serene views of the mature gardens. The grounds are a key highlight, featuring well-maintained formal lawns and diverse planting that create a vibrant outdoor environment. Importantly, there is considerable scope for improvement, particularly with the stone barn which currently requires modernization but has been granted permissions for conversion into three holiday lets. This presents an exciting opportunity for generating rental income. The property also includes The Coach House, a well-presented two-bedroom holiday let which has proven to be popular with guests thanks to its comfort and location. The versatility offered by this separate accommodation makes it ideal for additional income or multi-generational living. Overall, Higher Margate Farm combines charm with substantial potential for those looking to invest in a character home with extensive grounds and various outbuildings that could enhance future value.

Investment Analysis

(PL31 area)

Above Market Value

This property is priced +94.3% above area average per sq ft

+94.3%
This Property
£477/sq ft
Area Average
£246/sq ft
Avg Rent (weekly)
£206
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£438,740
10% above area average per sq ft
Potential ROI
-51.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PL31)

Area prices are falling by -8.5% over the last 12 months
3 year growth: -8.0%
5 year growth: +5.8%
Investment Disclaimer: Analysis based on PL31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Cooksland Road, Bodmin, Cornwall, PL31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,765
Based on a loan of £581,250 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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