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Lanner

South West

£275,000

Listed on 01/06/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
700 sqft

Description

This spacious two-bedroom detached bungalow offers significant potential for renovation and modernization. Set on a generous plot, the property includes a detached double garage and ample driveway parking, making it an excellent investment opportunity. While the home has been well-maintained in recent years, it is ready for updates to bring it into line with contemporary living standards. The oil-fired central heating system features a recently installed boiler, ensuring warmth during colder months. Inside, the layout includes a comfortable lounge that is spacious enough for both seating and dining arrangements, as well as a kitchen dining area that could benefit from modern fittings. The two double bedrooms are complemented by a family bathroom requiring refurbishment, featuring both a panel bath and separate shower enclosure. The lean-to conservatory adds additional living space but also needs attention. Located on a quiet no-through road in the village of Lanner, this property benefits from nearby local amenities and good transport links to Redruth and Falmouth. The surrounding gardens provide a calm retreat with lawned areas and mature shrubs ideal for outdoor enjoyment or entertaining guests. This freehold property represents an exciting chance to create your ideal home while enhancing its value in a desirable South West location.

Investment Analysis

(TR16 area)

Above Market Value

This property is priced +22.5% above area average per sq ft

+22.5%
This Property
£393/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£268
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£247,016
10% above area average per sq ft
Potential ROI
-20.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR16)

Area prices are falling by -2.7% over the last 12 months
3 year growth: -6.4%
5 year growth: +15.6%
Investment Disclaimer: Analysis based on TR16 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

Lanner
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,039
Based on a loan of £206,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

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