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Lanoweth, Penryn, Cornwall, TR10

South West

£220,000

Listed on 02/06/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
816 sqft

Description

This detached two-bedroom bungalow in the desirable residential neighborhood of Lanoweth, Penryn, offers a promising renovation opportunity. The property requires comprehensive modernization throughout, making it an appealing project for those looking to invest in enhancing a home's potential. The existing layout consists of a sitting room, kitchen, two bedrooms, and a bathroom, all of which can be significantly improved to meet contemporary living standards. Externally, the bungalow features a detached garage and driveway parking, although the steepness of the driveway may limit vehicle access for some. Its elevated position not only provides a pleasant outlook but also adds to the overall attractiveness of the property. Ideal for developers, investors, or individuals wanting to craft their dream home, this bungalow is being sold with no onward chain. Located on the outskirts of historic Penryn, residents will benefit from close proximity to local amenities such as shops and schools while enjoying easy access to beautiful beaches and coastal walks in South Cornwall. This property presents an excellent chance to capitalize on its potential in a sought-after location.

Investment Analysis

(TR10 area)

Below Market Value

This property is priced -23.3% below area average per sq ft

-23.3%
Potential saving
This Property
£270/sq ft
Area Average
£351/sq ft
Avg Rent (weekly)
£408
Avg Yield
6.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£315,417
10% above area average per sq ft
Potential ROI
+16.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TR10)

Area prices are rising by +15.0% over the last 12 months
3 year growth: +6.9%
5 year growth: +21.6%
Investment Disclaimer: Analysis based on TR10 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

Lanoweth, Penryn, Cornwall, TR10
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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
£831
Based on a loan of £165,000 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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