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The Croft, Paynters Lane, Illogan, Cornwall

South West

£200,000

Listed on 11/06/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1194 sqft

Description

This well-sized, two-bedroom detached bungalow provides a solid foundation for those looking to invest in a renovation project. Available exclusively to cash buyers due to its mundic construction, the property presents an opportunity for significant value enhancement through comprehensive updates. Conveniently located close to village amenities — including shops, public houses, and medical services — as well as being within reach of Tehidy Country Park and North Coast beaches, this bungalow is well-placed for local living. Internally, the layout includes a lounge with a bay window offering natural light, a separate dining room, a kitchen and sunroom leading out to the garden, two double bedrooms, and a bathroom. While the home boasts gas central heating and some double glazing, it requires modernization throughout to maximize its appeal. Externally, you'll find ample outdoor space with a front garden accessible via a gated driveway that leads to a detached garage. The back garden is enclosed and features mature plants along with raised beds. This property represents an appealing prospect for those looking for an investment that can be transformed into a comfortable home or rental opportunity.

Investment Analysis

(TR16 area)

Below Market Value

This property is priced -47.8% below area average per sq ft

-47.8%
Potential saving
This Property
£168/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
£421,339
10% above area average per sq ft
Potential ROI
+79.3%
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

The Croft, Paynters Lane, Illogan, Cornwall
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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
£756
Based on a loan of £150,000 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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