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Tretherras Road, Newquay

South West

£250,000

Listed on 23/06/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
896 sqft

Description

This detached two-bedroom bungalow presents a unique opportunity for investors and renovators seeking a substantial project in a desirable area. Currently constructed from Cornish Unit prefabricated materials, the property is not suitable for traditional mortgage financing, making it a cash-only purchase. Potential buyers should be prepared for extensive redevelopment or potentially complete demolition and rebuilding to maximize the property's value. The site benefits from mains electricity, water, and drainage services already in place. With the right vision, this property could become a modern residence in a sought-after location.

Investment Analysis

(TR7 area)

Below Market Value

This property is priced -21.7% below area average per sq ft

-21.7%
Potential saving
This Property
£279/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £150,000
Target Value
£351,219
10% above area average per sq ft
Potential ROI
-12.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (TR7)

Area prices are falling by -4.1% over the last 12 months
3 year growth: -5.7%
5 year growth: +7.1%
Investment Disclaimer: Analysis based on TR7 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

Tretherras Road, Newquay
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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
£944
Based on a loan of £187,500 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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