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Lower Gurnick Road, Newlyn, TR18

South West

£410,000

Listed on 27/06/2026

Property details

Bedrooms
2
Type
Bungalow
Area
1438 sqft

Description

This link-detached bungalow presents a prime opportunity for renovation enthusiasts. Set in a desirable coastal location, the property boasts stunning views of the sea and an expansive garden ripe for landscaping. The layout includes a welcoming entrance hall that flows into a spacious living room, accompanied by a sizable kitchen/dining area that leads to a conservatory with scenic views of the rear garden. The ground floor features two generous double bedrooms, an office/study space, and a shower room, while the large first-floor room offers versatility with natural light pouring through skylights and panoramic views towards St Michael's Mount. This could easily be transformed into an additional bedroom or creative space, pending necessary permissions. Externally, there is off-road parking provided by a driveway and a garage. A traditional granite outbuilding in the garden holds substantial potential for conversion into a studio or workshop, enhancing the property's appeal further—subject to required consents. While some modernization is needed throughout to bring it up to current standards, this home offers buyers the chance to craft their ideal retreat in a flourishing community known for its vibrant arts scene and local amenities.

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Investment analysis

(TR18 area)

Below Market Value

This property is priced -8.6% below area average per sq ft

-8.6%
Potential saving
This Property
£285/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£493,680
10% above area average per sq ft
Potential ROI
+7.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR18)

Area prices are rising by +4.6% over the last 12 months
3 year growth: +0.2%
5 year growth: +21.6%
Investment Disclaimer: Analysis based on TR18 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

Lower Gurnick Road, Newlyn, TR18
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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
£1,549
Based on a loan of £307,500 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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