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Goonhavern, Truro

South West

£225,000

Listed on 09/07/2026

Property details

Bedrooms
2
Type
Detached Bungalow
Area
776 sqft

Description

This property presents an intriguing redevelopment opportunity in Goonhavern, currently featuring a detached two-bedroom bungalow set on a generous plot of approximately 0.16 acres. The bungalow is constructed of non-standard materials and requires significant renovation, positioning it as a prime candidate for redevelopment into multiple dwellings, pending relevant planning permissions. The existing structure includes a double garage and ample parking space, accommodating up to five cars, along with front and rear gardens. Given its current condition and potential for transformation, this site is ideal for cash buyers or investors looking to capitalize on future development ventures in the area.

Investment analysis

(TR4 area)

Below Market Value

This property is priced -16.6% below area average per sq ft

-16.6%
Potential saving
This Property
£290/sq ft
Area Average
£348/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£296,882
10% above area average per sq ft
Potential ROI
-2.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR4)

Area prices are rising by +4.7% over the last 12 months
3 year growth: -0.3%
5 year growth: +14.7%
Investment Disclaimer: Analysis based on TR4 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

Goonhavern, Truro
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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
£850
Based on a loan of £168,750 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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