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Belhay, Penryn, Cornwall, TR10

South West

£325,000

Listed on 20/07/2026

Property details

Bedrooms
3
Type
Bungalow
Area
1045 sqft

Description

This three-bedroom detached dormer bungalow is situated in a quiet cul-de-sac in the desirable Penryn area, presenting an exceptional renovation opportunity. The property requires comprehensive refurbishment throughout, enabling investors or homeowners to design a modern living space tailored to their needs. Features include a garage, driveway parking, and a substantial garden that currently needs attention but holds significant potential for landscaping and outdoor enjoyment. The interior comprises an entrance porch leading to a hallway with access to various rooms, including ground floor bedrooms and living spaces. The kitchen and bathrooms are in need of full renovation, allowing for customization. Upstairs, there is an additional spacious bedroom that could be enhanced further. Convenient access to local amenities and proximity to Falmouth adds to the property's appeal as an investment.

Investment analysis

(TR10 area)

Below Market Value

This property is priced -9.8% below area average per sq ft

-9.8%
Potential saving
This Property
£311/sq ft
Area Average
£345/sq ft
Avg Rent (weekly)
£366
Avg Yield
5.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£396,405
10% above area average per sq ft
Potential ROI
-2.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TR10)

Area prices are rising by +12.6% over the last 12 months
3 year growth: +5.2%
5 year growth: +19.2%
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

Belhay, 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
£1,228
Based on a loan of £243,750 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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