The Old Airfield, St. Merryn

South West

£495,000

Listed on 02/08/2026

Property details

Bedrooms

N/A

Type

Plot

Description

This property presents a promising investment opportunity with planning consent for the development of seven Live/Work units. The project is divided into two phases, with four units receiving approval on February 26, 2024, and a further three units approved on November 12, 2024. Each unit will feature a workshop area of 110sqm on the ground floor, accompanied by an open plan living space of 127sqm, along with designated off-road parking. The site is conveniently situated just over 1.5 miles from St. Merryn village and adjacent to an established small industrial park, enhancing its accessibility and appeal for potential buyers. While current consents allow for the construction of these seven units, future investors also have the option to propose alternative plans for larger-scale industrial development if desired. Detailed planning documents can be accessed through the Cornwall Council Planning Portal using the specified application numbers. Services such as electricity and water are nearby, making this site ready for development.

Investment analysis

(PL28 area)

Area Average

£519/sq ft

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£300,000 - £500,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

Properties sold annually

Local Market Trend (PL28)

Area prices are falling by -15.0% over the last 12 months

3 year growth: -33.2%

5 year growth: -11.5%

Investment Disclaimer: Analysis based on PL28 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.

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Location

The Old Airfield, St. Merryn

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Mortgage calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments

£1,870

Based on a loan of £371,250 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.