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Gillan, Manaccan, Helston

South West

£975,000

Listed on 14/09/2026

The listing

Property details

Bedrooms
6
Type
Detached
Area
1704 sqft

Description

This unique waterfront property presents a rare opportunity to acquire two detached residential dwellings set in an idyllic creekside location. With approximately 70 meters of water frontage to Gillan Creek and the benefit of a private quay, this property offers significant renovation or redevelopment potential, subject to necessary planning consents. Nestled within an Area of Outstanding Natural Beauty, the site is accessed via a private driveway and occupies a sheltered position on the southern slopes of Gillan Creek, enjoying a westerly aspect. The grounds extend to approximately three-quarters of an acre, featuring a double garage, ample parking, and sloping gardens that lead down to the creek. Both properties require comprehensive renovation, making them ideal for those looking to create a spectacular single waterside residence or redevelop as two individual homes. Due to the current construction and condition of the properties, traditional lending options may not be available, although alternative specialist lenders might offer financial assistance. The garden and grounds are currently overgrown, with pathways leading down to the private granite quay that provides access to the creek. The first property, Tyller Tythy, is arranged over three floors and features timber construction with part cedar-clad elevations. It includes a store room, utility, kitchen, dining room, living room, study, conservatory, and several bedrooms. The second property, Creek View, is arranged over two floors and is currently divided into two self-contained apartments. This property is situated in a popular area for local and visiting yachtsmen, with easy access to the sailing waters of Falmouth Bay and the Helford River. Viewing is strictly by appointment with the sole selling agent.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

39out of 100
Grade ELow opportunity

Confidence: LOW

This unique waterfront property presents a significant renovation opportunity, boasting two detached dwellings in a stunning creekside location. With approximately 70 meters of water frontage and a private quay, the site has the potential to be transformed into a spectacular single residence or redeveloped as two homes, subject to planning consent. The generous grounds, extending to about ¾ of an acre, provide ample space for creative landscaping and outdoor living enhancements, making it an appealing canvas for a visionary buyer.

However, the asking price of £975,000 translates to £572/sqf, which is considerably above the local average of £349/sqf, making it a dear proposition. The properties require extensive renovation, with the interior and exterior in poor condition. Given the scale of renovation needed, including potential structural work and the clearing of overgrown gardens, this is not a project for the faint-hearted. It’s crucial for prospective buyers to carefully assess their budget and renovation plans, as the extensive work required will demand both time and investment.

Key opportunities

  • Transform two detached dwellings into a stunning single residence or redevelop as two homes, leveraging the scenic waterfront setting.
  • Utilize the sloping gardens and private quay to create a unique outdoor living space that enhances the property's appeal.
  • Reimagine the interior layout of both properties, taking advantage of the ample space to create modern, functional living areas.

Key risks

  • Extensive renovation required, including stripping interiors and clearing overgrown gardens, indicates a full-gut programme rather than a simple refresh.
  • The properties' condition may pose challenges for conventional lending, limiting financing options to specialist lenders.
  • Potential structural issues may arise due to the overall deterioration of the properties, necessitating a thorough inspection before purchase.

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Map

Location

Gillan, Manaccan, Helston
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,683
Based on a loan of £731,250 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.

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