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St. Merryn, Padstow, PL28

South West

£200,000Guide Price

Listed on 03/10/2026

The listing

Property details

Bedrooms
2
Type
Detached

Description

This two-bedroom detached house presents a unique opportunity for renovation and investment, set in a serene rural location on the outskirts of St Merryn. The property boasts far-reaching views over the surrounding countryside and the sea beyond, making it an ideal canvas for modernisation. The ground floor features a lounge/diner and kitchen, while the first floor comprises two double bedrooms and a bathroom. Outside, there are good-sized gardens that require formalisation, along with a garage and parking accessed from a shared driveway at the rear. St Merryn is a charming village offering essential amenities including a nursery/primary school, convenience store, delicatessen, restaurants, and public houses. Located just four miles from seven beautiful beaches and the vibrant shops, cafes, and harbour of Padstow, this property is well-positioned for both relaxation and recreation. The property is offered at auction, providing a great opportunity for those looking to invest in a project that can be tailored to personal tastes.

WHOTS analysis

Our WHOTS verdict

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

46out of 100
Grade ELow opportunity

Confidence: LOW

This two-bedroom detached house in St Merryn presents a substantial renovation project, set in a picturesque rural location with attractive views. While the interiors are notably dated, this offers a blank canvas for someone looking to modernise and enhance the property. The good-sized gardens hold great potential for landscaping, allowing for outdoor improvements that could significantly increase the property's appeal.

However, the project scale is heavy, with significant modernisation required across all areas, including the living spaces, kitchen, and bathroom. The shared utilities may introduce complexities into the renovation process, which is something to consider. The asking price of £200,000 is attractive for such a location, but without calculating the floor area, we can't gauge its value against local averages yet. Be aware that bidding can lead to the final price exceeding the guide, so it's essential to factor in potential costs as you plan your project.

Key opportunities

  • Substantial potential for modernising the dated interiors to create a contemporary living space.
  • Good-sized gardens provide an opportunity for landscaping and outdoor enhancements.
  • Rural location with scenic views enhances the property's appeal and potential resale value.

Key risks

  • Stripped interiors and a £100,000–£150,000 works budget make this a full-gut programme, not a refresh.
  • Significant modernisation required throughout the property could be more complex due to shared utilities.

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Map

Location

St. Merryn, Padstow, PL28
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Finance

Mortgage calculator

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

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£756
Based on a loan of £150,000 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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