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Michaelstow, St. Tudy, Bodmin

South West

£150,000Guide Price

Listed on 15/10/2026

The listing

Property details

Bedrooms
2
Type
Detached

Features

  • Garage
  • Garden

Description

This two-bedroom detached period cottage is offered at auction and requires comprehensive renovation. The ground floor has two principal reception rooms, with slate flooring, exposed beams and a substantial stone fireplace. A further adjoining space provides access to the rear, while a traditional timber entrance porch forms the main approach. Upstairs, the accommodation includes a large open room extending across the width of the cottage, with a vaulted ceiling and three windows, alongside a further rear room and bathroom. The layout may offer scope to reconsider the first-floor arrangement, subject to the relevant listed-building and planning consents. The property stands on a plot of approximately 0.17 acres, with most of the garden to the rear. Beside the cottage is a detached Grade II Listed stone outbuilding, historically used as the village forge and retaining its hearth. An attached single garage provides additional storage. Rear access is via a right of access along the neighbouring boundary. The cottage and forge have a documented local history, including use as an inn and blacksmith's forge. The property is Grade II Listed and is being sold by the Modern Method of Auction, with a 56-day reservation period and a buyer information pack fee stated in the auction terms.

WHOTS analysis

Our WHOTS verdict

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

41out of 100
Grade ELow opportunity

Confidence: LOW

This is a characterful but demanding restoration project: traditional stonework, exposed beams, slate floors and a substantial stone fireplace give the cottage a strong starting point, while the large open first-floor room offers scope to rethink the layout, subject to the necessary consents. The rear garden is sizeable and established, and the Grade II Listed former forge—with its historic hearth—makes this a distinctive property rather than a standard cottage renovation.

The 41/100, grade E score reflects weak investability and the scale of the visible works, not a finding that the price is dear: floor area is missing, so value versus local £/sqf cannot yet be judged. The £90,000–£160,000 renovation range points to a substantial project, and the forge roof gaps need specialist assessment with listed status in mind.

Key opportunities

  • Restore and make the cottage’s traditional stonework, exposed beams, slate flooring and substantial fireplace the centrepiece of a character-led home.
  • Explore how to configure the striking open first-floor room, subject to listed-building and planning consents.
  • Bring the historic forge and its large hearth back into the property’s story, alongside the sizeable rear garden and garage.

Key risks

  • Extensive peeling, staining and damaged finishes across several rooms, together with basic kitchen and bathroom fittings, make the £90,000–£160,000 works range a full-gut budget and programme rather than a cosmetic refresh.
  • Visible gaps or daylight at the forge roof require specialist assessment; the main roof condition is not established, and listed status may shape repair options.

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Location

Michaelstow, St. Tudy, Bodmin
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Finance

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Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£567
Based on a loan of £112,500 over 30 years at 4.45% interest

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