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Wheal Rose, Porthleven, Helston TR13

South West

£219,950
Listed on 09/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1171 sqft

Description

This mid-terraced house presents a compelling opportunity for renovation in the charming fishing village of Porthleven. With three bedrooms and thoughtful features such as double glazing and owned solar panels, the property is primed for modernization to unlock its full potential. Upon entering, you are greeted by an entrance porch leading into a spacious lounge that boasts a traditional fireplace, ideal for creating a cozy atmosphere. The ground floor further accommodates a kitchen/diner that opens to the rear garden through patio doors. This space has great potential for an update, allowing for contemporary design elements while retaining its functional charm. The first floor includes three bedrooms, each with unique views—one overlooking the front garden, another offering scenic vistas of the village and countryside, and the third providing additional versatile space. The bathroom features essential fixtures, including an electric shower and partially tiled walls, which could benefit from modern upgrades. Outside, the property has both front and rear gardens. The rear garden features a decked area that is reaching the end of its lifespan but offers scope for redesign or replacement with new outdoor living spaces. Beneath this decking lies a patio that adds further utility to the exterior space. Additionally, an outbuilding at the bottom of the garden comes with electricity and could serve various purposes depending on your vision—be it storage or even a small workshop. Situated in Porthleven—a vibrant hub known for its picturesque harbor and rich community life—the location offers numerous amenities including shops, restaurants, galleries, and local sporting clubs. The village’s allure is enhanced by beautiful coastal walks and a welcoming atmosphere fostered by active community groups. Given its condition and location, this property holds significant renovation potential for investors or those looking to create their ideal home in a sought-after area. A mortgage was historically granted on this residence despite known mining activity in the vicinity; interested parties may find this reassuring as they explore financing options. Overall, with strategic updates and creative flair, this home can be transformed into something truly special amidst one of Cornwall’s most desirable settings.

Investment Analysis

(TR13 area)

Below Market Value

This property is priced -44.7% below area average per sq ft

-44.7%
Potential saving
This Property
£188/sq ft
Area Average
£340/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.3%

Renovation Potential

Est. Renovation Cost
£21,995 - £54,988
10-25% of property value
Target Value
£437,568
10% above area average per sq ft
Potential ROI
+59.2%
After renovation
Monthly Sales
17
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (TR13)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -3.8%
5 year growth: 32.2%
Investment Disclaimer: Analysis based on TR13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Wheal Rose, Porthleven, Helston TR13
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