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Riviera Lane, St Mawes TR2 - Image 1
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Riviera Lane, St Mawes TR2

South West

£1,650,000
Listed on 17/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This distinguished Edwardian home, set in a prime location within St Mawes, presents a unique opportunity for renovation and investment. Originally constructed around 1908, the property is currently divided into two spacious self-contained apartments, offering immediate rental income potential while also allowing for future enhancements. With a combined internal floor area of approximately 1,599 sq. ft., the layout consists of four bedrooms across both units. The Upper Tresulian features an open-plan kitchen and a spacious living room that opens onto outdoor terraces, while the Lower Tresulian includes a sun lounge and additional living space. Each apartment has enjoyed a successful history as holiday rentals, further underscoring their investment appeal. The property boasts off-road parking—an exceptional feature so close to the waterfront—as well as mature gardens that provide beautiful views across Falmouth Bay. The existing layout can accommodate multi-generational living or serve as dual residences under one roof, which is increasingly appealing given rising care costs. There is lapsed planning permission (PA19/05998) to restore the residence into its original grandeur as a four-to-five-bedroom family home. This proposed plan envisions modernized spaces while retaining the character of this period property, including options for adding garaging or boat storage—ideal for those who wish to embrace coastal leisure activities. Situated just a short stroll from Tavern Beach and the exclusive St Mawes waterfront, this property benefits from an enviable locale surrounded by shops, restaurants, and recreational facilities. The stunning panoramic views encompass the Percuil River and extend to St Anthony National Trust Headland—enhancing not only daily enjoyment but also long-term value. The village of St Mawes itself is well-known for its charming harbor and vibrant community—making it an attractive destination year-round. With ample local amenities available in close proximity, including cafes, galleries, and sailing facilities, this property stands out as both an ideal home base and an excellent investment in one of Cornwall's most sought-after coastal areas.

Investment Analysis

(TR2 area)
Area Average
£383/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TR2)

Area prices are falling by +13.9% over the last 12 months
3 year growth: -3.4%
5 year growth: 2.6%
Investment Disclaimer: Analysis based on TR2 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.

Location

Riviera Lane, St Mawes TR2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£6,044
Based on a loan of £1,237,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE