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The Square, Mawnan Smith, Falmouth TR11

South West

£650,000
Listed on 21/07/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2185 sqft

Description

This detached dormer bungalow, owned by the same family since its construction in 1962, presents an exceptional opportunity for those looking to invest in a property with significant renovation potential. Spanning 2,184 sq ft, the home features four versatile bedrooms and includes a well-proportioned annexe that can serve multiple purposes—ideal for accommodating a dependent relative or offering potential rental income. The thoughtfully laid-out main accommodation comprises three or four bedrooms along with three bathrooms, central entrance hall, spacious kitchen and breakfast room, utility area, adaptable dining room, and a generously sized living room that opens directly onto the rear gardens. The upstairs layout features three bedrooms, including one with an en-suite bathroom. Given its separate access and existing planning consent for use by family members, the annexe offers flexibility; future owners might consider incorporating it into the main living space or exploring options for holiday letting (subject to council approval). Outdoor space is abundant with private front gardens providing off-road parking, while the rear gardens are particularly noteworthy for their privacy and sunny aspect. These areas are well-enclosed and filled with mature planting that adds charm and character to the surroundings. Located in the heart of a desirable village on North Helford Area’s doorstep, residents will find essential amenities such as shops, restaurants, and recreational facilities within easy walking distance. The property is conveniently positioned next to a doctors' surgery and across from a charming thatched public house. Local attractions include scenic riverside walks along the Helford River and renowned sub-tropical gardens at Glendurgan and Trebah. With immediate access to various leisure opportunities in this picturesque part of Cornwall combined with its investment potential through renovation or conversion possibilities, this property offers both comfortable living space and a chance to create something truly unique in an enviable location.

Investment Analysis

(TR11 area)

Below Market Value

This property is priced -26.9% below area average per sq ft

-26.9%
Potential saving
This Property
£297/sq ft
Area Average
£407/sq ft
Avg Rent (weekly)
£353
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£65,000 - £162,500
10-25% of property value
Target Value
£978,104
10% above area average per sq ft
Potential ROI
+20.4%
After renovation
Monthly Sales
33
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (TR11)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 5.3%
5 year growth: 26.5%
Investment Disclaimer: Analysis based on TR11 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

The Square, Mawnan Smith, Falmouth TR11
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