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Luxon Drive, Newquay TR7

South West

£250,000
Listed on 12/08/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
700 sqft

Description

Introducing a well-proportioned two-bedroom semi-detached house that presents a valuable opportunity for renovation and investment. Nestled in a quiet residential cul-de-sac, this property benefits from allocated parking and a generously-sized southerly-facing garden, making it an appealing canvas for those looking to create their ideal home or capitalize on potential rental income. The location is particularly advantageous; situated within a family-friendly community in Newquay, the area boasts close proximity to essential amenities such as grocery stores, schools—including the well-regarded Bishops School—and various recreational spaces like Trenance Park. This park features a boating lake, gardens, Waterworld, and Newquay Zoo, offering ample opportunities for outdoor enjoyment and family activities. Having been owned by the same individual for over twenty years, this home has a strong sense of stability and community. However, it does require some modern updates to realize its full potential. Upon entering, you are greeted by a welcoming porch that leads into a spacious lounge filled with natural light from the large front-facing window. This versatile space allows for different furniture arrangements while providing access to the first floor through a staircase. At the rear of the house is the kitchen/diner which benefits from its sunny aspect, creating an inviting atmosphere throughout the day. Although functional in its current form with basic cabinetry and room for essential appliances, there is significant potential to enhance this area into an open-plan design that suits contemporary living. The sliding doors not only provide direct access to the garden but also seamlessly connect indoor dining with outdoor leisure. Upstairs, two generous double bedrooms offer ample living space. The main bedroom features built-in wardrobes while the second room enjoys similar dimensions alongside a delightful southerly view. The landing grants access to additional storage in the loft and leads to a family bathroom equipped with standard fittings including a bath with shower over. Externally, off-road parking is available for up to three vehicles at the front of the property. The rear garden stands out as a tranquil retreat; established planting provides both beauty and privacy. This sun-soaked space invites relaxation and gardening possibilities—ideal for unwinding or entertaining guests. In summary, this two-bedroom semi-detached house represents an excellent opportunity for renovation enthusiasts or buyers looking to invest in an area known for its family appeal. With no onward chain and light-filled interiors ready for your personal touch, it awaits new owners eager to unlock its full potential.

Investment Analysis

(TR7 area)

Below Market Value

This property is priced -1.2% below area average per sq ft

-1.2%
Potential saving
This Property
£357/sq ft
Area Average
£362/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Target Value
£278,355
10% above area average per sq ft
Potential ROI
-10.9%
After renovation
Monthly Sales
29
Average per month
Market Turnover
53%
Properties sold annually

Local Market Trend (TR7)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -6.7%
5 year growth: 28.0%
Investment Disclaimer: Analysis based on TR7 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

Luxon Drive, Newquay TR7
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