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Fore Street, Polruan PL23

South West

£335,000
Listed on 23/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1274 sqft

Description

This substantial mixed-use property is situated in the heart of the village, offering a unique opportunity for renovation and investment. The building features two levels of residential space above a commercial unit on the ground floor, along with a cellar that provides additional potential for storage or development. The location is particularly advantageous, positioned near the picturesque River Fowey and just moments from the quay. Polruan boasts essential amenities including a general store, sub post office, tea rooms, and local pubs, contributing to its vibrant community atmosphere. For wider shopping needs and services, Fowey is easily accessible via a regular passenger ferry. The surrounding area offers stunning coastal and countryside landscapes, much of which is maintained by the National Trust, making it an appealing destination for outdoor enthusiasts. The property itself encompasses four floors with independent access to the residential portion above. The top two floors contain a spacious sitting room with a wood burner, providing scenic views across the harbour towards Fowey. The kitchen includes necessary base and wall units and there’s access to a loft area that may offer further expansion possibilities. The first floor features two front-facing bedrooms and a bathroom. A hatch leads down to the entrance hall where you can find access to the cellar—ideal for those looking to utilize all available space effectively. On the ground level, the commercial unit currently operates as a café, benefiting from large windows that invite natural light and enhance its inviting atmosphere. The tenant holds an informal lease arrangement currently in place for six months. This property requires modernization but presents considerable potential for someone seeking either a lifestyle change or investment opportunity in this charming community. Its dual-use nature allows for various possibilities—whether you wish to continue operating as a café while residing above or explore different ventures altogether. Viewing is available strictly by appointment through May Whetter & Grose. This freehold property is subject to council tax bands A (residential) and C (commercial), with energy performance ratings of E (residential) and B (commercial). Please inquire about specific details regarding services as they have not been verified by agents.

Investment Analysis

(PL23 area)

Below Market Value

This property is priced -40.5% below area average per sq ft

-40.5%
Potential saving
This Property
£263/sq ft
Area Average
£442/sq ft

Renovation Potential

Est. Renovation Cost
£33,500 - £83,750
10-25% of property value
Target Value
£619,068
10% above area average per sq ft
Potential ROI
+47.8%
After renovation
Monthly Sales
6
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PL23)

Area prices are rising by +15.4% over the last 12 months
3 year growth: 3.2%
5 year growth: 18.8%
Investment Disclaimer: Analysis based on PL23 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

Fore Street, Polruan PL23
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