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Higher Tremayne, Praze, Camborne TR14

South West

£550,000
Listed on 02/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
927 sqft

Description

This three-bedroom detached bungalow is nestled within approximately six acres of picturesque Cornish countryside, located on the outskirts of the vibrant village of Praze an Beeble. While the property requires some updating, it presents a solid foundation for creating a comfortable family home in this appealing setting. The layout includes a spacious lounge with multiple windows providing ample natural light, alongside a kitchen/diner that features built-in storage and space for necessary appliances. The bedrooms are adequately sized, ideal for accommodating family or guests. The bathroom offers practical amenities, including a walk-in shower and a separate W.C., making it functional for daily living. Key features of the home include double glazing and solar panels, enhancing energy efficiency. Outside, there is plenty of parking space along with a garage that includes a service door to the side and an additional W.C. at the rear. The mature gardens—though currently overgrown—hold potential for those with gardening skills to restore them to their former beauty. Encompassing various specimen plants and an orchard area filled with fruit trees, this expansive outdoor space allows for creativity in landscaping or farming pursuits. The surrounding area boasts numerous local amenities including a GP surgery, primary school, village shop, bakery, and pub—all within close proximity. For broader services and leisure activities, Camborne and Helston are nearby towns offering additional facilities. Camborne also provides access to the railway network on the Penzance to Paddington line and connections to the A30, which serves as a principal route through Cornwall. Investors may find considerable potential in this property given its size, location, and surrounding attractions. With thoughtful renovations, this bungalow could transform into a cherished family residence or potentially serve as an inviting holiday retreat in this sought-after region. Overall, this property stands as an appealing opportunity not just for homebuyers but also for those looking to invest in Cornwall’s flourishing real estate market.

Investment Analysis

(TR14 area)

Above Market Value

This property is priced +113.9% above area average per sq ft

+113.9%
This Property
£593/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£55,000 - £137,500
10-25% of property value
Target Value
£282,865
10% above area average per sq ft
Potential ROI
-58.9%
After renovation
Monthly Sales
20
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (TR14)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 6.8%
5 year growth: 30.6%
Investment Disclaimer: Analysis based on TR14 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

Higher Tremayne, Praze, Camborne TR14
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