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Chynance Drive, Newquay TR7

South West

£315,000
Listed on 19/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
862 sqft

Description

This three-bedroom semi-detached house presents a significant opportunity for renovation and investment, situated in the increasingly sought-after Chynance Drive. The property features double glazing and gas central heating, along with off-road parking and a garage. The spacious rear garden is currently overgrown but holds great potential for landscaping, providing an ideal space for outdoor living. Located within walking distance of Newquay Town Centre, Fistral Beach, and the Gannel Estuary, this area is experiencing a wave of refurbishment as properties are converted into modern family homes. Inside, you'll find a welcoming entrance porch leading into a generous hallway with access to the lounge/dining area, kitchen, and ground floor WC. The first floor consists of three substantial bedrooms, each capable of accommodating double beds, plus a family bathroom. Given its condition, this property requires comprehensive modernization to unlock its full potential.

Investment Analysis

(TR7 area)

Above Market Value

This property is priced +1.2% above area average per sq ft

+1.2%
This Property
£365/sq ft
Area Average
£361/sq ft
Avg Rent (weekly)
£268
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£342,537
10% above area average per sq ft
Potential ROI
-3.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TR7)

Area prices are stable by +0.7% over the last 12 months
3 year growth: -9.4%
5 year growth: 20.7%
Investment Disclaimer: Analysis based on TR7 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

Chynance Drive, Newquay TR7
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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
£1,154
Based on a loan of £236,250 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