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Montgomery Road, Penwithick, St. Austell PL26

South West

£85,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
700 sqft

Description

This two-bedroom first-floor apartment presents a unique opportunity for renovation and investment in the heart of Penwithick. While the property requires modernization, it offers a solid foundation for those looking to create a personalized living space or capitalize on rental potential. The layout features an inviting entrance hallway that leads into a spacious lounge, providing ample natural light. Both bedrooms are generously sized doubles, ideal for various arrangements, whether you're targeting family living or setting up as a rental unit. The kitchen/diner is functional and offers enough room for reconfiguration or upgrades, allowing you to tailor it to modern standards. Additionally, the bathroom has the potential for refurbishment, making it an excellent project for enhancement. One of the standout features of this apartment is its expansive enclosed rear garden, which could be transformed into an appealing outdoor area for relaxation or entertaining. The property is classified as a repaired Cornish Unit but comes with a valid PRC certificate, making it mortgageable—a significant advantage for potential buyers. Located just outside St Austell, Penwithick combines convenient access to local amenities with the charm of countryside living. The nearby town boasts essential services like shops and takeaways while offering proximity to larger retail and dining options in St Austell. For those who enjoy outdoor activities, the stunning scenery surrounding St Austell—including attractions such as the Eden Project and Lost Gardens of Heligan—is easily accessible. While there is no designated parking, plenty of on-street options are available nearby. The property will benefit from an extended lease upon completion, adding further value. With no onward chain and vacant possession, this apartment offers a straightforward path to ownership—perfect for first-time buyers or seasoned investors looking to refurbish and profit in this desirable area.

Investment Analysis

(PL26 area)

Below Market Value

This property is priced -58.4% below area average per sq ft

-58.4%
Potential saving
This Property
£121/sq ft
Area Average
£292/sq ft
Avg Rent (weekly)
£214
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£8,500 - £21,250
10-25% of property value
Target Value
£224,571
10% above area average per sq ft
Potential ROI
+111.4%
After renovation
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PL26)

Area prices are rising by +3.7% over the last 12 months
3 year growth: 1.0%
5 year growth: 26.4%
Investment Disclaimer: Analysis based on PL26 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

Montgomery Road, Penwithick, St. Austell PL26
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