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Park Road, Fowey PL23

South West

£295,000
Listed on 27/03/2026

Property Details

Bedrooms
3
Type
Retail
Area
1417 sqft

Description

This property represents a distinctive investment opportunity, combining commercial and residential potential in the picturesque town of Fowey. The freehold retail shop, complemented by spacious residential accommodations at both ground and first floor levels, invites creative renovation to maximize usage. Built in the 1950s as a Cornish Unit, the structure features a substantial double-fronted retail space and flexible internal layouts that can cater to diverse needs, subject to obtaining necessary planning permissions. The residential area includes three reception rooms, a conservatory leading to a rear garden, and four bedrooms across two levels, all of which provide scope for modernization or reconfiguration. Outdoor spaces comprise front, side, and rear gardens with potential for landscaping enhancements or outdoor leisure setups. While this property comes with challenges—including its non-mortgageable status due to the Cornish Unit construction—it also offers buyers the chance to invest in an evolving community known for its natural beauty and vibrant local amenities. With essential repairs and updates required throughout, it is ideal for those seeking a project that can transform it into a desirable residence or rental opportunity by harnessing Fowey's appeal as a sailing destination and tourist hotspot.

Investment Analysis

(PL23 area)

Below Market Value

This property is priced -52.1% below area average per sq ft

-52.1%
Potential saving
This Property
£208/sq ft
Area Average
£435/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£677,489
10% above area average per sq ft
Potential ROI
+63.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PL23)

Area prices are rising by +18.2% over the last 12 months
3 year growth: +3.6%
5 year growth: +8.2%
Investment Disclaimer: Analysis based on PL23 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

Park Road, Fowey PL23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,045
Based on a loan of £221,250 over 30 years at 3.91% 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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