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Mellanear Road, Hayle TR27

South West

£380,000

Listed on 02/06/2026

Property Details

Bedrooms
4
Type
Detached Bungalow
Area
1178 sqft

Description

This spacious three-bedroom detached bungalow, located on a generous plot in Hayle, offers the opportunity for a savvy buyer to create a personalized home through modernization. The property features versatile accommodation, including a comfortable lounge, separate dining room, and kitchen, alongside a family bathroom and cloakroom. Although the interiors would benefit from updates, they provide an excellent blank slate for renovation. Additionally, the property includes a self-contained annexe with its own entrance that could be transformed into an independent living space—ideal for guests or rental potential (subject to necessary permissions). Set within established gardens that offer ample outdoor space, this bungalow includes a garage and driveway parking for multiple vehicles. The absence of an onward chain allows for quicker occupancy. With its proximity to local amenities and stunning coastal areas, this property presents significant investment potential in a desirable location.

Investment Analysis

(TR27 area)

Below Market Value

This property is priced -6.3% below area average per sq ft

-6.3%
Potential saving
This Property
£323/sq ft
Area Average
£344/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£446,079
10% above area average per sq ft
Potential ROI
+6.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR27)

Area prices are rising by +8.2% over the last 12 months
3 year growth: +3.2%
5 year growth: +16.1%
Investment Disclaimer: Analysis based on TR27 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

Mellanear Road, Hayle TR27
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,436
Based on a loan of £285,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

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