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Tregoney Hill, Mevagissey, St. Austell, Cornwall PL26

South West

£485,000

Listed on 01/06/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1335 sqft

Description

This spacious detached bungalow, set on roughly four acres near Mevagissey, presents a unique investment opportunity. The property boasts three generous double bedrooms and an expansive open-plan kitchen-living-dining area that offers captivating rural views. Entering through a sizeable utility room, you'll find plenty of storage alongside the well-equipped kitchen featuring numerous fitted units and an Aga that serves as a functional centerpiece between cooking and living spaces. The living area is notably large with a bay window providing panoramic views of the surrounding countryside, complete with a wood-burning stove perfect for warmer gatherings. The layout includes versatile spaces for dining and entertaining, ensuring potential for modern upgrades. Each of the three bedrooms is comfortably sized, benefiting from ample natural light and picturesque views. The family bathroom is equipped with essential amenities, while additional separate WC adds convenience. Outside, the gently sloping grounds offer two distinct barn structures - a large timber barn ideal for vehicle storage or workshop activities, and a stone barn which holds renovation potential for expanded functionality or even conversion (subject to permissions). With direct access to the B3273 enhancing its appeal for redevelopment possibilities, this property provides significant scope for improvement or expansion.

Investment Analysis

(PL26 area)

Above Market Value

This property is priced +25.6% above area average per sq ft

+25.6%
This Property
£363/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£233
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£424,617
10% above area average per sq ft
Potential ROI
-24.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PL26)

Area prices are rising by +10.7% over the last 12 months
3 year growth: +3.3%
5 year growth: +22.7%
Investment Disclaimer: Analysis based on PL26 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

Tregoney Hill, Mevagissey, St. Austell, Cornwall PL26
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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
£1,832
Based on a loan of £363,750 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.

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