3-bedroom bungalow · TR14 0QJ
Opportunity summary
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About
Windmill Farm is a ring-fenced small holding situated in a quiet yet accessible location on the outskirts of Penponds village in mid-west Cornwall.
A former dairy farm, the property offers approximately 16.87 acres of land set around a range of traditional and agricultural barns together with a three bedroom detached bungalow.
The Bungalow The bungalow is well proportioned and has the potential to create a comfortable family home but is now in need of a scheme of refurbishment and improvement throughout.
The accommodation comprises; entrance hall, sitting room with woodburning stove, kitchen/dining room with Rayburn, rear porch/utility and three large double bedrooms together with a bathroom.
Surrounding the bungalow are small lawned gardens and there is a large store, though this is now in a state of disrepair.
A concrete screening (mundic) test was carried out in July 2026 and classified the property as A1 and therefore suitable for mortgage lending purposes.
The report is available from the agents on request.
Buildings, Barns & Outbuildings Beyond the bungalow are a range of traditional and agricultural barns and buildings including two large timber agricultural barns, a concrete block built parlour, former piggeries (concrete block), concrete block tractor sheds and a Nissan hut.
It is possible that some of the barns/buildings may have potential for class Q conversion/planning permission and that the parlour could be considered suitable for conversion into ancillary accommodation (subject to planning consent).
Within the central yard is ample parking and turning space. Property Information EPC G Council Tax Band C Services Mains electricity and water. Private drainage (septic tank).
None of these services have been tested and therefore no guarantees can be given. Interested parties are advised to make their own enquiries to the relevant service providers.
Wayleaves, Easements & Rights of Way The sale will be subject to and with the benefit of all wayleaves, easements and rights of way as may exist.
No public rights of way cross the property being offered for sale.
Particulars & Plan Whilst every care is taken in the preparation of these particulars, their accuracy is not guaranteed and they do not constitute any part of an offer or contract.
Any intending purchaser/s must satisfy themselves by inspection or otherwise as to the correctness of these particulars.
Location The property lies on the western edge of Penponds, a small village to the south west of Camborne.
Nearby Penponds and Barripper offer a Primary School, public house, village hall between them whilst Camborne (2 miles distant) is a large town steeped in mining history which boasts an extensive range of retail and professional services along with leisure and educational facilities.
The A30 is within striking distance allowing for easy access in, out of and around the county and there is a mainline railway connection from Camborne to London (Paddington).
The immediate area is home to many public rights of way offering excellent off-road walking, cycling and riding opportunities right on the doorstep.
Viewing & Directions Strictly by appointment with the sole selling agent Lodge & Thomas.
Tel: Email: Directions From the centre of Penponds proceed in a south westerly direction along Mill Road and shortly after the sharp right hand bend, turn right at the t-junction into Hood Hill.
Follow Hood Hill as it bears around to the left and then the entrance to Windmill Farm will be found on the left hand side, identified by a Lodge & Thomas for sale board.
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Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Windmill Farm, Camborne
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