2-bedroom bungalow · PL31 2RD
Listing removedListed 227 days
Opportunity summary
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About
A detached bungalow in need of extensive refurbishment with gardens descending to the banks of the River Camel and a separate paddock of 2.89 acres.
Two bedroom bungalow with sun terraces and driveway. Elevated location. Picturesque riverside gardens. Nearby paddock with lovely views and outbuilding.
EPC Band: E Situation - With gardens fronting onto the River Camel and easy access onto the Camel Trail, Riverside enjoys a picturesque setting.
This scenic location is just over a mile west of Bodmin town centre with ready access onto the A389.
Wadebridge is just 8.5 miles and the magnificent North Cornish coast 12.5 miles with destinations including Polzeath, Rock, Port Isaac, Padstow and Constantine Bay all within easy driving distance.
On the south coast is the scenic River Fowey, an ideal place to keep either a yacht or dinghy as together with its creeks and inlets it provides fantastic opportunities for day sailing.
The pretty villages of Lerryn and Golant are well worth visiting, as is the historic port of Fowey.
Bodmin Parkway mainline railway station is 5.5 miles and Newquay airport is 16 miles away, with daily flights throughout the UK and Europe.
The Property - Set in an elevated position, Riverside is a detached bungalow that now requires extensive refurbishment and renovation .
Approached over an unclassified lane, the steep driveway ascends to the bungalow with parking for three vehicles (one behind another).
Stretching across the frontage is a covered verandah and from here, two sets of doors open into the accommodation which comprises a spacious sitting room, kitchen/breakfast room, utility room, two bedrooms and a bathroom.
Surrounding the bungalow are paved gardens that also require re-landscaping.
Garden - Descending to the banks of the River Came (Site of Special Scientific Interest)l and on the opposite side of the access lane, are terraced, sloping gardens which are principally laid to lawn with mature shrubs and trees.
These scenic grounds are a perfect spot for a sun terrace or summerhouse. Paddock - A short walk from the bungalow is a paddock extending to approximately 2.89 acres (1.17 Hectares).
Enjoying wonderful views, the paddock slopes to the west and benefits from two field gates that open onto an unclassified lane/pathway which runs along the southern boundary.
In the northern section of the paddock is an old timber outbuilding Services - Mains water and electricity.
Private drainage system in the riverside garden (Purchasers to satisfy themselves on compliance with General Binding Rules). Upto Ultrafast Broadband is available in the area (Ofcom).
Mobile coverage ranges from poor to good outdoors (Ofcom) Viewings - Strictly by prior appointment with Stags Wadebridge Office on Directions - PLEASE DO NOT FOLLOW SAT NAV POSTCODE - From Wadebridge on the A389, proceed down into Dunmere, over the bridge turning immediate left into a lane.
Riverside is the second driveway on the right. What3words: ///remark.angers.crabmeat
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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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