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Fore Street, Pensilva, PL14 5PZ
3 Bed Semi-Detached Bungalow – Pensilva
Fore Street, Pensilva, PL14 5PZ
Sold STC
£140,000+
- Three bedroom semi detached bungalow in a popular Cornish village
- Excellent potential for renovation or redevelopment
- Occupying a generous plot with a substantial garage/workshop
Description
Nestled in a peaceful setting within the ever popular moorland village of Pensilva, Penrest is offered to the market for the first time in over 20 years and represents an excellent renovation or redevelopment project. This three bedroom semi detached residence is set on a generous plot of approximately 0.2 acres with the site offering unique potential. Internally the property offers generously proportioned living accommodation throughout, with great scope to redevelop, subject to obtaining any necessary planning permissions required. Externally the large gardens boasts a detached double garage/workshop that again offers a wealth of possibilities for its use. An internal viewing is essential to not only appreciate the quiet position of the property but also the excellent potential that it offers.
Accommodation
| Bedrooms | 3 |
| Bathrooms | 1 |
Location
Kivells describes the property as being in Fore Street, Pensilva, PL14. The location context and accessibility should be verified by the buyer before bidding.
Tenure
| Approx. size | 936 sq ft (87 sq m) |
| EPC | D |
| Council Tax | C |
| Tenure | Freehold (confirmed by property portal) |
| Services | Mains water, electricity and drainage; gas-fired central heating (untested). |
Auction Information
| Auction date | 2026-09-02 at 7:00pm |
| Guide price | £140,000 Guide Price |
| Buyer’s administration fee | £2,000 + VAT (£2,400 inc VAT) |
| Status | Sold STC / treated as Sold Prior for HB import |
| Source | Kivells individual property particulars |
Investment Analysis
The figures below are HB desktop estimates for screening purposes, not valuations or quotations. They use the Kivells guide price and property particulars together with current local market evidence where available. A survey, legal-pack review, contractor pricing and local agent appraisal are required before bidding.
Investment Snapshot
| Guide Price | £140,000 |
| Approx Size | 936 sq ft (87 sq m) |
| Refurbishment Budget | £55,000 HB desktop allowance |
| Purchase + Works | £195,000 |
| Estimated Total Project Cost | £202,900 before SDLT |
| Low / Base / High GDV | £230,000 / £255,000 / £285,000 |
| Estimated Private Rent | £1,150 pcm |
| Potential Annual Rent | £13,800 pa |
| Gross Yield – Purchase | 9.9% |
| Gross Yield – Purchase + Works | 7.1% |
| Gross Yield – Total Project Cost | 6.8% |
| 75% Refinance | £191,250 |
| Capital Left In | £11,650 |
| Estimated Flip Surplus | £52,100 before tax/SDLT/selling costs |
| Suggested Strategy | Refurbish / resale or standard BTL |
| Main Risk | Renovation scope and title registration |
Market Comparables
| Fore Street, Pensilva – subject listing | Guide £140,000 — Auction / renovation benchmark |
| Fore Street, Pensilva – 2 bed detached bungalow | £255,000 asking — Current marketed local bungalow benchmark |
| Pensilva – 3 bed detached house with 17.29 acres | £425,000 auction guide — Not directly comparable; upper rural benchmark |
Comparable prices above are marketed/guide figures unless explicitly described as sold. They are screening evidence, not a formal valuation.
Proposed Works
| Repairs / fabric / damp allowance | £8,800 |
| Electrical / plumbing / heating | £9,900 |
| Kitchen & bathroom upgrades | £11,000 |
| Internal finishes / joinery | £11,000 |
| External / garden / ancillary buildings | £5,500 |
| Contingency | £8,800 |
Rental Value
| PL14 2 bed bungalow, St Keyne | £925 pcm marketed |
| PL14 2 bed detached bungalow | £950 pcm marketed |
| HB 3 bed post-works estimate | £1,150 pcm desktop estimate |
Rental comparables are advertised rents unless otherwise stated; achieved rent may differ.
Low / Base / High Investment Scenario
| Low | GDV £230,000; downside case after works and acquisition costs. |
| Base | GDV £255,000; screening case used for refinance/flip calculations. |
| High | GDV £285,000; requires strong finish and supportive local demand. |
BTL Analysis
| Base monthly rent | £1,150 |
| Annual rent | £13,800 |
| Gross yield on guide | 9.9% |
| Gross yield on total project cost | 6.8% |
BRRR Analysis
| Base GDV | £255,000 |
| 75% refinance | £191,250 |
| Estimated total project cost | £202,900 |
| Indicative capital left in | £11,650 |
Flip Analysis
| Base GDV | £255,000 |
| Estimated total project cost | £202,900 |
| Indicative surplus | £52,100 |
| Important | Surplus excludes SDLT, tax and selling costs and is not net profit. |
Maximum Bid Indicator
| Base GDV | £255,000 |
| Target developer margin | 15% of GDV |
| Works allowance | £55,000 |
| Known buyer admin fee | £2,400 inc VAT |
| Other legal / finance / holding allowance | £5,500 desktop allowance |
| Indicative maximum bid | £153,850 |
| SDLT | Buyer-specific and deliberately excluded; deduct applicable SDLT from the maximum bid. |
Strategy Recommendation
Refurbish / resale or standard BTL. The investment case is highly sensitive to the actual condition, legal pack and achieved end value/rent.
Strategy Rating
| Refurbishment / value-add | ★★★★☆ |
| Long-term rental | ★★★☆☆ |
| Flip / resale | ★★★☆☆ |
Key Risks
- Renovation scope and title registration
- Auction purchase is legally binding; review the legal pack and all seller charges before bidding.
- Desktop GDV/rent/works assumptions require independent verification.
Analysis Confidence
Medium for source facts; low-to-medium for desktop investment estimates until survey, legal pack, contractor quotes and local agent appraisal are obtained.
Auction Details :
Kivells
Auction Date :
02/09/26
Lot Number :
002
Property Location:
Fore Street, Pensilva, PL14 5PZ
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