Summary - Millendreath Beach Resort, Millendreath PL13 1PE
2 bed 1 bath Semi-Detached Bungalow
Turnkey seaside investment with panoramic views and optional long lease extension.
- Panoramic sea and countryside views, short walk to the beach
- Recently refurbished, sold furnished and fully equipped
- Open-plan living, sun deck ideal for holiday lets
- Two designated off-street parking spaces on the resort
- Lease has 42 years remaining; lenders may refuse mortgages
- Option to buy new 125-year lease for £25,000 to remove restrictions
- Ground rent £512.60 (half-yearly) plus service and sewerage charges
- Electric panel heating; slow broadband and average mobile signal
A well-presented, furnished 2-bedroom holiday bungalow with panoramic sea and countryside views, positioned just a short stroll from Millendreath beach. Recently renovated inside and out, the open-plan living/dining/kitchen and large sun deck create an appealing, turnkey holiday-let layout with integrated appliances and two designated parking spaces.
This is primarily a holiday investment: the current lease has 42 years remaining and restricts use to holiday purposes (not available in November–February). Mortgage lenders may refuse lending on the short remaining term, though there is a documented option to purchase a new 125-year lease for an additional £25,000 which would remove the seasonal restriction and reduce ground rent to a peppercorn.
Running costs and practicalities are straightforward but notable: independent electric panel heaters, quarterly service/sewerage charges and a half-yearly ground rent (£512.60). Broadband speeds are slow, mobile signal average, and access is via stepped paths to the third tier. These factors suit holiday users or cash buyers and investors prepared to manage seasonal letting and on-site charges.
For an investor seeking a ready-to-let coastal property, this bungalow offers immediate income potential and strong holiday appeal. Buyers wanting mortgage finance or full-time residential use should consider the new lease option before committing, and all purchasers should verify lender acceptance and the detailed service charge schedule.
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