If you are, or would like to be a Hayle property owner and want to know the top 12 most affordable streets in Hayle* then please read on….
Hayle has had many years of being overshadowed by St Ives, its more glitzy cousin. However, the last few years have seen a renaissance of the town, which means that Hayle is becoming a sought after place to live in once more.
But that doesn’t mean there aren’t some great streets and areas in Hayle that are still very affordable. So over the coming weeks I’ll be reviewing the 12 most affordable streets in Hayle.
Today I’ll give you an overview of the first 3……
Number 1 in my review of the 12 most affordable streets in Hayle
There are 60 properties in Foundry Square with an average property value of £122,300. The most recent sale was for £124,000. Over the past 3 years the lowest price has been £95,000 and the highest has been £124,950. Its an area that’s predominately flats, which is why the average prices are lower here.
The building above is a period ll listed building and the flats are quirky and spacious, with period features. This means they’re sought after and would be well worth investigating when the next one comes on the market.
I love Foundry Square because its close to a great choice of shops and cafes. This includes the Old Foundry, which boasts an eclectic mix of quirky independent shops, making it a perfect place for browsing. Foundry Square is also home to the White Hart Hotel, which is an historic hotel. It was built to support the many travelling engineers during the industrial revolution.
Number 2 in my review of the 12 most affordable streets in Hayle
There are 13 properties that fall under the Market Square postcode of 4BN. The average value of properties here is currently £137,000. There have been just 6 sales in the past 10 years and the most recent sale was for £127,500 in March 2020.
Market Square is at the Copperhouse side of town, which makes it perfect for getting onto the A30 quickly.
There’s currently a 1 bedroom flat for sale in Market Square, that’s being sold by Marshalls with an advertised price of £117,500. This flat would be a great first time home. It would achieve a rental yield of between 5 and 6%, so would also make an ideal buy to let investment.
Here’s the link to the advert for further details: https://www.marshallspz.co.uk/property-for-sale/hayle/tr27-4bn/1677593
I love this area for its interesting shops, most notably, Down The Line Surf Shop. Nearby is Mr B’s Ice-Cream Parlour, which has just moved from Market square to their new larger premises over the road in Fore Street and just a few steps away is the rather fabulous Chandlers Plaice fish and chips shop.
Number 3 in my review of the 12 most affordable streets in Hayle
This has 63 properties with an average value of £158,000.
In terms of property types, flats in Sea Lane sold for an average of £138,633 and terraced houses for £171,446. The latest property sale was for £180,000.
This road is a mix of property types. It has small, 1 bedroom flats, well proportioned, ex council houses and a few large period properties.
Before I talk about what I like about this road, I thought you might be interested in seeing what’s recently sold.
Here is a 2 bedroom maisonette in the Malt House area of Sea Lane. This was being marketed for £130,000. These are popular properties, as they have good sized living space and low maintenance terraces, with fabulous views towards the estuary.
Sea Lane also has larger family homes like this 5 bedroom house. It sold in May 2020 for £400,000
This road is a good all-rounder. The flats are perfect for first time buyers, with the larger houses and the close proximity to the senior school make it a good location for families.
I hope this little round up has been of interest. I’d love to hear your views. So feel free to comment below or contact me directly.
Don’t forget to keep an eye out for my next blog where I’ll be reviewing numbers 4-6 of my top twelve most affordable streets in Hayle.
I’m a director of CAM Residential Lettings in Hayle. All my reviews are my personal observations and based on my love and knowledge of our local towns of Hayle, Penzance and St Ives. If I spot a bargain, or fabulous investment opportunity, I’ll be mentioning it on this blog site, regardless of who’s marketing it.
*This article is for TR27 4 postcodes only. I’ll cover the villages in separate articles, as they’re all quite unique in themselves.