2-bedroom flat · PL13 2DU
For saleListed 394 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Island House Flat is tucked away just off Church Street, set slightly up a slope on Hannafore Lane, to the rear of the Island House building.
The property enjoys its own private entrance, approached via a couple of steps leading to a small patio area — the perfect spot for a chair to sit and watch the world go by.
Description Through the front door, you are welcomed into an airy open-plan kitchen, lounge, and dining area that provides a comfortable and sociable living space.
Double sash windows flood the room with natural light and offer views across the surrounding rooftops with a glimpse of Looe Harbour.
Spanning the full width of the property, the room is full of character, featuring original wooden beams, sash windows with window seats, exposed brickwork, and areas of natural stone flooring.
The kitchen is fitted with a sink, wooden-fronted upper and lower units with complementary work surfaces, and has space for a fridge and electric oven with an overhead extractor fan.
To the side, the bathroom is fitted with a white suite comprising a panelled bath with shower over, wash hand basin and WC.
A small built-in cupboard provides useful storage, while the room also houses the gas boiler. The property offers two bedrooms, both carpeted for comfort.
The main bedroom is a double, while the second is a versatile small double or single, with space for a wardrobe or additional furnishings.
This charming property does require some updating and is offered with No Onward Chain, making it an excellent opportunity for those looking for a hassle-free purchase.
The flat forms part of a shared freehold with two other properties which are the cottages to the front of Island House. Additional Property Information: Tenure - Shared Freehold. Council Tax Band - A.
Services: Mains gas, electricity, water and drainage. Heating: Boiler to set of radiators. Windows: Wooden and wooden sash windows Flood Risk - Very Low.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
FAQ
About Island House Flat, Hannafore Lane, Looe, Cornwall
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