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See how verdicts work4-bedroom detached house · PL23 1JH
Listing removedListed 325 days
Opportunity summary
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About
SETTING THE SCENE The pretty and unspoilt St.Catherine's Cove with it's sandy beach and protected swimming waters sits tucked into the north side of Fowey harbour entrance.
Protected by the narrow harbour entrance between two castles, the pretty harbour town of Fowey on the south coast of England remains largely as it has been for years, with narrow streets winding through the town near the water's edge.
The Royal Fowey Yacht Club and Fowey Gallants Sailing Club bookend the town with plenty of interesting shops, boutiques, cafes and restaurants.
A haven for the keen sailor, the harbour is full of deep water moorings and the estuary provides access to St Austell Bay and the rest of the spectacular south Cornish coastline, including the Fal and Helford Estuaries further west.
Much of the wooded banks opposite Fowey are in the ownership of the National Trust, and the exceptional coastal footpath known as The Hall Walk runs between Polruan and Bodinnick.
The beautiful 150 yr old wood immediately to the south of the property, Covington Woods, is also part of the South West Coastal Path and The Saints Way.
Despite this idyllic waterside setting, Fowey is only 3 miles from the main London -Penzance main railway line, with an overnight 'sleeper' service from either Par or Lostwithiel.
HISTORY Readymoney is believed to have been originally built as a coach house and stables for the nearby waterfront Italianate mansion, Point Neptune in the late 19th century.
During the Second World War, the novelist Dame Daphne du Maurier and her children spent a year renting the house before eventually outgrowing it and moving to Menabilly THE TOUR Readymoney sits just a stone's throw from the top of the beach, behind beautifully planted gardens, which extend behind the house up into a private sub-tropical valley behind.
The gorgeous interior is well planned and arranged around a spacious hall and dining room set in the centre of the house, with a bedroom wing on one side, and a sitting room, utility and bathroom on the other.
A beautiful, bespoke fitted kitchen-breakfast room with electric AGA and integrated appliances lies across the rear of the house and opens out to a large slate sun terrace with loggia.
The main bedroom suite sits on the first floor accessed by a private staircase and has a luxurious private bathroom with a slipper bath.
Quite rare for a house so close to the beach with sea views, the gardens and grounds at Readymoney are extensive, affording immense privacy and also protection from the prevailing south westerly winds.
Behind the loggia is a level lawn area with a superb hard tennis court beyond while a network of pathways lead around the mature, sub-tropical gardens, which extend up the side of the valley, with various seating areas and wonderful views back down towards the harbour entrance.
Three magnificent pine trees dominate the rear garden, but there is an array of specimen plants and shrubs around the gardens.
Aside from being beautifully presented throughout, the house is fantastically equipped to work on a practical level and the various attractive garden buildings include a wet room, boat store, summer house and office.
SERVICES Mains water, electricity, drainage and gas. A mix of underfloor and radiator heating from gas-fired boiler. Electric AGA.
DISTANCES (all distances approximate) Readymoney Cove 20 yards, Royal Fowey Yacht Club 900 yards, Fowey Gallants Sailing Club 1 mile, Bodmin (A30) 12 miles, Truro 24 miles, Par Station (London to Paddington main line) 5 miles WHAT3WORDS LOCATION ///scouts.chess.snaps COUNCIL TAX BAND G
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Fowey, South Cornwall
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