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See how verdicts work2-bedroom flat · PL13 2BS
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Apartment 3, Dingles Folly is a ground floor apartment forming part of a converted Victorian chapel of only eight apartments in total.
The property benefits from its own private entrance directly into the apartment, along with rear access to the side parking off the bedroom.
A side passage provides access to number 3 through to the porch and into the living space of the apartment. A large living room with kitchen situated to one side.
An inner hallway provides access to the wet room with shower, low level WC and basin, along with the two double bedrooms with one providing access to the rear parking area.
The property further benefits from gas central heating and private parking.
Chapel Ground is situated just off West Looe Hill in West Looe, only yards from the Harbour and close to local amenities including a popular deli, West Looe General Stores and the public house, The Jolly Sailor.
The foot ferry runs from East Looe when the tide is in, and alternatively the walk around via Looe Bridge takes approximately five minutes.
Property Information Services: Mains electricity, gas, water and drainage.
Windows: Wooden Heating: Gas combination boiler for hot water and central heating to a system of radiators Tenure: Leasehold 999 years from 2008 with a shared freehold (8 apartments in total).
Ground rent, insurance and maintenance £880.00. Under the terms of the lease, holiday letting is not permitted. Council Tax Band: A. Flood Risk - Very Low. Located within a conservation area.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 Dingles Folly, Chapel Ground, Looe, Cornwall
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