1-bedroom flat · TR17 0AY
For saleReduced £10k (−2.8%) on 20 JunListed 203 days
Opportunity summary
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About
Coachmans Cottage is an exceptional example of a converted one bedroom apartment, with lovely sea views over Mounts Bay to St Michael's Mount and beyond.
The property is being used as a successful holiday let and the majority of fixtures and fittings can be made available by separate negotiation.
In recent years, planning permission was granted to convert the roof into further living accommodation, which has now lapsed, W1/08-0741; this would maximise the living accommodation.
There is a garage behind the property which is for the sole use for Coachmans Cottage.
Marazion is a popular town with a good array of amenities and the property is located in a convenient position within a short walk of the main town and beaches.
Property additional info entrance hall: Painted floorboards, sunken spotlights.
Living room: 12' 6" x 9' 5" (3.81m x 2.87m) Lovely sea views over Mount's Bay to St Michael's Mount and beyond, double glazed sliding sash window, window seat, open fireplace with log burner and slate hearth, painted floorboards, TV point, electric heater.
Opening to: Kitchen/diner: 11' 0" x 10' 0" (3.35m x 3.05m) Stainless steel inset sink with cupboards below, range of base units with solid wood worksurfaces, shelving, built in oven, four ring hob and extractor hood, further built in cupboard, painted floorboards, integrated dishwasher, sunken spotlights, electric heater, window seat with stripped pine shutters.
Bedroom: 12' 8" x 9' 4" (3.86m x 2.84m) Lovely sea views over Mounts Bay to St Michael's Mount and beyond, double glazed sliding sash window with window seat, walk in wardrobe and storage area with access to roof space, painted floorboards, electric heater.
Bathroom: 11' 8" x 7' 6" (3.56m x 2.29m) White suite comprising double ended spa bath with chrome mixer tap and shower attachment, pedestal wash hand basin, low level WC, painted floorboards, built in cupboard, panelling to dado rail height, heated chrome towel rail and electric heater, stripped pine shutters.
Access to washing machine. Outside: There is a garage within the courtyard. Services: Mains water, electricity and drainage.
Agents note: Planning permission was granted to convert the roof into further living accommodation, which has now lapsed, W1/08-0741. We don't see a reason that this couldn't be easily reinstated.
We understand from Openreach website that Superfast Fibre Broadband (fttc). We tested the mobile phone signal for Vodafone which was average. The property is constructed of granite under a slate roof.
Charges: Maintenance: 1/3 share lease: 999 from July 2007 + Share of freehold Roof type: Slate tiles. Mobile signal/coverage: Intermittent. Construction materials used: Others.
Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (gas).
Broadband internet type: Fttc (fibre to the cabinet). Parking Availability: Yes.
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 Coachmans Cottage, Turnpike Hill, Marazion
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