2-bedroom bungalow · TR19 6XQ
For saleReduced £75k (−13%) on 20 JunListed 387 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled in the heart of the renowned and picturesque Lamorna Cove, this well presented detached bungalow offers an exceptional opportunity to acquire a coveted piece of this iconic Cornish coastline in an area of outstanding natural beauty.
With the sea a stone's throw away, you'll awaken to the sounds of the ocean and enjoy an unparalleled connection to this famous bay.
This delightful property provides a comfortable and inviting living space, featuring a sitting room, a kitchen, two bedrooms, and a bathroom.
There is parking for 2 vehicles and a garden which is bordered by a stream. A significant advantage of this property is that it is being sold as seen, fully furnished and ready to go.
Having previously operated as a successful holiday let, it presents an ideal choice for those seeking an immediate income stream or a superb second home in one of Cornwall's most sought-after locations.
The convenience of being moments from the water's edge ensures that every day feels like a holiday.
Whether you're looking for a permanent seaside retreat, a lucrative investment, or a serene escape, this charming bungalow in Lamorna Cove offers an unmissable chance to live the dream.
Early viewing is highly recommended to fully appreciate its unique appeal and incredible proximity to the sea. Mains Electric & Water are connected. Drainage is via a septic tank.
Bal Red is heated via lpg Gas Central Heating. The property is registered as a business with a previous ratable value of approximately £3000.
Agents note: As this property is being sold by Executors we have limited property knowledge Elevations & Views Entrance Hall Living Room (5.16 x 3.30 (16'11" x 10'9")) Kitchen (2.95 x 2.10 (9'8" x 6'10")) Bathroom (2.19 x 1.65 (7'2" x 5'4")) Inner Hall Bedroom 1 (3.42 x 2.61 (11'2" x 8'6")) Bedroom 2 (3.52 x 3.39 (11'6" x 11'1")) Garden & Parking Lamorna Cove
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 Bal Red, Lamorna Penzance
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