1-bedroom flat · PL13 1DT
Sold STCListed 371 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
BEAUTIFULLY APPOINTED WATERSIDE APARTMENT. Studio style first floor apartment in the converted old Post Office in Looe.
The vendor currently holiday lets as located next to Looe river in the heart of the town. Comprising bedroom area, open plan living/kitchen area and a bathroom. Sold chain free.
The seaside holiday town of Looe is located in an Area of Great Landscape Value. The Property is situated in the heart of Looe town next to Looe River.
Looe keeps visitors entertained all year round whilst still retaining a working fishing port.
Stand on the quayside in the evening and watch the boats return before dining on fresh fish in a local restaurant.
The town prides itself on its fresh fish, and be it award winning fish and chips near the river or gourmet menus in smart restaurants overlooking the harbour, you know you won't be disappointed.
To work off a fine meal, Looe is a great place for walking as the South West Coast Path passes through the town, plus there are countless walks through the town to explore the historic narrow streets or along the two rivers into the surrounding beautiful countryside.
For children, a safe sandy beach with rock pools offers hours of free fun, and should you wish why not try a fishing trip or there's always crabbing from the quayside.
Looe straddles both sides of Looe River with its historic bridge & stone harbour side, with a thriving tourist industry, popular with boating & sea fishing enthusiasts.
There are a wide range of shopping, Tourist attractions & community facilities.
On the edge of the town just a short stroll is Looe station which links with the main line at Liskeard station with onward services to London.
Communal Entrance Communal hallway with steps up leading to owners apartment at the rear of the building.
Open Plan Apartment 8.13m into kitchen x 4.47m plus door recess - Lounge/Dining area has a glazed roof atrium and remote controlled Velux windows.
Focal point electric fire, intercom, night storage heaters and laminate flooring. Kitchen Area Range of base, wall and drawer units complemented by work tops and matching upstands.
Sink and drainer, oven, electric hob with splash back and hood over. Washer/dryer, integrated fridge and freezer. Hot water tank cupboard. Bedroom Area Double bed and feature glazed partition.
Bathroom Shower over bath, basin and wc. Tiled splash backs, towel warmer and vinyl flooring. Agents Note Apartment sold as seen minus vendors personal items.
The property lies within the Looe conservation area and has no council tax band listed as used as a holiday let.
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
Agent & docs
FAQ
About Fore Street, East Looe, Looe, Cornwall, PL13
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