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See how verdicts work2-bedroom terraced house · PL13 1NX
For saleListed 148 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Old School House is a historic two-bedroom stone cottage, formerly a village schoolhouse dating back to the 1700s, and is now offered to the market with no onward chain and for the first time in forty one years.
Ideally positioned in a semi-rural setting in St Martin, the property is just a short drive from the popular coastal town of Looe.
The accommodation is arranged over two floors and briefly comprises a lounge, kitchen, utility area, and shower room on the ground floor, with two double bedrooms and a family bathroom on the first floor.
The property enjoys far-reaching countryside views to both the front and rear and benefits from flat, level gardens to the front and side.
The property is entered via the main front door, which opens into a hallway with access to the living room and stairs rising to the first floor.
The lounge is generously proportioned and full of character, featuring parquet flooring, exposed beams, an exposed stone wall, and a feature fireplace housing a log burner.
These traditional features continue through to the kitchen, which also showcases an exposed stone wall.
The kitchen is fitted with a range of wooden floor and wall-mounted units, complemented by contrasting worktops and a Rayburn stove.
The space also features tiled flooring, partially tiled walls, and splashbacks. The kitchen leads through to a useful utility area and a shower room.
The utility space benefits from an external door providing direct access to the patio and garden. The shower room comprises a shower, WC, and wash hand basin.
To the first floor, the landing provides access to all rooms. There are two double bedrooms, both well-proportioned and filled with natural light.
The principal bedroom benefits from storage and dual-aspect windows, while the second bedroom is slightly smaller yet still bright and inviting.
The family bathroom is fitted with a neutral suite comprising a bath, pedestal wash hand basin, and close-coupled WC.
Externally, the property boasts flat level gardens to the front and side and a patio area bordered with approximately 100 feet of stone-wall and planted with mature plants and shrubs.
The property also benefits from an external storage room. Location The property is situated in St Martin, just outside the main coastal town of Looe.
It is ideally positioned within easy reach of local amenities, including the shops and services of the Barbican area, as well as both primary and secondary schools, convenience stores, a bakery, and takeaway restaurants.
Looe itself offers a wide range of amenities, including a doctors’ surgery, opticians, independent shops, pubs, restaurants, cafés, a vibrant fishing harbour, and beaches at East and West Looe.
The town enjoys a strong community spirit alongside a thriving tourist industry throughout the year.
Transport links are excellent, with a nearby railway station providing connections to mainline services.
Newquay Airport is approximately 33 miles away, while Plymouth is within easy reach at around 20 miles. Property Information Tenure: Freehold Council Tax: Band C Services: Mains water and electricity.
Drainage is a shared septic tank Heating: Electric heating to a system of radiators Conservation Area: Yes EPC Rating: F Flood Risk: Very Low (Gov.uk Flood Mapping) Construction: Standard construction – stone and block Parking: Close by at the end of the garden
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
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FAQ
About The Old School House, St. Martin, Looe, Cornwall
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