We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom terraced house · PL28 8FU
For saleListed 62 days
Opportunity summary
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About
5 Porthmissen Close offers a fantastic opportunity to purchase a 40% share in an affordable home in Trevone which is subject to a local occupancy Section 106 Agreement.
Offering superbly presented living accommodation which features a 6.5m lounge/dining room with French doors to the garden, there is a also a beautifully equipped modern kitchen with built-in oven and hob.
Featuring a bedroom and cloakroom to the ground floor, there are 3 further bedrooms to the first floor, together with bathroom with the main bedroom enjoying wonderful panoramic countryside views at the rear.
With a landscaped garden at the rear of the property also has a superb purpose built garden room/studio offering great potential of a home office, gym or garden room.
Broadly the Section 106 Agreement means that a purchaser must demonstrate a local connection to the Parish of Padstow, St Merryn, St Eval, St Ervan & St Issey which means either: Being permanently resident for a continuous period of at least three years Or formerly resident for a continuous period of five years Or having a place of permanent work Or finally having connection through a close family member Ocean Housing will require all interested purchasers to complete an eligibility assessment to ensure that they are eligible for purchase under the Section 106 Agreement which can be applied for at :- A copy of the Section 106 Agreement detailing the requirements of the scheme in terms of local connection is held at our Padstow office for inspection by any interested purchaser.
Trevone Bay is located within 2 miles of Padstow, renowned for its excellent range of restaurants.
The village of Trevone boasts two beaches, Porthmissen's sandy beach ideal for families and the rocky beach, with its wealth of rock pools ideal for enjoying lazy days on the beach.
The coastline of Trevone is dominated by the natural Blow Hole. The village boasts a beach stores, Church, local pub and beach café.
The surrounding area has been designated an area of outstanding natural beauty.
The championship golf course of Trevose was bestowed with the honour of hosting the 2008 English Amateur Strokeplay competition is located within approximately two and a half miles.
Sailing and Watersports : The Camel Estuary is a well-established centre for watersports, including sailing and water skiing, boat charters are available from Padstow and craft can be moored in Padstow or launched from the Padstow Harbour Commissioner's slipway.
Restaurants : An excellent range of restaurants are located within Padstow, Rick Stein's renowned Seafood Restaurant and Paul Ainsworth's Michelin starred restaurant No.6 are complemented by a range of restaurants to suit all budgets.
Travel by Train: Bodmin Parkway station, approximately 27 miles distant, offers regular links direct to London Paddington.
Travel by Air : Newquay Airport is located within 9 miles, and offers a number of national and international flights.
ACCOMMODATION WITH ALL MEASUREMENTS BEING APPROXIMATE: HALF DOUBLE GLAZED FRONT DOOR OPENING TO: ENTRANCE HALL Stairs to first floor, radiator, large cloaks cupboard.
CLOAKROOM Low flush WC and wash hand basin with vanity unit under, radiator, extractor fan.
LOUNGE/DINING ROOM - 6.5m x 3.8m (21'3" x 12'5") Two double glazed windows in UPVC frame to rear, together with French doors opening to the garden, two radiators, understairs cupboard, television point.
KITCHEN - 5.5m x 2.2m (18'0" x 7'2") Double glazed window in UPVC frame to front, base cupboards with worktops over and wall cupboards above, stainless steel sink unit, space and plumbing for washing machine and dishwasher, integral electric oven, four ring hob with extractor fan above, space and power for fridge, breakfast bar, radiator, tiled floor.
GROUND FLOOR BEDROOM - 3.2m x 2.4m (10'5" x 7'10") (plus wardrobe recess) Double glazed window in UPVC frame to front, radiator. STAIRS TO FIRST FLOOR LANDING Airing cupboard, radiator.
BEDROOM ONE - 4.4m x 3.8m (14'5" x 12'5") extending to 6.4m (20'11) Double glazed window in UPVC frame to rear, framing panoramic countryside views.
BEDROOM TWO - 4.1m x 2.8m (13'5" x 9'2") With Velux window and eaves cupboard.
BEDROOM THREE - 3.2m x 2.3m (10'5" x 7'6") Double glazed window in UPVC frame to front BATHROOM Bathroom suite comprising panelled bath with glazed shower screen, pedestal wash hand basin, low flush WC, Velux window, radiator.
OUTSIDE There is a patio immediately at the rear enjoying sea views on one side with a timber built deck which wraps around the garden room which in turn has steps down to further decking/seating area.
GARDEN ROOM/STUDIO - 3.8m x 2.4m (12'5" x 7'10") Dual aspect with double glazed window in UPVC frame to front and side, together with French doors. Attached is a useful garden store shed.
PARKING Allocated parking to the front, together with visitor spaces. TENURE LEASEHOLD - 89 years remaining on a 99 year lease.
MONTHLY RENTAL £545.95 GROUND RENT Approximately £120.00 per year COUNCIL TAX BAND D WHAT 3 WORDS pencil.bloom.frames
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.
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