2-bedroom semi-detached house · PL13 2PH
Sold STCListed 180 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION 27 Goonrea is situated in a popular residential area of West Looe, within easy walking distance of East Looe and its wide range of local amenities.
These include shops, takeaways, well-regarded primary and secondary schools, as well as a selection of cafés, bars, and restaurants.
The town centres around a thriving commercial fishing harbour and enjoys a vibrant tourist scene, complemented by a stunning sandy beach. The property has recently been repainted externally.
PROPERTY Entrance is gained via a spacious porch to the side of the property, leading through the front door and up a split flight of stairs to the first floor.
The hallway provides access to the kitchen, a bathroom, and a bright lounge featuring a large window that allows for an abundance of natural light.
The bathroom is fitted with a bath, pedestal wash hand basin and WC, and retains a characterful pink suite. There are two bedrooms, both enjoying lovely views over the river.
The main bedroom is a particularly light and airy room, benefitting from built-in wardrobes with additional storage above, and also overlooks a small rear garden.
The second bedroom provides access to an underfloor void, which has previously been utilised as a bedroom and includes an en-suite toilet.
Doors from this area also lead to further underfloor storage and provide access to the garage.
OUTSIDE The property benefits from a garage with an up-and-over door, along with lawned gardens to the side.
In addition, there is a small garden to the rear, accessed and enjoyed from the main bedroom, while the surrounding garden areas and elevated position make the most of the attractive river views.
PROPERTY INFORMATION Services: Mains water, drainage, gas & electricity. Windows: uPVC double glazed windows. Heating & Hot Water: Gas Central Heating with radiators.
Tenure - Freehold Council Tax Band - B EPC Rating - C. Flood Risk: Very Low (Gov.uk/flood risk) Construction: Timber & Block
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 27, Goonrea, West Looe, Cornwall
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