1-bedroom flat · TR26 1HP
Listing removedListed 102 daysAuction 28 Jul · ended
Opportunity summary
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About
Strapline Auction Sale - 28/07/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website.
- A one bedroom flat, well located for the local amenities of St Ives, benefitting from a new 999 year lease on completion and a storage shed, in need of some modernisation throughout.
Vacant Description One bedroom flat Well located for the local amenities of St Ives. Benefitting from a new 999 year lease and a storage shed. In need of some modernisation throughout.
Vacant EPC rating D. Location St Ives is a coastal town in west Cornwall known for its harbour, sandy beaches, art galleries and tourism economy.
Virgin Street is in the historic harbour quarter of St Ives, centred around narrow cobbled streets, beaches, cafés, pubs, galleries and small independent shops, most of which are in close proximity.
The area has direct access to Porthmeor, Porthgwidden and Harbour beaches, supporting activities such as surfing, swimming, paddleboarding and coastal walking.
Recreational amenities also include access to the South West Coast Path, boat trips, fishing and cultural attractions including Tate St Ives. Transport St Ives - gwr
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 12, Cornwall
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