3-bedroom bungalow · PL17 8AE
Sold STCListed 114 days
Opportunity summary
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About
An opportunity to purchase a detached bungalow set within approximately 5 acres of gardens and land which requires improvement but has great potential!
However, between 2011 and 2014 the vendors have advised that the property was rewired, replumbed, replastered, had replacement windows, remodeled kitchen, new LPG central heating, woodwork and doors replaced with solid oak and floors laid with porcelain tiles.
The property is accessed via the open Porch, where the entrance door opens into the Hallway.
The large Lounge has sliding patio doors to the front and a window to the side, Multi fuel stove and ample room for reception furniture.
The spacious Kitchen/Dining room is fitted with a range of high quality wall and base units, roll top work surfaces with matching splashbacks and drawer space.
There is an eye level double oven/grill, recessed area suitable for an over sized fridge/freezer, five ring Induction Electric hob and encased window facing to the rear and under unit space and plumbing for a dishwasher.
There is also an island matching to the kitchen with a Breakfast bar area. At the dining end there is a Multi fuel stove finished in Cornish granite and French patio doors give access to the rear.
The Master Bedroom is a double bedroom, facing to the rear, with a radiator. Bedroom 2 is also a double bedroom facing to the front, with radiator. Bedroom 3 faces to the front, with a radiator.
The Bathroom comprises of a low level WC, Spa bath with Victorian style shower head. There is a separate, double sized shower cubicle with enclosing screens and door, shower head and tray.
Vanity unit with a stone circular wash hand basin with tap over and cabinets below.
Part tiling to the walls, shaver point, frosted window facing to the rear and a cupboard with sliding doors, housing the central heating and hot water boiler.
From the Kitchen/Dining room there is a further door which leads out to a passage way, a door providing access to the Garage.
The garage has power and light and at the rear there is a Utility area which has plumbing for a washing machine and space for a tumble dryer. There is also plumbing for a sink and a window.
There is also a toilet to the rear of the Garage. Outside: The property is accessed via a gateway and pedestrian gateway which opens up to a paved driveway.
To the front there is a paved patio area and the gardens are in need of some attention but mostly clearing.
To the rear again the garden is overgrown and in need of clearing but is a a blank canvass where countryside views can be enjoyed once completed.
There is a pathway leading down to the LPG tank and continues through to the land.
The gardens and land amount to approximately 5 acres and the land is divided into sections and includes a number of out buildings including poly tunnels, and workshops.
To the far side of the property lies a wooded area. The location would be equestrian enthusiasts haven being able to ride out from your own land. Services: Electric and water.
LPG gas heating and Septic tank drainage. Council Tax: According to Cornwall Council the Tax Band is E Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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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