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 work5-bedroom house · PL26 6UG
Listing removedReduced £40k (−16.7%) on 20 JunListed 443 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
1/2, River Terrace Mevagissey, st austell PL26 6UG We are acting in the sale of the above property and have received an offer of £ 235,000 on the above property.
Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.
Upon entering the property, you are greeted by the spacious and characterful living dining room, with wood sash windows to the front, wooden flooring and wood beams.
Offering plenty of space for a large dining table and chairs to one end and a comfortable living area to the other, this room makes for a fantastic entertaining space for guests.
The kitchen is located off of here and offers a large window to the front, as well as a range of fitted units and space for appliances.
On the first floor there are three bedrooms, two of which have en-suite facilities. The first bedroom is a large single or small double bedroom.
This room benefits from a shower room en-suite, with WC and hand basin, and a sash window overlooking the village.
The middle room could be used as a single bedroom or alternatively would work well as an office space. This room also offers a window overlooking the village and double doors leading to the hall.
The next bedroom is a double, with sash window to the front and a shower room en-suite, with WC and hand basin. On the top floor there are two further bedrooms and a spacious family bathroom.
The first bedroom on this floor is a further large single or small double with two built in cupboard spaces and a window offering elevated views over the village.
The generous family bathroom offers a roll top bath, WC and hand basin, as well as a large over stairs storage cupboard.
The final bedroom is a further large single with a range of built in wardrobes and further elevated views of the village.
Outside, the property offers a low maintenance garden mainly laid to natural slate paving with a few raised beds.
There is also a useful outbuilding building in the garden that offers studio style accommodation if required or work from home office.
All of this is located just yards from the centre of the village and its amenities making this property ideal for both living and potential letting.
Parking is available via permit at the two main village carparks and the road through the village is just a short distance from the property making it ideal for drop off and collections Lounge/Dining Room 6.37m x 2.72m (20' 11" x 8' 11") With open beamed ceilings, two windows to the front, doorway leading to the stairs leading to the first floor.
Kitchen 3.54m x 3.37m (11' 7" x 11' 1") With window to the front, open beamed ceilings. Fitted with a range of wood fronted units.
Bedroom 1 3.64m x 2.21m (11' 11" x 7' 3") Window to the front with outlook over the central village area, door to the en suite shower room En Suite Shower Room 1 Fitted with a shower cubicle and electric shower, low level W.C.
Wash hand basin. Bedroom 5/Office 2.67m x 1.97m (8' 9" x 6' 6") With window to the front, with double small paned doors.
Bedroom 2 3.67m x 3.45m (12' 0" x 11' 4") Window to the front, door to the en suite. En Suite Shower Room 2 Fitted with a shower cubicle and electric shower, low level W.C. Wash hand basin.
Landing With stairs to the second floor. Bedroom 1 3.58m x 3.06m (11' 9" x 10' 0") Window to the front. Bathroom With a white three piece suite.
Bedroom 2 3.87m x 2.51m (12' 8" x 8' 3") Window to the front.
Outside The garden is situated to the front of the property and comprises of a natural slate courtyard area with plenty of room for outdoor entertaining.
There is also a very useful outbuilding, suitable for storage and office if required.
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.
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About 1/2, River Terrace, Mevagissey, ST AUSTELL
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