1-bedroom flat · PL13 2DD
For saleListed 10 days
Opportunity summary
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About
A Stunning Waterside Apartment with Exceptional River and Sea Views Enjoying an enviable elevated position overlooking the picturesque harbour town of Looe, 11 Harbourside is an appealing one-bedroom apartment forming part of a converted hotel comprising just 12 apartments.
The building benefits from both stair and lift access to all apartments, providing convenient access throughout.
The property enjoys spectacular, far-reaching views across the River Looe, the harbour, Banjo Pier and out to sea.
With East Looe providing a charming backdrop, the outlook from the living accommodation is a truly special feature, creating a wonderful setting in which to relax and enjoy the ever-changing coastal scenery.
The apartment offers well-proportioned accommodation, including a spacious entrance hallway, a good-sized double bedroom, a bathroom and an attractive open-plan kitchen, living and dining area.
The well-fitted kitchen complements the comfortable living space, while French doors open onto a Juliet balcony, allowing the stunning panoramic views to take centre stage.
Perfectly suited to couples seeking a coastal retreat, the property has enjoyed considerable success as a holiday let over the past ten years, generating a worthwhile income and presenting an excellent opportunity for buyers looking for an established holiday letting investment.
Equally, the apartment would make an appealing second home or a permanent residence for those wishing to embrace the charm and beauty of this sought-after Cornish harbour town.
Looe offers a wonderful blend of traditional seaside character, independent shops, restaurants, cafés and a working harbour, together with sandy beaches, coastal walks and opportunities to explore the surrounding Cornish coastline.
The town has plenty to offer throughout the year, making this an attractive prospect for both personal enjoyment and holiday letting.
Furniture may be included in the sale, subject to negotiation, offering the potential for a straightforward transition for those wishing to continue holiday letting.
With its exceptional outlook, established holiday letting history and desirable coastal setting, 11 Harbourside represents a rare opportunity to acquire a property where the views are very much part of the appeal.
Additional Property Information: Tenure - Leasehold. Lease Length - 999 years from 12/2005.
Ground Rent - £150 per annum / Service Charge & Insurance - £1600 pa Council Tax Band - Currently Business Rated EPC Rating - B. Services: Mains gas, electricity, water & drainage.
Heating: Gas boiler to a system of radiators. Windows: Fully Double glazed Flood Risk - Very Low.
Parking: There is no designated parking at the property but on road parking can be found by nearby or parking permits are available subject to application.
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 Flat 11, Harbour Side, Hannafore Road, Looe, Cornwall
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