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See how verdicts work6-bedroom house · TR26 2GT
Listing removedListed 194 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located just a short distance from St Ives town centre is this impressive three storey, six-bedroom residence with beautiful, vaulted ceiling, mezzanine level, garden and two garages.
Mermaid House is arranged over multiple levels and offers a spacious and versatile layout.
The property features six generously sized bedrooms, two of which benefit from ensuite bathrooms, along with built-in storage in one of the ground floor rooms.
The main living area is bright and airy, providing ample space for both relaxing and dining.
Patio doors open onto a private patio, creating the perfect setting for alfresco dining, entertaining, or enjoying the sunshine.
The kitchen is well-equipped with a breakfast bar and has direct access to the garden.
On the upper levels, the home boasts an impressive open-plan living space enhanced by a vaulted ceiling, feature fireplace, and large windows that flood the area with natural light.
A wooden staircase leads to a cleverly designed mezzanine level, currently used as a sleeping area.
The property also includes a large, fully tiled family bathroom with twin sinks and a jacuzzi bathtub.
Material Information: Directions: Whatthreewords:///patrol.looms.mash Tenure: Freehold Services: Mains electric, gas & water. Drainage is a septic tank. Heating: Gas central heating.
Council tax: Band C & D with Cornwall Council. Parking: Driveway and garages. Mining: Metalliferous mining search conducted in 2023.
Notes/restrictions: The property was previously split into two apartments under the same title so has two Council tax bands.
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.
Area
Agent & docs
FAQ
About Mermaid House,, Higher Stennack, Cornwall
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