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 work4-bedroom house · PL22 0QQ
For saleListed 309 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very stylish four bedroom detached property with superb river views and large decked area overlooking the river. Gardens to front and rear, driveway parking and large garage.
Recently updated by the current owners. The Location Lerryn is a beautiful waterside village situated upstream from Fowey town and harbour.
The village has its own pub, shop, and primary school and is approximately 3 miles from the historic Stannary town of Lostwithiel.
Formerly the ancient capital of Cornwall, Lostwithiel has a good range of small shops and business catering for most day to day needs, community centre/sports hall, main line railway station and golf course.
The pretty harbour town of Fowey is one of Cornwall's most historical and unspoilt sea ports renowned for it's safe deep water anchorage and sailing - a haven for sailors with sailing and yacht clubs, and regular racing during Summer months.
The larger towns of Bodmin, Liskeard and St. Austell are all under a 30 minute drive away.
The nearby A30 and A38 provide access to the motorway network and Newquay Airport provides regular flights to London and various European destinations.
The Property Waters Reach is a beautiful 4 bedroom detached house with gardens, garage and driveway parking.
The south facing rooms which include the principal bedroom, kitchen/dining room and drawing room all have fantastic views over the creek.
The accommodation is contemporary in style and creates chic living space throughout the property.
The current owners have undertaken an extensive refurbishment of the property including replacement bathrooms, new decking, upgrading flooring and decoration throughout, new galvanised steps to the side of the property and extensive works to the garden.
Fitted with high quality fixtures and fittings, including beautiful Mandarin Stone tiles and wooden flooring, the property would suit as a elegant family home, or luxurious second home.
The accommodation is well laid out with a good sized kitchen which has space for a large dining room table.
Both the kitchen and drawing room have access to the large south facing decked terrace offering a fabulous space for outdoor living and entertaining.
There are 4 fabulously appointed bedrooms, 3 with ensuite facilities, and a family bathroom with beautiful tin bath.
To the front of the property is a level and private lawn area, and to the rear are landscaped terraced gardens with superb views over the water.
There is also parking for 2/3 cars and a garage/boat store under the house.
Accommodation (approximate measurements shown on floorplan) *Entrance Hall *Drawing Room (leading to south facing deck) *Kitchen/dining room (leading to south facing deck) *Family room/Study *Utility room *Storage cupboard *Cloakroom/WC *Principal bedroom with en-suite bathroom *Three further bedrooms (two en-suite) *Family Bathroom Outside Waters Reach benefits from a driveway to the front, with parking for several cars and a large garage.
Steps lead from the driveway to a level area of lawn to the front of the house.
Steps lead up to the large decked area with glass balustrade, a fabulous area to catch the sun and overlook the river and village.
Steps at the side of the garage lead up to a paved, side patio area, with upgraded outside shower, useful for muddy dogs or children! Double doors from this patio open to the family room/study.
Newly installed galvanised steps lead up to the terraced rear garden, which has two lovely paved terraces with views to the river, and number of mature trees and shrubs, a gardeners delight!
Epc Rating D Freehold Council Tax Band - F Services Mains water, drainage and electricity. Broadband available. Oil fired central heating.
None of the services, systems or appliances at the property have been tested by the agents Local Authority Cornwall Council, 39 Penwinnick Road, St Austell PL25 5DR Viewing Strictly by appointment with the Owners Agents: May, Whetter & Grose, Estuary House, Fore Street, Fowey, Cornwall.
PL23 1AH Tel: Agents Note Access to the property is over a road owned by neighbouring properties, please ask for further information.
There is planning permission for a summerhouse in the back garden - PA23/09646 | Erection of summerhouse | Waters Reach Lerryn Lostwithiel Cornwall PL22 0QQ
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About Waters Reach,, Lerryn
Explore nearby