2-bedroom house · PL26 6UQ
For saleReduced £20k (−6.9%) on 7 JulListed 395 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hunkin Homes are delighted to be able to offer to the market this deceptively spacious two double bedroom apartment with generous commercial space below in the heart of Mevagissey.
Part of a Grade II listed building, this duplex apartment also offers a generous kitchen diner, large living space, family bathroom and separate WC.
Upon entering the property, you are met by a spacious kitchen dining space with a range of fitted units and space for appliances, as well as plenty of space for a dining table and chairs.
This room also benefits from a built-in storage cupboard and window to the side, as well as a skylight above.
From here, a hallway leads through to the bathroom which has a bath with shower over, airing cupboard and a hand basin. Opposite this, there is a separate WC with hand basin.
The living space is a generous entertaining area with two sash windows to the front and a large under stairs storage cupboard. The upper floor houses the two double bedrooms.
To the front of the property is bedroom two, a double bedroom with dormer window overlooking the villages main street.
Returning to the landing there is another handy storage cupboard and a door leading to the master bedroom.
This generous double bedroom also benefits from a dormer window to the rear which overlooks the kitchens recently replaced flat roof.
The property is located extremely centrally making it a fantastic base for exploring. The property is just yards from a number of pubs and restaurants, local shops and the harbour itself.
Parking is available in a number of local car parks many of which offer weekly, monthly or annual tickets.
The vendors are also open to selling the property fully furnished should the purchaser wish (subject to separate negotiation) Up to 50% interest free private mortgage over a ten year term is available to a purchaser buying the whole property.
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
Agent & docs
FAQ
About 18 Fore Street, St. Austell
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