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See how verdicts work2-bedroom flat · PL13 1BD
Sold STCReduced £10k (−4.3%) on 27 OctListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TOP FLOOR FLAT WITH BREATHTAKING RIVER VIEWS. Located on the second floor flat in block of three. Presented to a high standard, enjoying views both over Looe town and river.
The property comprises; stairway, open plan lounge/diner/kitchen, hallway, shower room and two double bedrooms. Benefitting from 1/3 share of freehold, under floor heating, owners garden and garage.
The seaside holiday town of Looe is located in an Area of Great Landscape Value. The Property is situated in the centre of Looe in an elevated setting enjoying impressive river views.
Looe keeps visitors entertained all year round whilst still retaining a working fishing port.
Stand on the quayside in the evening and watch the boats return before dining on fresh fish in a local restaurant.
The town prides itself on its fresh fish, and be it award winning fish and chips near the river or gourmet menus in smart restaurants overlooking the harbour, you know you won't be disappointed.
To work off a fine meal, Looe is a great place for walking as the South West Coast Path passes through the town, plus there are countless walks through the town to explore the historic narrow streets or along the two rivers into the surrounding beautiful countryside.
For children, a safe sandy beach with rock pools offers hours of free fun, and should you wish why not try a fishing trip or there's always crabbing from the quayside.
Looe straddles both sides of Looe River with its historic bridge & stone harbour side, with a thriving tourist industry, popular with boating & sea fishing enthusiasts.
There are a wide range of shopping, Tourist attractions & community facilities.
On the edge of the town just a short stroll is Looe station which links with the main line at Liskeard station with onward services to London. Communal Entrance Stairs to owners flat.
Owners Flat Entrance stairway. Lounge/Diner/Kitchen 7.42m to chimney breast x 5.6m narrowing to 3.7m - Dual apsect open plan room with uPVC double glazed windows and door to rear.
Enjoying a stunning view over Looe town and river. Contemporary wall mounted electric fire, engineered flooring. Storage cupboard.
The Kitchen area boasts a range of base and drawer units complemented by quartz worktops. Sink and drainer, breakfast bar and wine cooler. Integrated Slim line dishwasher, fridge and freezer.
Electric double ovens one microwave, induction hob with extractor over. Hallway Loft access, space for washer/dryer with shelving above and engineered flooring.
Bedroom One 2.87m x 3.76m Double glazed uPVC window to front enjoying an impressive vista over Looe town and river. Built in wardrobes and engineered flooring.
Bedroom Two 2.72m x 3m Double glazed uPVC window to rear. Wardrobe recess and engineered flooring. Shower Room Obscure uPVC double glazed window. Shower cubicle, basin and wc.
Tile splash backs, flooring with under floor heating. Outside To the rear is the owners air source heat pump and the unregistered walkway leading off to the garden.
Communal path and steps up to owners garden which is arranged to lawn and mulch terraces with tree borders.
Benefitting from a BBQ area laid to chippings, decked terrace to take in the stunning vista, making an ideal setting for alfresco dining. Workshop/garden shed with light and power.
Further communal steps down to garage and communal front access. Garage 4.47m x 3.56m Up and over garage door.
Agents Note There are no rights of way over the unregistered piece of land between the property and the garden area to the rear.
Vendors inform they removed a non loading bearing wall at the top of stairs to open room up. Also informed a previous owner had moved the owners front door to the bottom of the stairs.
The Lease states no holiday letting.
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
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FAQ
About Barbican Hill, Looe, Cornwall, PL13
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