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See how verdicts work4-bedroom house · PL29 3RQ
No longer listedReduced £20k (−2.2%) on 20 JunListed 246 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Property Taking its name from the village leat that runs alongside the house, Leat House retains a wealth of original features, including Delabole slate flooring, exposed wooden beams, and classic sash windows, and currently serves as a private holiday home.
Leat House is a charming four-bedroom stone property, ideally located just moments from the harbour.
Rich in period features with comfortable and characterful coastal interiors, the property offers well-proportioned and spacious accommodation.
The ground floor includes an open-plan kitchen and dining area with an electric aga, a separate sitting room, a large porch used as an art studio, an additional tv snug/games room, and a utility room.
Arranged over three floors, the first floor comprises three double bedrooms, two of which enjoy views over the garden, and a family bathroom.
The top floor features a very spacious double bedroom with vaulted ceilings, roof lights and an en-suite bathroom.
Accommodation ground floor: Open-plan kitchen/dining room | Sitting room | Glazed Porch | Snug / Games room | Utility room | WC first floor: Three double bedrooms | Family bathroom second floor: Double bedroom with en-suite shower room Outside Accessed from both Church Hill and Middle Street, the property features an enclosed low-maintenance gravel garden with a sunny patio area, mature shrubs, and convenient off-road parking for two vehicles.
Two additional outbuildings provide valuable storage space.
Location Port Isaac is a popular holiday destination and residential village in North Cornwall, famed for its historic fishing harbour, quaint winding streets and scenic coastal walks.
Nearby, in Rock and Daymer Bay, conditions are ideal for sailing, water-skiing, and windsurfing, as well as the renowned St Enodoc Golf Club offering two excellent 18-hole courses.
Port Isaac has several good places to eat and drink, all within walking distance, including 2 of Nathan Outlaws eateries.
Locally there are also a wealth of excellent restaurants and pubs including The Port Gaverne Hotel and Pilchards, as well as Rick Stein’s Seafood Restaurant and Paul Ainsworth’s No. 6 over in Padstow.
The ferry and water taxi in Rock make travelling to Padstow both enjoyable and easy.
Most everyday shopping requirements can be met in Port Isaac but the market town of Wadebridge, with an inspiring collection of independent shops, is only about 8 miles distant.
The main line railway station is at Bodmin Parkway, approximately 17 miles and Newquay airport approximately 20 miles. What3words ///apparatus.cheering.inflates Water source: Direct mains water.
Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Oil central heating.
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.
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