1-bedroom house · TR26 2DL
For saleReduced £125k (−25%) on 2 OctListed 166 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tregenna Steps studio is unique detached coastal residence, a real 'work of art' reflecting the philosophy St.Ives occupying an elevated position from where spectacular views are enjoyed over the town, harbour and bay.
Originally a humble studio space owned by the South African composer Priaulx Rainer who was part of the 50's artist scene in St.Ives and redesigned and constructed 1992-1995 by Matthew Robinson, a real labour of love utilising locally sourced natural materials.
Inside the accommodation is almost entirely open plan, just two sliding doors separate the vestibule and shower room from the living areas.
The Tower staircase is a central feature with glassed oculus that floods the staircase with light.
The open plan design is in 4 distinct areas, sitting room with vaulted ceiling and exposed roof trusses, plus roof widows, and arched windows with 2 pairs of French doors, enjoying stunning views, and a wood burning stove, a kitchen, a dining room and mezzanine bedroom with wood panelled balcony that gives a theatrical view of the sitting room, window offering magnificent sea and harbour views.
The property is entered off Tregenna steps via a quite unassuming timber gate that leads you into this creative masterpiece !
The partly walled landscaped gardens incorporate 'The Fish' by mosaic artist Mark Davidson.
This truly delightful 'one of a kind' property can only be appreciated by an internal inspection which will amaze and delight and a viewing at your earliest opportunity is advisable.
Value & comps
No previous sales on record.
Returns
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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 Tregenna Steps Studio,, Tregenna Terrace, Cornwall
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