1-bedroom house · TR18 5JX
For saleReduced £5k (−2.6%) on 6 OctListed 434 days
Opportunity summary
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About
A chance to acquire a charming one bedroom terrace cottage, located in a quiet, traffic free location within the centre of Newlyn and therefore conveniently placed for most amenities.
The property has well proportioned living accommodation with much charm and character throughout, making an ideal first time buying, investment or holiday home.
Franwill Cottages is a small pedestrian area of Newlyn, although just across the way from St Peter's carpark and within close walking distance of most amenities.
3 Franwill Cottages is certainly a good example of a former fisherman's cottage and we recommend an early appointment.
Property additional info Double glazed stable entrance door to: Living room: 16' 3" x 11' 4" (4.95m x 3.45m) Exposed granite fireplace with log burner set on a slate hearth, exposed floorboards, beamed ceiling, TV point, understairs storage cupboard, double glazed sliding sash window to front, electric radiator.
Kitchen: 7' 5" x 6' 0" (2.26m x 1.83m) Stainless steel inset single drainer sink unit with cupboards below, wall and base units, worksurfaces, plumbing for washing machine, tiled flooring, door to courtyard.
Stairs from living room to: First floor bedroom: 14' 0" x 11' 3" (4.27m x 3.43m) Exposed granite fireplace, exposed floorboards, double glazing sliding sash window to front with sea views over Mount's Bay, access to roof space.
Shower room: White suite comprising shower cubicle, pedestal wash hand basin, low level WC, exposed floorboards, double glazed sliding sash window.
Outside: To the rear of the property is an enclosed courtyard with a storage area and rear pedestrian access.
To the front of the property is a walkway which leads to a footpath down to the village and easy access to St Peter's Hill carpark. Services: Mains water, electricity and drainage.
Directions: Via "What3Words" app: ///bigger.aliens.dent agents note: We understand from Openreach website that Full Fibre Broadband (FTTP) is available to the property.
We tested the mobile signal for Vodafone which was good. The property is constructed granite under a slate roof. Mobile signal/coverage: Good. Water source: Direct mains water.
Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (electric). Broadband internet type: FTTP (fibre to the premises).
Parking Availability: No.
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 3 Franwill Cottages, Church Street, Newlyn
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