Modern Method of Auction
Auction date not yet published
5-bedroom house · PL13 1HW
For saleReduced £20k (−6.9%) on 12 AugListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoy stunning views over looe river. Benefitting from a chain free sale this period terrace makes an ideal holiday let, second home or permanent move to East Looe.
Comprising five bedrooms, two receptions, kitchen, bathroom, shower room, hallway, vestibule, loft space and front terrace.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided.
The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional. 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.
Vestibule Period tiled floor Hallway Stairs to first floor, radiator and exposed floorboards. Dining Room 3.73m max x 3.45m - Open to kitchen and lounge.
Radiator, with understairs, alcove and fire place cupboards, hearth and exposed floorboards. Kitchen (4.01m x 2.9m) Velux window plus an obscure uPVC double glazed window and door to rear.
Range of base, wall and drawer units complemented by work tops. Sink and drainer with tiled splash backs. Washing machine, fridge/freezer, and a slim line dishwasher. Oven and gas hob with hood over.
Radiator and tile effect flooring. Lounge 3.63m into alcove x 3.6m - Double glazed uPVC French doors and windows to front. Enjoying an impressive vista over Looe River, bridge and the Millpool.
Focal point period fire place with hearth and mantle. Radiator and exposed floorboards. First Floor Half Landing Shower Room Obscure uPVC double glazed window. Walkin shower, basin unit and Wc.
Towel warmer, tiled splash backs and flooring. First Floor Landing Stairs to second floor and cupboards.
Bedroom Two (3.68m x 3.23m) Double glazed uPVC window to front with a breathtaking view over Looe River, bridge and the Millpool. Period door, picture rail, fire place and hearth.
Radiator and exposed floor boards. Bedroom Three (3.78m x 2.64m) Double glazed uPVC window to rear. Period door, wall mounted boiler, hot water tank cupboard and radiator.
Bedroom Five (2.64m x 1.75m) Double glazed uPVC window to the front enjoying an amazing aspect over Looe River, bridge, and the Millpool. Radiator and period picture rail.
Second Floor Half Landing Sky light and storage cupboard. Bathroom Sky light, shower over the bath, basin and Wc. Towel warmer, tiled splash backs and flooring.
Second Floor Landing Door to loft stairs. Bedroom One (3.7m x 3.56m) Double glazed uPVC window to front with stunning views over Looe River, bridge and the Millpool.
Storage cupboard and a walkin wardrobe. Radiator and exposed floorboards. Bedroom Four 3.76m into eave x 2.67m - Double glazed uPVC window to rear. Period door, feature roof timer and radiator.
Loft Space Velux windows to rear, radiator, light and power. Outside Shared front path with neighbour accessing property and right of access to the rear over the neighbours side path.
Paved front terrace making an ideal setting for al fresco dining to enjoy the holiday feel setting looking out to West Looe and river.
Value & comps
No previous sales on record.
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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 starting price
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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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FAQ
About Elmsview,, Shutta Road, Cornwall
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