4-bedroom detached house · PL13 1LB
Listing removedReduced £20k (−4%) on 20 JunListed 565 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Substantial detached coastal residence located in a highly regarded area of Looe, enjoying wonderful sea views.
Seymour Flats presents an opportunity for someone looking for a home with an established income or multi-generational living.
Arranged as two self-contained flats, the property also has approved planning permission to be converted into one dwelling.
Situated on a level, corner plot the property boasts a substantial driveway, providing plenty of private parking, a detached double garage, lawned gardens to the front and side aspect and a charming sun terrace to the rear which is private, creating the perfect outside space to apportion to the top floor flat.
At present the top floor flat is a thriving holiday let, however the property does offer the potential to be turned into one large dwelling.
Location Located in the popular residential area of Listowel Drive, the property is within reach of the shops, schools and amenities available on the Barbican.
Plaidy Beach is a short walk away from the property, in the other direction you will find the popular Wooldown Fields, which in turn leads to the South West Coastal Path that takes you into the heart of Looe.
Within the town you will find a range of boutique shops, restaurants, traditional Cornish pubs and more.
There are also good transport links, with a Train Station providing services to Plymouth, Exeter and London Paddington. Material Information Tenure - Freehold with individual leases for each flat.
Both leases are 125years from 14/08/2009. Local Authority - Cornwall Council, Council Tax Band - C. Business rates for the holiday let flat, which currently receives small business relief.
Utilities - Mains water, gas, electric and sewerage.
Parking - Private driveway and garage, Rights & Restrictions - Property is located on Private Road, our vendors understand there is no annual fees towards this.
Construction - Standard, Planning - Proposed conversion from 2 flats to 1 dwelling and associated works, see application PA25/06558 What3Words ///edicts.blatantly.export
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
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FAQ
About Seymour Flats,, Seymour Flats, Looe
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