We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · TR16 4DQ
Listing removedReduced £13k (−3.8%) on 9 JulListed 197 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Quietly situated on a private road, this spacious two bedroom detached bungalow is offered to the market with no onward chain in the village of Illogan.
Excellent access is available to a wide range of amenities to include local shops, Post Office, Doctors Surgeries, Public Houses and also to Tehidy Country Park and the beaches of the north coast.
Internally there is a fitted kitchen, separate utility room, dining room, a large lounge, two double bedrooms with the master bedroom en-suite and a bathroom.
The property has been well cared for but would benefit from cosmetic updating. Externally there is driveway parking leading to a garage with a front lawned garden and paved patio.
There is also a rear garden which is lawned with rear access to the garage. Freehold property. Council tax band D. EPC C.
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.
Area
Agent & docs
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FAQ
About 3 Golden Meadow,, Richards Lane, Redruth
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