2-bedroom flat · PL13 1LU
For saleListed today
Opportunity summary
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About
Flat with River Views. A ground floor apartment currently used as a holiday let, about 600 yards from the picturesque harbour and beach in the heart of the Cornish Riviera.
About 491 sq ft, 20' Open Plan Living Room/Kitchen, 2 Bedrooms, Shower/WC.
HARBOUR & BEACH 600 YARDS, PLYMOUTH 22 MILES Location - Within 600 yards of the sandy beach, Banjo Pier and bustling harbourside, the numerous amenities of the thriving small town of East Looe lie only a short stroll from the property.
The town of Looe straddles the wide river with its long bridge and stone harbourside which remains important today as a commercial fishing facility, thriving tourist industry and popular with boating enthusiasts.
There are many properties on both sides of the river providing a wide range of shopping and community facilities, together with awarding winning restaurants.
On the edge of the town is a branch line railway which links with the mainline at Liskeard (Plymouth to London Paddington 3 hours).
The coastline either side of Looe is beautiful and unspoilt, easily accessible via the South West Coast Path and there are substantial areas in the ownership of the National Trust.
There are excellent bathing beaches and a wide network of footpaths and bridleways in the vicinity.
The nearby town of Saltash has a Waitrose store on its northern outskirts and the City of Plymouth lies within commuting distance, having an extensive and historic waterfront together with an excellent range of shopping, educational and recreational facilities.
Description - The ground floor apartment has a south aspect with views towards the Looe Estuary.
Our client currently uses the property as a successful holiday let however the apartment will equally suit owner occupation or a private second home.
The gardens are communal however this apartment does benefit from direct access to the level lawn and timber decked terrace. The property has full double glazing.
Tenure - Leasehold - 120 years from September 1985. Ground rent £50. Service/Maintenance Charge £522.22 including the ground rent.
Directions - Using Sat Nav - Postcode PL13 1LU Epc Rating - E, Council Tax Band - A - SERVICES - Mains water, electricity and drainage.
Value & comps
No previous sales on record.
Returns
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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.
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About Berkeley Court, Shutta, Looe
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