Studio flat · PL23 1AR
For saleListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property comprises a Grade II Listed four-storey building, situated in a prominent position in the centre of Fowey. The ground floor features a retail unit with glazed frontage.
A front first floor office office has potential as quasiretail\gallery\studio use.
The rear first floor, with an additional rear entrance, comprises a reception room and shower-room, the second floor offers further residential accommodation with additional space within the loft.
A former Merchant House dating back to the 17th Century, the property retains many original period features, including garderobes and period staircases.
Its versatile layout offers potential for a variety of uses, including residential, retail, or hospitality, subject to the necessary consents.
Location Fowey is regarded as one of the most attractive waterside communities in the county.
It is a popular sailing centre and tourist town, providing a good range of shops and businesses, catering for most day-to-day needs.
The immediate area is surrounded by many miles of delightful coast and countryside, much of which is in the ownership of the National Trust.
Award-winning restaurants, small boutique hotels and excellent public houses have helped to establish Fowey as a popular, high quality destination.
Accommodation Areas are approximate Ground Floor Shop Depth - 9.93m Shop Width - 2.89m widening to 3.75m Net Area - 35.40 sq m (381 sq ft) - taken from voa website First Floor Front Room - 12.51 sq m (135 sq ft) Store - 1.10 sq m (12 sq ft) Rear Store Room - 14.69 sq m (158 sq ft) Shower Room Not Measured Second Floor Kitchen Area - 13.73 sq m (148 sq ft) Mid Area - 4.60 sq m (50 sq ft) Living Space - 19.88 sq m (214 sq ft) Attic - 39.60 sq m (426 sq ft) Total Area - 141.5 sq m (1,524 sq ft) Attic Price Freehold with vacant possession.
Guide Price - £250,000 Business Rates & Council Tax Tenants are responsible for business rates.
Prospective tenants should make their own enquiries with Cornwall Council to confirm rates payable and any small business rate relief or discounts available.
Ground Floor - 9A South Street Shop & Premises - Rateable value - £6,500 First Floor - 9B South Street - Rateable Value - £940 The Coggery, 9 South Street - Council Tax – Band B Vat To be confirmed.
Epc - B Viewings Viewing strictly by appointment the joint selling agents.
May Whetter and Grose, 23 Fore Street, Fowey, PL23 1AH sbc Property, Daniell House, Falmouth Road, Truro, TR1 2HX - Barney Peters Francesca Williams Joint Sole Agents Sbc Property Daniell House Falmouth Road Truro Cornwall TR1 2HX Barney Peters
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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FAQ
About No 9, South Street, Fowey
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