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 bungalow · TR26 3HW
Listing removedReduced £15k (−11.1%) on 20 JunListed 235 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale by the modern method of auction is this two bedroom bungalow with full residential use situated on the outskirts of Carbis Bay.
The property is presented to a high standard and offers two double bedrooms, fitted kitchen, sitting/dining room and enjoys gas central heating, double glazing and a paved patio front garden.
There is a communal parking area the front of the property. Ideal for residential use, investment property or holiday home.
Property additional info auctioneers comment: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A buyer Information Pack is provided, which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by Agent/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.
These services are optional.
Double glazed door to: kitchen: 13' 0" x 5' 8" (3.96m x 1.73m) Double glazed window to front, range of matching wall and base kitchen units comprising of cupboards and drawers with work surface over, electric oven with four ring hob and extractor hood over, stainless steel single bowl sink unit with mixer tap and drainer, space for fridge, plumbing for washing machine, radiator (requires attention), wall mounted gas boiler, open shelves set in wall, wood flooring, inset spotlights.
Open doorway to: Living room: 15' 2" x 11' 3" (4.62m x 3.43m) Two double glazed windows to the rear, Velux window, open shelves set in wall, radiator (requires attention), wooden floor.
Open doorway to: Hallway: Leading to bathroom and bedroom one, double glazed window to the front.
Bathroom: Velux window, white suite comprising panelled bath with mixer tap and shower attachment, pedestal wash hand basin with tiled splashback, shaver socket and light, low level w.c., extractor fan, electric heated towel rail, wall light.
Bedroom one: 10' 8" x 9' 10" (3.25m x 3.00m) Double glazed window to the front, radiator, wooden floor, inset spotlights.
Bedroom two: 12' 0" x 9' 9" (3.66m x 2.97m) Double glazed window to the side, radiator, wooden floor.
Outside: To the front of the property the garden is laid to paving stones with fence border, garden shed. Services: Mains water, gas, electricity and drainage.
Agents note: We checked the phone signal with EE which was intermittent.We understand from Openreach that Superfast Fibre Broadband (fttc) should be available to the property.The property is constructed of block under a concrete tiled roof.The property is adjacent to an electric transformer.
Directional note: Via What3Words: ///plums.premature.graver Roof type: Concrete roof tiles. Mobile signal/coverage: Intermittent. Construction materials used: Brick and block.
Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (gas).
Broadband internet type: Fttc (fibre to the cabinet). Parking Availability: Yes.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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.
Area
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FAQ
About The Old Launderette, Laity Lane, St. Ives
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