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See how verdicts work5-bedroom detached house · TR20 9EN
For saleListed 63 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A particularly interesting and versatile property, 1 & 2 Thatched Cottages comprise two adjoining traditional thatched cottages being sold together, offering a layout that could work exceptionally well for multi-generational living, two families purchasing together, or for an owner looking to live in one cottage whilst letting the other.
Importantly, the cottages remain two entirely separate properties, each with its own utilities and independent accommodation.
However, there is an existing internal opening at first-floor level connecting the two, allowing them to be used comfortably as one larger home if required.
Together, the cottages provide approximately 1,196 sq ft of accommodation, with each side having its own kitchen and living space.
Across the two properties there are four bedrooms, two bathrooms, two kitchens, two living rooms and a further study, providing plenty of flexibility in how the accommodation is used.
Externally, the cottages have enormous charm, with their traditional thatched roof and gorgeous established gardens creating a particularly attractive setting.
Internally, the properties are now in need of modernisation and updating, giving a new owner the opportunity to improve the accommodation to their own taste whilst retaining the character and individuality of the cottages.
The real appeal here is the flexibility.
They could continue to operate as two independent homes, provide an excellent arrangement for multi-generational living, offer the possibility of living in one and generating an income from the other, or be used together to create one substantial character home.
A very unusual property offering two homes, considerable flexibility and beautiful gardens, all beneath a traditional thatched roof. Relubbus is a hamlet in the parish of St Hilary, west Cornwall.
A short distance to the village of Goldsithney with its local shop, public houses and community centres. The property is also in the St. Hilary school catchment area.
The nearby main town of Penzance has all major amenities, bus and rail links.
Number 1 1/2 Glazed front door into: Entrance Hall Stairs rising, door to understairs storage cupboard.
Sliding door into: Small Kitchen 2.44m x 1.78m Sash window to front, worktop surface, sink and drainer, space for electric cooker, and fridge freezer. Tiled splash, and power points.
Lounge 4.27m" x 3.56m - 2 Generous windows to rear, pretty view of the garden. Night storage heater. Power points. Door to rear porch. 1/2 Glazed door to rear garden.
Stairs to First Floor Landing Window to front. Bedroom 1 3.4m x 2.72m Dual aspect window to side and rear, access to loft space, power points.
Bedroom 2 2.95m x 2.6m Window to rear, night storage heater, power point, door through to number 2. Bathroom 2.6m x 1.45m Window to front, w/c, bath, wash hand basin.
Number 2 1/2 Glazed door to: Kitchen 2.95m x 2.46m Tiled floor. Window to front.
Fitted kitchen with range of cupboards with worktops over, space for washing machine, electric cooker, sink and drainer, tiled splash, stairs rising.
Lounge 3.18m x 4.04m 2 Large windows to rear. Inglenook fireplace with woodburner inset on slate hearth with exposed lintel over (back boiler). Night storage heater, door to rear porch.
1/2 Glazed door to garden. Reception Room 2 2.92m x 2.54m Window to side, 1/2 Glazed stable door to garden, night storage heater.
Reception Room 3/Bedroom 4 2.9m x 2.64m Night storage heaters, window to side. Stairs to First Floor Landing Window to front.
Bathroom 2.36m x 1.52m Extractor fan, bath, wash hand basin, w/c, tiled splash.
Bedroom 1 3.28m x 3.2m Window to rear, night storage heater, access to loft, fitted wardrobes, power points.
Outside Off road parking for one car with gate access onto a well-stocked established garden with a variety of mature trees, and shrubs. There is a hedge marking the boundary.
Sections of lawn and paths, shed, paved to rear door. There is a gate leading into the garden for number 1. A large garden which is well-stocked with lawn and seating areas.
Hedge marking the boundary. There is a second parking space for a small car to the side of cottage 2. Granite Outbuilding 3.07m x 2.06m Power.
Summer House 4.62m x 2.54m Large, insulated. Outside (number 2) Deceptively large garden with pathways and hidden corners. Greenhouse.
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.
Area
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FAQ
About 2, Thatched Cottages, Relubbus, TR20
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