3-bedroom house · PL29 3SR
Sold STCReduced £55k (−8.7%) on 29 MayListed 292 days
Opportunity summary
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About
Fern Cottage is a lovingly renovated 3 bedroom 2 bathroom cottage situated in an elevated position at Homer Park looking down across Port Isaac and out across the sea towards Tintagel.
Freehold, Council tax band D, EPC band D The property has two allocated parking spaces to the rear where there is gated access to the rear garden. The garden is fenced and has two levels.
The top level is put to lawn with a patio and hot tub which benefits from countryside and sea views. The more sheltered lower level is all paved and creates a nice seating area.
From here there is a gate round to the front of the property or access into the kitchen at the rear.
The property was renovated by the current vendors in 2017 and all presents very well and has not been a holiday let.
The interior woodwork is all painted sage green, the walls in a stone colour with white ceilings and spot lights throughout.
The front double glazed stable door leads into the large dining/sitting room and the immediate flooring is tiled with under floor heating.
The tiles continue into the utility room and back into the kitchen. There is engineered wood flooring to the dining and sitting room area, there are radiators to the sitting room and first floor.
This room is double aspect and has Roman Blinds to the windows.
A smart free standing log burner, very large inset wall hung TV and a lower ceiling with inset spot lights and two feature lights above the dining table all help make it a bright and cosy room.
The stairs lead up from the dining end where there are clever built in under stairs cupboards. The utility room has a sink, washing machine and tumble dryer with plenty of room to hang wet suits.
There is a cloakroom with a concealed cistern wc and handbasin set in a vanity unit. To the rear is a half glazed door to the kitchen which is also double aspect.
There is a fully fitted kitchen under granite work top, an integrated wine cooler, bin storage, electric Aga, integrated fridge freezer and dishwasher. The oil fired boiler is external.
The staircase leads up to a galleried landing with window looking across to open countryside.
To the front of the property is the master bedroom where from the bed you have views across Port Isaac and out to sea.
A fully glazed door leads out onto a good sized balcony with millboard decking where you can sit and enjoy the views from behind glazed panels.
The bedroom has an nice ensuite shower room with wc and handbasin. Next to the master bedroom is the bathroom with a shower over the bath, wc and back lit wall mirror.
Adjacent is bedroom 3 , a double bedroom with a window above the head of the bed and has both a roller blind set within the window reveal and a Roman blind outside the reveal.
Bedroom 2 is to the rear and is double aspect again with roller blind and Roman blind.
This room is long enough to have an additional single bed within it and has the same blind and Roman blind arrangement.
Set just above Port Isaac enables easy access out onto the coastal road to nearby Rock. The property has mains water and electricity and is on a shared septic tank.
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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