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 work3-bedroom bungalow · TR27 5HQ
Listing removedReduced £50k (−10%) on 20 JunListed 417 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Reawla, Detached Bungalow With Planning Detached three bedroom bungalow with large garden, barn & development potential – Reawla Set in the heart of the sought-after village of Reawla, this detached three-bedroom bungalow offers a rare opportunity combining comfortable family living with exceptional development potential.
The property is approached via a private driveway providing ample parking, and sits within a generous plot featuring a large, enclosed garden which is approximately 0.5 acres, perfect for outdoor enjoyment, along with a barn/garage, offering scope for storage, hobbies, or conversion (subject to the necessary consents).
The bungalow itself provides spacious and versatile accommodation, ideal for a wide range of buyers including families, downsizers, or investors.
From the first floor are far reaching views towards St Ives.
Adding to its appeal, the site benefits from planning permission in principle for the erection of up to five additional properties, presenting a superb opportunity for development or future investment.
Located in a popular village setting, the property enjoys excellent access to local amenities, nearby towns, and the stunning Cornish coastline.
This is a unique chance to acquire a well situated home with significant potential, whether as a residence, smallholding, or development project.
Guide Price - £499,995 - Location - Reawla is a charming hamlet located in the civil parish of Gwinear-Gwithian, within the Penwith district of Cornwall.
This quaint village is surrounded by picturesque countryside and is close to several other small villages, including Wall and Gwinear.
Reawla offers a peaceful rural lifestyle, with local amenities such as village stores and scenic walking paths. It's a lovely spot for those looking to experience the tranquil beauty of Cornwall.
Accommodation - Entrance Reception Hall Dining Room Kitchen Living Room Conservatory 3 Bedrooms Family Bathroom Parking - There is ample driveway parking for a number of cars Outside - There are large gardens of approximately half an acre to the front and rear of the property.
There is a driveway leading to the detached workshop which provides ample parking and turning space.
The gardens are mainly laid to lawn with established trees and shrubs that border the property and offer a good degree of privacy.
Detached workshop 21' 3" x 20' 11" (6.5m x 6.4m) A large workshop with pitched roof, wooden doors to the front and window to the side.
Static caravan 35' 0" x 12' 0" (10.67m x 3.66m) Willerby Static mobile home. We have been unable to gain access to take further information.
Services - Mains Gas, Electric, water and drainage Planning Information - The property is being sold with the benefit of planning in principle for up to 5 homes to be built on the site.
The planning application number is PA25/01632 Council Tax Band- D - What3words - ///passing.crows.paying Anti Money Laundering Regulations – Purchasers - It is a legal requirement that we receive verified id from all buyers before a sale can be instructed.
We will inform you of the process once your offer has been accepted. Proof Of Finances - Before agreeing a sale, we will require proof of your financial ability to purchase.
We will inform you of what we require prior to agreeing a sale.
Broadband & Mobile Phone Coverage - To check the broadband coverage for this property please visit check mobile phone coverage please visit
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 31, Reawla Lane, Hayle
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