2-bedroom flat · PL13 2DF
For saleListed 22 days
Opportunity summary
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About
Enjoying A sea front setting. Positioned in the desirable Hannaford Point area of West Looe the Apartment is located at the rear of the building on the first floor.
Accommodation comprises; hallway, lounge/diner, kitchen, shower room, and two double bedrooms. Benefitting from a balcony, communal gardens and a resident’s association.
The seaside holiday town of Looe is located in an Area of Great Landscape Value. The Property is situated on the sea front at Hannaford Point West Looe.
Looe keeps visitors entertained all year round whilst still retaining a working fishing port.
Stand on the quayside in the evening and watch the boats return before dining on fresh fish in a local restaurant.
The town prides itself on its fresh fish, and be it award winning fish and chips near the river or gourmet menus in smart restaurants overlooking the harbour, you know you won't be disappointed.
To work off a fine meal, Looe is a great place for walking as the South West Coast Path passes through the town, plus there are countless walks through the town to explore the historic narrow streets or along the two rivers into the surrounding beautiful countryside.
For children, a safe sandy beach with rock pools offers hours of free fun, and should you wish why not try a fishing trip or there's always crabbing from the quayside.
Looe straddles both sides of Looe River with its historic bridge & stone harbour side, with a thriving tourist industry, popular with boating & sea fishing enthusiasts.
There are a wide range of shopping, Tourist attractions & community facilities.
On the edge of the town just a short stroll is Looe station which links with the main line at Liskeard station with onward services to London. Communal Stairway And Hall Leading to Apartment.
Hallway Radiator and laminate flooring. Lounge/Diner 3.94m max x 3.58m - Dual aspect room with double glazed window to communal garden and door to balcony. Radiator.
Kitchen (3.02m x 2.87m) Double glazed picture window to balcony. Range of base, wall and drawer units, complemented by worktops. Sink and drainer with tiled splash backs.
Electric oven and gas hob with hood over. Integrated dishwasher, and space for a fridge/freezer. Bedroom One (2.84m x 2.8m) Dual aspect double glazed room looking out over the communal garden.
Radiator. Bedroom Two (3.25m x 2.29m) Double glazed window to the rear and obscure picture window to hallway. Radiator. Shower Room Obscure double glazed window.
Walkin in shower, basin unit, wc and towel warmer. Agents Note The vendor informs Flat held on an original 999 year lease and a peppercorn ground rent.
Holiday letting is not allowed as per the terms of the Lease. Forming one of eighteen apartments in the block which we are informed the vendor holds a share of the freehold.
The building is partially situated above Tom Sawyers B&B, however the Apartment for sale is not and is located at the rear of the building. Service charge reviewed annually on the 1st of April.
The Vendor informs us that the base of entrance stairs to their part of the block is located in the grounds of Georges flats adjacent, and that they have a verbal right of access over.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Flat 5 Nailzee Point,, Marine Drive, Cornwall
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