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See how verdicts work2-bedroom flat · PL13 1HD
Under offerListed 83 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the highly sought-after Barbican area of East Looe, this purpose-built first-floor apartment offers well-proportioned two-bedroom accommodation within easy reach of the town centre, local amenities and the harbour.
The apartment is accessed via a communal entrance leading into a shared hallway, with a small flight of steps rising to the private front door.
Upon entering, a spacious entrance hallway provides access to all principal rooms and benefits from a telephone entry system and a large built-in storage cupboard.
Positioned at the front of the property are two bedrooms. The principal bedroom is a comfortable double, while the second bedroom offers flexibility as a guest room, home office or additional bedroom.
The generous lounge/dining room is a particular feature of the property, enjoying pleasant views across the communal gardens towards West Looe and the surrounding countryside, creating a bright and relaxing living space.
The fitted kitchen comprises a range of wall and base units with contrasting work surfaces and tiled splashbacks.
There is space for a washing machine, upright fridge freezer and cooker, while a wall-mounted boiler provides central heating and hot water. A uPVC double-glazed window overlooks the communal gardens.
Completing the accommodation is the bathroom, fitted with a white suite comprising a panelled bath with shower over, vanity wash hand basin and low-level WC.
Outside, the property is surrounded by well-maintained communal gardens and benefits from a separate bin store.
An allocated parking space is located just a short distance from the communal entrance, with additional visitor parking available.
The apartment is currently let to a long-term tenant who has maintained the property to an excellent standard.
The vendor's preference is to sell the property with the tenant in situ, making it an ideal investment opportunity, although vacant possession can be made available if required.
PROPERTY INFORMATION Services: Mains electricity, gas, water, drainage and broadband. Heating & Hot Water: Gas combination boiler to a system of radiators.
Windows: Upvc double glazed at the rear and wooden double glazed at the front. Tenure - Leasehold - 999yrs from 1988 (961 years remaining).
Under the terms of the lease, holiday letting is not permitted. Ground rent £20 per year Maintenance £1000 Council Tax Band - A. EPC C Flood Risk - Very Low.
Flood Risk: Surface Water - Low / Rivers & Sea - Very Low (Gov.uk) Construction: Standard Construction-Brick
Value & comps
No previous sales on record.
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 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
Agent & docs

FAQ
About Fairfields, Looe, Cornwall
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