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See how verdicts work2-bedroom bungalow · PL13 1PE
Listing removedListed 112 days
Opportunity summary
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About
Located on the beachside setting of millendreath holiday village. Enjoying commanding sea and valley views, set in an area of Great Landscape Value.
Sold chain free the third tier Chalet comprises of an open plan living room/kitchen, two double bedrooms, and shower room. Benefitting from a roof terrace & parking.
Millendreath Holiday Park is nestled in a 90 acre Cornish Valley setting with access to a private beach.
There is over 65 acres of woodland to the North to be discovered and a breath taking privately owned south facing beach.
Millendreath lies at the foot of a wooded valley in a sheltered cove that during low tide has pleasant soft sands and numerous rock pools to explore.
Millendreath is the perfect base for anyone wanting to explore Cornwall.
Situated on the water’s edge of Millendreath’s very own beach is a Café and Bar, the perfect place to sit back and relax, whilst enjoying the views from the decking across the bay.
This enviable location offers the best of both Worlds with access to a beautiful part of the Southwest Coastal Path and the development is near to the popular Coastal town of Looe & Village of Polperro.
Loung/Kitchen/Diner (7.14m x 3.45m) Double glazed patio door and window enjoying breath taking sea views and of surrounding valley. Electric wall heaters and laminate flooring.
The Kitchen area boasts a range of base, wall and drawer units complemented by worktops. Sink and drainer with tiled splash backs. Electric oven and hob with hood over.
Washer/dryer, fridge and freezer. Inner Hallway Airing cupboard with the hot water tank along with a further storage cupboard housing electric meter and consumer unit.
Bedroom One (2.92m x 2.57m) Double glazed window enjoying an impressive sea vista and valley views. Electric heater and laminate flooring.
Bedroom Two (2.92m x 2.44m) Double glazed window to the side enjoying valley views. Electric heater and laminate flooring. Bathroom Obscured double glazed window.
Electric shower over bath, basin and wc. Electric wall heater and tiled splash backs. Outside Communal steps leading up to the third tier chalet.
Offering a spacious roof terrace taking in stunning views out to sea and of the surrounding valley.
Making an ideal setting also for alfresco dining or to sit back with a glass of your favourite 'tipple'.
Agents Note The roof terrace is the responsibility of the lower chalet to maintain and vice versa with chalet above. Holiday Letting allowed between March to October.
Lease 99 years from 29/09/1968 with ground rent of £1025.20, service charge around £280 plus buildings insurance £265. Private water supply and drainage charged for by the Park.
The Lease states chalet cannot be used during the months of November, December, January and February. Planning application approved with conditions ref PA25/03028 for further development of the Park.
Plans also submitted for development of the opposite side of the Valley.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 20 Hillside Villas,, Millendreath Holiday Village, Cornwall
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