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 work2-bedroom flat · PL13 1AL
For saleReduced £15k (−6%) on 20 OctListed 1440 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A great opportunity to purchase a two double bedroom apartment with river views situated in the heart of Looe and within walking distance to the sea front and other amenities.
Accessed on the ground floor through a secure communal door, you will find both stairs and a lift which take you up to apartment which is located on the second floor.
Once inside, the accommodation boasts a spacious hallway with under floor heating and doors leading off to all rooms as well as two large storage cupboards, one of which houses the hot water tank.
The lounge and kitchen/dining area is of an open plan design with a a breakfast bar creating a divide between the two.
The lounge enjoys a picture window overlooking the river and harbour and the kitchen is finished with a range of appliances including an intergrated fridge freezer, built in Bosch oven and hob with stainless steel cooker hood above and a washer/dryer.
Both bedrooms come complete with contemporary furnishings, are double in size and benefit from fantastic river views.
There is also a modern en suite shower room in the main bedroom along with a beautifully presented family bathroom located off the hall.
The accommodation is extremely well presented with wooden flooring and modern yet unique fixtures and fittings positioned throughout making this the perfect main or second home.
Please note, this property can not be used as a commercial holiday let.
Situated on the south coast of Cornwall, Looe is a historic, picturesque, and magical fishing town with quaint old buildings, narrow twisting streets, smugglers taverns, fine restaurants and a wonderful sandy beach with shallow seas and a wealth of rock pools.
The safe bay and estuary are a favourite with holiday makers as well as sailing, motorboat, and water sports enthusiasts, whilst the activities of the fishing fleet are a constant fascination to all.
Accommodation Hall, bathroom, open plan kitchen/living room, two double bedrooms one with en-suite shower room. Windows uPVC double glazed tilt and turn windows.
Parking There is no parking with this property however there are spaces for rent in and around the town, some of which may be subject to waiting lists.
For further information on the availability of spaces please contact any of the following organisations: - Cornwall Council Parking Permits , East Looe Town Trust or West Looe Town Trust Utilities Services: Mains water, drainage and electricity.
Heating: Modern wall mounted electric heaters with digitally controlled thermostats. Heated towel rail in bathroom. Hot water cylinder in airing cupboard. Under floor heating in hall.
Neither a landline or broadband are connected. For information on their availability please refer to Tenure Leasehold: The lease expires on 25 April 2164. Ground Rent: Peppercorn.
Service Charge: This is calculated at 12.5% of the cost of internal and 10% of the cost of external work. For the year from October 25 to September 26 the charge is £1950.80.
Buildings Insurance: 8%of the overall cost. Restrictions: The Management company have stated that they would not allow pets to be kept in the flat.
The lease states that the flat can only be used as a private dwelling house in the occupation of one family. Council Tax Band B. EPC rating C75 Access The property is situated on the second floor.
There is level access to the communal hall and from here you have a choice of stairs or a lift to the apartment. Restrictions The property is in a conservation area.
Flood Risk The property is within flood zones 2 & 3 however it is on the second floor.
(source Cornwall Interactive Mapping) Planning There are two applications listed on the planning website: 18/11/2002 Planning granted for white uPVC double glazed windows to replace aluminium windows December 2004 planning was refused for a satellite dish on the front elevation.
Source: Cornwall Planning Website. Agents Note The property is sold complete with fixtures and fittings with the exception of the vendors personal possessions.
Directions From our office proceed down the main street towards the beach. On reach Mountain Warehouse the road splits, take the left turn and follow the road to the beach and the seafront.
A short way along you will find the rnli shop. If you stand with your back to this and look inland the property is almost directly in front of you and the entrance is to the right.
A member of our team will meet you at the entrance.
What3words /// parked.arranged.comet Notice important note: Messrs Seasons Estate Agents Ltd for themselves and for the vendors or lessors of this property whose agents they are give notice that: These particulars are set out as a general outline only for the guidance of intended purchasers or lesses, and do not constitute part of, an offer or contract; all descriptions, dimensions, floor plans, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; no person in the employment of Messrs Seasons Estate Agents Ltd has any authority to make or give any representation or warranty whatsoever in relation to this property.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
Agent & docs
.png)
FAQ
About 2 Seafront Court, The Quay, Looe
Explore nearby