Property · PL22 0DB
For saleListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** for sale by informal tender ** An opportunity to purchase a pair of single lock-up garages which are conveniently situated within a quiet and tucked away location in the heart of the town.
Offers to be received in writing on a completed Tender Form by no later than 5pm on Wednesday 21st October 2026.
Situation The garages are situated just south of the main shopping street in the centre of Lostwithiel.
Description A pair of interlinking single garages constructed of concrete block walls and rough rendered externally, under a pitched roof clad with fibre cement tiles.
Internal measurements and description as follows (All sizes approximate):- Garage One (19' 2'' x 9' 3'' (5.85m x 2.82m)) Double opening doors to front. Partly partitioned off.
Connecting door opening into:- Garage Two (14' 4'' x 9' 3'' (4.36m x 2.82m)) Double opening doors to front. Fitted workbench and shelving.
Door into:- Store Room (8' 11'' x 4' 9'' (2.73m x 1.45m)) Two windows. Tenure Freehold. Services Mains electricity (Currently disconnected).
Informal Tender The garages are being offered for sale by Informal Tender and all offers are to be submitted to the selling agent (Jefferys) on a completed Tender Form by no later than 5pm on Wednesday 21st October 2026.
Please contact the office to request a Tender Form or use the relevant link to download online. Agents Note The seller reserves the right not to accept the highest or indeed any offer submitted.
Directions Heading towards Lostwithiel from the west on the A390, continue down the main hill and turn right onto Castle Hill and immediately left onto Hillside Gardens.
Proceed for a short distance and the garages are located on the right-hand side.
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 Garages at, Hillside Gardens, Lostwithiel
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