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See how verdicts work5-bedroom house · PL13 2QR
For saleReduced £25k (−3.8%) on 27 OctListed 460 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is an exciting opportunity to acquire a substantial period property within the heart of the hugely popular village of Polperro on the South Cornish Coast currently comprising a convenience store on the GF with expansive 4/5 Bedroom accommodation over the 1st & 2nd floors and a large elevated garden to the rear from which can be enjoyed views across the village and surrounding coastline.
The property has been under the same ownership for the past 40 years and is likely to appeal to investors/developers as well as those seeking a home and business within the County.
Location Polperro is a picturesque village situated on the South Cornish Coast that attracts hundreds of thousands of visitors each year, owing to it's charming harbour, narrow winding streets and pretty cottages.
The village is home to a variety of businesses including public houses, tea rooms, gift shops, art galleries etc and also benefits from a doctors surgery.
Yaxley stores is centrally positioned on the main street leading to the harbour and as such benefits from huge levels of passing trade.
Description This impressive 3 storey building is laid out over three floors with the Ground Floor being loosely divided into two separate retail spaces that could easily be reincorporated into one large area if desired.
The upper parts of the building are accessed via a separate doorway way from Fore Street and offer expansive 4/5 Bedroom accommodation over two floors that could, subject to all necessary consents be converted into 2 separate dwellings for investment purposes.
A notable feature of the property is the large elevated garden to the rear from which can be enjoyed views across the village and out towards the surrounding coastline.
Ground Floor: Commercial Premises extending to circa 750 sqft in total that has been subdivided as described above, with a small store room and a staircase leading to the rear garden at FF level.
First Floor: Office, WC, Kitchen/Diner, Lounge, Dining Room/Bedroom 5 Second Floor: 4 bedrooms (master ensuite) and a family bathroom.
Outside: To the rear of the building is a small shed with steps beside leading to areas of terrace and the sizeable garden.
The Business Our client has owned and operated the business for many decades as a traditional convenience store offering a range of day to day groceries, tobacco & alcohol.
Through choice, our client is operating the business on limited hours currently trading Monday-Saturday 8am - 5pm and as such, there is huge potential to increase the turnover through evening opening and stocking a wider range of products through the incorporation of the subdivided area.
N.B. Accounts will only be made available subject to a viewing appointment in the usual manner.
AGENTS NOTE Council Tax Band A (Residential Accommodation) Business Rates, The Ground Floor has been subdivided and the current rateable values are £5,200 for the left hand unit and £7,400 for the right hand unit.
For further information regarding the rateable value and amount payable, please visit: Find a business rates valuation - GOV.UK Tenure - Freehold Consumer Protection from Unfair Trading Regulations 2008.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose.
A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. Measurements are a guide only.
The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation.
Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
ANTI-MONEY LAUNDERING REGULATIONS - Purchasers It is a legal requirement that we receive verified identification from all buyers before a sale can be instructed.
We ask for your cooperation on this matter to ensure there is no unnecessary delay in agreeing a sale. We will inform you of the process once your offer has been accepted.
PROOF OF FINANCE - Purchasers Before agreeing a sale, we will require proof of your financial ability to purchase.
Again, we ask for your cooperation on this matter to avoid any unnecessary delays in agreeing a sale and we will inform you of what we require prior to agreeing a sale.
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

FAQ
About Fore Street, Polperro, Looe, Cornwall, PL13 2QR
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