3-bedroom terraced house · TR3 7QQ
Sold STCReduced £25k (−20%) on 1 OctListed 50 daysAuction 8 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For Sale by Auction – A mid-terrace character cottage for refurbishment with parking and gardens on edge of well thought of village.
For sale by Public Auction and via Livestream on Thursday 8th October 2026 at 2pm at The Guildhall, Axminster, EX13 5NX. Register to bid in the room, online, by telephone or by proxy via our website.
The Property A delightful character cottage for updating/refurbishment having three bedrooms, gardens front and rear and off-street parking Location The cottage is about six miles from both Falmouth and Truro and is set on a hill above the village at it’s rural edge.
Services Mains water, drainage and electricity Ultrafast broadband and mobile coverage available in the area. Refer to Ofcom’s website for more details.
Tenure Freehold Local Authority Cornwall Council Tel: Council Tax Band B Directions What3words ///takeovers.salary.clues Solicitors Nalders llp Falmouth TR11 3PH Viewings Viewings by appointment only, full details from Axminster Office Tel: Material Information There are two elements of flying freehold, being : 1) Part of a bedroom in No 1 Cove Hill sits above the front door and entrance hall of No 2 Cove Hill.
2). Bedroom 3 in No 2 Cove Hill sits above the rear of No 1 Cove Hill.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 2, Cove Hill, Truro
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