3-bedroom house · TR5 0QA
Listing removedReduced £50k (−6.7%) on 20 JunListed 213 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Substantial Converted Chapel with Flexible Accommodation | Currently Arranged as Home + Self contained rental unit or office space | South-Facing Gardens | Quiet No Through Lane The Old Chapel is a distinctive converted chapel dating from around 1837, offering spacious and highly flexible accommodation currently arranged as a two/three-bedroom main residence with a separate one-bedroom self catering rental unit below.
Set along a quiet no-through lane shared with just one neighbouring property, the home enjoys a peaceful setting on the edge of the sought-after village of Mithian, just moments from St Agnes and the North Cornish coastline.
Importantly, the layout could be easily reconfigured to create a substantial four/five bedroom family home if desired, giving buyers the option of a single large residence or maintaining the current income-producing setup/ home office.
Main Living Accommodation The principal living accommodation is arranged on the upper level.
A generous 22ft dual-aspect sitting room forms the heart of the home, with large windows capturing open views across surrounding countryside.
A woodburning stove set within a sandstone surround creates a warm focal point.
The adjoining dining room flows through to the kitchen, with a large picture window in the dining area allowing natural light to flood the space while framing the surrounding rural outlook - an ideal setting for both everyday living and entertaining.
The kitchen is fitted with a range of cream wall and base units, including integrated double ovens and electric Induction hob, with space for further appliances.
This level also offers two double bedrooms, including a spacious south-facing principal bedroom with en-suite shower room, along with a family bathroom.
Above, the property also benefits from a generous loft space, offering excellent potential for conversion (subject to any necessary consents), which could create additional accommodation, a home office or further living space.
Self-Contained Guest Accommodation The ground floor is divided into two halves.
The front half is currently configured as a self-contained one-bedroom holiday let, providing excellent potential for supplementary income, guest accommodation, multi-generational living or Office/work space.
The rear half contains a hobby room/additional bedroom and an integral garage. The accommodation includes a living room with French doors opening onto a decked terrace, kitchen, bathroom and bedroom.
The space can function independently from the main house but could also be reintegrated to create a larger four/ five -bedroom home if preferred.
Garage & Additional Space An integral garage provides generous storage and workshop space and offers potential for further conversion (subject to the necessary consents).
The property also benefits from a recently installed electric vehicle charging point.
Services Mains Water Mains Electric Private Drainage Outside The property enjoys south-facing gardens with open views across neighbouring fields.
A brick-paved patio provides an ideal spot for outdoor dining and entertaining.
Below the house is a further garden area with space for vegetable beds, fruit trees and lawn, complete with raised beds, greenhouse and garden shed.
This lower garden also provides additional off-road parking. To the northern side of the property is a private walled courtyard along with further parking.
Location Mithian is a well-regarded Cornish village approximately two miles from the coastal village of St Agnes, known for it Primary School, community atmosphere and historic 16th-century village pub.
St Agnes offers a vibrant selection of independent shops, cafés, restaurants and coastal walks, along with access to the beautiful beaches at Trevaunance Cove and Chapel Porth.
The Cathedral City of Truro, around seven miles away, provides extensive shopping, schooling and leisure facilities, together with a mainline railway station connecting to London Paddington.
Newquay Airport offers regular domestic flights.
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 The Old Chapel,, Mithian, Cornwall
Explore nearby