3-bedroom house · PL31 2DH
For saleReduced £15k (−6%) on 5 SepListed 67 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A deceptively spacious and beautifully presented three bedroom end of terrace cottage offering an adaptable and versatile accommodation arrangement with enclosed rear courtyard garden located within walking distance of the town centre.
The accommodation that is well proportioned comprises of an entrance hallway, generous 19’00 Lounge with large bay window to the front elevation and a comprehensively equipped 30’00 kitchen that is used as a dining area also where doors open onto the courtyard garden.
There is also a utility room on the ground floor with an office area that could be used as a hobbies room which leads to the ground floor shower room.
On the first floor there are three bedrooms, main bathroom and separate shower room.
A particular feature of the house is the good sized enclosed rear courtyard that can only be seen from an internal viewing as access to this is from through the property.
Located in the heart of the town, Folly Cottage is situated on Turf Street which is within walking distance to the main Fore Street.
Bodmin has all the traditional elements of a market town, and caters well for daily needs, together with several supermarkets, an independent Cinema, leisure centre, several Junior schools, a Secondary/6th Form School and a College.
The town is well placed for transport links to the Cornwall Coast, with easy access to the A30. The Camel Trail provides a walking and cycling route through to Padstow.
Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Entrance Hall (3.2m x 1.12m) Lounge (5.87m x 5.03m) Kitchen / Dining Room (9.14m x 2.7m) Utility Room (2.13m x 1.88m) Office (4.42m x 2.29m) Ground Floor Shower Room (2.1m x 1.22m) Landing Bedroom One (4.27m x 3.1m) Bedroom Two (3.84m x 3m) Bedroom Three (3.8m x 2.67m) Bathroom (2.2m x 2.16m) First Floor Shower Room (1.1m x 0.86m)
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Folly Cottage, 2, Turf Street, Cornwall
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