3-bedroom house · PL33 9AU
For saleListed 205 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
74 Pengelly is a charming character cottage offering a wealth of original features alongside practical living space, ideal for those seeking a traditional Cornish home with scope to make it their own.
Entering via the oak side stable door, you step down into the kitchen/diner where the property’s character is immediately evident.
Features include exposed beamed ceilings, flagstone Delabole slate flooring, and a striking fireplace with slate lintel, clome oven, and woodburning stove.
The kitchen is currently arranged with base units providing space for a washing machine and dishwasher, along with a ceramic sink and drainer.
There is under-stairs space for a fridge/freezer, and room for a range-style electric cooker, with the current owners utilising freestanding units for additional flexibility.
A useful storage cupboard is located to the rear, and there is clear potential for a new owner to install further fitted units if required.
The living room is a well-proportioned space, benefiting from two large windows to the front allowing for plenty of natural light, lined with flagstone Delabole slate flooring, along with an additional door providing access to the front of the property.
Rising from the staircase located within the kitchen, the first floor provides access to three bedrooms.
Two of these are well-proportioned double rooms, both offering plenty of space for a range of furnishings, while the third bedroom would lend itself well as a single room, home office, or nursery.
The layout is practical and well-balanced, making it suitable for a variety of buyers.
Completing the accommodation is a family bathroom, fitted with a walk-in shower, WC, heated towel rail and wash hand basin.
Externally, the property benefits from a right of way to the front, which the current owners use for off-road parking for two vehicles.
Opposite the side entrance is a useful stone-built store, ideal for tools, bikes, or general storage.
A short walk along the path and up a few steps leads to the enclosed garden, which is sheltered by an exposed stone wall and designed for ease of maintenance.
The garden is mainly laid to chippings with a selection of mature shrubs and provides a pleasant space for outdoor seating and dining.
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 74, Pengelly, Cornwall
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