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See how verdicts work3-bedroom detached house · PL27 7JB
Sold STCReduced £100k (−28.6%) on 30 MayListed 299 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 3 bedroom detached character cottage with garage, workshop and large garden in need of complete modernisation and renovation. Freehold. Council Tax Band D. EPC rating F.
Cole Rayment & White are delighted to present The Old Forge at Whitecross to the market which is a 3 bedroom detached cottage with 2 reception rooms, 2 woodburning stoves and a large garden to the rear mainly laid to lawn with summerhouse, garage, workshop, outside utility, outhouse, shed and driveway.
This property is in need of a great deal of modernisation and renovation but should be considered ideal for those purchasers looking for a project in this popular area just outside of Wadebridge.
The accommodation comprises with all measurements being approximate:- UPVC Double Glazed Entrance Door To Entrance Porch UPVC double glazed entrance porch with cloaks hanging space.
Living Room - 5.3 m x 4.0 m UPVC double glazed window to front. Fireplace with woodburning stove. Radiator. Stairs to first floor.
Opening to Kitchen - 4.4 m x 2.3 m Fitted kitchen with wall and base cupboards with drawers and worktops over. One and a half bowl stainless steel sink. Space and power for cooker.
Space and power for fridge/freezer. UPVC double glazed window to rear. UPVC double glazed window to side. UPVC double glazed rear door.
Dining Room - 7.0 m max 4.0 m min x 4.0 m max 1.8 m min Fireplace set on slate hearth with large woodburning stove which heats the radiators. Radiator. 2 x UPVC double glazed windows to front.
Office - 2.0 m x 4.4 m UPVC double glazed window to front. 2 double glazed windows to side. Stairs to first floor Landing Loft hatch.
Bedroom 2 - 4.2 m x 3.2 m UPVC double glazed window to front enjoying lovely views over the countryside. Bedroom 3 - 2.7 m x 1.5 m UPVC double glazed window to rear overlooking the garden. Radiator.
Bathroom Fitted suite comprising panelled bath, double shower cubicle, low level w.c., wash hand basin, opaque UPVC double glazed window to rear, cupboard housing hot water tank, radiator, wall mounted fan heater.
Bedroom 1 - 4.3 m x 3.4 m UPVC double glazed window to front. Door to Dressing Room - 1.9 m x 2.6 m UPVC double glazed window to front.
Outside There is a driveway from the main road with a concrete drive which extends through to the rear providing ample off street parking. Garage 1 - 12.0 x 5.4 m Tap.
Electric up and over garage door. Power, light and water connected.
There is a large garden with a majority laid to lawn with large summerhouse, patio area, timber fence boundaries, further garden shed, log store, greenhouse and outbuilding housing a w.c.
Workshop - 5.6 m x 4.8 m 2 double glazed skylights, power and light connected, solid concrete floor. Utility Room - 2.2 m x 2.7 m With power, light and water connected.
Outside Tap Services Mains electric and water are connected to the property. Drainage is via a septic tank.
What3words: ///heats.texts.daytime For further information please contact our Wadebridge office.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Whitecross, Wadebridge, PL27
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