We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · TR20 9EG
Listing removedListed 158 daysAuction 12 Jun · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain free! To be sold via Bradleys Online Auctions, powered by Bamboo Auctions. A cute, three bedroom cottage, with parking and small garden situated within the catchment area of St Hilary School.
A full renovation is required. Sold as seen. Auction End Date Friday 12th June 2026.
Material Information An open home event will take place every Saturday between 3:00pm and 4:00pm, by appointment only, starting on 30th May. Tenure - Freehold. | Local Authority - Cornwall Council.
| Council Tax Band - C. | Mains Electricity, Water & Drainage via septic tank & soakaway.
| Cornwall is situated within an historic mining area therefore a mining search is advisable on all homes.
| Online Auction Details Auction end date - Friday 12th June 2026: This home will be offered for sale by Online Traditional Auction (unless sold prior) The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date.
The successful purchaser(s) will be liable to pay the sum of 4.2% incl VAT, subject to a minimum of 6k + VAT and legal costs of £1,585 + VAT immediately after the auction.
Traditional auction Exchange occurs at the end of the auction.
This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property.
* Pricing Information The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell.
Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be (truncated)
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About 1 South Cottages,, Relubbus Lane, Penzance
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