2-bedroom flat · PL13 2DF
Sold STCListed 199 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-positioned two-bedroom ground floor apartment located along Marine Drive in the prestigious Hannafore area of West Looe.
Enjoying a large private terrace with coastal views, the property also benefits from beautifully maintained and landscaped communal gardens to the rear, featuring a selection of patios and a communal BBQ area—perfect for outdoor relaxation.
The apartment includes a conveniently located allocated parking space directly adjacent, along with a useful additional side store room/office space, offering flexibility for storage.
While the property would benefit from refurbishment throughout, it presents an exciting opportunity for buyers to modernise and create a superb coastal retreat tailored to their own taste.
Ideally situated just a stone’s throw from Hannafore Beach and approximately a 10-minute walk to the harbour and town, this would make a fantastic bolt-hole or permanent seaside home.
PROPERTY INFORMATION Services: Mains water, drainage & electricity Windows: UPVC windows.
Heating: Gas Boiler to a system of radiators Council Tax Band— A Tenure - Share of Freehold with a Leasehold 999 years from 2009. Under the terms of the lease holiday letting is not permitted.
Ground Rent -Nil Insurance & Maintenance— Currently £ 890 per annum. Local Information Looe is a vibrant commercial fishing port with a thriving tourist trade.
The picturesque harbour, spanned by a bridge connecting East and West Looe, adds to the town’s unique charm.
There are two main beaches to enjoy: Hannafore Beach on West Looe is perfect for rock pooling and crabbing, while East Looe Beach features a sandy shoreline with facilities for kayaking and paddleboard hire.
Both beaches are served by local cafés, ideal for refreshments after a day by the sea.
The town centre in East Looe is lively and welcoming, offering a variety of independent shops, restaurants, bars, and cafés, along with convenience stores, a doctor’s surgery, pharmacies, and hairdressers.
In contrast, West Looe offers a quieter pace, with a selection of shops, a local deli, local dining spots, the traditional Jolly Sailor Inn, and a historic church.
Hannafore is also home to tennis courts and the local bowling club, and provides direct access to the South West Coast Path, which leads to Talland Bay and Polperro, offering stunning coastal walks.
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
Agent & docs
FAQ
About Nailzee Point, Marine Drive, Hannafore, West Looe, Cornwall
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