2-bedroom house · PL15 7SJ
Listing removedListed 161 days
Opportunity summary
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About
An attractive 2-bedroom Grade-2 listed character cottage situated in the heart of this picturesque village, close to the church and historic pack-horse bridge.
The property has a wealth of features including beamed ceilings and a stone inglenook fireplace with a multi-fuel burner.
“The property is accessed via a slate bridge over the mill leat with the front door leading into the large, bright living room, which is dual aspect and is a light and spacious main reception room, with pretty window seats and a large inglenook fireplace with multifuel burner.
A door leads into a large kitchen-diner which is also dual aspect with windows overlooking the garden at the side and rear.
The kitchen, arguably, has the best views to be found in Altarnun, with views of the church and pack horse bridge. The kitchen has multiple base level units and space for appliances.
The kitchen leads into the useful boot-room, which in turn provides access to the gardens. On the first floor, there are 2 spacious double bedrooms alongside a large well-appointed bathroom.
The bathroom has an adjoining large walk-in linen-room. STPP, the linen-room could be converted into a bathroom, allowing the existing bathroom to be converted into a third bedroom.
There is plenty of available parking across the road in the village. As well as the gardens, the property also includes an allotment a short walk away.
There is approximately 1/3 acre of additional land available by separate negotiation which has current planning permission to build an annex and further garden buildings.
Living Room / Dining Room (6.29m max x 4.02m (20'7" max x 13'2" )) Kitchen / Breakfast Room (3.92m x 2.99m (12'10" x 9'9" )) Boot Room (3.17m x 1.04m (10'4" x 3'4" )) First Floor Bedroom 1 (3.93m x 2.31m (12'10" x 7'6" )) 2.31m extends to 2.97m Bedroom 2 (3.71m x 2.86m (12'2" x 9'4")) Bathroom (2.83m x 2.69m max (9'3" x 8'9" max)) Services Mains Electricity, Water and Drainage Council Tax Band C
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.
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About Crooked Chimney Cottage, Altarnun, Launceston
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