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See how verdicts work2-bedroom house · PL13 2RP
Sold STCListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Polperro is a quaint old Cornish fishing village, whose narrow streets and pretty cottages remain undeniably attractive.
Once upon a time the village was notorious for smuggling activities during the 18th and early 19th centuries.
The village offers an abundance of shops, pubs and restaurants and is a very popular tourist destination.
Situated in the heart of the historic fishing village of Polperro, Oversteps is a characterful three-storey cottage just a short walk from the harbour, coastal footpaths, and local amenities.
Brimming with traditional features, the property offers flexible accommodation and excellent potential for updating and personalisation.
The ground floor is accessed via a side entrance into a hallway with stairs rising to the first floor.
This level includes a spacious kitchen leading into a second reception room, as well as a utility area with worktop space and access out to a generous enclosed rear garden — a rare and valuable feature in this part of the village.
The ground floor was previously configured as a self-contained unit and could potentially be separated again, offering scope for multi-generational living or holiday letting (subject to any necessary consents).
The first floor (middle level) includes a light-filled, dual-aspect dining room with access to a bathroom featuring both a bath and a separate shower.
A generous but cosy living room on this level enjoys double-aspect windows and a substantial mahogany fireplace. The main entrance on this floor provides access to Mill Hill.
On the top floor are two spacious double bedrooms, both with storage and pleasant village views.
Offered with no onward chain, Oversteps presents a unique opportunity to create a distinctive home or holiday retreat in one of Cornwall’s most picturesque coastal settings.
Property Information: Services: Mains water, drainage, electricity, Windows: Wooden Heating & Hot Water: Electric storage heating and immersion. Tenure - Freehold.
Council Tax Band B Parking - None Available Flood Risk - Low
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
Agent & docs
FAQ
About Mill Hill, Polperro, Cornwall
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