2-bedroom flat · PL13 1HH
For saleListed 55 days
Opportunity summary
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About
Accessed from Fore Street in East Looe, the communal entrance is fitted with an electric intercom system providing secure access to each apartment.
A door opens into the attractive tiled communal hallway, with stairs rising to the first floor, where Apartment 1 is situated directly ahead.
A wooden front door opens into the apartment hallway, with a couple of steps leading up to the main hallway.
From here, access is provided to the contemporary kitchen, which is fitted with a range of wall and base units, together with an oven, hob and sink. A window overlooks Looe’s famous bridge.
A further doorway leads into the spacious lounge/diner, a bright and naturally light-filled room with a large picture window to the front.
This enjoys uninterrupted views across the harbour and towards Looe Bridge.
A feature fireplace with an electric log burner provides an attractive focal point, while an archway leads through to a generous area currently arranged as a dining space.
The main hallway also provides access to the family bathroom, which features a large walk-in shower, low-level WC and wash hand basin.
There are two well-proportioned double bedrooms, both benefiting from built-in wardrobes. The principal bedroom further benefits from its own en-suite bathroom.
Outside, the property benefits from a communal courtyard to the rear, with bin storage. Property Information: Tenure - Leasehold.
Current Lease: Term commenced 01/08/1981 and expires on 01/08/2080 The premium to grant a 90 year extension to the current lease - £36,000 plus the landlords reasonable legal costs in the matter.
All terms and conditions of the existing lease remain in place. The ground rent for the 90 year extension being as follows; Fist 30 years - £160 p.a. Second 30 years - £200 p.a.
Final 30 Years - £240 Proposed lease information would all be “subject to contract”. Under the terms of the lease the property cannot be used as a Holiday Let.
Maintenance/Insurance: Forecast Year to 30/06/27 - £1,235.50. Ground Rent: £80.00 pa Services: Mains Electric, water and drainage. Heating: Electric Storage Heaters. Windows: Wooden windows.
Council Tax Band - A.
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
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FAQ
About Port View, Fore Street, East Looe, Cornwall
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