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See how verdicts work3-bedroom house · PL26 6RJ
Listing removedListed 171 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hunkin Homes are delighted to be able to offer to the market this spacious, detached, Cornish unit bungalow on approximately four acres of land on the edge of Mevagissey.
This well-presented bungalow, which offers three double bedrooms and a generous open plan kitchen- living- dining space, occupies a generous, approximately 4 acre, plot with plentiful parking and two additional detached barn buildings.
Upon entering the property you are met by a spacious utility room, ideal for housing white goods and offering a generous built in storage cupboard. From here, a door leads to the kitchen area.
The kitchen offers a wide range of fitted units and appliances and offers a window to the rear.
The Aga acts as a peninsula, separating the kitchen from the open plan living dining space, which provides superb elevated rural views to the rear.
The impressive living dining space offers a large bay window to the rear with stunning rural views of the surrounding fields and through the valley towards Gorran Churchtown.
The living space itself is generous in size and offers a wood burning stove and plenty of space for seating and entertaining.
To one end of the room, there is space for a large dining table and chairs and a further window to the side flooding the room with light.
Located to the other end of the bungalow are the three bedrooms and the family bathroom.
Bedroom one is a large double bedroom with dual aspect windows to the rear and side offering further stunning rural views.
The master bedroom also benefits from a large shower unit built into the room. Bedroom two is a further spacious double bedroom with windows to the front overlooking a stunning cherry blossom tree.
Bedroom three is also a double and benefits front dual aspect windows to the front and side. The family bathroom offers a bath with shower over and hand basin. Next to this, is a separate WC.
Outside, the property offers a gently sloping paddock that increases in steepness as you approach the rear of the plot.
There are two barns, one timber barn and another stone barn, as well as a generous hard standing area for parking. To the left of the parking area is the large wooden barn.
This generous space is a car fanatics dream offering plenty of space for housing 3 cars, plus workshop space. On the opposite side of the plot there is a stone-built barn with large doors.
Ideal as further garaging, this space could also be extended or altered to create more space (subject to planning consent).
This generous site also has great potential for re development (subject to planning consents), should a buyer wish, with a relatively level site for the area and access possible from the B3273 meaning access via Mevagissey itself is not required.
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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