We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom detached house · PL28 8AZ
Listing removedListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Online Auction - 29th of April 2026 .
For sale by auction - A rare opportunity to acquire a detached character property in the heart of Padstow's sought-after old town, benefiting from the valuable advantage of off-road parking for 23 cars.
The accommodation is arranged in a reversed layout with a bright first floor open-plan living room/kitchen featuring A-frame beams, large dual-aspect A-frame windows and a stone fireplace.
The ground floor offers two good-sized bedrooms, both with en-suite facilities. Further benefits include oak doors and windows and gas fired central heating.
Padstow is a popular harbour town on the North Cornish coast, known for its charming streets, waterfront restaurants and water sports.
A ferry runs from the harbour to Rock, while the nearby Camel Trail provides scenic walking and cycling routes along the estuary to Wadebridge and Bodmin.
An attractive coastal home or holiday investment offered for sale by auction. The property is classified as commercial due to holiday home use.
VIEWING SLOTS: MONDAY 20TH APRIL AT 2PM - 2.30PM THURSDAY 23RD APRIL 11AM - 11.30AM ** YOU MUST CONTACT THE OFFICE TO CONFIRM ATTENDANCE ** Tenure Freehold Terms Legal Pack To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk UNCONDITIONAL LOT Exchange and administration fee information: (plus fees) Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1500 + VAT and contracts are exchanged.
The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.
The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details).
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.
Registration Process To register to bid on the property, find the property on the Town & Country Property Auctions website. Click onto the property, follow the link to “Log in/ register to bid”.
You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Mally Moo 4A Ruthys Lane, Padstow, Cornwall, PL28 8AZ
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