1-bedroom flat · PL13 1HT
Listing removedReduced £10k (−5.9%) on 2 SepListed 136 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully renovated one-bedroom apartment set in the heart of Looe, finished to a high modern standard throughout.
Currently operating as a successful holiday let, it offers a bright living space, contemporary kitchen and bathroom, and easy access to the harbour, beach, and local amenities.
An ideal turnkey investment or seaside retreat ready to enjoy. Location The property is set in an elevated location enjoying superb harbour and estuary views.
Looe is a popular seaside town located in East Cornwall, the bustling town is still a working fishing port and boasts a wealth character from its quaint Cornish cottages to its 19th century bridge which crosses Looe River.
Within the town there are a range of amenities on offer from independent boutiques, fine dining eateries to traditional Cornish pubs.
The train station connects to the mainline which offers a service direct into Plymouth, Exeter and London Paddington.
Material Information Local Authority - Cornwall Council Council Tax Band - A, Tenure - Leasehold, property will be sold with a share of the freehold, and a new 999 year lease, Utilities - Mains water, sewerage & electric, electric central heating, Parking - None
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
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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
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FAQ
About Flat 1, 6, Wesley Terrace, Cornwall
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