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The Quay, Looe

South West

£325,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1152 sqft

Description

This distinctive harbourside residence presents a rare opportunity for renovation and investment, with expansive views of the harbour and river. Initially converted from a store, this property offers spacious living arrangements across three levels, making it suitable as both a family home or a potential rental investment. The house encompasses approximately 1,591 square feet (including the garage), featuring a large 29-foot sitting/dining room that opens onto a notable canopied balcony measuring around 120 square feet. This outdoor space serves as an excellent vantage point to enjoy picturesque water views while hosting gatherings or simply relaxing. Comprising three double bedrooms and essential amenities such as a kitchen and laundry room, the layout caters well to both permanent living and holiday letting. The integral garage adds significant value to the property, providing convenient storage and parking in an area known for its limited vehicle access. Located in the Looe Conservation Area, the home sits mere yards from the harbour and is within walking distance to local beaches and coastal paths, appealing to those drawn to a seaside lifestyle. The surrounding region offers ample recreational activities, including bathing, kayaking, and sailing. The historic town of Looe supports a vibrant tourism industry alongside essential community services such as shops and award-winning restaurants. Additionally, it benefits from good transport links; there is a branch line station that connects directly to Liskeard, providing easy access to Plymouth. Due to its desirable location in close proximity to natural beauty spots like the Tamar Valley AONB and the Rame Peninsula, this property holds significant investment potential. While it has been available on the market for approximately 40 years, some modernization would enhance its appeal further. It’s important for prospective buyers to note that minor flooding has affected the garage area in the past; however, storm boards are available for use when necessary. Buyers should verify flood insurance availability with their financial advisor before proceeding with any purchase plans. Overall, this house represents not just a home but also an opportunity for savvy investors looking for properties with untapped potential in one of Cornwall's charming coastal communities.

Investment Analysis

(PL13 area)

Below Market Value

This property is priced -16.5% below area average per sq ft

-16.5%
Potential saving
This Property
£282/sq ft
Area Average
£338/sq ft

Renovation Potential

Est. Renovation Cost
£32,500 - £81,250
10-25% of property value
Target Value
£428,124
10% above area average per sq ft
Potential ROI
+5.4%
After renovation
Monthly Sales
4
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PL13)

Area prices are rising by +6.5% over the last 12 months
3 year growth: -3.1%
5 year growth: 15.6%
Investment Disclaimer: Analysis based on PL13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Quay, Looe
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