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Downs Road, West Looe

South West

£269,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1292 sqft

Description

This spacious detached house, dating back to the 1930s, is situated in the desirable West Looe area, close to scenic Downs and offering distant views of the countryside and river. The property is primed for renovation and improvement, presenting an ideal opportunity for buyers looking to customize a period home. Upon entering, you’ll notice charming period features such as Terrazzo tiled floors in the hall and porch, bay windows that invite natural light, and original fireplaces. The layout offers flexibility with an expansive living room that flows into a dining room, along with a kitchen, entrance porch, rear porch, and a functional laundry room with a WC on the ground floor. The first floor includes three bedrooms plus a study that could easily serve as an additional bedroom or bathroom. One bedroom even has access to a balcony designed to showcase the lovely views. The exterior features both front and rear gardens that enhance the outdoor experience. With areas of lawn and well-established flower beds, these spaces offer potential for landscaping projects or simply enjoying the serenity of your surroundings. Additionally, there’s a garage providing off-road parking or extra storage options. Located in Looe—a picturesque coastal town—residents can take advantage of the local amenities including shops, cafes, and restaurants renowned for fresh seafood. Outdoor enthusiasts will appreciate easy access to hiking trails and various water sports activities like surfing and kayaking. While modernization is needed throughout this home due to its age, this property presents a valuable investment opportunity for those looking to create their dream residence in a sought-after location. With its combination of spacious accommodation, period character, and stunning views, this property holds significant potential for those willing to undertake renovations. For further details regarding services: mains water, electricity, drainage, gas central heating are all available. Please note that due to previous construction assessments indicating suitability only for cash buyers—following recent concrete testing—potential purchasers should be prepared accordingly. In summary, this West Looe property represents an enticing prospect for investors or families eager to infuse new life into a classic home while benefiting from its attractive location near local amenities and beautiful outdoor settings.

Investment Analysis

(PL13 area)

Below Market Value

This property is priced -37.8% below area average per sq ft

-37.8%
Potential saving
This Property
£208/sq ft
Area Average
£335/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£476,031
10% above area average per sq ft
Potential ROI
+29.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (PL13)

Area prices are rising by +7.6% over the last 12 months
3 year growth: -4.8%
5 year growth: 10.7%
Investment Disclaimer: Analysis based on PL13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Downs Road, West Looe
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£985
Based on a loan of £201,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE