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Talland Hill, Looe, PL13

South West

£200,000
Listed on 01/12/2025

Property Details

Bedrooms
1
Type
Detached house
Area
1163 sqft

Description

This unique one-bedroom detached cottage offers a fantastic chance for buyers seeking a property with potential in the charming fishing village of Polperro. Set in an elevated location, this cottage captures the essence of coastal living in Cornwall, characterized by its scenic views and rich local history. The interior presents a cozy atmosphere, making it suitable as either a personal seaside retreat or as a compact home. Notably, the separate outbuilding introduces opportunities for further development—ideal for conversion into additional living space or a studio (subject to relevant planning permissions). The outside space features a raised patio that not only boasts scenic views of the harbour but also provides an inviting setting for alfresco dining and relaxation. Polperro is renowned for its picturesque narrow streets and vibrant community, making it an appealing destination for holidaymakers. This property has demonstrated success as a holiday rental, thus presenting substantial income potential alongside the appeal of residential living. With some thoughtful renovations, such as updating fixtures or enhancing outdoor areas, this cottage can significantly increase both its functionality and market value, making it an enticing investment opportunity in a desirable coastal area.

Investment Analysis

(PL13 area)

Below Market Value

This property is priced -48.7% below area average per sq ft

-48.7%
Potential saving
This Property
£172/sq ft
Area Average
£335/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£428,502
10% above area average per sq ft
Potential ROI
+78.5%
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

Talland Hill, Looe, PL13
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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
£733
Based on a loan of £150,000 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