Lot 17 - 10 Polvellan Terrace, Looe, Cornwall, PL13 2EB
- Unconditional Online Auction Sale
- Guide Price* : £19,000+
- Bedrooms: 2
Lot 17 - Bungalow for Owner Occupation/Investment
Description
ONLINE AUCTION from 19th MAY - 21st MAY
A fantastic opportunity to acquire a detached two bedroom bungalow in the highly desirable coastal town of Looe.
Enjoying an elevated position just a stone’s throw from the estuary, the property boasts stunning views across the water and surrounding area. It is also conveniently located within easy reach of Looe’s vibrant town centre, known for its working fishing harbour, sandy beach, and an excellent range of shops, cafés, and restaurants.
The accommodation comprises a spacious lounge, a well-proportioned kitchen, and a good-sized bathroom, offering a solid layout with excellent potential. While the property would benefit from modernisation, it presents an exciting opportunity to create a beautiful coastal home or holiday retreat in a truly sought-after location.
Externally, the property is accessed via private steps from Polvellan Terrace and benefits from a garden area with scope for landscaping-ideal for making the most of the elevated setting and impressive estuary views.
Holiday let income: based on figures on booking.com and Airbnb, this property couldn’t generate you weekly bookings of £1,300 per week if renovated to a high standard and has all the basic amenities.
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Tenancies
To be sold with vacant possession
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email lettings@paulfoshlettings.com for invaluable advice.
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Legal Documents
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Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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