Lot 25 - 9 Polvellan Terrace, Looe, Looe, Cornwall, PL13 2EB

Description

ONLINE AUCTION from 23rd JUNE - 25th JUNE

A fantastic opportunity to acquire a two bedroom detached bungalow in the highly desirable coastal town of Looe.

Enjoying an elevated position just a stones 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 spacious lounge, a well-proportioned kitchen and a good size shower room. 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 an outdoor 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.

Frequently Asked Questions:

Is the guide price correct?
Yes, the guide price is £10,000

Can I make an offer before the auction?
No, this lot cannot be sold prior and has to go to auction.

Why is the guide price so low?
The vendor is willing to accept a low reserve price, so the guide price reflects this.

What will it sell for?
We do expect bidding to exceed the reserve price, but with unique lots like this we cannot predict where the bidding will end up. The property is worth what someone is willing to pay for it. Bidders are required to do their own due diligence, including reading the legal pack (available on the agent's website) in full.

Can I view it?
Yes, scheduled block viewings are available. Please book on the Paul Fosh Auctions website.

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.