Summary - Flat 5, The Old Post Office, Fore Street PL13 1DT
1 bed 1 bath Flat
Ideal coastal let with river views and strong rental demand.
- Waterside first-floor studio beside Looe River, central town location
- Currently used successfully as a holiday let, chain free sale
- Compact footprint, approx 399 sq ft — single occupancy ideal
- Very long lease (~980 years) but tenure is leasehold
- Service charge ~£1,300pa; ground rent £150pa
- High flood risk — may affect insurance and rental seasonality
- Electric storage heating; broadband speeds reported slow
- Excellent mobile signal; built in 2007–2011 conversion
A compact, well-presented first-floor studio in the converted Old Post Office, positioned directly beside the Looe River. The current owner has operated it as a successful holiday let, and the open-plan layout with high ceilings and bright finishes suits short-term rentals or a lock-up-and-leave coastal pied-à-terre. Chain free sale and a very long lease (circa 980 years) simplify purchase logistics.
Practical running costs and constraints are clear: this is a leasehold flat with an average service charge of £1,300pa and a small ground rent of £150pa. Heating is by electric storage heaters and broadband speeds are reported slow — manageable for holiday use but worth noting if you expect full-time connectivity. The apartment is small at about 399 sq ft, so it’s best suited to single occupancy or couples and those focused on rental income rather than long-term family living.
Buyers should weigh the asset’s strong tourist-location upside against material risks. The property sits in a high flood-risk area next to the river; this may affect insurance costs and seasonal availability. The building dates from a recent conversion (2007–2011), and the interior appears well maintained, but any purchaser should commission flood-risk, insurance and condition checks before committing.
Overall this is a straightforward coastal investment or second-home opportunity: easy to manage, centrally located for Looe’s harbour, shops and station, and with immediate holiday-let potential. Be realistic about size, connectivity and flood exposure when assessing projected returns or personal use plans.
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