Summary - The Old Forge, Mill Hill PL13 2RP
3 bed 2 bath Terraced
Rare freehold combining a profitable visitor attraction and spacious three-bedroom residence.
Long-established model village business with proven seasonal footfall
Three-bedroom owner’s home above attraction, approx. 2,382 sq ft
Vaulted open-plan living with AGA; log burner in sitting room
Large private sun terrace with village rooftop views
Annual turnover ~£40,000; net profit ~£37,000 (low operating costs)
Private parking available separately; not included by default
Medium flood risk — consider insurance and mitigation measures
Oil-fired heating; seasonal income and local area deprivation noted
Set in the heart of historic Polperro, this rare freehold combines a long-established visitor attraction with a substantial three-bedroom home. The Model Village business has decades of seasonal footfall and low operating costs, providing a proven income stream alongside a characterful residence with vaulted living space and a large sun terrace.
The residence benefits from thoughtful layouts: a vaulted open-plan kitchen, dining and living area with an AGA, a cosy sitting room with a log burner, a generous master with walk-in wardrobe and two flexible mezzanine-style bedrooms. The home is well-presented and spacious (approx. 2,382 sq ft), ideal for someone wanting on-site living with direct oversight of the attraction.
Commercially, the business shows strong margins (approx. £40,000 turnover and £37,000 net profit) and low overheads, offering immediate cashflow for an owner-operator or investor. There is scope to grow revenues through extended opening hours, merchandising, events and marketing. Private parking is available but subject to separate negotiation — current sale does not guarantee a space.
Material considerations: the property sits in a medium flood-risk area and is in a location with local area deprivation indicators. Heating is oil-fired via boiler and radiators. The attraction is seasonal by nature, so income will vary through the year. Prospective buyers should review full financial accounts and consider flood insurance and any conservation requirements for this historic village location.
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