7-bedroom terraced house · TR18 4TN
For saleListed 130 days
Opportunity summary
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About
A substantial former public house, now fully residential, offering enormous potential for redevelopment, conversion or creative commercial use, subject to any necessary consents.
Arranged over three storeys, this characterful property presents an ideal project for investors, developers or buyers seeking a unique live/work opportunity.
The ground floor retains much of its former pub layout and currently comprises two generous reception rooms, a kitchen area and former ladies’ and gents’ toilet facilities.
The first floor offers flexible accommodation including a bedroom with en-suite, a large office/further bedroom and an impressive open-plan area with scope for a variety of uses.
The top floor provides three additional rooms, a shower room and a further kitchen area.
The property may lend itself to conversion into three self-contained flats, or alternatively could suit a studio, gallery, café or mixed-use concept, subject to planning permission and listed building consent where required.
Externally, the property benefits from a private walled courtyard and the unusual advantage of ownership of the pavement area to the front, providing off-road parking for two vehicles.
The building is Grade II listed, although we understand the listing relates primarily to the two attractive multi-paned front windows.
Buyers are advised to make their own enquiries regarding listing and permitted uses. A truly versatile property with significant potential in a distinctive and historic setting.
The market town of Penzance and its working harbour lies in a sheltered corner of Mounts Bay in South West Cornwall.
The town offers all amenities including: schools, doctors, churches, banks, shops, restaurants and the famous Jubilee pool and Morrab gardens. The neighbouring town of Newlyn is approx. 1 mile away.
Marazion 3 miles. Sennen, Porthcurno and St.Ives all within a short drive. Part-glazed double doors into; Entrance Tiled floor, panelling floor to dado.
1/2 Glazed door into; Former Bar area into lounge Beams, Georgian window to front with windowseat under, radiator, wooden floors, power points, opening through to bar area, shelving, door to former w/c, utility.
2 Windows to side, wash hand basin and tiling. Inner bar area Radiator, Georgian window to front with windowseat, power point.
Door into; Kitchen Skylight, sink and drainer with worktop surfaces over, electric hob, and oven, cupboards, power points. space for fridge, tiled walls.
1/2 Glazed door to: Rear Porch Space for dishwasher. Reception/Dining Room Wood floors, 2 windows to front, radiator, dado rail, multi-fuel burner, exposed granite to one wall. Beams.
Door into: W/C and Storage Radiator, windows to front and rear.
From entrance, stairs to: First Floor Landing Open Plan Room Open fire working, wood floors, window to rear and window to side.
Shower Room Wash hand basin, radiator, window to front, storage into eaves. Study Window to front.
Opening through to: Bedroom Radiator, window to front and rear, vaulted ceiling, exposed A frames, 2nd Upvc window to front. New Upvc window to rear.
Bathroom Velux window, heated towel rail, bath with shwoer over, wash hand basin, w/c, tiled walls. Stairs to Second Floor Landing Bedroom Window to front, wooden floors.
Into: Kitchen/Dining/Lounge Fitted kitchen with range of cupboards, sink and drainer with mixer tap, electric hob and oven, tiled splash, extractor.
Radiator, Upvc double-glazed window to side, seat recess under, power points. Inner Landing Bedroom Wood floors, radiator, window to front. Bedroom Window to rear.
Shower Room Double-glazed frosted window to rear, w/c, wash hand basin with cupboard under. New Upvc window to rear. Cupboard housing boiler, tiled walls.
Outside Enclosed walled courtyard, gate access to side of the house. Tap. To Front Boundary to front, parking, outhouse. Services: Electric, mains water and drainage, Mains gas.
Council Tax: Band D.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Alverton Street, Penzance, TR18
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