3-bedroom terraced house · TR18 4HW
For saleListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A three-bedroom terraced home offering generous accommodation, excellent privacy and plenty of potential for modernisation.
With off-road parking, an integral garage and attractive communal grounds, this is a property that would make an ideal first-time purchase, investment or family home.
The ground floor comprises an integral garage, separate WC, a kitchen/dining room and a generous living room, providing well-proportioned living space with scope to update and personalise.
On the first floor are two large double bedrooms and a further small double bedroom, accessed through a charming secret bookcase door, together with a family bathroom.
Outside, the property enjoys a pretty and private courtyard garden to the front, which opens onto a large communal lawn area for residents to enjoy.
The communal gardens are professionally maintained by a gardener, creating an attractive and low-maintenance setting.
The property is currently heated by limited electric heating, although mains gas is available in the road should purchasers wish to explore alternative heating options, subject to any necessary consents and connections.
In need of modernisation throughout, this is a fantastic opportunity to acquire a spacious home with character and potential in a peaceful and private setting.
You have a 1/27th share of the beautiful private communal gardens. The property has no onward chain.
Walking distance to the town centre, train and bus station this property is ideally situated on the fringe of Penzance.
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.
Front door into: Living Room 3.6m x 5.77m Upvc double-glazed window to front, electric radiator, 2 built-in shelving unit.
Inner Hall Stairs rising, understairs storage, electric radiator, door to: Kitchen/Diner 3.66m x 3.35m Upvc double-glazed doors to rear, sink and drainer, space for appliance, plumbing for washing machine and dishwasher.
Garage 5.46m x 3.02m Electric door, Upvc double-glazed to one side and door, power and plumbing, door to storage cupboard.
Cloakroom 0.91m x 0.91m Upvc double-glazed window to side, w/c, wash hand basin. First Floor Landing Door to airing cupboard, door to overstairs storage.
Bedroom 1 3.68m x 3.05m 2 Double doors to storage cupboards, Upvc double-glazed window to front, access to loft space.
Bedroom 2 3.05m x 3.05m Upvc double-glazed window to rear, double doors to storage cupboard.
Bathroom 2.44m x 1.8m 2 Upvc double-glazed windows to front, electric radiator, w/c, wash hand basin, shower, bath, heated towel rail.
Bedroom 3 2.46m x 2.74m Upvc double-glazed window to front. Outside to Front There is a pretty enclosed courtyard garden with communal area.
To the Rear Off-road parking and garage. Services: Electric, mains water and drainage, Council Tax: Band D.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Penlee Manor Drive, Penzance, TR18
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