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See how verdicts work2-bedroom house · TR18 2ER
For saleReduced £20k (−8.5%) on 27 OctListed 75 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a truly outstanding opportunity for a great life style choice. The former fish and chip shop has A3 commercial usage and the self contained 2 bedroomed apartment has its own seperate entrance.
Surrounded by lots of chimney pots and close to the station the potential is immense. All commercial cooking equipment is included if required .
The apartment is really nicely presented with great sea views. Perfect owners accommodation There is outdoor space.
The former fish and chip shop could easily be converted to provide another 2 bedroomed apartment subject of course to any necessary consents. Minutes to the station,watrerfront and town centre.
FORMER FISH AND CHIP SHOP 4.0m x 3.0m Preston and Thomas deep fat fryer/warmer. Sea views. DINING ROOM 4.2m x 3.6m SEPERATE WC. PREP ROOM 5.0m x 3.0m.
Preston and Thomas Fish fryer and warmer. Rumbler chipper. 2 deep freezes. Sink. THE APARTMENT ENTRANCE HALL. Stairs rising LIVING ROOM/KITCHEN 3.5m x 2.8m Sea views.
Range of built in cupboards. Oven and hob. INNER HALLWAY. Access to loft. Dimplex heater BEDROOM 1 4.0m x 3.6m Sea views. Victorian fireplace. BEDROOM 2 3.1m x 2.5m.
OUTSIDE Enclosed private yard .Storeroom.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
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FAQ
About Former Fish and chip shop and flat - 33 Adelaide Street - Penzance
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