2-bedroom flat · TR18 2FX
For saleReduced £10k (−3.7%) on 7 SepListed 63 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Offered to the market with no onward chain is this extremely well presented, two double bedroom ground floor flat that can be found to the periphery of Penzance town.
The property benefits from the remainder of a new home warranty, allocated parking space, uPVC double glazing along with use of the communal gardens.
The property is warmed via a gas central heating system with accommodation in brief comprising of a light and airy living room/kitchen, double bedroom with en-suite shower room, further double bedroom and a bathroom.
This lovely flat must be viewed to be appreciated so an early inspection is highly recommended to fully appreciate.
Location The property can be found to the periphery of the bustling market town of Penzance that offers a wide range of amenities to include restaurants, local and specialist shops, character public houses together with nearby primary and secondary schooling.
There is a nearby bus stop that gives transport links to the neighbouring villages along with the town of Penzance itself.
Further commuter links are provided by main line railway station which is approximately half a mile distant. Communal front door Leads to a communal hallway. Door to inner hallway with door to...
Entrance hall Wood effect flooring. Double storage cupboard. Wall mounted video entry system. Radiator. Doors to...
Kitchen/living room - 5.54m max x 5.31m max (18'2" max x 17'5" max) Divided into two distinct areas: Living Room - uPVC double glazed French doors lead out out to the patio paved seating area.
Woode effect flooring. Storage cupboard also housing the gas combination boiler. Two radiators. Access to... Kitchen - Work surface area with inset stainless steel sink and drainer.
Inset gas hob with extractor over and electric oven beneath. Cupboards and drawers below. Spaces for washing machine and fridge/freezer. Part tiled surrounds with cupboards above.
Bedroom one - 5.05m max x 3.1m max (16'6" max x 10'2"max ) uPVC double glazed windows to rear with a view over the communal gardens. Wood effect flooring. Radiator. Door to...
En-suite - 2.39m max x 1.76m max (7'10" max x 5'9" max) Double shower cubicle with tiled surrounds and mains fed shower over. Pedestal wash hand basin. Close coupled WC.
Wall mounted heated towel rail. Bedroom two - 4.96m max x 3.05m max (16'3" max x 10'0" max) uPVC double glazed window to rear, again enjoying a view over the communal gardens. Radiator.
Bathroom - 2.17m x 1.7m (7'1" x 5'6") Panelled bath with tiled surrounds and mains fed shower over. Pedestal wash hand basin. Close coupled WC. Wall mounted heated towel rail.
Outside front - Parking area for the residents of Armistice Gardens along with visitors spaces opposite (first come first served basis.
Rear - Patio paved seating area with glazed balustrade s with a further seating area to the side. From here you have access to the well tended communal gardens.
Agents notes Property Type & Construction: Average thermal transmittance 0.20 W/m²K | Electric: Mains | Water: Mains | Drainage: Mains | Heating: Boiler and radiators, mains gas | Broadband: FTTP | Mobile Coverage: Networks likely available are O2, EE, Vodafone and Three all with varying signal | Parking: Off Street, allocated space.
Visitors spaces opposite on a first come first served basis | Restrictions/Covenants: Yes, cannot be holiday let | Rights of Way/Easements: No | Flood Risk: No | Coastal Erosion Risk: No | Planning Permission: No | Accessibility/Adaptations: No | Coalfield/Mining Area: Historic tin mining area | aonb/Conservation Area/Listed: No | Local Authority: Cornwall County Council | Property orientation from front: Westerly | Viewings - By appointment via Andrew Exelby Estate Agents rental potential: To discuss the long-term, residential rental potential of this property, or any other, please contact Whitlocks in Penzance who will be able to guide you through the process.
Their telephone number is . Disclaimer: These sales particulars should act as a general guide. We have not carried out a detailed survey, nor tested services, appliances, and/or specific fittings.
Some data above is dependent upon third party suppliers and responses were correct at the time of listing.
Measurements and floorplans are a guide and should not be relied upon for carpets, furnishings, etc.
If there are any important matters, which are likely to affect your decision to buy, please contact us before viewing this property.
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 2, Armistice Gardens, Penzance
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