2-bedroom house · TR18 2RS
Sold STCListed 212 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two-bedroom terraced property offers convenient on-street parking and is just a short walk from the town centre, making it ideal for both homeowners and investors alike.
The ground floor features an open-plan living and dining area. To the rear, the property benefits from a well-positioned kitchen with access to the outside area.
Upstairs, the first floor comprises two well-proportioned double bedrooms and a family bathroom. Externally, the property offers a low-maintenance courtyard garden to the rear with minimal upkeep.
This property presents an excellent opportunity for first-time buyers or as a buy-to-let investment, thanks to its desirable location and practical layout.
Alverne Buildings is a small terrace of houses on the fringe of Penzance town centre. Walking distance to all local amenities such as the leisure centre, doctors, public library and local shops.
Penzance is at the heart of the tourist area of Penwith in West Cornwall with many attractions including, boutique shopping, character pubs and restaurants, parks, gardens plus wonderful coves and sandy beaches linked by the coastal footpath.
1/2 Glazed front door into: Entrance Porch Tiled floor. Floor to dado panelling. 1/2 Glazed door into: Hall Dado rail.
Stairs rising, into: Lounge/Diner 6.27m x 4.6m Double-glazed window to front, window to rear, gas fire and surround, 3 arched alcoves to one wall with shelving.
Night storage heater (not currently used). Dado rail, power points. Understairs workstation, and storage.
Glazed door into: Kitchen 4.67m x 2.36m Frosted double-glazed door to side rear courtyard, 2 double-glazed windows to rear.
Galley kitchen with cupboards on each side, worktops over, sink and drainer with mixer tap, space for electric cooker, space for washing machine. Space for dishwasher and fridge freezer.
Power points, extractor. Tiled splashback, night storage heater. Stairs to First Floor Landing Power points.
Bedroom 1 4.42m x 3.07m 2 Double-glazed windows to front, power points. Bedroom 2 2.84m x 3.1m Double-glazed window to rear, fitted cupboard to one wall, power points.
Bathroom 2.34m x 2.9m Frosted window to side rear, frosted window to side rear, fitted cupboard, and overhead storage.
Night storage heater, bath with shower over, w/c, wash hand basin, floor to dado tiling. Stairs to: Attic Room 4.45m x 2.51m Boarded, Velux window, storage into eaves on both sides.
Outside to Rear Enclosed courtyard, rear gate access, tap. Services: Electric, mains water and drainage. Council Tax: Band B.
Broadband: We understand from the Openreach website that
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 Alverne Buildings, Penzance, TR18
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