We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · TR18 2PJ
For saleReduced £50 (−0%) on 15 OctListed 178 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tucked away in one of Penzance’s most delightful period terraces is this delightful three-storey house which offers a rare combination of historic charm and modern convenience.
This home is a true standout for the area, boasting the highly coveted benefit of both garden and parking. The property features a charming, small front garden that provides a welcoming entrance.
Beyond the parking area, there is a private main garden, a wonderful "hidden" oasis that offers a beautiful retreat. The interior is bathed in natural light, creating a bright and airy atmosphere.
Spread over three well-designed floors, the property offers a flexible layout. On the ground floor an open plan lounge/dining room leading to the well equipped kitchen.
On the first floor are 2 bedrooms and the family bathroom. Bonus Space: A versatile attic room, perfect for use as a home office, hobby space, or quiet retreat.
The Location: Perfectly positioned for effortless town-centre living, just a short distance to Penzance’s high street amenities, local cafes, and independent shops.
For those focused on health and leisure, the Penzance Leisure Centre is just moments away. Services: Mains Gas, Electric, Water & Drainage. Gas-fired central heating and double glazing throughout.
Cornwall Council tax band C. Ofcom suggests that Superfast broadband is available and that mobile coverage is good on most networks.
Elevations Open Plan Living Room (4.59 x 6.59 (15'0" x 21'7")) Kitchen (4.46 x 3.26 (14'7" x 10'8")) Stairs & Landing Bedroom 1 (4.55 x 3.32 (14'11" x 10'10")) Bedroom 2 (2.97 x 2.91 (9'8" x 9'6")) Bathroom (2.25 x 1.82 (7'4" x 5'11")) Attic Room (4.71 x 4.03 (15'5" x 13'2")) Gardens & Parking
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
FAQ
About 3, St. Michaels Terrace, Penzance
Explore nearby
.png){kind=logo}
