1-bedroom flat · TR18 4ST
For saleReduced £5k (−2.9%) on 28 FebListed 568 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculately presented one bedroom apartment arranged over two floors. The apartment is located on the ground floor within 10 minutes walking distance of Penzance town centre.
The kitchen has convenient breakfast seating, there is a seperate utility area, and the current vendor is using the landing as a useful office space.
Lease details: 999 years commencing on the 21st December 2007 with 982 years remaining. Annual service charge £360. Ground rent £1.
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: Open Plan Living Area 3.12m x 7.44m Slate flooring, two single-glazed sash windows to side and rear. Door to rear porch, two radiators.
Kitchen area- double-glazed window to side. Fitted kitchen with solid wood worktops over, Belfast sink with mixer tap, integrated electric oven and hob with extractor over, space for fridge.
Rear Porch Wooden door to side courtyard. Utility Room 1.45m x 1.47m Boiler, space for washing machine and freezer. Worktop, space for storage.
Cloakroom 0.84m x 1.24m W/C, basin, window to side.
First Floor Bedroom 1 3.66m x 2.34m Two sash windows to side and rear, radiator, ,storage recess with hanging space, wooden floors.
Bathroom 1.37m x 2.29m 1/2 Frosted sash window to rear, bath with shower over, corner basin, w/c, heated towel rail with radiator, wooden flooring, extractor fan.
Landing A good size with office area, sash window to side, radiator.
Outside Off the rear porch there is a good sized courtyard, this is technically a communal space but we are advised by the current owner that has been at the property for three years and has been the only one using it.
Stone boundary, slim raised planted border to one side. To the Front Granite steps upto front door. Communal entrance to the 3 flats on the ground floor.
Services: Electric, mains water and drainage. Council Tax: Band A.
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 Greenbank, Penzance, Cornwall, TR18
Explore nearby