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See how verdicts work1-bedroom flat · TR18 2EH
For saleListed 180 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented top floor flat offering comfortable and low-maintenance living, ideally suited to first-time buyers, investors, or those seeking a coastal retreat.
The property benefits from a secure entry system and enjoys elevated views towards the iconic St. Michael’s Mount, adding to its appeal and sense of location.
Lease: 992 Years remaining, Lease commenced 2019. Annual Service Charge: £1,750.00 Ground Rent £50.00 Buildings Insurance £350.00.
The Lease does not allow Airbnb, you can long let and are allowed pets with prior permission. This property is set in Bread Street a quiet back street seconds from the town centre.
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: Entrance Hall Electric radiator, call entry system, doors to storage cupboard.
Bedroom 1 5.18m x 4.27m Wooden double-glazed window to front, second window with view to St. Michael's Mount. 2 Electric radiators.
Bathroom 1.83m x 2.44m Frosted double-glazed wooden window to front, w/c, wash hand basin, w/c, heated towel rail, bath with shower over. Extractor fan.
Open Plan Living Area 5.49m x 3.66m 2 Upvc double-glazed windows to rear with far reaching sea views. 2 Electric radiators.
Kitchen - Sink and drainer, space for fridge freezer, space for integrated oven and hob with extractor. Council Tax: Band A. Services: Electricity, mains water and drainage.
Broadband: We understand from Openreach that full fibre is available to the property.
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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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 The Barn, Bread Street, Penzance, TR18
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