1-bedroom flat · TR18 2TB
Listing removedListed 92 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A retirement first floor apartment with no onward chain. The property is well presented and has a pretty rear patio. This complex is suitable for over 60's only.
It has an excellent EPC rating and an early viewing is advised. Lease details 125 year lease created 2004. Maintenance/service charge for 23/24 approx £3,179.67 per annum.
Ground rent approximately £395.00 per annum. Situated in Trafalgar Court which was built in 2005 and is made up of 38 properties.
The complex has a lot to offer including: residents' lounge, day time house manager, laundry, library, 24hr emergency care line, lift to all floors, communal gardens, gated parking and a guest suite.
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 Powerpoint, door to cupboard with shelving and electrics.
Door to Walk-in cupboard For storage and housing water tank. Shower Room 2.06m x 1.68m Extractor fan, electric wall mounted heater, large double shower. handrail, W/C, and tiled walls.
Bedroom 5.9m x 2.74m Night storage heater, double-glazed window to side looking out into the outside area and across to Penzance. Fitted wardrobe with storage and hanging.
Power points, TV point. Lounge and Dining Room 5.94m x 3.25m Night storage heater, power points, TV point.
Security pull cord, double-glazed door to side patio and path, paved double-glazed window to side. Glazed French doors into: Kitchenette 2.29m x 2.16m Double- glazed window to side.
Fitted kitchen comprising range of cupboards and drawers, sink and drainer with electric oven and hob, exractor. Tiled splash, space for fridge and freezer, power points, wall mounted electric heater.
Access to outside area, paved area from the front. Services: Electric, mains water and drainage. Council Tax: Band B.
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 Trafalgar Court, Penzance, TR18
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