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 work2-bedroom flat · TR18 4DU
Listing removedReduced £15k (−9.1%) on 25 JunListed 270 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Superbly Located Lifestyle Opportunity Near Morrab Gardens & The Seafront Perfectly positioned at the prestigious Morrab Road end of Daniel Place, this first-floor period flat represents a fantastic opportunity for those looking to put their own stamp on a home.
While the interior would now benefit from a program of cosmetic refreshment, the generous 570 sq. Ft.
Layout and prime Penzance location make it a standout choice for investors or first-time buyers alike.
The Property is housed at the end of a characterful terrace dating back to 1900, the flat retains the high ceilings and light-filled proportions typical of the era.
Living Space: Two well-proportioned bedrooms and a bright lounge.
Potential: A versatile attic space offers exciting potential as a "work-from-home" studio or hobby room (subject to the necessary consents).
An Unbeatable Penzance Location The true value of this property lies in its surroundings.
Residents are mere seconds away from: The Seafront: A stone’s throw from the iconic Promenade and the geothermal Jubilee Pool, offering world-class views across Mount’s Bay.
The Gardens: A short, scenic stroll through the sub-tropical Morrab Gardens leads you directly into the heart of Penzance.
Lifestyle: Enjoy the vibrant local culture, from the independent boutiques of Chapel Street to the celebrated cafes and galleries that define this historic port town.
The Opportunity Whether you are looking to create a bespoke seaside retreat or seeking a solid addition to a rental portfolio in a high-demand area, this flat is a "diamond in the rough." It offers the rare chance to acquire a manageable home in one of Penzance’s most sought-after pockets and add value through modernization.
The building is divided into two with the ground floor holding the freehold. Viewing is highly recommended to appreciate the potential and the superb proximity to the coast.
Front Elevation Living Room (3.96 x 2.97 (12'11" x 9'8")) Kitchen (2.39 x 2.16 (7'10" x 7'1")) Bathroom Bedroom 1 (4.32 x 2.24 (14'2" x 7'4")) Bedroom 2 (3.25 2.29 (10'7" 7'6")) Attic Space (3.89 x 3.18 (12'9" x 10'5")) Hallway, Stairs & Landing View
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
.png){kind=logo}
FAQ
About 3, Daniel Place, Penzance
Explore nearby
