3-bedroom bungalow · TR18 5QN
For saleListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ref: MK0967.
This superbly presented three-bedroom detached bungalow on Lower Gurnick Road offers an exceptional coastal living experience, boasting panoramic sea views across Penzance, St Michael's Mount, and beyond.
The inviting lounge and spacious kitchen/dining room both capture stunning coastal vistas and provide direct access to a large balcony, perfect for alfresco entertaining and enjoying the impressive scenery.
The property features three well-proportioned bedrooms and a family bathroom.
Beneath the main living space, a large basement area presents significant potential for conversion into additional accommodation, subject to necessary regulations.
Furthermore, a useful attic room conversion provides an ideal space for a home office or creative retreat, ensuring versatile living options.
Externally, the property benefits from a driveway leading to an attached single garage, providing convenient parking. The split-level front and rear gardens offer pleasant outdoor spaces.
Heating is provided by oil, complemented by mains electric and water supply. Fibre to the Premises (FTTP) broadband ensures excellent connectivity.
Situated in the charming area of Newlyn, this elevated coastal home is perfectly positioned.
A public footpath almost adjacent to the property leads down to the historic harbour area, just a 5-minute walk away.
Here, you'll discover a range of local amenities including restaurants, pubs, a cinema, an art gallery, and a Co-op supermarket.
The vibrant towns of Penzance and the wider Cornish coastline are easily accessible, offering further leisure and recreational opportunities.
This exceptional property is offered for sale with no onward chain.
This is a truly unique opportunity to acquire a coastal home with breathtaking views and significant potential, and viewing is highly recommended to fully appreciate its charm.
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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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
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FAQ
About 47, Lower Gurnick Road, Penzance
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