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See how verdicts work1-bedroom flat · TR18 2AJ
Sold STCListed 220 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom flat situated in a popular residential street, within the town of Penzance and offered for sale with no onward chain.
The accommodation comprises of an open plan lounge/kitchen with double glazed bay window to front, en suite double bedroom and courtyard to the rear.
The flat is double glazed and gas centrally heated throughout, offered for sale with no onward chain and would make an ideal first time buy/investment purchase.
Property additional info Half glazed wooden door into: COMMUNAL HALLWAY: With door into: FLAT 1 INNER LOBBY: Opening into the: LIVING ROOM/KITCHEN: 18' 0" into bay x 15' 0" maximum (5.49m x 4.57m) Double glazed bay window to front, two radiators, feature fireplace to one wall (not used), picture rail, ceiling cornices.
KITCHEN AREA: Fitted with wall units with worksurfaces and tiling over, electric oven, hob, filter fan, stainless steel sink, space and plumbing for washing machine and undercounter fridge, door to: BEDROOM: 12' 4" x 11' 7" (3.76m x 3.53m) Two radiators, ceiling cornices and picture rail, cupboard housing boiler and electric meter, door to: EN SUITE: Tiled floor and walls, WC, pedestal wash hand basin with shaver light and point over, fully tiled shower cubicle, radiator.
Double glazed door from bedroom leads to: ENCLOSED COURTYARD: Giving space for bistro set. To the front of the property is a communal bin store. SERVICES: Mains water, electricity, gas and drainage.
AGENTS NOTE: No holiday let allowed. We understand from Openreach website that Full Fibre Broadband (FTTP) is available to the property. We tested the mobile phone signal for O2 which was good.
The property is constructed of granite under a tiled roof. LEASE: 999 years from 2024. CHARGES: Service charges £720.00 per annum. Roof type: Others. Mobile signal/coverage: Good.
Construction materials used: Others. Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (gas).
Broadband internet type: FTTP (fibre to the premises). Parking Availability: No.
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
FAQ
About 12 Pendarves Road, Penzance, TR18 2AJ
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