3-bedroom house · TR18 5LA
For saleReduced £25k (−6.7%) on 20 JunListed 345 days
Opportunity summary
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About
Guide Price: £375,000-£400,000. Nestled in the heart of Newlyn, this beautifully presented three-bedroom cottage blends character and contemporary comfort with an enviable coastal setting.
The home enjoys panoramic views across the bay and harbour, and the roof terrace benefits from sun in the morning and through the afternoon (typically until around 6pm in summer), creating an excellent space to relax and watch the ever changing seascape.
The ground floor provides an open kitchen/diner ideal for social cooking and entertaining.
Also on the ground floor are two double bedrooms with one boasting an ensuite shower room, while the first floor is arranged as a generous open plan living area that takes full advantage of the harbour and ocean views.
From this living space, double doors open to the roof terrace.
Upstairs, a further double bedroom with a dressing area and a family bathroom complete the accommodation, giving a flexible three bedroom layout full of period charm.
Built of thick granite, the house conveys a reassuring solidity and a warm, historic character throughout.
The property is a short walk from Newlyn’s centre and close to local bus stops and (truncated) Location The location is excellent, with easy access to local bus stops and the nearby cycle path, making it ideal for walking, running, cycling, or sea swimming.
It's within easy walking distance of Mousehole, Newlyn, and Penzance and close to Beryl bikes for convenient local travel.
Material Information What3words: ///insist.paddocks.starlight Tenure: Freehold. | Local Authority - Cornwall Council. | Council Tax - Band C. | Heating - Gas Central Heating.
| Mains Electricity, Water, Gas & Drainage. | Accessibility - Flat access. | Cornwall is situated within an historic mining area therefore a mining search is advisable on all homes.
| Parking - One Free Allocated space. |
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
Agent & docs
FAQ
About 2, Lower Green Street, Penzance
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