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 work3-bedroom house · TR16 5TF
For saleListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CASH BUYERS ONLY Presenting a versatile development opportunity, Pendoro offers significant potential for investors or those seeking a multi-generational living arrangement.
Situated in the outskirts of Lanner, with easy access to Carn Marth, which has lovely hiking trails, quarry pools and amphitheatre, the site currently comprises a well-presented 2 bedroom property, a separate one bedroom property and an additional building plot with outline planning permission, providing scope for further development or multigenerational living.
Flat 1: The property boasts a spacious entrance porch and an open hallway leading to the shower room, kitchen, and living room.
The double bedroom includes a large built-in storage area for added convenience.The property has a garden and a parking space. Oil central heating. EPC D, Council Tax Band A.
Rental income of £695 There is a mundic test which shows samples throughout with mundic.
Flat 2: Outside, the property benefits from an enclosed patio and gravel garden area, as well as a gravel driveway with parking for two cars.
On the ground floor, there is a spacious entrance porch leading into an open-plan lounge and kitchen area.
Upstairs, you’ll find a double bedroom, a large single bedroom and another small room that could be used for storage or as a small home office. Electric heating. EPC D, Council Tax Band A.
Rental income of £875 Mundic test which shows samples with mundic in the party wall with flat 1 The Plot: There is also a separate plot with outline planning permission for a 4 bedroom detached house.
The details can be found under planning application number : PA19/09330. The drainage work has been started.
Early viewing is highly recommended to appreciate the full extent of what is on offer and to explore the possibilities this exceptional site presents.
For further information or to arrange a viewing, please contact our office at your earliest convenience.
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
FAQ
About Pennance Road, Lanner, TR16
Explore nearby
