Studio flat · TR18 4NW
For saleListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SETTING THE SCENE Penzance has long been celebrated for its thriving artistic community.
From the historic and gorgeous Georgian buildings of Chapel Street, including the remarkable Egyptian House, to the independent galleries and creative studios found throughout the town, Newlyn and nearby St Ives, art and craftsmanship are woven into the fabric of everyday life.
The renowned Penlee House Gallery and Newlyn Art Gallery are within an easy walk, reflecting a landscape that has inspired generations of artists.
But Penzance is equally defined by its connection to the sea.
One can swim safely in Mounts Bay immediately in front of the apartment or at the historic Art Deco Jubilee Pool, thoughtfully restored with its geothermal bathing pool, just a five minute stroll along the promenade.
The South West Coast Path passes the doorstep, leading west towards Newlyn, Mousehole, Lamorna and the spectacular Minack Theatre at Porthcurno.
Beyond, the Penwith Peninsula unfolds with dramatic cliffs, beautiful beaches, secluded coves, ancient stone circles and some of Cornwall's most breathtaking scenery.
Within walking distance, Penzance railway station marks the end of the main line, offering an overnight 'sleeper' service to London Paddington.
From the harbour, a regular ferry service departs for the Isles of Scilly, while Penzance Heliport provides year-round helicopter connections.
Compact and wonderfully walkable, the town is home to an excellent selection of independent cafés, restaurants, galleries and shops, all set against the ever-changing backdrop of Mount's Bay.
THE TOUR Occupying the uppermost floors of an elegant building on Penzance promenade, this large, bright, contemporary penthouse unfolds across two expansive levels, where every principal room has been designed to celebrate its remarkable south facing position overlooking Mount's Bay.
The lower floor is centred around a wonderfully sociable open-plan kitchen and dining space, opening directly onto the sea-facing balcony, with two beautifully appointed en suite guest bedrooms behind.
Upstairs, the principal sitting room commands uninterrupted panoramic views across the bay, complemented by a separate snug offering a quiet retreat.
The principal bedroom enjoys its own spectacular outlook, complete with balcony access and a beautifully designed en suite centred around a freestanding bath.
Throughout, elegant interiors, bespoke joinery, natural textures and an abundance of glazing come together in a understated way that allows the remarkable setting to remain the focal point, with every room carefully composed to frame the ever-changing light and coastline beyond.
STEP OUTSIDE A generous sea-facing balcony spans the front of the property, framing uninterrupted views across Mount's Bay towards the iconic silhouette of St Michael's Mount.
It's a wonderful spot for morning coffee, alfresco dining or simply watching the ever-changing coastal landscape.
To the rear, a private terrace offers a more sheltered setting, perfectly positioned to enjoy the afternoon and evening sun.
There is on-street parking directly outside the property and along the promenade, with additional parking available opposite at Wherrytown Car Park, where charges apply.
LEASE TERMS 999 year lease from 2021.
Service Charge is £300 per calendar month (Buildings Insurance, cleaning of the common areas, general maintenance and contribution to shared building maintenance fund included).
SERVICES Mains water, electricity and drainage with gas fired central heating. FTTC (Fibre To The Cabinet) broadband.
Please be aware we cannot confirm that all these services comply with current regulations DISTANCES (all distances approximate) Penzance Station (main line) 1 mile, Newlyn 1 mile, Lands End Airport 7 miles, St Ives 8 miles, Truro 28 miles, Newquay airport 39 miles WHAT3WORDS LOCATION ///tripled.qualified.bookings EPC B COUNCIL TAX BAND D VIEWING Strictly by appointment with Jonathan Cunliffe.
Prior to making an appointment to view, we strongly recommend that you discuss any particular points which are likely to affect your interest in the property with a member of staff who has seen the property in order that you do not make a wasted journey.
ANTI-MONEY LAUNDERING REGULATIONS It is a legal requirement that we receive verified identification from all buyers before a sale can be formally instructed.
Your cooperation on this matter is much appreciated to ensure there in no unnecessary delay in concluding a sale. We will inform you of the process once your offer has been accepted.
PROOF AND SOURCE OF FUNDING Prior to agreeing a sale, our clients may require us to obtain a proof of your financial ability to purchase.
Again, we ask for your cooperation on this matter to avoid any unnecessary delays and will inform you of what we require prior to agreeing a sale.
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.
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