2-bedroom house · TR18 3BS
For saleReduced £25k (−9.1%) on 17 AugListed 126 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom period property situated in the heart of the property village of Gulval. The property now requires complete internal refurbishment and is ready for a new owner to put their stamp on it.
Internally the accommodation comprises, living room, separate dining room and kitchen on the ground floor. Whilst on the first floor is a shower room and two bedrooms.
Outside there are attractive gardens to the front and rear. The property benefits from partial double glazing and electric heating. Available chain free.
Freehold Services, mains water and drainage, council tax band B Ofcom suggests mobile phone coverage is good on most networks and ultrafast broadband is available.(not connected at present) Living Room (4.00 x 3.04 (13'1" x 9'11")) Double glazed window to the front, fireplace (not in use) arched recess to either side, night storage heater.
Dining Room (4.16 x 3.09 (13'7" x 10'1")) Stairs rising to the first floor, understairs storage cupboard, wood burning stove with a recess to either side, window, night storage heater.
Kitchen (2.85 x 2.39 (9'4" x 7'10")) A range of wall and base units, inset sink, spaces for a fridge, washing machine and cooker, two double glazed windows, beamed ceiling, double glazed stable door to the rear garden.
Landing Access to the loft, doors to the bedrooms and the shower room. Bedroom One (4.15 x 3.08 (13'7" x 10'1")) A spacious and light room, double glazed window to the front, night storage heater.
Bedroom Two (3.07 x 2.39 (10'0" x 7'10")) Window to the rear.
Shower Room (2.85 x 2.39 (9'4" x 7'10")) Large shower enclosure, electric shower unit, WC, pedestal wash hand basin, window, night storage heater, cupboard housing the hot water cylinder.
Front Garden Pretty front garden with an attractive array of plants.
Rear Garden At the rear you have access to the right of way which runs along the rear of the terrace, next to this is the rear garden which is level and has a number of small palm trees and plants.
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
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FAQ
About 2, Helnoweth Cottages, Penzance
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