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See how verdicts work2-bedroom bungalow · TR18 3AZ
Listing removedReduced £10k (−7.1%) on 20 JunListed 331 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A detached park home situated in a popular residential area of Eastern Green, on the outskirts of Penzance, offering accommodation to comprise of two bedrooms, bathroom, open plan living room/kitchen/dining room.
There are low maintenance gardens surrounding the property with parking.
The home is double glazed and gas centrally heated and situated in a popular residential park on the outskirts of Penzance, yet within easy walking distance of local supermarkets and the beaches surrounding Mount's Bay.
The property is for residents aged 45 and over.
Property additional info External steps lead to UPVC double glazed door into: Hallway: Doors to: Kitchen: 10' 6" x 8' 0" (3.20m x 2.44m) Double glazed to two sides, radiator, base and wall units with worksurfaces and tiling over, single drainer stainless steel sink, gas hob, electric oven, filter fan, wall mounted gas boiler supplying domestic hot water and central heating, plumbing for washing machine, space for fridge/freezer.
Kitchen opens into: Lounge: 11' 0" x 10' 6" (3.35m x 3.20m) Double glazed windows to front and side, double glazed patio doors onto small sun terrace, radiator, eletric fire with wood surround, TV and telephone points.
Bedroom one: 10' 6" x 8' 9" (3.20m x 2.67m) Double glazed window to side, radiator, built in wardrobes. Bedroom two: 7' 7" x 5' 6" (2.31m x 1.68m) Double glazed window to side, radiator.
Outside: The property is approached with parking for one vehicle to one side and the garden is laid to gravel and decking, enclosed by wooden fence with two storage sheds.
Services: Mains water, electricity, gas and drainage. Tenure: The property is located on the Eastern Green Park, where there is a monthly ground rent of £199.86.
This is reviewed annually in April and adjusted in line with rpi.
The park is for residents aged 45 and over, grandchildren are allowed to visit and may stay overnight with the permission of the site owner.
Up to two pets are allowed with written permission from the site owner directions: Via "What3Words" app: ///interlude.secretly.flasks agents note: We understand from Openreach website that Fibre to the Cabinet Broadband (fttc) is available to the property.
We tested the mobile phone signal for O2 which was good. When the property is sold, 10% of the selling price goes to the site owner. 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: Fttc (fibre to the cabinet). Parking Availability: Yes.
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
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FAQ
About 4 Eastern Green Park Three, Eastern Green, Penzance
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