1-bedroom house · TR18 2FJ
To rentReduced £100 (−6.7%) on 13 OctListed 93 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**ONE BEDROOM RETIREMENT APARTMENT IN PENZANCE** **SOUTH WEST FACING** Situated in a South-Westerly position in the popular development of Mounts Bay Lodge is this delightful one bedroom third floor apartment.
The property is presented in very good order throughout and is conveniently located for the stairs.
The Living Room offers ample space for living and dining room furniture and benefits from a feature electric fire with attractive surround.
A French door opens to a private balcony and windows provide lots of natural light.
The Kitchen is accessed via the Living Room and offers a range of modern eye and base level units with working surfaces over and tiled splashbacks.
There is a built-in waist height oven, 4 ring electric hob, washer/dryer, fridge and freezer. A window allows for light and ventilation.
The Bedroom is a good-sized double room with a built-in mirrored wardrobe. A window keeps this lovely bedroom bright and airy.
The Shower Room offers a curved shower with handrail, a WC, wash hand basin with vanity unit beneath and a heated towel rail.
Perfectly complimenting this wonderful apartment is a useful storage cupboard located in the hallway. Call us today to book your viewing!
Mounts Bay Lodge is a striking development of 51 one and two-bedroom apartments found in the historic town and port of Penzance.
These beautiful apartments benefit from the most sought after views of the harbour, far reaching towards St Michael’s Mount.
Mounts Bay Lodge is ideally located for the town centre and has easy access to many local amenities.
It is just a short walk to Market Jew Street and Alverton Road, which boast a wide selection of independent stores, including a butchers, bakers, delicatessen and fishmongers, all providing locally sourced food.
Penzance holds a Country Market every Thursday and a Farmers' Market each Friday, with stalls offering fresh produce, crafts, flowers and plants. Getting out and about couldn’t be easier.
Penzance is well served by public transport around the town, along with scheduled journeys to other towns and cities. The town has good transport links and can be accessed easily by car and by train.
By road the A30 serves as the main link between Cornwall and the Northern Counties, and by rail Penzance is the starting station on the Cornish mainline, ending in Plymouth, with frequent train services operated by First Great Western.
Newquay Airport is situated 40 miles North-East of Penzance and has flights to a number of UK destinations as well as some to mainland Europe.
The Lodge manager is on hand throughout the day to support the owners and keep the development in perfect shape.
They arrange many regular events in the Owners’ Lounge from coffee mornings to games afternoons. A Guest Suite is available for your friends and family to stay in.
In addition, you are entitled to use the Guest Suites at all Churchill Living developments across the country. Prices are available from the Lodge Manager.
Mounts Bay Lodge has been designed with safety and security at the forefront, all apartments and communal areas have an emergency Careline system installed, monitored by the onsite Lodge Manager during the day and 24 hours, 365 days a year by the Careline team.
A Careline integrated intruder alarm, secure video entry system and sophisticated fire and smoke detection systems throughout both the apartment and communal areas provide unrivalled peace of mind.
Mounts Bay Lodge is managed by the award winning Churchill Estates Management, working closely with Churchill Living and Churchill Sales & Lettings to maintain the highest standards of maintenance and service for every lodge and owner.
Mounts Bay Lodge requires at least one apartment resident to be over the age of 60 with any second resident over the age of 55.
OVER 60's RETIREMENT APARTMENT Council Tax Band B Please check regarding Pets with Churchill Estates Management.
Any consents given in relation to pets are subject to the terms of the lease and any further rules and regulations made by Churchill Estates Management.
LANDLORD PAYS: Service charges include: Careline system, buildings insurance, water and sewerage rates, communal cleaning, utilities and maintenance, garden maintenance, lift maintenance, lodge manager and a contribution to the contingency fund.
Security Deposit A security deposit equal to 5 week’s rent will be payable at the start of the tenancy. This covers damages or defaults on the part of the tenant during the tenancy.
It will be reimbursed at the end of the tenancy subject to the details of the agreement and the findings of the inventory check out report.
Holding Deposit A holding deposit equal to 1 weeks rent will be payable on acceptance of an application.
This will be held and used towards the first months rent Please note: The holding deposit will be withheld if the applicant(s) or any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 30 days (or other deadline as mutually agreed in writing).
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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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About Mounts Bay Lodge, Penzance, Cornwall
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