2-bedroom bungalow · TR18 3HY
Sold STCReduced £20k (−6.7%) on 2 JulListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the popular residential area of Heamoor, this two-bedroom detached bungalow presents an excellent opportunity for buyers seeking a property they can update and personalise to their own tastes.
While the property could benefit from some improvements, it offers spacious accommodation, a garage, a small drive, and a good-sized enclosed garden.
The accommodation is entered via a useful front porch, leading through to the main entrance hall.
To the left is a spacious living room, providing a comfortable reception space, while the first bedroom is positioned to the right.
Continuing through the property, a generously sized bathroom sits centrally, serving both bedrooms.
The principal bedroom is particularly impressive in size, offering excellent space for furnishings and storage.
To the opposite side of the bungalow, a small breakfast area provides a pleasant transition into the long kitchen, which offers plenty of potential for modernisation and reconfiguration, subject to any necessary consents.
Externally, the property benefits from a small front garden, driveway parking and a garage.
To the rear, a good-sized enclosed garden provides ample space for outdoor enjoyment, gardening, or further landscaping.
Offering great potential in a sought-after location close to local amenities and transport links, this bungalow represents an exciting opportunity for those looking to create a home tailored to their own requirements.
Agent's Notes: Mobile singal coverage as per ofcom: EE - Good outdoor and in-home; O2 - Good outdoor, variable in-home; Three - Good outdoor, variable in-home; Vodafone - Good outdoor, variable in-home.
Value & comps
No previous sales on record.
Returns
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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 12, Manor Way, Penzance
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