2-bedroom flat · TR19 7PW
Listing removedListed 328 days
Opportunity summary
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About
Ground rent (For Leasehold tenure): £10 per year. A one/two bedroom first floor flat situated in the popular village of Tregeseal on the outskirts of St Just.
The property is in need of some modernisation and is offered with No Onward Chain.
The accommodation consists of shower room, kitchen, lounge/dining room ( of which was a bedroom) and a further bedroom to the rear of the flat.
There is allocated parking, a courtyard to the rear and the flat is double glazed and heated by wall mounted electric heaters.
The flat enjoys views across fields towards the town of St Just with all its amenities.
Property additional info External staircase leads to: Porch: Double Glazed door and windows, further double glazed door into : Hallway: Doors to : Shower room: Double glazed window to rear, pedestal wash hand basin, w/c, fully tiled shower cubicle, electric heater, extractor fan, built in cupboard.
Kitchen: 11' 6" x 7' 0" (3.51m x 2.13m) Base units with worksurfaces over, 1 1/2 bowl sink unit, plumbing for washing machine, hot water heater, glazed window overlooking lounge.
Lounge: 11' 0" x 8' 0" (3.35m x 2.44m) TV and Telephone point, double glazed window overlooking Tregeseal Valley, electric heater, Lounge opens into: Bedroom two/dining room: 10' 0" x 8' 7" (3.05m x 2.62m) Double glazed window overlooking the valley, electric heater, wardrobe to one wall.
Bedroom one: 10' 6" x 10' 3" (3.20m x 3.12m) Double Glazed window to rear, electric heater, wardrobe.
Outside: To the side of the property there is parking for several vehicles and a fully enclosed courtyard to the rear. Services: Mains water, electric and drainage.
Directions: Via "What3Words" app: ///octagon.dominate.motored agents note: We understand from Openreach that Fibre to the Cabinet Broadband (fttc) is available to the property.
We tested the mobile phone signal for O2 which was good. The property is constructed of cavity block under a concrete tiled roof. Lease: 999 years from 04/02/1988 charges: Ground rent: £10 pa.
Service charge: Tbc Roof type: Concrete roof tiles. Mobile signal/coverage: Good. Building Safety: None of the above. Construction materials used: Brick and block. Water source: Direct mains water.
Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (electric). Broadband internet type: Fttc (fibre to the cabinet).
Parking Availability: Yes.
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
FAQ
About 23 Nancherrow, Tregeseal, Penzance
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