1-bedroom flat · TR18 2ER
For saleReduced £20k (−8.5%) on 28 SepListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a truly outstanding opportunity for a great life style choice. The former fish and chip shop has A3 commercial usage and the self contained 2 bedroomed apartment has its own seperate entrance.
Surrounded by lots of chimney pots and close to the station the potential is immense. All commercial cooking equipment is included if required .
The apartment is really nicely presented with great sea views. Perfect owners accommodation There is outdoor space.
The former fish and chip shop could easily be converted to provide another 2 bedroomed apartment subject of course to any necessary consents. Minutes to the station, watrerfront and town centre.
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
Agent & docs
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FAQ
About 33 Adelaide Street, Adelaide Street, Penzance
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