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See how verdicts work3-bedroom flat · TR10 8BL
For saleListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Three Bedroomed Apartment Nestled in the heart of Penryn, this spacious three-bedroom apartment on St. Gluvias Street presents an exceptional opportunity for both prospective homeowners and investors.
Boasting a highly convenient in-town location, this property offers comfortable living within easy reach of local amenities, shops, and transport links.
The apartment features a fitted kitchen, providing a practical and inviting space. Adjacent to this, the generous and spacious lounge offers ample room for relaxation and entertaining.
Natural light floods the living areas, creating a bright and airy atmosphere throughout.
A standout feature is the private balcony, offering a tranquil outdoor space perfect for morning coffee or evening unwinding.
Accommodation comprises three comfortable bedrooms, offering flexibility for families, guests, or home office use. The fully fitted bathroom is modern and well-maintained, catering to all daily needs.
The layout is thoughtfully designed to maximise space and functionality.
Being sold with the significant benefit of no onward chain, this apartment offers a smoother and potentially quicker purchasing process, reducing common delays associated with property transactions.
This makes it an even more attractive proposition for those looking to move swiftly.
Further enhancing its appeal, the property is offered as leasehold with a share of the freehold, providing a desirable balance of ownership and management.
While the apartment does not come with dedicated parking, nearby parking options are readily available, ensuring convenience for residents and visitors alike.
Penryn is a vibrant, historic town with a rich cultural heritage and a strong sense of community.
Its proximity to Falmouth provides access to further amenities, including the university campus, stunning beaches, and a bustling harbour.
Excellent transport links connect Penryn to the wider Cornwall area, making it an ideal base for exploring the region.
This three-bedroom apartment represents a fantastic opportunity to acquire a versatile property in a sought-after location.
Whether you are seeking a comfortable family home, a convenient base for professionals, or a sound investment with strong rental potential, this property ticks all the boxes.
Early viewing is highly recommended to fully appreciate the space, location, and potential on offer.
Material Information Tenure: Leasehold Lease length: 988 years remaining (999 years from 2015) Service charge: £0/year Council tax band: A EPC rating: D - 61 The building Standard construction Accessibility adaptations: None Services Mains electricity Mains water Mains foul drainage Mains surface water drainage Heating: Mains Gas Heating features: Gas central heating Broadband: FTTP Mobile coverage: O2 great, Vodafone great, Three great, EE great Parking: None Risks and restrictions Not listed Not in a conservation area No tree preservation order Title register restrictions (CL315874): - The property cannot be sold or transferred to someone else without a certificate from a property lawyer (conveyancer).
This certificate must confirm that the current owner has followed specific rules (clauses 7.5 and 7.6) set out in the lease. - The lease contains restrictions on 'alienation'.
This is a legal term meaning there are specific conditions or rules that must be met if the owner wants to sell, rent out, or share the property with others.
- The property benefits from legal rights (easements) granted in the lease.
These are positive rights that allow the owner to use certain facilities or areas, such as shared access paths or utility pipes, that are not part of the flat itself.
Disclaimer Smart Property Group and its clients give notice that; they have no authority to make or give any representations or warranties in relation to the property.
These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate.
The text, photographs and plans are for guidance only and are not necessarily comprehensive.
It should not be assumed that the property has all necessary planning, building regulation, or other consents, and Smart Property Group has not tested any services, equipment, or facilities.
Purchasers must satisfy themselves by inspection or otherwise. Smart Property Group is a member of The Property Ombudsman scheme and subscribes to "The Property Ombudsman Code of Practice.”
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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FAQ
About 1, St. Gluvias Street, Penryn
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