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See how verdicts work2-bedroom house · TR18 2PJ
No longer listedListed 320 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom terraced cottage with gardens and parking in need of some renovation, situated on the outskirts of Penzance and offered for sale with no onward chain.
The accommodation comprises of lounge/diner, kitchen/breakfast room and utility on the ground floor. On the first floor there is one double bedroom, one single bedroom and bathroom.
There is a paved garden immediately to the front of the property and on the opposite side of the access road there is parking and further garden with shed and aluminium greenhouse.
Property additional info UPVC double glazed door into: Hallway: Radiator, dado rail, feature archway, stairs rising, door to: Lounge/dining room: 17' 10" x 10' 8" (5.44m x 3.25m) Double glazed window to front, two radiators, storage cupboard understairs, door into: Kitchen/breakfast room: 13' 6" x 9' 0" (4.11m x 2.74m) Two skylights, radiator, shelved cupboard, tiled floor, base and wall units, worksurfaces and tiling over, electric cooker, hob, single drainer sink unit, door to: Utility room: Tap, plumbing for washing machine, tiled floor, cupboard housing boiler, door to outside.
First floor landing: Cupboards, access to loft. Bedroom one: 13' 3" x 11' 4" (4.04m x 3.45m) Double glazed window to front, radiator, period fireplace to one wall (not used).
Bedroom two: 8' 5" x 5' 4" (2.57m x 1.63m) Double glazed window to rear, radiator. Bathroom: Double glazed window, radiator, bath with mixer tap over, WC, pedestal wash hand basin.
Outside: Immediately to the front of the house is a paved garden. On the other side of the access road is parking leading to the garden with a greenhouse and shed.
Services: Mains water, gas, electricity and drainage.
Directions: Via "What3Words" app: ///choirs.palettes.warmers agents note: We understand from Openreach website that Full Fibre Broadband (FTTP) is available to the property.
We tested the mobile phone signal for O2 which was good. The property is constructed of granite under a tiled roof. Mobile signal/coverage: Good. Construction materials used: Others.
Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (gas).
Broadband internet type: FTTP (fibre to the premises). Parking Availability: Yes.
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
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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 2 St. Michaels Terrace, Penzance
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