2-bedroom terraced house · TR18 2RR
Sold STCListed 68 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a particularly convenient yet tucked-away position, this two-bedroom terraced home is within easy reach of Penzance town centre while enjoying a quieter residential setting.
The accommodation comprises a living/dining room and kitchen on the ground floor, with access to a useful enclosed rear courtyard with a utility store.
Upstairs are two bedrooms and a large family bathroom.
The property is well presented and offers comfortable accommodation as it stands, while still allowing a new owner to make their own mark over time. The location is a real strength of the property.
Penzance Tennis Club and the leisure centre are both close by, while the town centre, seafront and promenade are all within comfortable walking distance.
Despite being so central, Alverne Buildings has a more peaceful feel and benefits from easy on-road parking nearby.
With its combination of a quiet setting, central location and practical two-bedroom accommodation, this would make an excellent first-time purchase, permanent home or investment.
Alverne Buildings is a small terrace of houses on the fringe of Penzance town centre. Walking distance to all local amenities such as the leisure centre, doctors, public library and local shops.
Penzance is at the heart of the tourist area of Penwith in West Cornwall with many attractions including, boutique shopping, character pubs and restaurants, parks, gardens plus wonderful coves and sandy beaches linked by the coastal footpath.
1/2 Double-glazed front door into: Entrance Porch 0.91m x 0.91m Frosted glazed door into: Hallway Radiator, stairs rising, door to understairs cupboard.
Lounge/Dining Room 6.76m x 3.43m Double-glazed bay window to front, fire surround, gas flame effect, door to hall, radiator, double-glazed window to rear, power points.
Kitchen 3.38m x 2.51m Wooden framed double-glazed window to side. 1/2 Frosted glazed door to side rear. Tiled floor.
Fitted kitchen comprising range of cupboards and drawers with worktop surfaces over, integrated gas hob and electric oven. Extractor, tiled splash, space for fridge freezer and dishwasher.
Sink and drainer with mixer tap, breakfast seating for 2. Stairs to First Floor Landing Natural wood, access to loft. Air filtration unit.
Bedroom 1 4.17m x 3.15m Wood floors, double-glazed sash slider bay window to front, radiator. Bedroom 2 3.63m x 2.51m Double-glazed window to rear, wood floors, radiator, power point.
Bathroom 3.05m x 2.5m 2 Double-glazed frosted window to side, double doors to cupboard housing boiler. Bath with shower over, w/c, wash hand basin, heated towel rail.
Outside Enclosed courtyard with rear gate access. Door to outhouse with space for washing machine and tumble dryer. Power points. Services: Mains water and drainage. Electricity.
Council Tax: Band B.
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.
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FAQ
About Alverne Buildings, Penzance, TR18
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