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See how verdicts work2-bedroom flat · TR18 4SN
For saleListed 60 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the popular North Parade, this substantial period property forms half of an attractive town house apartment and offers spacious and versatile accommodation arranged over two floors.
The property is offered for sale chain free and, whilst perfectly usable in its current condition, would benefit from some cosmetic updating.
From the front door, the entrance opens into a fabulous large reception room with impressive proportions and period character.
Also on this level is a WC and a bedroom positioned to the rear, which incorporates its own shower.
Stairs descend to the lower ground floor where there is a further bedroom, separate shower room and fitted kitchen.
A second reception room has double doors opening directly onto the front garden, providing a pleasant and private outlook.
The front garden is South facing and the rear courtyard receives the evening sun. A door from the kitchen leads to a private rear patio, where there is also a useful storage outbuilding.
The property benefits from a 50% share of the freehold and offers considerable scope for a purchaser to update and personalise the accommodation while retaining its period features and character.
Walking distance to the town centre, Penlee Park, train and bus station. The market town of Penzance and its working harbour lies in a sheltered corner of Mounts Bay in South West Cornwall.
The town offers all amenities including: schools, doctors, churches, banks, shops, restaurants and the famous Jubilee pool and Morrab gardens. The neighbouring town of Newlyn is approx. 1 mile away.
Marazion 3 miles. Sennen, Porthcurno and St. Ives all within a short drive. To Front Steps upto front door, cornicing, 1/2 glazed door into hall.
Principle Living Room 6.12m x 5.03m 2 Sash windows to front with secondary glazing, and working shutters, ornate cornicing, picture rail, 2 radiators, period fireplace, door through to main entrance.
W/C 2.8m x 1.17m Wall mounted sink, window to rear with secondary glazing. Shelving. Bedroom 2 2.8m x 3.12m Window to side with secondary glazing, radiator, fireplace, cupboard.
Inner Hall Stairs down to first floor. Hall Tiled floor, radiator, under stairs cupboard, stripped wooden door, 2 doors to cupboards.
Kitchen 3.56m x 2.67m Double-glazed window to side, radiator, wooden floors. Fitted kitchen comprising range of cupboards and drawers with polished stone worktop surfaces over.
Belfast sink and mixer tap, boiler integrated, 5 ring gas hob, integrated electric oven, space for slimline dishwasher, space for fridge, tiled splash.
Stripped wooden door into: Shower Room 3.07m x 2.44m Tiled floor, radiator, cupboard with shelving, 2 double-glazed frosted window to side, large shower additional hand-held.
W/C, freestanding was hand basin and mixer tap, w/c, cupboard, heated towel rail. Space for washing machine, worktop surface.
Bedroom 1 2.95m x 3.76m Double-glazed window to front, radiator, drainer style shelving and storage, double doors to cupboard, hanging space.
Working shutters on the windows, engineered oak flooring. Lounge 5.03m x 4.01m Radiator, French windows to front with working shutters, bespoke step upto front garden.
Period fireplace, double cupboards on each corner of one wall, radiator. Outside to Rear Enclosed walled courtyard with sunny aspect. Paved part slate, side gate access, washing line.
Outbuilding 2.87m x 1.7m Stone and brick insulation. Power and pitched roof. Raised planted corner.
To Front Very private enclosed pretty garden which is enclosed by hedging and low wall. There are planted borders and lawn.
Across from the property there are 2 private parking spaces in tandem with small garden area. Council Tax: Band B. Services Electric, mains water and drainage.
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
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FAQ
About North Parade, Penzance, TR18
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