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See how verdicts work2-bedroom flat · TR18 2GZ
For saleListed 147 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within a beautifully maintained and highly desirable development of 37 properties, this light and spacious two-bedroom first-floor apartment is immaculately presented throughout.
The property combines modern open-plan living with generous built-in storage, secure parking, and lift access, making it an ideal permanent residence, holiday home, or investment opportunity.
The accommodation comprises a welcoming entrance hall with ample storage, a principal bedroom with built-in wardrobes and en-suite bathroom, a stylish separate shower room, and a second bedroom currently arranged as an additional reception room, offering flexibility for guests or home working.
The heart of the apartment is the impressive open-plan living space with sea views, beautifully finished with a contemporary kitchen and bright sitting/dining area opening onto a private balcony enjoying pleasant views towards Abbey Slip.
Further benefits include a secure entry system, allocated underground parking space, lift access, and the rare advantage of allowing both holiday letting and one pet within the development.
The building itself is exceptionally well kept, with an attractive mix of residential and holiday-use apartments creating a peaceful yet vibrant atmosphere.
The property is offered available fully furnished by separate negotiation, providing a superb turnkey opportunity for buyers seeking immediate enjoyment or income potential.
Lease Information: • 986 year lease • Ground rent: £150 per annum (fixed until 2037) 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. Accessed via : Secure door into: Communal Entrance Lift. Stairs rising. Noticeboard and post boxes.
Wooden door into: Hallway Double doors into cupboard with hanging rail and storage. Wooden flooring. Power points. Door to: Storage 0.91m x 0.91m Meters. Shelving for storage.
Bedroom 1 4m x 3.94m Large double-glazed window to side with glimpse of Ross Bridge and the sea. Power points. Sliding doors to wardrobe space with hanging rail.
En-Suite 1.83m x 2.16m Frosted double-glazed window to side, wall mounted wash hand basin, fully tiled, mirror, extractor fan. Heated towel rail. Shower over bath. W/C.
Bedroom 2 3.05m x 3.05m Large double-glazed window to side, cupboard housing Baxi boiler, two doors to cupboard with rail and storage. Power points. Bathroom 2.46m x 1.17m Mirror.
Wall mounted wash hand basin, w/c, extractor, shower cubicle with hand held attachment, heated towel rail, tiled floor, fully riled. Hallway Secure entry system. Power points.
Kitchen/Open Plan Living Area 6.1m x 4.85m Fully fitted base and eye level units with worktops over. Space for washing machine.
Siemens integrated microwave, integrated under counter fridge and freezer, integrated slimline dishwasher, Siemens electric oven, gas hob with extractor over, and splashback. Tiled floor.
Sink with drainer, power points. Space for breakfast bar seating for 2. Living area - Radiator, power points, TV aerial.
3 Large double-glazed windows to side with views of Abbey basin and Ross Bridge. Outside Secure entry gates provide access into the residential apartments, parking is allocated.
Balcony Glass to all sides. Decked area with room for table/chairs and pot plants. Services: Electric, mains water and drainage. Underfloor heating. Mains gas.
Council Tax: Band D.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Ocean Blue, Penzance, TR18
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