2-bedroom house · PL32 9UH
Listing removedListed 484 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set in a peaceful residential area of Camelford, 1 Penmelen is a two-bedroom detached bungalow offering spacious living accommodation, scenic views, and excellent potential to modernise and personalise.
Upon entering the property, you're welcomed into a practical porch area that leads directly into a generously sized open-plan living and dining space.
This bright and flexible room enjoys plenty of natural light from a large double window, which beautifully frames far-reaching views towards Roughtor.
There's ample space for comfortable seating and dining furniture, making it a perfect area for both relaxing and entertaining.
Adjacent to the main living space is a well-proportioned kitchen, offering plenty of units and surface space.
From the kitchen, access is provided to a sunroom-style conservatory, currently housing the oil-fired boiler and offering a useful extra space for storage or potential utility use.
A hallway leads to two double bedrooms, both of which are generously sized. The main bedroom is particularly bright, benefitting from dual aspect windows that fill the room with natural light.
The family bathroom is spacious and features a bath with overhead shower, basin, and WC.
Externally, the property sits centrally within its plot, offering a sloped front garden, a small patio seating area, and private parking for multiple vehicles.
A single garage with an electric roller door provides additional secure storage or workshop potential.
While the property would benefit from modernisation throughout, it presents a fantastic opportunity for first-time buyers, investors, or those looking to downsize and put their own stamp on a home in a sought-after North Cornwall location.
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 1, Penmelen, Cornwall
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