2-bedroom flat · TR18 2GZ
For saleReduced £50k (−9.1%) on 20 JunListed 350 days
Opportunity summary
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About
Service charge (For Leasehold tenure): £1720 per year. Ground rent (For Leasehold tenure): £150 per year.
Lovely panoramic sea views across Mounts Bay, Penzance Harbour towards St Michael's Mount and beyond are enjoyed from this beautifully presented two bedroom penthouse apartment, located in one of the most prestigious blocks in Penzance, just off the sea front and within close proximity of most amenities.
The property has well proportioned accommodation with quality fixtures and fittings throughout, along with engineered oak flooring and underfloor heating.
The property is double glazed and there is a wrap-around balcony off the living room and bedrooms, which takes full advantage of the views.
Externally, there is a reserved parking space and due to the popularity of this particular apartment block, we recommend an early appointment to view.
Property additional info Intercom system into: Main building hallway: Stairs rising and lift access onto: Fourth floor: Door into: Entrance hall: Oak flooring with underfloor heating, video entry telecom system, two cupboards, one housing boiler and hot water tank, doors to: Open plan kitchen/living area: 19' 5" x 12' 2" (5.92m x 3.71m) Oak flooring with underfloor heating, bifold doors to two elevations onto balcony, enjoying the uninterrupted views across Penzance harbour and the bay, inset spotlights, TV and satellite point kitchen area: 9' 1" x 6' 6" (2.77m x 1.98m) Tiled floor, range of base and wall units with worsurfaces over, one and a half bowl stainless steel sink unit, electric cooker, hob, extractor fan, microwave, integral fridge/freezer, washer/dryer and dishwasher.
Bedroom one: 14' 3" x 13' 0" (4.34m x 3.96m) Bi-fold doors onto balcony overlooking Penzance town, wall lights, built in wardrobe, door to: En suite: Inset spotlights, extractor fan, fully tiled mains shower cubicle, wash hand basin, WC, shaver socket, light, illuminated mirror, heated towel rail.
Bedroom two: 11' 8" x 10' 2" (3.56m x 3.10m) Bi-fold door into balcony/sun terrace, built in wardrobe.
Main bathroom: Fully tiled walls and floor, heated towel rail, wash hand basin, WC, bath with mains shower over, shaver point and light.
Outside: There is a large sun terrace/balcony, accessed from both bedrooms and lounge, giving spectacular views across Penzance Harbour. There is a reserved parking space and communal store.
Services: Mains water, electricity, gas and drainage. Directions: Via "What3Words" app: ///warriors.cookbooks.cuff lease: 999 years from 01/01/2012.
Charges: Services Charges: Approximately £1,720.00 pa. Ground Rent: £150.00 pa. Agents note: We understand from Openreach website that Copper Broadband is available to the property.
We tested the mobile phone signal for O2 which was good. The property is constructed of block. Mobile signal/coverage: Good. Construction materials used: Brick and block.
Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (gas). Broadband internet type: Adsl copper wire.
Parking Availability: Yes.
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.
Area
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FAQ
About 34 Ocean Blue Apartments, Jennings Street, Penzance
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