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See how verdicts work2-bedroom flat · TR18 3AB
Sold STCListed 45 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented two-bedroom apartment situated in the charming coastal town of Penzance.
Set within a striking Victorian building, this exceptional property has undergone an extensive and meticulous renovation, seamlessly blending period character with contemporary luxury.
2 Bedrooms, Kitchen, Living room, balcony, bathroom and Parking. EPC Band C. Leasehold. Council Tax Band A.
Situation Lannoweth Road is perfectly situated at the gateway to Penzance, just a short stroll from the train and bus stations and the town centre itself.
As the commercial and cultural heart of the Land’s End Peninsula, Penzance is rich in history and character, reflected in its well-preserved architecture.
A standout attraction is the recently restored Art Deco Jubilee Pool, while the town buzzes with energy, offering an eclectic mix of independent shops, cafés, restaurants, galleries, and traditional inns.
Just a short walk from the property, the serene Morrab and Penlee Gardens provide a peaceful escape, complemented by a local art gallery and museum celebrating the unique heritage of West Cornwall.
The surrounding area is home to spectacular sandy beaches and world-famous attractions, including the iconic Minack Theatre at Porthcurno, the Tate Gallery in St Ives, and the magical St Michael’s Mount in Marazion.
Nearby, the picturesque villages of Mousehole and Marazion exude timeless charm, while the lively fishing harbour of Newlyn enhances the region’s coastal character.
For travel further afield, Penzance railway station provides direct services to London Paddington.
The Property A beautifully presented two-bedroom apartment situated in the charming coastal town of Penzance.
Set within a striking Victorian building, this exceptional property has undergone an extensive and meticulous renovation, seamlessly blending period character with contemporary luxury.
Occupying a prime position, the apartment enjoys captivating coastal views, providing a tranquil and picturesque backdrop to everyday living.
Finished to an impeccable standard throughout, the interior showcases high-quality materials, elegant design, and careful attention to detail, creating a refined and comfortable living space.
The accommodation comprises a spacious and light-filled lounge and dining room, enhanced by a large box bay window that frames stunning views across the bay.
The luxury fully fitted kitchen is equipped with a comprehensive range of integrated appliances, including a dishwasher, wine cooler, waste disposal system, and integrated waste bin.
From here, doors open onto a private terrace, an ideal space to relax while taking in the views across Mount’s Bay.
A generous and welcoming entrance hall leads to a beautifully finished bathroom, complete with a 1200mm shower, vanity mirror with demista pad, and a heated towel rail.
The property briefly comprises two well-proportioned double bedrooms located to the rear of the apartment, both benefiting from fitted wardrobes.
Further benefits include underfloor heating throughout, full fibre internet included, a washer dryer neatly housed within a hallway cupboard, an intruder alarm system, and electric blinds, ensuring both comfort and convenience in this exceptional coastal home.
Parking The property offers two private off-road parking spaces. Leashold The property will be offered with a 999 year lease and Management company formed during the sales process.
Services Mains water, electric, and drainage. Underfloor heating throughout. Ethernet points throughout. Intruder alarm. Ultrafast Broadband - Ofcom.
Viewings Strictly by prior appointment with Stags West Cornwall Directions From the A30 heading towards Penzance, take the turning for Penzance Town Centre.
Shortly after entering Penzance, turn right onto Lannoweth Road. No. 32, Allen House, will be clearly visible at the end of the terrace..
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
Agent & docs
FAQ
About 2 Allen House, Lannoweth Road, Penzance
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