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See how verdicts work1-bedroom flat · TR18 4NX
For saleListed 213 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the second floor to the rear of the building, this one-bedroom apartment presents an exciting opportunity for buyers looking to create a home or investment property.
The accommodation comprises an entrance hall leading into a bright living room, where you can enjoy attractive sea views.
A separate kitchen sits just off the living space, offering scope for modernisation and redesign. The bedroom is a comfortable double with the added benefit of an en-suite, and also enjoys sea views.
While the property would benefit from renovation, it offers fantastic potential to be transformed.
Externally, the property benefits from an allocated parking space — a valuable feature in this location.
Offered to the market chain free, this property is ideal for first-time buyers, investors, or those seeking a coastal bolt-hole.
Lease & Charges: • Lease: 999 years (approximately 980 years remaining) • Ground Rent: £10 per annum • Service & Maintenance: £190 per annum • Building Insurance: £140.43 per annum 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. Glazed front door into: Entrance Hall 3.78m x 1.12m Double-glazed window to side.
Door into: Lounge 3.35m x 4.04m Double-glazed window to front with sea views towards Penlee Point, and the entrance to Newlyn harbour.
Double-glazed dual aspect window to side with view over to Newlyn. Night storage heater. Picture rail. Access to roof space.
Gallery Kitchen 3.28m x 1.27m Double-glazed window to side, sink and drainer with worktop surface over, tiled splash, power points, cupboards and drawers, space for electric cooker, space for fridge, wall mounted cupboards.
Bedroom 3.48m x 2.18m Dual aspect double-glazed window to side and rear, sea and harbour view to side, night storage heater, picture rail. Power points.
Double doors to airing cupboard housing water tank. Further cupboard. Bathroom 2.24m x 1.65m Double-glazed window to side.
Fitted suite comprising bath with shower over, wash hand basin, w.c., tiled splashback. To Rear Small garden area and washing line. 1 Shed. Communal area. Council Tax: Band A.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Alexandra Terrace, Penzance, Cornwall, TR18
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