2-bedroom flat · TR18 5JD
For saleListed 34 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two Bed Garden Flat in the heart of Newlyn, the famous fishing village one mile from Penzance. Walking distance to shops, bars, restaurants and all local amenities.
Fantastic opportunity to own this characterful ground floor flat. The property provides a cosy living room with wood burner, 2 double bedrooms, stylish kitchen and a bathroom.
The bathroom does need some updating but the price reflects this. The kitchen opens up to a large walled back garden ideal for entertaining.
Agents Note: Mobile coverage taken from the ofcom webiste- EE & Three : Good outdoor, variable indoor 02 & Vodafone Good outdoor Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
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
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FAQ
About Anchor Cottage, 5, Foundry Lane, Penzance
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