We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · TR18 3AZ
Sold STCListed 162 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beatifully presented detached park home, situated in a popular residential location and within close proximity of the beaches of Eastern Green, supermarkets and further amenities in the town of Penzance.
The accommodation comprises of open plan lounge/dining room, kitchen with integral appliances, two bedrooms, one en suite and a bathroom.
The property is gas centrally heated, double glazed throughout, off street parking for several vehicles and has gardens to three sides. Early viewing is highly recommended.
Property additional info External steps to front of the property through double glazed door into: Main hallway: Radiator, fitted cupboard, doors to: Lounge/dining area: 19' 4" x 15' 7" (5.89m x 4.75m) Double glazed windows to front and rear, double glazed patio doors onto external balcony, radiators, living flame, electric fire to one wall.
Door to: Kitchen: 11' 7" x 9' 3" (3.53m x 2.82m) Double glazed window and door to rear, cupboard housing combination boiler, base and wall, units with worksurfaces and tiling over, single drainer stainless steel sink unit, integral dishwasher, cooker, hob, extractor fan over, fridge/freezer.
Bedroom one: 13' 9" x 10' 1" (4.19m x 3.07m) Double glazed bow window to front, radiator, fitted wardrobe, dressing area. En suite shower room: With WC, wash hand basin, fully tiled shower cubicle.
Bedroom two: Double glazed window to rear, radiator, fitted wardrobe. Bathroom: Double glazed window to front, bath with shower over, Wc, pedestal wash hand basin, radiator.
Outside: To the front of the property there is parking for several vehicles. There is a patio garden, all enclosed by wooden fencing.
South facing patio off the lounge patio doors with further parking space. Enclosed garden with block built shed. Services: Mains water, electricity, gas and drainage.
Directions: Via "What3Words" app: ///fellow.tight.bandstand charges: The property is located in the Eartern Green Park where there is a montly ground rent of approximately £200.
This is reviewed annually in April and adjusted in line with rpi.
Nb: The park is for residents aged 45 and over, grandchildren are allowed to visit and may stay overnight with the permission of the site owner.
Up to two pets are allowed with written permission from the site owner. Agents notes: We understand from Openreach website that Fibre to the Cabinet Broadband (fttc) is available to the property.
We tested the mobile phone signal for O2 which was good. When the property is sold, 10% of the selling price goes to the site owner. Mobile signal/coverage: Good. Construction materials used: Others.
Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (gas).
Broadband internet type: FTTP (fibre to the premises). Parking Availability: Yes.
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 F25, Eastern Green Park Three, Penzance
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