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 flat
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First floor flat in need of complete updating, lounge, kitchen, bathroom, electric heaters, uPVC double glazing, allocated parking, communal gardens and 2 bedrooms.
Conveniently located close to the town centre and local schools, this flat would make an ideal investment or first time buy. Sold as seen! No Chain.
Front Aspect The property is entered via a uPVC double glazed front entrance door into...
Communal Hallway Stairs rise to the first floor where there is access to the electric meter and wooden door giving access into... Entrance Hall Fuse boxes, door to...
Inner Hallway Door to a cupboard which houses the hot water cylinder with immersion, electric night storage heater, doors to bedroom, bathroom and door to the lounge.
Lounge UPVC double glazed window to the front elevation, coving to ceiling, telephone point, TV point, electric night storage heater. Opening through to...
Kitchen Base units, worktop surfaces, stainless steel single drainer sink unit, space for electric cooker, plumbing and space for washing machine, space for fridge/freezer and space for further white appliance, extractor fan.
Bathroom Panelled bath, low level WC, pedestal wash hand basin, pull cord electric fan assisted heater, extractor fan.
Bedroom One UPVC double glazed window to the rear elevation, wall mounted electric plug in heater. Bedroom Two UPVC double glazed window to the rear elevation, wall mounted plug in electric heater.
Outside Parking can be found with number 33 to the front of the property. To the rear there are communal gardens.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
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FAQ
About Penlee Close, Cornwall
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