2-bedroom flat · TR19 7EF
Listing removedListed 89 days
Opportunity summary
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About
Gaining wonderful views over the rugged countryside to the sea, this first floor flat is being sold with no onward chain.
Offering a spacious lounge and kitchen which gain sea views, there are also two bedrooms and a bathroom.
We feel this makes a fabulous bolt-hole/first home from which to explore the beautiful coastline and coastal footpath, in a sought after location.
This property is being sold with a Section 157 restriction that requires buyers to have lived or worked in Cornwall for the last three years.
Pendeen is near the coast and has a historic reputation for smuggling activities, it is also near the World famous Geevor tin mine.
The South West Coast Path is less than a mile away in addition to a number of local footpaths for exploring the surrounding countryside and rugged coastline in this Area of Outstanding Natural Beauty.
St Just lies three miles away and has a wide range of retail outlets along with primary and secondary schooling, a doctors' surgery and Cape Cornwall Golf Club with its spectacular scenery and eighteen-hole golf course.
Penzance, the largest town in West Cornwall lies approximately eight miles away.
Here, you will find a mainline Railway Station and a wide range of retail outlets along with a beautiful promenade which takes in the stunning sea views over Mount’s Bay.
Accommodation Comprises Glazed panelled front door to:- Entrance Lobby Wall-mounted cupboard housing consumer unit, smoke alarm and coat hanging space.
Further glazed panelled door to:- Entrance Hall Access to loft space and smoke alarm.
Doors off to:- Kitchen (10' 7'' x 6' 11'' (3.22m x 2.11m) plus doorway recess) This light and airy dual-aspect room enjoys lovely sea views and is fitted with a matching range of wall and base units having adjoining roll top edge working surfaces and incorporating an inset stainless steel single drainer sink unit.
Space for cooker and space for washing machine. Night storage heater. Lounge (12' 5'' x 12' 3'' (3.78m x 3.73m)) Double glazed window to the side enjoying lovely views across countryside and the sea.
Built-in cupboard, electric panel heater and Television point. Bedroom One (12' 5'' x 10' 5'' (3.78m x 3.17m)) Double glazed window to the front and night storage heater.
Bedroom Two (11' 7'' x 7' 3'' (3.53m x 2.21m)) Double glazed window to the front and night storage heater. Bathroom Obscure glass double glazed window to the side.
Fitted with a white suite comprising of a panelled bath with electric shower unit over, pedestal wash hand basin and low level WC. Services Mains water, mains electricity and mains drainage.
Agent's Note The Council Tax Band for this property is Band 'A'. Leasehold Information The property will be sold with new 999 year lease.
The service charge is currently £6.46 per annum and the buildings insurance is £152.58 per annum.
Directions From the ‘Spar’ shop in Pendeen, proceed westerly on Boscaswell Road and then take the second turning on the left into Moorland Close. The property will then be seen on the left-hand side.
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Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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 50a, Moorland Close, Penzance
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