1-bedroom terraced house · TR19 7EZ
For saleListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Set in an idyllic spot right by St Just Church in the centre of town, is this Grade-ii listed converted barn with undeniable charm and opportunity to improve.
With a larger than you would expect garden, and potential for parking if you drive a smaller car, this really is a unique offering in the heart of such a buzzing town in West Cornwall.
On the ground floor you have a kitchen, a bathroom and a further room in the middle which could be a reception room or a bedroom.
To the first floor is an open, vaulted space with exposed beams, beautiful floorboards, and windows to three aspects.
The current owners installed a vapour barrier and fibreglass wool insulation above the plasterboard that covers the ceiling upstairs; ensuring the space can be kept cosy.
The property has timber, double glazed windows throughout, and there are two night storage heaters (one upstairs, and another downstairs).
There is huge potential to create a beautiful one (possibly two) bedroom dwelling here, with potential to create a desirable open-plan living space on the first floor; making the most of that natural light and romantic appeal.
There is a lot to love here, and then you step out to the larger than you would expect garden.
With a smaller vehicle, it is possible to drive down past Church Square, and there is space outside the property for a car - there is a footpath leading down in front of the property to Tregeseal Valley across fields, and you are literally seconds walk from St Just town square.
Location St Just is a very popular town with a thriving community and a varied mix of busy shops and businesses.
Properties here are predominantly granite cottages harking back to the tin mining era and St Just's prosperous heritage.
Boasting two fantastic butchers, four pubs, traditional grocers, and two convenience stores, St Just has all the essentials covered, as well as offering well-respected art galleries, popular eateries, and some stunning coastal walks nearby.
There is both a primary and secondary school in St Just, both rated as Good by Ofsted most recently. Penzance is approximately 8 miles away.
Kitchen Some base and wall units with laminate worktop and stainless steel sink and drainer. Space and plumbing for washing machine. Exposed beams. Timber, double glazed window. Vinyl floor.
Bedroom Dual aspect room with two timber, double glazed windows. Exposed beams. Built-in shelving. Night storage heater. Hallway Timber double glazed window.
Stairs lead up bathroom Shower tray with tiled surround, wash basin and WC. Understairs storage cupboard. Timber double glazed window.
First floor Open plan living space with vaulted ceilings and timber double glazed windows to three aspects. There is insulation between the rafters on this floor with plasterboard over.
Built-in airing cupboard housing hot water tank. Exposed floorboards. Night storage heater. Garden A good size garden, with timber fencing to next door, and Cornish hedging to the other boundaries.
A dillapidated timber storage shed sits near the timber gate leading out to Church Square.
Agents notes Property Type & Construction: Granite or whinstone, as built, no wall insulation (assumed) | Electric: Mains | Water: Mains | Drainage: Mains | Heating: Electric night storage heaters | Broadband: fttc, adsl | Mobile Coverage: Networks likely available are O2, with Vodafone, Three and EE being limited | Parking: Parking space for up to two smaller cars | Restrictions/Covenants: Grade-ii listed | Rights of Way/Easements: No | Flood Risk: No | Coastal Erosion Risk: None | Planning Permission: None | Accessibility/Adaptations: None | Coalfield/Mining Area: Historic tin mining area | aonb/Conservation Area/Listed: aonb, Conservation area & Grade-ii listed | Local Authority: Cornwall County Council | Property orientation from front: West | Viewings - By appointment via Andrew Exelby Estate Agents rental potential: To discuss the long-term, residential rental potential of this property, or any other, please contact Whitlocks in Penzance who will be able to guide you through the process.
Their telephone number is . Disclaimer: These sales particulars should act as a general guide. We have not carried out a detailed survey, nor tested services, appliances, and/or specific fittings.
Some data above is dependant upon third party suppliers and responses were correct at the time of listing.
Measurements and floorplans are a guide and should not be relied upon for carpets, furnishings, etc.
If there are any important matters, which are likely to affect your decision to buy, please contact us before viewing this property.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Pilgrim Mews, Church Square, Penzance
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