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See how verdicts work1-bedroom flat · TR18 2FJ
For saleListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculate 1-bedroom contemporary apartment situated on the first floor within a group of residences exclusively for over 60's.
This property is at the back of the building and therefore very quiet with little road noise, it also benefits from the afternoon sun and is chain free.There is a lift in the building to street level and then Wharfside Shopping Village has a lift direct to Market Jew Street.
125-year lease with 118 years remaining.
Annual service charge-£2701.10 Ground rent and maintenance-£575 Minimum age limit- 60 years old The market town of Penzance and its working harbour lies in a sheltered corner of Mounts Bay in South West Cornwall.
The town offers all amenities including: schools, doctors, churches, banks, shops, restaurants and the famous Jubilee pool and Morrab gardens. The neighbouring town of Newlyn is approx. 1 mile away.
Marazion 3 miles. Sennen, Porthcurno and St.Ives all within a short drive. Entrance Hall Front door into hall. Dado, security alarm panel, power-point.
Door to cupboard housing the boiler and electrics. Door to- Lounge/Dining Room 5.6m x 3.53m Electric radiator, power-points, B.T. point, T.V.
point, Double-glazed door with side window and Juliette balcony. Glazed door into- Kitchen 2.36m x 2.34m Double-glazed window to rear.
Fitted kitchen comprising of a range of cupboards and drawers with work-top surfaces over. Sink, drainer and mix-tap. Integrated hob, oven, fridge and freezer.
Tiled splash-back, extractor hood, power-points. Shower Room 2.06m x 1.68m Extractor, heated towel rail, vanity cabinet and mirror wall mounted.
Shower, W.C., wash hand basin with cupboard under. Fully tiled. Bedroom 4.11m x 3.45m Double-glazed window to rear. Electric radiator, fitted wardrobe. Power-points, T.V point.
Council Tax Band B. Services Mains electric, water and drainage. Broadband
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 Mounts Bay Lodge, New Town Lane, Penzance, TR18
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