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 work3-bedroom flat · TR18 4TR
No longer listedReduced £25k (−9.1%) on 20 JunListed 215 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Three Bedroom top floor apartment in central Penzance with no onward chain. This fabulous apartment was converted from the stunning Grade II Listed building in 2013.
Situated overlooking the historic Penlee Gardens this apartment is easy walking distance to all local amenities, Penzance town centre is a 5-minute walk away, providing cafes, bars and shops.
A few minutes from the bus and train station terminals, the fantastic promenade and the art deco Jubilee Bathing Pool. The apartment provides a welcoming kitchen, diner, living space.
There are 3 double bedrooms, family bathroom with bath & shower. A spacious hallway leads to a balcony overlooking the park, perfect for al-fresco dining and sun worshipping.
Agents note: Phone signal as follows:- EE - Good out and in 02 - Good out variable in Vodafone - Good out variable in Three Good Out
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
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FAQ
About Apartment 10, Alverton Manor,, Alverton Road, Cornwall
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