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 terraced house · TR18 5AZ
For saleListed 40 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Desription A traditional two bedroom mid-terrace cottage that can be found within the heart of the fishing port of Newlyn.
This delightful cottage enjoys being in a traffic free location and benefits from a pretty courtyard garden to the rear.
The cottage is warmed via electric heaters with accommodation in brief comprising of a living room and kitchen to the ground floor; the two bedrooms and bathroom to the first floor along with the useful attic space to the second floor.
We feel this property would suit those looking to purchase for the first time or someone looking for a Cornish bolthole so an early inspection is highly recommended.
Location Set in a truly historic part of Newlyn near to the area known as Keel Alley which was open to the sea and harbour until 1908 when the road bridge from The Strand and the adjoining ice works were completed.
It remained water filled but cut off from larger vessels by the bridge until the 1980’s when the new ice works and lorry park was built and Keel Alley was turned into a park.
Behind The Fradgan you will find a warren of ancient, cobbled streets which are only accessible by foot and give a real link to the past.
From the cottage it is just a short level walk to the shops which include a fishmongers, supermarket, bakers and pharmacy.
There are numerous public houses and restaurants as well as the Newlyn Filmhouse cinema, primary school, church and chapel.
The major town of Penzance is just a mile away across the seafront or there is a nearby bus stop, with a more comprehensive range of shops and commercial facilities, schools for all ages and a mainline rail link to London Paddington.
Composite door with obscure glazed panel window... living room - 3.51m max x 3.47m max (11'6" max x 11'4"max) Wooden sash window to front. Fireplace (not used) Wooden flooring.
Wall mounted electric heater. Door to... Kitchen - 2.63m x 2.36m (8'7" x 7'8") Wooden window to rear along with a wooden part glazed stable door that gives access to the rear courtyard.
Work surface area with inset stainless steel sink and drainer with cupboards and drawers below. Space for electric oven and washing machine. Part tiled surrounds. Cupboards above.
Recess with space for upright fridge/freezer. Beamed ceiling. Wooden flooring. Stairs rise to first floor with storage under. First floor Wall mounted electric heater. Steps rise to attic space.
Doors to... Bedroom one - 2.9m max x 2.6m max (9'6" max x 8'6" max) Wooden sash window to front. Built in wardrobes and shelving. Bedroom two - 2.44m x 1.3m (8'0" x 4'3") Wooden window to rear.
Bathroom - 2.44m max x 2.04m max (8'0" max x 6'8" max) Wooden obscure glazed window to rear. Panelled bath with mixer tap shower over. Pedestal wash hand basin. Close coupled WC with hidden cistern.
Airing cupboard housing the immersion tank. Attic space - 5.21m max x 3.41m max (17'1" max x 11'2" max) Restricted head height. Two roof windows to rear elevation.
Inset Butler style sink with shelving beneath. Power and light. Outside Courtyard with block built storage shed. Outside tap.
Agents notes Property Type & Construction: Granite or whin, as built, no insulation (assumed) | Electric: Mains | Water: Mains | Drainage: Mains | Heating: Room heaters, electric | Broadband: FTTP | Mobile Coverage: Networks likely available are O2, Vodafone, EE and Three all being limited from within the property | Parking: On street | Restrictions/Covenants: None | Rights of Way/Easements: Right of way acrross the rear courtyard | Flood Risk: No | Coastal Erosion Risk: No | Planning Permission: None | Accessibility/Adaptations: None | Coalfield/Mining Area: Historic tin mining area | aonb/Conservation Area/Listed: Conservation area | Local Authority: Cornwall County Council | Property orientation from front: Southerly | 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 dependent 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
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
.png)
FAQ
About 3, Wesley Place, Penzance
Explore nearby