2-bedroom terraced house
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom mid-terraced Grade II listed cottage with an interesting and characterful facade.
This chain free home is located in a popular residential area only 100 yds from Morrab Gardens, Penlee Park and Penzance Promenade.
Internally there is a hallway, dining room, living room and a newly installed kitchen on the ground floor. Whilst on the first floor there two double bedrooms and a bathroom.
At the rear is an enclosed courtyard with a patio seating area and a useful storage shed. At the front is small enclosed garden.
A great opportunity in a sought after area waiting for the new owner to put their stamp on it. Freehold, Council tax band B. Services, mains water and electric.
Hallway Tiled floor, stairs rising to the first floor, electric heater.
Dining Room (3.71 x 2.73 (12'2" x 8'11")) Window, electric heater, understairs storage cupboard, recess with appliance space, archway to living room with a shelved recess to either side.
Living Room (3.62 x 2.47 (11'10" x 8'1")) Multi-paned window, with a window seat and a cupboard below, electric heater, two arched recesses with cupboards below.
Kitchen (2.18 x 1.85 (7'1" x 6'0")) A range of newly fitted kitchen units, inset sink, built under oven, inset hob, space for a washing machine, beamed ceiling, window, door to the courtyard.
Landing Doors to the bathroom and bedrooms. Bedroom One (4.76 x 2.52 (15'7" x 8'3")) Multi-paned window, electric heater, recess with a shelf, built in wardrobe, access to the loft.
Bedroom Two (3.07 x 2.81 (10'0" x 9'2")) Electric heater, window, built in wardrobe.
Bathroom (2.31m x 1.91m (7'7" x 6'3")) Bath with an electric shower over, WC, pedestal wash hand basin, window, airing cupboard housing the hot water cylinder.
Rear Courtyard Patio seating area, storage shed, cold water tap. Front Garden Path to the front door with raised beds to either side, seating area.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Redinnick Place, Penzance
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