3-bedroom house · TR18 5QJ
For saleReduced £10k (−3.3%) on 20 JunListed 1148 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautifully situated on a quiet road a short walk from the bustling centre of Newlyn, recently designated Cornwall's new hot spot by The Daily Telegraph, with its beaches, shops, pubs, restaurants and movie theatre, is this three bedroom, one bathroom home which is ready to be customised to your specifications.
The living room and main bedroom have gorgeous countryside views, and the oversized kitchen/diner has views of the terraced garden.
In need of interior renovation and design, with the potential for expansion with a 40 x 14ft loft, and adjancent shed with plumbing and electricity, this great little house provides enormous potential for further accommodation (subject to any necessary planning consents) for a family.
Comes with a one car garage. Property additional info entrance hall: L shaped, access hatch to lot space, built in storage cupboard.
Lounge: 14' 7" x 12' 4" (4.45m x 3.76m) Fitted Parkray (not tested), large picture window with lovely views across the Coombe.
Kitchen / dining room: 19' 3" x 10' 5" (5.87m x 3.17m) Integral stainless steel sink unit with adjoining work surfaces, a range of base and wall mounted cupboards, recess and plumbing for washing machine, double glazed door to the outside, two windows to the rear, storage heater.
Bathroom: Low level w.c., large walk in double sized shower, pedestal wash hand basin, heated towel rail. Bedroom one: Window to the rear with pleasant outlook.
Bedroom two: 12' 0" x 8' 6" (3.66m x 2.59m) Dimplex heater, window to the front with lovely rural views. Bedroom three: 9' 6" x 8' 7" (2.90m x 2.62m) Window to the front with lovely views.
Loft space: Approximately 40' 0" x 14' 0" (12.19m x 4.27m) Built in wooden ladder to fully boarded area.
Outside: The property is approached via approximately 30 steps with adjoining terraced garden areas with sun terrace and courtyard area with lovely views across the valley.
Enclosed terraced rear garden. Block built shed: With enamel sink. Garage: In block to the front of the property with a blue door. Services: Mains water, electricity and drainage.
Directional note: From Penzance, follow the coast road along to the fishing village of Newlyn.
On Newlyn bridge turn right and follow this road passing the cinema and the church, taking the next left into Lower Gurnick Road.
Continue to the towards the top of Lower Gurnick Road taking the turning left into Garth Road.
Continue to the end of Garth Road where the property will be on your right hand side set back and up above the road.
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
Agent & docs
FAQ
About 10 Garth Road, Newlyn, Penzance
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