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See how verdicts work2-bedroom flat · TR18 5BG
Listing removedListed 517 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Service charge (For Leasehold tenure): £700 per year. Ground rent (For Leasehold tenure): £10 per year.
A nicely presented first floor two bedroom flat, offered for sale with no onward chain with secure parking, close to the harbour.
The property is situated within level walking distance to both the harbour and local amenities, such as supermarket, public houses and cinema.
The accommodation comprises of one double bedroom and one single bedroom, lounge/dining room, kitchen and bathroom with enclosed parking and storage.
The property is offered for sale with no onward chain and would make an ideal investment/first time buy. A viewing is highly recommended.
Property additional info Double glazed door into: Communal hallway: Glazed door into: Lounge/dining room: 18' 0" x 9' 3" (5.49m x 2.82m) Double glazed window to rear, night storage heater, fitted shelving to one wall, door to: Inner hallway: Night storage heater, cupboard housing hot water tank.
Kitchen: Double glazed window to rear, base and wall units with worksurfaces and tiling over, single drainer stainless steel sink, electric oven, hob, plumbing for washing machine, space for fridge.
Bedroom one: 10' 9" x 10' 2" (3.28m x 3.10m) Night storage heater, range of wardrobes to one wall, double glazed window and door to side.
Bedroom two: 9' 0" x 8' 1" (2.74m x 2.46m) Double glazed window to side.
Outside: Small courtyard to the side of the main building and there is secure parking space in the garage below with further storage shed and bin store.
Agents note: Due to terms of the lease this property can not be holiday let or used as an Airbnb. And no pets are permitted.
We understand from Openreach website that Copper Broadband is available to the property. We tested the mobile phone signal for O2 which was good. Services: Mains water, electricity and drainage.
Directions: Via "What3Words" app: ///transmits.bead.dabbing charges: Ground rent: £10 pa. Service charges: £700 pa. Lease: 999 years from 15th September 1974 Mobile signal/coverage: Good.
Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (electric). Broadband internet type: Adsl copper wire.
Parking Availability: Yes.
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 Flat 3, Orchard House, Newlyn, Penzance
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