3-bedroom house · TR18 2DJ
Listing removedListed 168 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A terraced granite townhouse which is offered for sale with no onward chain and has been divided into two separate units, to comprise of a two bedroom house on the ground and first floor and there is a studio apartment on the basement with kitchen and shower room.
The property will need some refurbishment but could make an ideal investment property for any discerning purchaser.
Property additional info Double glazed door into: Open plan living room/kitchen: 18' 4" x 13' 4" (5.59m x 4.06m) Double glazed windows to front and rear, night storage heater, stairs rising, base and wall units with worksurfaces over, space for fridge, electric cooker and washing machine, extractor fan, door to: Bathroom: Window to rear, WC, pedestal wash hand basin, bath with electric shower over, extractor fan.
First floor landing: Access to loft. Bedroom one: 13' 5" x 9' 0" (4.09m x 2.74m) Two double glazed windows to front, fireplace to one wall (not used).
Bedroom two: 8' 10" x 8' 0" (2.69m x 2.44m) Double glazed window to rear.
Basement flat: Accessed to the rear of the property across a courtyard, double glazed door into: Kitchen: 8' 10" x 5' 8" (2.69m x 1.73m) Double glazed window to rear, base and wall units, single drainer stainless steel sink unit, electric cooker point, plumbing for washing machine, doors to: Shower room: Two double glazed windows to rear, pedestal wash hand basin, WC, fully tiled shower cubicle, cupboard housing hot water tank.
Living room/bedroom: 17' 0" x 13' 0" (5.18m x 3.96m) Double glazed window to front with window seat under, night storage heater, fireplace to one wall (not used or tested).
Services: Mains water, electricity, gas and drainage.
Directions: Via "What3Words" app: ///shakes.crockery.panics agents notes: We understand from Openreach website that Full Fibre Broadband (FTTP) is available to the property.
We tested the mobile phone signal for O2 which was good. The property is constructed of granite under a concrete tiled roof. Roof type: Concrete roof tiles. Mobile signal/coverage: Good.
Construction materials used: Others. Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (gas).
Broadband internet type: FTTP (fibre to the premises).
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 advisors 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
FAQ
About 19, St Marys Street, Penzance, TR18 2DJ
Explore nearby
.png){kind=logo}
