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See how verdicts work3-bedroom flat · TR18 4EZ
Listing removedListed 258 days
Opportunity summary
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About
Description A rather unique, interesting yet fun three bedroom flat that is arranged over three floors and has been loosely divided into two thus creating 'Little Loft' and 'Top loft' This property is located towards the seaward side of Penzance town and would make an ideal Cornish bolthole or investment property.
The property is primarily warmed via a gas central heating system with accommodation in brief comprising bedroom, bathroom, lounge and useful attic space within 'Little Loft' along with a bedroom, shower, WC and spacious living room with kitchen within 'Top Loft' This unique flat must be viewed to be fully appreciated so an early inspection is highly recommended.
Location The property is situated within a stones throw from the delightful Morrab Gardens and is a level walk to Penzance's famous promenade with the landmark art deco Jubilee lido swimming pool just a few yards further.
The town itself is easily accessible and offers an extensive range of leisure, educational and commercial facilities as well as a mix of cafes, restaurants, bars and galleries.
The bus and main line railway station, providing a direct link to London Paddington is approximately half mile distant. Wooden front door to communal entrance hallway. Stairs rise to second floor.
Door to... entrance vestibule Shallow storage cupboard. Stairs rise to a half-landing. Doors to Top Loft and Little Loft. 'little loft' entrance hallway Radiator. Doors to...
Bedroom - 2.67m x 2.31m (8'9" x 7'6") Wooden sash window to side. Radiator. Bathroom - 2.64m x 1.22m (8'7" x 4'0") Wooden part obscure glazed window to side. Panelled bath with mixer tap shower over.
Low level WC. Wall mounted wash hand basin. Housing for gas combination boiler. Radiator. Bedroom - 3.71m x 3.18m (12'2" x 10'5") Wooden sash window to rear. Radiator.
Wooden steps rise (with cupboard beneath) to study/attic space. Study - 3.71m x 3.05m (12'2" x 10'0") Measured at floor level Restricted head height. Skylight roof window.
Wall mounted electric radiator. 'top loft' Stairs rise to a half-landing. Further steps up to an upper landing with roof window. Throughway to bedroom.
Shower cubicle with tiled surrounds and electric shower. Door to...
Living room - 6.91m maximum into dormer x 3.56m (22'8" maximum into dormer x 11'8") Wooden sash window to front with distant views to Newlyn over rooftops. Skylight roof window to rear.
Whitewashed feature brick fireplace with riven style tiled hearth. Two radiators. Small eaves storage area. Access to kitchen. Door to WC. WC Low level WC. Vanity mounted wash hand basin.
Obscure glazed window gaining light from upper landing. Radiator. Kitchen - 2.87m x 2.08m (9'4" x 6'9") Skylight roof window enjoying views over rooftops to Newlyn. Worksurface areas with inset sink.
Inset electric hob with electric oven beneath and extractor over. Cupboards and drawers below. Spaces for mini fridge/freezer and washing machine. Part-tiled surrounds with cupboards above.
Bedroom - 3.4m x 3.4m (11'1" x 11'1") measured at floor level (From the upper landing) Restricted head height. Skylight roof window. Wall mounted electric radiator.
Directions From the top of Causewayhead turn left onto Clarence Street and proceed to the crossroad junction.
Continue over the road (passing Morrab Studio) and continue down Morrab Road whereby the property will be seen to the eventual left just prior to the entrance of Morrab Gardens.
If using the what3words application - sleepy.easily.sweetened agents notes Property Type & Construction: Granite or whinstone, as built, no insulation (assumed) | Electric: Mains | Water: Mains | Drainage: Mains | Heating: Mains gas boiler and radiators | Broadband: FTTP, asdl | Mobile Coverage: Networks likely available are EE and O2 with Three & Vodafone being limited | Parking: On-Street | Restrictions/Covenants: None | Rights of Way/Easements: None | 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 | Other: The property management company is Golden Sands.
The ground rent is £778.50 for both fire safety insurance and management fees.
30% responsibility for any such repairs which should occur as and when required | Local Authority: Cornwall County Council | Property orientation from front: Westerly | 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 dependant 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
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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.
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FAQ
About 32,Flat 4, Morrab Road, Penzance
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