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See how verdicts work2-bedroom bungalow · TR18 5QN
For saleListed 53 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This dormer bungalow with garage and basement is situated in the sought after Lower Gurnick Estate in the famous fishing village of Newlyn. Just a short work to the shops, cafes, bars and harbour.
The property is in need of renovation but an ideal opportunity to develop into a wonderful home.
The property consists of living room, kitchen, conservatory, utility, bathroom and 2 bedrooms on the ground floor. There is a very usable attic space with potential for conversion on the first floor.
Gardens to the rear and front. Agents Note: Please be aware that the information we have about this property is limited.
If there is any point which is of particular importance to you, please contact the branch and we will be pleased to check with our vendor client for you, especially if you are contemplating travelling some distance to view the property.
Telephone reception: EE & Three - Good outside and inside Vodafone & O2 Good outside, variable in.
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 advisers 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
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FAQ
About 13, Lower Gurnick Road, Penzance
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