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See how verdicts work2-bedroom flat · TR18 4RZ
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious two-bedroom first-floor flat situated in an established residential area of Penzance, offering well-proportioned accommodation, garden areas to both the front and rear, and plenty of potential for improvement.
The property is accessed via its own external staircase, leading to a small entrance terrace and private front door.
Internally, the accommodation comprises a generous, light-filled living room with a feature fireplace, separate kitchen, two bedrooms and a bathroom.
Whilst the property requires renovation and modernisation throughout, it offers good-sized rooms and plenty of natural light, providing an excellent basis for a purchaser looking to create a home to their own taste.
Outside, the flat benefits from its own sections of garden to both the front and rear, providing useful outdoor space.
There is also a private external storage cupboard beneath the staircase, ideal for bicycles, tools or general storage.
Easy on-street parking is available nearby, and the property is conveniently situated for local amenities and access into Penzance town centre.
Leasehold Information Freeholder: LiveWest Lease: 125 years from June 1991 Annual Service Charge: £71.04 Annual Buildings Insurance: £12.72 (subject to confirmation) Ground Rent: Nil Additional Maintenance Charge: Nil Situated on a quiet estate with ample on road parking the property is close to a Primary school, family friendly pub, local shop and walking distance to Penzance town centre.
Regular bus service available also. Steps rising to: Upvc double-glazed front door into: Entrance Hall Night storage heater, access to loft space., door to airing cupboard.
Kitchen 3.66m x 2.44m Upvc double-glazed window to side with far reaching views. Fitted kitchen with sink and drainer, space for gas cooker, washing machine, and fridge freezer.
Living Room 4.57m x 3.05m Upvc double-glazed window to front, gas fire on tiled surround. Bedroom 1 3.66m x 2.74m Upvc double-glazed window to rear, radiator.
Bedroom 2 3.66m x 2.44m Upvc double-glazed window to front, radiator, door to large storage cupboard.
Bathroom 1.83m x 1.78m Frosted Upvc double-glazed door to rear, wash hand basin, w/c, bath with electric shower over. Services: Electricity, mains water and drainage.
Council Tax: Band A.
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
FAQ
About Tregarth Place, Alverton, Penzance, TR18
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