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See how verdicts work2-bedroom flat · TR18 5NP
Listing removedReduced £10k (−7.7%) on 8 JulListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accessed by its own private door and staircase, this light and airy apartment offers a fantastic open plan living space with kitchen area to one corner, two bedrooms and bathroom.
The apartment gains sea glimpses from the living room. The property is warmed via gas central heating to radiators and is double glazed.
To the front of the property there is a generous lawned garden which is enclosed by picket fencing and unrestricted street parking is available on the crescent. Offered for sale with no chain.
Newlyn has a rich history in the fishing industry and many boats land their catch of the day at the harbourside.
Newlyn has become a popular place to visit as it has a selection of art galleries along with a cinema and a number of restaurants serving fine food.
You can also enjoy the sea front and take the fifteen minute level walk into the larger market town of Penzance.
Penzance has a wide range of retail outlets and bus and train stations to connect further afield if needed.
Accommodation Comprises Front door to:- Entrance Hall Staircase rising to:- Landing Double glazed window to front gaining sea views. Radiator. Wall mounted consumer unit.
Door to:- Inner Hall Doors to:- Bathroom Fitted with a white suite comprising panelled bath, low level WC and pedestal wash handbasin. Obscure double glazed window to front. Radiator.
Bedroom Two (13' 2'' x 7' 10'' (4.01m x 2.39m)) Double glazed window to side. Radiator.
Kitchen/Lounge/Diner (13' 2'' x 11' 6'' (4.01m x 3.50m) plus recesses) Living Space A lovely light and airy space with double glazed window to side gaining sea glimpses. Laminate flooring. Radiator.
Kitchen Fitted with a matching range of light wood effect wall and base cupboards with roll edge worksurfaces over. Space and plumbing for washing machine. Space for cooker.
Stainless steel single drainer sink unit. Double glazed window to side. Bedroom One (13' 2'' x 9' 7'' (4.01m x 2.92m) maximum measurements) Double glazed window to side. Radiator.
Outside To the front of the property there is a generous lawned garden enclosed by picket fencing. There is also a grassed area to the side of the apartment.
Leasehold Information The property is being sold with a new 999 year lease. The service charge is estimated to be £33 per calendar month to include buildings insurance.
Services Mains water, mains electricity, mains drainage. Agent's Notes The Council Tax band for the property is band 'A'.
We understand a condition of the lease is that the property cannot be used for holiday letting. Directions From Penzance promenade proceed westerly to Newlyn.
Go past Jelbert’s ice cream shop on your right and then take the second turning right on to Chywoone Hill. Continue to the top of the hill and turn left on to Chywoone Avenue.
At the roundabout, take the first turning where to property will be found on the left hand side. If using What3words:- absorb.hush.enabling
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 1B, Chywoone Crescent, Penzance
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