Studio flat · TR18 3AJ
For saleReduced £5k (−5.9%) on 8 SepListed 282 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Service charge (For Leasehold tenure): £369 per year. Ground rent (For Leasehold tenure): £10 per year.
A very well presented ground floor studio apartment with fitted kitchen and separate shower room. There is a small seating area to the front of the property. Internal viewing is recommended.
Ideal investment purchase with no onward chain.
Property additional info Double glazed stable door to: Open plan living area/kitchen: 14' 10" x 10' 3" (4.52m x 3.12m) Laminate flooring, two radiators, wall mounted combination central heating boiler.
Open plan to kitchen area: Stainless steel inset single drainer sink unit, built in electric oven and four ring eletric hob with extractor hood above, tiled splashback, wall and base units, space for fridge, plumbing for washing machine.
Shower room: White suite comprising low level WC, wash hand basin, shower unit with chrome mixer, tiled wall and flooring, extractor fan. Outside: Shared courtyard to the front.
Lease: 999 years from 2006. Charges: Ground rent: £10 pa. Service Charge: £369 pa. Services: Mains water, electricity, gas and drainage.
Agents note: We understand from Openreach website that Copper Broadband is available to the property. We tested the mobile phone signal for O2 which was good.
The property is built of Mobile signal/coverage: Good. Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic.
Heating Supply: Central heating (gas). Broadband internet type: Adsl copper wire. Parking Availability: No.
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 Flat 2, 5 Penare Road, Penzance
Explore nearby
.png){kind=logo}
