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See how verdicts work2-bedroom flat · TR18 4AF
Listing removedListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A light and spacious ground floor apartment offering impressive open-plan living and well-balanced accommodation throughout.
The heart of the home is the stunning 33ft living area, with the kitchen positioned neatly to the side.
The property further benefits from two bedrooms and two contemporary shower rooms, making it perfectly suited for professionals, downsizers or those seeking guest accommodation.
Externally, the apartment enjoys its own private outdoor spaces to both the front and rear, together with a secure private parking space.
Additional benefits include ample storage and access to a laundry room. The property is held on a 999 year lease commencing in 2001.
The annual service charge is £3,648, inclusive of insurance and ground rent. Chapel Street: perhaps the most fascinating street in Penzance.
With an array of shops and houses this street is steeped in history and architecture. Walking distance to all amenities including train station. With shops, restaurants and galleries on your doorstep.
Entrance Hall Double-glazed doors with one way privacy glass into entrance hall. Radiator, 2x doors to storage cupboard housing the boiler.
Open plan living area 4m x 10.1m Large light room with large sash windows to front and rear with secondary glazing. 2x rads. Gas fire with wooden surround. Shelving recess x3.
Door to second entrance and inner building, car park, bin area and lift. Kitchen 3.35m x 2.77m Double doors to private outside space with one way privacy glass.
Fitted kitchen with sink and drainer. Integrated hob with extractor above, electric oven, fridge/freezer and dishwasher. Granite tops.
Inner hall Door to- Shower Room 1.22m x 1.85m Double shower, basin with storage below. Heated towel rail, LED mirror, automatic W.C. with position adjust, heated seat and spray setting.
Bedroom 2 3.35m x 3.66m Sash window to rear with secondary glazing. Radiator, 2x storage cupboards. Bedroom 1 4.6m x 4.6m Large sash window to front with secondary glazing. Radiator.
2x double doors to storage cupboard. Door to- Ensuite Bathroom 1.83m x 1.22m Shower, W.C. heated towel rail, basin with storage below, mirrored wall cabinet. Extractor.
Outside Private parking space right outside in the secure parking area. Also a private patio area next to this and a small storage shed.
Off the kitchen is a long slim patio area onto Chapel Street. Council Tax Band D. Broadband We understand that fibre is available. Services Mains water, drainage and electricity.
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
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FAQ
About St Michaels Court, Chapel Street, Penzance, TR18
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