2-bedroom flat · TR18 4AW
Let agreedListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Flat 2 12 13 Chapel Street A beautiful spacious, unfurnished 2 bedroomed, first floor apartment in historic Chapel Street in Penzance.
This light and airy, well sized property benefits from gas central heating, modern kitchen and large windows overlooking Chapel Street.
The accommodation with approximate dimensions is as follows: Access via gate into alleyway, door into communal hallway and stairs up to first floor landing: Wooden fire door into flat.
Flat Hallway Door into: Store - 4.80m x 1.72m Wall mounted gas fired central heating boiler, built in shelving.
Door from hallway into: Shower Room Low level WC, washbasin in vanity unit, shower cubicle with wall mounted shower, white painted wooden sash windows, mirrored medicine cabinet, heated towel rail Door from hallway into: Bedroom 1 - 4.12m x 4.03m Carpeted, white painted wooden sash windows, central heating radiator, spotlights, alcove storage (cupboards and shelving), ornamental Cornish range Door from hallway into: Bedroom 2 - 3.69m x 3.24m Carpeted, white painted wooden sash windows, central heating radiator, pendant light Door from hallway into: Kitchen/Living/Dining - 6.86m x 5.89m Kitchen Area - Vinyl flooring, spotlights, fitted wall and base units with laminate worktop, stainless steel sink, electric oven and hob.
Living Area – carpeted, large white painted wooden sash window, pendant light, central heating radiator Doorway from kitchen into: Utility - 2.54m x 1.70m Vinyl flooring, fitted base units with laminate worktop, plumbing for appliance, extractor fan
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 2 , 12/13 Chapel Street, Penzance
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