2-bedroom flat · TR18 2AJ
For saleListed 74 days
Opportunity summary
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About
Service charge (For Leasehold tenure): £720 per year. A two bedroom attic flat, situated in a popular residential street, within the town of Penzance and offered for sale with no onward chain.
The property comprises of an open plan kitchen/dining room, two bedrooms and a shower room, is double glazed and gas centrally heated and is presently being successfully holiday let.
The property is offered for sale with no onward chain and would make an ideal first time buy/investment purchase.
Property additional info Half glazed wooden door into: Communal hallway: Stairs rising with door into: Flat 5: Stairs leads to: Hallway: With radiator, ladder steps into: Bedroom two: 10' 3" x 7' 5" (3.12m x 2.26m) Sloping ceiling, skylight, boiler.
Further steps lead to: Main landing: Doors to: Shower room: Fully tiled mains shower cubicle, radiator, pedestal wash hand basin, WC, extractor fan, fully tiled walls and floor.
Bedroom one: 12' 4" x 10' 9" (3.76m x 3.28m) Two skylights to rear, storage into eave space, radiator, wall lights, TV point.
Kitchen/living room: 18' 4" x 9' 4" (5.59m x 2.84m) Skylight to front, storage into eave space, radiator, telephone point, range of base units with worksurfaces and tiling over, single drainer stainless steel sink unit, electric cooker and hob, sloping ceiling.
Outside: To the front of the property is a communal bin store. Services: Mains water, electricity, gas and drainage.
Agents notes: We understand from Openreach website that Full Fibre Broadband (FTTP) is available to the property. We tested the mobile phone signal for O2 which was good.
The property is built of granite under a tiled roof. Lease: 999 years from 2024 charges: Service Charges: £720 pa. 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: FTTP (fibre to the premises).
Value & comps
No previous sales on record.
Returns
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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 Flat 5, 12 Pendarves Road, PENZANCE
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