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See how verdicts work2-bedroom flat · TR18 5NL
For saleListed 13 daysAuction 5 Nov · in 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale via online auction in conjunction with Clive Emson Auctioneers on 5th November 2026.
Accessed by its own private door and staircase, the flat offers an 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 rear of the property there is an area of garden (currently overgrown). In need of updating, the flat is being sold chain free.
For a copy of the full auction catalogue and the legal pack for the property please go to or contact Clive Emson Auctioneers on .
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 Double glazed panel door to:- Entrance Vestibule Staircase rising to:- Hallway Double glazed window to side. Radiator.
Doors to:- Bathroom Fitted with a white suite comprising panelled bath, low level WC and pedestal wash handbasin. Obscure double glazed window to front.
Bedroom Two (13' 3'' x 7' 9'' (4.04m x 2.36m)) Double glazed window to side. Radiator. Built-in cupboard.
Open Plan Lounge/Kitchen (13' 3'' x 10' 10'' (4.04m x 3.30m) plus bay and kitchen measurements (tbc)) Two double glazed window to front. Radiator.
The kitchen area is fitted with a range of wall and base cupboards with roll edge worksurfaces over. Wall mounted gas boiler. Stainless steel single drainer sink unit. Space for cooker.
Space for fridge/freezer. Space for washing machine. Door to:- Bedroom One (13' 3'' x 9' 6'' (4.04m x 2.89m) maximum measurements) Double glazed window to side. Radiator.
Outside To the rear of the property there is an area of garden which is currently overgrown. Services Mains water, mains electricity, mains drainage and mains gas.
Agent's Note The Council Tax band for the property is band ‘A’. Leasehold Information The property is being sold with a 999 year lease (being created).
There is a stipulation in the title that no holiday letting is permitted. There is no ground rent. The service charge is currently £2.46 pcm and buildings insurance is £12.72 pcm.
The buyer must take a share of the freehold when the last flat in the block is sold. Please refer to the legal pack for more information/clarity.
Directions From Penzance Railway Station head past the harbour and along the Promenade towards the village of Newlyn.
When you reach Newlyn Bridge and crossroads, proceed straight over onto Chywoone Hill.
Follow this hill to the top and take a left turn into Gwavas Estate where the property can be found a short way along Chywoone Avenue on the left- hand side. If using What3words:- comb.washable.waltz
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 35a, Chywoone Avenue, Penzance
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