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See how verdicts work2-bedroom house · TR18 5PT
No longer listedReduced £25k (−7.7%) on 4 SepListed 122 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented and recently refurbished terraced granite cottage, situated within the fishing village of Newlyn, within level walking distance of the Penzance Promenade and all the amenities the village has to offer.
The accommodation comprises of an open plan lounge, leading into dining room and kitchen, and a cloak room on the ground floor. On the first floor there are two double bedrooms and a bathroom.
The property has been refurbished to a high standard throughout and is double glazed and gas centrally heated, has a garden to the front and courtyard to the rear and is offered for sale with no onward chain.
Property additional info Painted wooden door into: Hallway: Glazed door into: Lounge: 16' 0" x 13' 2" (4.88m x 4.01m) Double glazed sash window to front with window seat under, stairs rising, two radiators, internal window with cupboard below, engineered oak floor, fireplace to one wall (not used) on slate hearth, recess to either side, wall lights.
Open doorway into: Dining room: 10' 2" x 7' 9" (3.10m x 2.36m) Double glazed window to rear, radiator, tiled floor, inset spotlights, wall lights.
Dining room opens into: Kitchen: 8' 2" x 6' 2" (2.49m x 1.88m) With tiled floor, inset spotlights, base units with worksurfaces and tiling over, integral oven with hob, extraction fan, dishwasher, washing machine, single drainer stainless steel sink unit, double glazed window to rear.
Door from dining room to: Rear hallway: Tiled floor, half glazed door to rear courtyard, skylight, wall light, door to: Cloakroom: WC, wash hand basin, radiator, extractor fan, window to rear.
First floor landing: Access to loft, radiator, cupboard housing combination boiler, doors to: Bedroom one: 14' 2" x 8' 8" (4.32m x 2.64m) Double glazed window to front, wall lights, radiator, picture rail.
Bedroom two: 10' 2" x 8' 3" (3.10m x 2.51m) Double glazed window to rear, wood flooring, radiator, two wall lights.
Bathroom: Inset spotlights, extractor fan, shaver point, heated towel rail, bath with mains shower over, vanity wash hand basin, WC, tiled floor and partially tiled walls, double glazed window to rear, wall light.
Outside: To the front of the property there is an enclosed garden laid to patio, fully enclosed rear courtyard with outisde tap and gated access to rear service lane.
Services: Mains water, electricity, gas and drainage. Agents note: Since the EPC was commissioned, the property has been refurbished.
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. Mobile signal/coverage: Good. Construction materials used: Others. 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). Parking Availability: No.
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
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FAQ
About 26 Florence Place, Newlyn, Newlyn, Penzance
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