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See how verdicts work2-bedroom flat · TR18 4TJ
Listing removedListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Service charge (For Leasehold tenure): £1500 per year.
This two bedroom first floor apartment offering bright spacious accommodation on the first floor of this most sought-after apartment block, having communal gardens and two parking spaces in tandem.
The property is located on the first floor of this prestigious block offering bright, spacious accommodation with high ceilings throughout and views across the town.
The open plan living/kitchen area is light with high ceilings and six sliding sash double glazed windows.
The present vendor has maintained the property to a high standard and is, therefore, offered for sale in good decorative order throughout.
There is an en suite shower room to the master bedroom along with a separate bathroom.
Alverton Court is located within easy reach of Penzance, within close proximity of most amenities with lawned communal gardens and two parking spaces in tandem.
Due to the popularity of properties such as this we recommend an early appointment.
Property additional info main entrance hall: Impressive staircase to first floor with access to: Entrance hall: Built in cloak cupboard, entry phone system, radiator, access to: Roof space: Via pull down ladder, electric light, some boarding.
Living room: 21' 0" x 13' 5" (6.40m x 4.09m) Double aspect room with views over the town, high ceilings, six double glazed sash windows, laminate flooring, TV point, two radiators, open plan to: Kitchen area: Stainless steel single drainer sink unit with cupboards below, range of fitted wall and base units, worksurfaces and power points, built in oven, four ring gas hob and extractor hood, integrated fridge/freezer, dishwasher and washing machine, sunken spotlights, laminated flooring.
Bedroom one: 11' 4" x 8' 8" (3.45m x 2.64m) Full range of built in wardrobes with sliding mirror doors, double glazed sliding sash window, picture rail, radiator.
En suite shower room: White suite comprising double size shower cubicle with sliding glazed door and chrome fittings, pedestal wash hand basin, low level WC, wall mounted cupboard, tiled flooring, sunken spotlights, chrome radiator.
Bedroom two: 11' 4" x 8' 3" (3.45m x 2.51m) Double glazed window to the side, picture rail, radiator.
Bathroom: White suite comprising panelled bath with shower over and glass screen, wash hand basin, low level WC, tiled flooring, sunken spotlights, chrome towel rail.
Outside: Lawned communal gardens with well stocked flower borders and parking space to the rear. Services: Mains water, electricity, gas and drainage.
Directions: From St John's Town Hall, within the centre of Penzance, proceed along Alverton Road towards Newlyn, continue pass Kings Road and Alverton Court will be found on your right hand side.
Via "What3Words" app: ///flexed.royally.soaps agents note: We understand from Openreach website that Standard Broadband (adsl) is available to the property.
We tested the mobile phone signal for Vodafone which was good. The property is constructed of granite under a castellated roof. Some pets may not be allowed without the landlords agreement.
No holiday letting lease: 999 years from 25th March 2005. Service charge: £125 pcm, including ground rent and insurance. 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: Adsl copper wire. Parking Availability: Yes.
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.
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About Flat 1, Alverton Court, Penzance
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