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See how verdicts work2-bedroom house · TR18 2EU
For saleReduced £25k (−14.3%) on 20 JunListed 259 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Offered to the market with no onward chain is this quirky two bedroom mid-terrace cottage that is but a short distance away from the amenities of Penzance town.
Despite requiring modernisation the property benefits from majority double glazing and a small courtyard.
The property is warmed via a gas central heating system with accommodation in brief comprising living room and kitchen to the ground floor with the two bedrooms (one of which is ensuite) and shower room to the first floor.
We feel this property may suit those looking to purchase for the first time so an early inspection is highly recommended.
Location The bustling market town of Penzance offers a wide range of amenities to include restaurants, local and specialist shops, character public houses together with nearby primary and secondary schooling.
Good commuter links are provided by the bus and main line railway station which are approximately 200 yards distant. Wooden multi panelled door to... entrance vestibule Stairs rise to first floor.
Door to... Living room - 4.47m x 4.37m max (14'7" x 14'4" max) Wooden double glazed window to front. Understairs storage cupboard. Raised dining area.
Worksurface with space for fridge below and cupboards. Two radiators. Opening to...
Kitchen - 3.21m x 1.46m (10'6" x 4'9") Wooden part glazed stable door to rear with a further obscure double glazed window to side. Worksurface area with inset sink and drainer.
Cupboards and drawers below. Space for washing machine and gas oven with extractor over. Cupboards above. Radiator. First floor Small landing. Loft access. Doors to...
Bedroom one - 4.9m x 2.76m max (16'0" x 9'0" max) Wooden double glazed window to front. Feature fireplace (not used) with wooden surround and mantle. Radiator. Door to...
Ensuite - 3.32m x 1.32m (10'10" x 4'3") Skylight roof window. Panelled bath with part tiled surrounds. Close coupled WC. Pedestal wash hand basin. Wall mounted heated towel rail.
Cupboard housing the gas combination boiler. Bedroom two - 3.16m x 2.41m irregular shape (10'4" x 7'10" irregular shape) Wooden double glazed window to front. Radiator.
Shower room - 1.56m x 1.2m (5'1" x 3'11") Corner shower cubicle with tiled surround and mains fed shower over. Wall mounted wash hand basin. Close coupled WC. Outside rear - Small area of courtyard.
Timber gated access to a rear service lane.
Agents notes Property Type & Construction: Solid brick, as built, no insulation (assumed) Timber frame, as built, no insulation (assumed) | Electric: Mains | Water: Mains | Drainage: Mains | Heating: Boiler and radiators, mains gas | Broadband: Adsl/FTTP | Mobile Coverage: Networks available are O2, EE and Vodafone with Three being limited | Parking: On street | Restrictions/Covenants: Unknown | Rights of Way/Easements: Unknown | Flood Risk: No | Coastal Erosion Risk: No | Planning Permission: No | Accessibility/Adaptations: No | Coalfield/Mining Area: Historic tin mining area | aonb/Conservation Area/Listed: Conservation area | Local Authority: Cornwall County Council | Property orientation from front: South Easterly | Viewings - By appointment via Andrew Exelby Estate Agents rental potential: To discuss the long-term, residential rental potential of this property, or any other, please contact Whitlocks in Penzance who will be able to guide you through the process.
Their telephone number is . Disclaimer: These sales particulars should act as a general guide. We have not carried out a detailed survey, nor tested services, appliances, and/or specific fittings.
Some data above is dependent upon third party suppliers and responses were correct at the time of listing.
Measurements and floorplans are a guide and should not be relied upon for carpets, furnishings, etc.
If there are any important matters, which are likely to affect your decision to buy, please contact us before viewing this property.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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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FAQ
About 38, Mount Street, Penzance
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