2-bedroom flat · TR18 2HQ
Listing removedReduced £20k (−8.2%) on 22 JulListed 365 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled within a most distinguished Grade II listed, early 19th-century double-fronted residence, this exquisite two-bedroom ground floor garden apartment exudes timeless elegance and coastal charm in equal measure.
Approached via its own entrance through an enchanting private garden, boasting wonderful sea views toward St.
Michael’s Mount, the property immediately delights with an air of seclusion and refinement rarely found so close to the sea.
Internally, the accommodation is both generous and well-appointed, blending period grace with modern comfort.
The spacious living/dining room provides a superb setting for entertaining or quiet repose, while the kitchen/diner to the rear offers an inviting space for culinary pursuits and informal gatherings alike.
The property further comprises two well-proportioned bedrooms, a good-size bathroom with both bath and separate shower, and a useful utility area discreetly tucked away.
Externally, the private front garden serves as a tranquil retreat, perfect for al fresco dining or simply enjoying the coastal air.
To the rear, a communal courtyard, shared with the other residents, provides the access way to the other flats in the building, adding to the sense of community within this handsome period property.
A rare opportunity to acquire a property of such distinction - where heritage, elegance, and seaside living combine to create a home of enduring appeal.
Agents Notes: Mobile signal coverage as per ofcom: EE - Good outdoor and in-home O2 - Good outdoor, variable in-home Three - Good outdoor Vodafone - Good outdoor and in-home
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
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FAQ
About Flat 3, 3, Penrose Terrace, Cornwall
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