2-bedroom flat · TR18 2BQ
Listing removedListed 171 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented two-bedroom apartment with private terrace, centrally positioned a short walk from Penzance's shops, pubs, restaurants, bars and more.
This bright and practical home offers a well-balanced layout, perfect for first-time buyers, investors, or those seeking a convenient coastal base.
The heart of the property is a spacious open plan living/kitchen/dining space, providing a sociable area with direct access to the terrace - ideal for morning coffee or unwinding after a day by the sea.
This apartment comprises two bedrooms, including a comfortable principal bedroom and a versatile second bedroom, suitable as a guest room, home office, or nursery.
A central hallway connects all rooms, enhancing the sense of flow, and the centrally located shower room providing ease of access.
Externally, the terrace offers a rare outdoor retreat, which is a rare bonus for such a price point in a central location like this, perfect for alfresco dining or adding a touch of greenery.
Agent's Notes: Mobile signal coverage as per ofcom: EE - Good outdoor and in-home; O2 - Good outdoor, variable in-home; Three - Good outdoor and in-home; Vodafone - Good outdoor and in-home.
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 5 Bakehouse Apartments,, High Street, Cornwall
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