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See how verdicts work1-bedroom flat · TR18 2FJ
For saleListed 181 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A nicely presented one bedroom third floor, retirement apartment, exclusively available for over 60's, located within close proximity of the town centre, train and bus stations and Penzance Harbour.
The accommodation comprises of an open plan lounge/dining room, a double bedroom with fitted wardrobes, of which the lounge has access onto a balcony overlooking the rear of the property and the residents patio.
There is also a shower room and the property is offered for sale with no onward chain.
The property is offered for sale with no onward chain and was constructed in 2017 by Churchill Retirement Living, which specialises exclusively in the development of purpose built apartments for those looking for an independent, safe and secure lifestyle.
All the properties are to an nhpc standard with the remainder of a 10 year home warranty.
The development itself offers a communal lounge, guest suite and patio gardens to the rear, with secure intercom system to access the building.
Property additional info Communal intercom access to doorway into: Ground floor communal hallway: Lift leading to the third floor, door into: Apartment: Hallway, radiator, walk in cupboard housing electric boiler and fitted shelving, doors to: Open plan lounge/kitchen: 18' 0" x 14' 4" (5.49m x 4.37m) Radiator, electric fire on stone surround, double glazed doors onto balcony.
Door to: Kitchen: 7' 8" x 7' 5" (2.34m x 2.26m) Double glazed window to rear, base and wall units with worksurfaces and tiling over, single drainer stainless steel sink unit, integral fridge, freezer, oven and hob with extractor over, washing machine.
Door from hallway leads to: Bedroom: 15' 8" x 9' 2" (4.78m x 2.79m) Double glazed window, radiator, built in wardrobe.
Shower room: WC, vanity wash hand basin, fully tiled shower cubicle, heated towel rail, extractor fan, illuminated vanity mirror. Services: Mains water, electricity, and drainage.
Lease: Tbc Charges: Tbc Agents notes: Whenever the property is resold, the seller will need to contribute 1% of the sale price into the contingency fund.
We understand from Openreach website that Superfast Fibre Broadband (fttc) is available to the property. We tested the mobile phone signal for O2 which was good.
The property is constructed of block under a tiled roof. All occupiers of the apartment have use of the communal lounge and terraced gardens to the rear. Mobile signal/coverage: Good.
Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (electric).
Broadband internet type: Fttc (fibre to the cabinet).
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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 29 Mount's Bay Lodge, New Town Lane, Penzance
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