1-bedroom flat · TR18 2TB
For saleReduced £15k (−10%) on 2 SepListed 181 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A purpose built McCarthy Stone, one bedroom ground floor apartment in a secure self contained environment, close to the town centre and its amenities.
The property is available to purchase for over 60's and the accommodation comprises of one double bedroom, shower room, lounge/dining room and kitchen with patio to the front.
Within the development, the owners have use of residents lounge, kitchen, library and laundry room, along with the self contained guest suite, which is available to family and relatives at a nominal cost per night.
The property is offered for sale with no onward chain.
Property additional info Glazed double doors into: Communal hallway: Door into: Flat 6: Electric radiator, walk in cupboards, one housing electric central heating boiler, doors to: Lounge/dining room: 5.80m x 4.04m (19' x 13' 3") Radiator, electric fire with surround, double glazed window and door onto patio.
Kitchen: 2.36m x 1.73m (7' 9" x 5' 8") Double glazed window to front, range of base and wall units with stainless steel sink, integrated oven, fridge, hob with extraction fan over and freezer.
Door from hallway into: Bedroom one: 4.04m x 2.87m (13' 3" x 9' 5") Radiator, UPVC double glazed window to front, fitted mirrored door wardrobe.
Shower room: WC, wash hand basin, double sliding doors into shower with hand rail, extractor fan, heated towel rail, tiled walls. Outside: Terrace to the front of the apartment.
Also, communal gardens and residents parking. Parking space can be made available upon request by the management company. Charges: Tbc Lease: 125 years from 2004.
Services: Mains water, electricity and drainage. Agents notes: We understand from Openreach website that Full Fibre Broadband (FTTP) is available to the property.
We tested the mobile phone signal for O2 which was good. The property is built of block under a concrete tiled roof. Roof type: Concrete roof tiles. Mobile signal/coverage: Good.
Construction materials used: Brick and block. Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic.
Heating Supply: Central heating (electric). Broadband internet type: FTTP (fibre to the premises). Parking Availability: Yes.
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
FAQ
About 6 Trafalgar Court, East Terrace, Penzance
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