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See how verdicts work6-bedroom house · TR10 9DL
For saleReduced £25k (−5.3%) on 20 AugListed 151 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoying countryside views across neighbouring fields is this deceptively sized property, set back from the road in Longdowns on the outskirts of Penryn.
The property forms a six bedroomed house currently divided into three flats with gardens to the side Set back from the road and enjoying countryside views, this property was formerly a Bed and Breakfast establishment and currently comprises a three-bedroom maisonette, a two-bedroom ground floor flat with conservatory and a one-bedroom self-contained flat.
All apartments have their own access and two of the flats share the front garden space with the third apartment having its own outside space.
The current owner has updated and extended the property with a Certificate of Lawfulness and it could easily be reconfigured to become one house for an extended family, however it does offers scope to keep part of it or all of it as a letting opportunity if someone so wished, accessed via a sizeable driveway, there is ample parking to the front.
Located on the outskirts of Penryn, Longdowns, provides easy access to the surrounding towns of Helston, Redruth and Falmouth and the local villages.
There is a convenience store close by and the Halfway House public house and the nearest local supermarket is just two and a half miles distant towards Penryn.
Buses run regularly on the main road with a bus stop just yards from the house with services to Helston, Falmouth and the Exeter University Penryn Campus approximately two miles distant.
Ground Floor Accommodation Comprises Door to:- Flat Two Flat Two Conservatory (32' 5'' x 6' 3'' (9.87m x 1.90m)) Windows to three sides. Polycarbonate roof and rural views.
Door to:- Flat Two Open-Plan Kitchen/Lounge/Diner (15' 4'' x 13' 4'' (4.67m x 4.06m) maximum measurements into recesses) Flat Two Kitchen Area Range of floor and wall mounted cupboards having working surface over and incorporating an inset stainless steel single drainer sink unit with tiled surround.
Space for cooker, space for washing machine and space for fridge/freezer. Radiator to one wall and door to hallway leading to other parts of the property.
Flat Two Hallway Understairs storage cupboard housing immersion tank and radiator.
Door to:- Flat Two Bedroom One (12' 11'' x 11' 11'' (3.93m x 3.63m)) A spacious room with a double glazed window with a rural outlook along with a further looking into the conservatory and radiator.
Flat Two Bedroom Two (13' 0'' x 11' 0'' (3.96m x 3.35m)) Double glazed window with a rural outlook and radiator.
Flat Two Bathroom Bath with mains shower over and shower screen, pedestal wash hand basin with tiled splashback and mirrored cabinet over, low level WC. Splashboarding to walls and radiator.
Flat One The apartment is accessed via a double glazed entrance door to the side of the building which leads into:- Flat One Open-Plan Lounge/Bedroom (12' 10'' x 11' 0'' (3.91m x 3.35m) maximum measurements, L-shaped) Double glazed window.
Spotlighting, space for seating and radiator.
Door to:- Flat One Kitchen (9' 8'' x 5' 1'' (2.94m x 1.55m) maximum measurements) Space for fridge/freezer, wall and floor-mounted cupboards having adjoining working surfaces and incorporating an inset single drainer sink unit.
Plumbing for washing machine, space for cooker, extractor hood above and tiled splashback.
Door to:- Flat One Shower Room Double glazed obscure glass window, extractor fan, shower cubicle with splashboarding housing mains water shower, low level WC, pedestal wash hand basin with mirror over and radiator.
Flat Three Double glazed door to:- Flat Three Hallway Electrical cupboard and tiled flooring.
Door to:- Flat Three Kitchen (11' 9'' x 9' 3'' (3.58m x 2.82m) plus doorway recess) Double glazed window, range of floor and wall-mounted units having adjoining working surface over and incorporating an inset single drainer sink unit.
Tiled surround, space for washing machine, space for fridge/freezer and space for cooker with extractor hood over.
Door to:- Flat Three Lounge/Diner (12' 2'' x 10' 10'' (3.71m x 3.30m) plus recess) Double glazed window, laminate flooring and radiator.
Flat Three Bedroom Three (13' 10'' x 7' 10'' (4.21m x 2.39m)) Featuring a dual-aspect with two double glazed windows and radiator.
Flat Three Bathroom Wooden window frame, low level WC, pedestal wash hand basin, tiled splashback with mirror above, bath with electric shower, towel rail and radiator.
Flat Three First Floor Landing Loft hatch and eaves storage space.
Door to:- Flat Three Bedroom One (14' 7'' x 8' 10'' (4.44m x 2.69m)) Double glazed window with views, eaves storage, storage cupboard, pedestal wash hand basin and radiator.
Flat Three Bedroom Two (13' 8'' x 8' 10'' (4.16m x 2.69m) maximum measurements into recess) Storage cupboard, pedestal wash hand basin, storage cupboard/wardrobe and radiator.
Outside To the front of the property, there are pillars leading onto the driveway which has ample parking along with fencing and mature shrubs on each side, a lawn which is communal space for Flats One and Two and bin storage.
Flat Three has its own allocated space with a separate lawn to the side. Oil tank.
Services Mains water, private drainage (septic tank which is housed in the neighbouring field), mains electric and oil heating.
Agent's Note The Council Tax Band for each of these apartments is Band 'A'.
Directions On the A394 towards Helston, at Longdowns, the property will be identified opposite the garage on right-hand side. If using What3words: Highbrow.gift.flinches
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.
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About Tom Tom Manor, Penryn
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