We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom property · TR18 2GA
Sold STCListed 324 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stylish Rebuilt Townhouse with Sea Views - Wharfside -Penzance This newly rebuilt two bedroom townhouse enjoys a secure Mediterranean style courtyard setting, perfectly positioned for effortless access to the seafront, Jubilee Pool and Penzance town centre.
The design and finish are excellent throughout, offering two generous bedrooms and a superb German Nobilo kitchen with integrated Bosch appliances including oven, hob, fridge, freezer, dishwasher and washer/dryer.
High-quality carpets and flooring mean the property is truly ready to move straight into - just bring your furniture.
The main living space features French doors opening onto a balcony with attractive sea views, while the front patio area provides space for a small bistro table.
The development includes a private security entry system, creating a peaceful and safe environment.
This property forms part of the fast-improving Wharfside area now home to some of the most exciting independent businesses in West Cornwall.
Living here gives you unrivalled convenience and a vibrant coastal lifestyle.
Wharfside highlights include: * Freds Pizzeria - outstanding wood-fired pizzas and a lively social atmosphere * Corn & Fork Restaurant - exceptional small plates and a highly rated dining experience * Ride On Bike Hire & Coffee Shop - perfect for coastal rides and great coffee * New independent shops & local makers - speciality stores adding real character to the area * Moments from the harbour & promenade - ideal for evening walks and sea swims * Yards from Penzance Station - direct trains to London and superb UK connections Everything you need is literally on your doorstep - cafés, restaurants, shops, transport links and the seafront.
Accommodation (All dimensions are approximate) Ground Floor Entrance Hall (2.9m x 1.9m) - Radiator, stairs, cupboard with washer/dryer Living Room/Kitchen (6.3m x 5.6m) - Superb German Nobilo kitchen with integrated Bosch appliances; French doors to balcony; sea views First Floor Landing (2.1m x 2.0m) - Ideal for a desk/home workstation Bedroom 1 (4.5m x 2.8m) - Sea views, radiator, loft access Bedroom 2 (4.0m x 2.6m) - Sea views, radiator Bathroom (2.1m x 1.6m) Outside * Front seating area suitable for a bistro table * Rear balcony with sea views Tenure & Charges Lease: Newly created 999-year lease Ground Rent: £250 per annum Service Charge: £1,147.25 per annum (includes buildings insurance, common area upkeep and external redecoration) Services Mains water, electricity and drainage
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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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 33 Wharf Road - Wharfside Village - Penzance
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