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See how verdicts work1-bedroom flat · TR18 2EG
No longer listedReduced £5k (−4%) on 3 AugListed 256 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Offered to the market with no onward chain is this one bedroom ground floor that is conveniently located for the town of Penzance.
The property benefits from majority uPVC double glazing and is warmed via a gas central heating system.
The accommodation in brief comprises of a light and airy living room, kitchen, shower room and the bedroom.
We feel this property may suit those looking to purchase for the first time or to the buy to let fraternity so an early inspection is highly recommended.
Location The bustling market town of Penzance offers a wide range of amenities to include restaurants, local and specialist shops, character public houses together with nearby primary and secondary schooling.
Good commuter links are provided by the bus and main line railway station which are approximately 400 yards distant. Wooden panelled door with fanlight window to...
living room - 6.07m x 3.36m max (19'10" x 11'0" max) uPVC double glazed windows to front. Further uPVC double glazed window to side. Opening to kitchen area. Door to bedroom. Radiator.
Kitchen - 3.25m x 3.16m (10'7" x 10'4") Work surface area incorporating a breakfast bar with inset stainless steel sink and drainer. Inset gas hob with extractor over and electric oven below.
Space for washing machine and fridge. Cupboards and drawers below. Part tiled surrounds. Cupboards above. Radiator. Door to...
Shower room - 2.95m x 1.71m (9'8" x 5'7") Corner shower cubicle with electric shower over and Respatex surrounds. Wall mounted wash hand basin. Low level WC. Radiator.
Bedroom - 3.65m max x 3m (11'11" max x 9'10") uPVC double glazed window to side with deep sill. Built in wardrobe with sliding mirrored doors to front. Cupboard housing the gas combination boiler.
Radiator.
Agents notes Property Type & Construction: Granite or whin, as built, no insulation (assumed) | Electric: Mains | Water: Mains | Drainage: Mains | Heating: Boiler and radiators, mains gas | Broadband: FTTP, adsl | Mobile Coverage: Networks likely available are O2, EE, Vodafone and Three all with varying signal | Parking: On Street | Restrictions/Covenants: No | Rights of Way/Easements: No | Flood Risk: No | Coastal Erosion Risk: No | Planning Permission: No | Accessibility/Adaptations: No | Coalfield/Mining Area: Historic tin mining area | aonb/Conservation Area/Listed: Conservation area | Other: A new management company has been created and a 25% share of this company will be passed to the new owner.
A new 999 year lease will also be granted. No charges noted as yet.
25% of buildings insurance to be charged back to the purchaser | Local Authority: Cornwall County Council | Property orientation from front: Southerly | Viewings - By appointment via Andrew Exelby Estate Agents rental potential: To discuss the long-term, residential rental potential of this property, or any other, please contact Whitlocks in Penzance who will be able to guide you through the process.
Their telephone number is . Disclaimer: These sales particulars should act as a general guide. We have not carried out a detailed survey, nor tested services, appliances, and/or specific fittings.
Some data above is dependent upon third party suppliers and responses were correct at the time of listing.
Measurements and floorplans are a guide and should not be relied upon for carpets, furnishings, etc.
If there are any important matters, which are likely to affect your decision to buy, please contact us before viewing this property.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 37b, Bread Street, Penzance
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