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See how verdicts work2-bedroom flat · TR18 2HQ
Sold STCReduced £10k (−5.1%) on 28 FebListed 421 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This delightful two-bedroom apartment is set within a Grade II listed building, full of character and period charm.
The property offers a spacious lounge, a kitchen/diner, a double bedroom, a single bedroom with en-suite shower room, and a main bathroom.
There are also glimpses of the sea from some of the principal rooms, adding to its appeal.
Outside, there is a pretty communal courtyard garden, shared with just one other flat, along with a private utility building providing useful storage space.
The apartment is presented in good condition, with scope for modernisation to further enhance its potential.
Offering charm, character and a desirable location, this home is an excellent opportunity for buyers seeking something unique with room to make it their own.
Lease 999 Year Lease from 25th March 1986 with 962 years remaining. £442.00 Per annum buildings insurance. Share of freehold.
A beautiful row of houses and only a short walk to the beach, town centre, train station and seafront. The house has glimpses of the sea and St Michael’s Mount.
The town of Penzance is an historic port on the south facing shores of Mounts Bay. Along the seafront is the art deco Jubilee pool and regular ferries to the Isles of Scilly.
The town centre offers shops, cafes, and restaurants, a variety of historic architecture and the stunning sub-tropical gardens of Morrab and Penlee.
Front door, stairs rising: Entrance 1/2 Landing Radiator, skylight.
Bathroom 1.83m x 2.34m Frosted window to side, two windows to rear, extractor, heated towel rail, wash hand basin with cupboard under, w/c, bath.
Bedroom 2 1.98m x 3.7m Frosted window to rear, radiator, high ceiling, door to: En-Suite 0.91m x 1.73m Extractor, shower, stained glass window to rear.
Bedroom 1 3.28m x 3.96m Radiator, sash window to front with secondary glazing, 2 cupboards to one wall. Kitchen 2.18m x 3.05m Sash window to front with sea glimpse.
Fitted kitchen comprising range of cupboards and drawers, sink and drainer, electric hob and integrated oven and extractor. Space for fridge freezer, tiled splash.
Lounge/Dining Room 3.28m x 4.1m Sash window to front with sea view of Penzance and Lighthouse. Panelling to each side of window, two shelving alcoves, radiator, and cupboards.
Ornamental fire surround. Outside Shared courtyard garden with planted sections, walled. Outside store/utility Boiler, space for washing machine, electrics. Council Tax: Band A.
Services: Electric, mains water 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 Penrose Terrace, Penzance, TR18
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