2-bedroom house · TR18 5JE
For saleListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Believed to have been built around 1800, this remarkable three-storey home is rich in character and deeply connected to Newlyn’s maritime heritage.
The lower basement level, once used for processing and storing pilchards, offers a fascinating glimpse into the property’s historic past.
The house is in the oldest part of Newlyn, in a street once the haunt of the Newlyn School painters. Set over three floors, the layout provides both flexibility and sea views from multiple rooms.
On the ground floor, you’ll find a well-appointed kitchen, a shower room, and a bedroom that enjoys views out to the water.
The first floor is home to a truly spectacular living room, featuring a vaulted ceiling and impressive sea views that fill the space with light and character.
The lower ground floor includes a bedroom with sea views, a bathroom, utility area, and a versatile studio or snug room.
The current owner has successfully let the ground-floor and first-floor rooms on Airbnb making the property an appealing option for those seeking a home with proven income potential.
Located on Boase Street in the heart of Newlyn, the house is just a short walk from the village centre.
Newlyn, a small fishing village just over a mile from Penzance has many local amenities including a Co-op, doctors' surgery and post office.
It also boasts a number of artisan cafes, restaurants, art galleries and a cinema. Nearby Penzance has rail links to the rest of the country.
Ground Floor Wooden stable door into: Kitchen/Dining Area 5.1m x 3.53m Radiator, power points, single-glazed sash window to front with window seat.
Bosch integrated oven, space for under counter fridge, gas hob with worktops, and stainless steel splashback. Bespoke fitted cupboards with shelving, and hanging for pots/pans and kitchen utensils.
Sink with mixer tap. Space for small undercounter dishwasher and microwave. Beams. Boiler in cupboard.
Dining - Space for table/chairs, power points, single-glazed sash window to front with window seat. Stairs rising. Hallway Single-glazed window to rear with large windowsill.
Stairs rising to first floor. Hallway Velux window. Wooden flooring. Main Bedroom 2.8m x 3.2m Single-glazed window to side with deep sill. Radiator, power points.
Single-glazed sash window to front with view of Newlyn harbour and across to Penzance. Stairs down to: Lower Ground Floor Wooden door onto street level. Stairs rising.
Understairs storage, power points. Hallway Power points, hanging/storage. Electric fusebox. Tap. Bedroom 2 3.1m x 2.8m Single-glazed sash window to front with harbour glimpse.
Radiator, power points, concrete flooring, BT point. Utility Area 1.52m x 1.32m Sink and drainer with mixer tap, radiator, plumbing for washing machine, power points.
Study/Snug 4.14m x 3.48m Radiator, beams, single-glazed window to street level with large sill, storage curtain with alcoves behind.
Bathroom 1.75m x 1.55m Wash hand basin, w/c, vanity cupboard. Bath with shower over and shower curtain, part-tiled, radiator. Extractor fan.
Shower Room 2.3m x 1.52m Shaver point, wash hand basin, w/c, shower cubicle with Mira shower over. Single-glazed window to rear. Vanity unit.
First Floor Living Room 6.73m x 4.34m Wooden flooring, radiator, power points, traditional beams, alcove.
Single-glazed window to side with deep sills and incredible views across to Penzance, Marazion and Newlyn harbour. 2 Single-glazed sash slider windows to front. Council Tax: Band A.
Broadband: We understand from Openreach that Full fibre broadband is available.
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 advisors 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
FAQ
About Boase Street, Newlyn, TR18
Explore nearby