2-bedroom flat · TR18 4AW
Listing removedReduced £100 (−8.7%) on 24 AugListed 158 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious 2 bedroomed, unfurnished first floor apartment with private roof terrace and gas central heating.
Located in the popular Chapel Street which is close to the Promenade and local shops and amenities. Sorry no smokers. Tenants will be subject to affordability checks.
EPC - E 52 Council tax band - A Hallway (2.18m average x 3.23m average (7'2 average x 10'7) Sitting Room (5.49m max x 3.66m.0.61m average (18' max x 12.2' a)Carpeted, 2 pendant lights, UPVC bay window, central heating radiator and ornamental fireplace.
Kitchen (2.90m x 2.64m (9'6 x 8'8))Fitted base & wall mounted units, vinyl flooring, spotlights, gas central heating boiler, oven, hob, sink, plumbing for appliance and french door to roof terrace.
Bedroom 1 (4.17m x 3.30m (13'8 x 10'10))Carpeted, central heating radiator, single glazed sash window and pendant light.
Bedroom 2 (3.71m max x 3.07m max (12'2 max x 10'1 max))Carpeted, central heating radiator, single glazed sash window and pendant light.
Bathroom Vinyl floor, bath with shower over, pedestal wash basin. Low level WC, bulkhead light and extractor fan in ceiling.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 1, 12/13, Chapel Street, Penzance TR18, Penzance
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