1-bedroom flat · TR18 5AJ
Listing removedListed 147 days
Opportunity summary
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About
Lovely panoramic sea views across Mount's Bay, Newlyn Harbour, St Michael's Mount and beyond from this easy to maintain one bedroom, second floor apartment, which would make an ideal first time buy or investment property.
The property is in a prime position within the village of Newlyn, set in communal gardens, within easy reach of most amenities, and the town of Penzance is only a short drive away.
The Malt House is a small block centrally located, which really needs to be viewed internally to appreciate to the full.
Property additional info entrance hall: Which is owned by Flat 3 (although Flat 2 has the right of way), stairs rising to the: Second floor: Door to: Entrance hall: Built in airing cupboard housing hot water cylinder, further built in storage cupboard.
Living room: 13' 9" x 11' 3" (4.19m x 3.43m) Lovely panoramic sea views over Newlyn Harbour to St Michael's Mount and beyond, exposed A frames, UPVC double glazed window, electric radiator.
Kitchen: 6' 6" x 5' 7" (1.98m x 1.70m) Stainless steel inset single drainer sink unit with cupboards below, wall and base units, worksurfaces, power points, electric cooker and fridge.
Bedroom: 12' 5" x 8' 4" (3.78m x 2.54m) Lovely panoramic sea views over Newlyn Harbour to St Michael's Mount and beyond, built in wardrobes and cupboards, electric radiator.
Bathroom: White suite comprising panelled bath with mixer tap and shower attachment, pedestal wash hand basin, low level WC, UPVC double glazed window, chrome towel rail.
Outside: Lawned communal gardens. Services: Mains water, electricity and drainage. Directions: Via "What3Words" app: ///mammoths.vocal.flask lease: 999 years from June 1975.
Charges: 8th share of freehold. Agents notes: We understand from Openreach website that Full Fibre Broadband (FTTP) is available to the property.
We tested the mobile phone signal on Vodafone which was good. Mobile signal/coverage: Good. Water source: Direct mains water. Electricity source: National Grid.
Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (electric). Broadband internet type: FTTP (fibre to the premises). Parking Availability: No.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 3, The Malt House, Newlyn
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