Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · TR18 2HQ
Sold STCListed 40 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled within a most distinguished Grade II listed, early 19th-century double-fronted residence, this exquisite two-bedroom ground floor garden apartment exudes timeless elegance and coastal charm in equal measure.
Approached via its own entrance through an enchanting private garden, boasting wonderful sea views toward St.
Michael’s Mount, the property immediately delights with an air of seclusion and refinement rarely found so close to the sea.
Internally, the accommodation is both generous and well-appointed, blending period grace with modern comfort.
The spacious living/dining room provides a superb setting for entertaining or quiet repose, while the kitchen/diner to the rear offers an inviting space for culinary pursuits and informal gatherings alike.
The property further comprises two well-proportioned bedrooms, a good-size bathroom with both bath and separate shower, and a useful utility area discreetly tucked away.
Externally, the private front garden serves as a tranquil retreat, perfect for al fresco dining or simply enjoying the coastal air.
To the rear, a communal courtyard, shared with the other residents, provides the access way to the other flats in the building, adding to the sense of community within this handsome period property.
A rare opportunity to acquire a property of such distinction - where heritage, elegance, and seaside living combine to create a home of enduring appeal.
Agents Notes: Mobile signal coverage as per ofcom: EE - Good outdoor and in-home O2 - Good outdoor, variable in-home Three - Good outdoor Vodafone - Good outdoor and in-home Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56-day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £500 inc. VAT.
These services are optional.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 Flat 3, 3, Penrose Terrace, Cornwall
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