2-bedroom terraced house · TR18 5HQ
Listing removedReduced £19.9k (−8%) on 10 JulListed 434 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two storey converted netloft, situated in the conservation area of Newlyn, close to the local amenities such as shops, cafes and the harbour.
The accommodation comprises of a large workshop on the ground floor. There are two double bedrooms, open plan living room/kitchen on the first floor.
The property offers spacious accommodation throughout and is offered for sale with no onward chain and we recommend an early viewing to fully appreciate the uniqueness and the deceptively spacious accommodation.
Property additional info Wooden bifold doors into: Garage/tool store: 25' 3" x 15' 11" (7.70m x 4.85m) Range of kitchen units to one wall with single bowl sink, plumbing for washing machine, window to rear, further double doors into: Workshop/store: 17' 8" x 14' 10" (5.38m x 4.52m) Window to rear, electric boiler supplying central heating and hot water, stairs rising: Hallway: Radiator, skylight, doors to: Lounge: 19' 10" x 13' 8" (6.05m x 4.17m) Two sash windows to front, radiator, TV point.
Lounge opens into: Kitchen: Base and wall units, worksurfaces and tiling over, single drainer stainless steel sink, skylight, electric oven, hob, extraction unit.
Bathroom: Fully tiled walls, bath with mains shower, WC, pedestal wash hand basin, extractor fan, heated towel rail.
Bedroom one: 14' 4" x 12' 1" (4.37m x 3.68m) Radiator, sash window to rear with sea glimpses and views over Newlyn village, skylight. Bedroom two: 12' 1" x 8' 10" (3.68m x 2.69m) Radiator, skylight.
Services: Mains water, electricity and drainage. Agents note: We understand from Openreach website that Full Fibre Broadband (FTTP) is available to the property.
We tested the mobile phone signal for O2 which was good. The property is constructed of granite under a slate roof. Roof type: Slate tiles. Mobile signal/coverage: Good.
Construction materials used: Others. 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).
Value & comps
No previous sales on record.
Returns
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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 The Netloft, Chywoone Hill, Penzance
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