3-bedroom flat · TR18 2FX
Listing removedListed 164 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A chance to acquire an extremely well presented three bedroom penthouse apartment, completed only a few years ago to a high standard with far reaching sea views across Penzance town to Mounts Bay and the Lizard, and set in a quiet residential area.
The property has been well cared for by the present vendor and is therefore offered for sale in good decorative order throughout.
A particularly attractive feature are the balconies to both sides of this penthouse, having sea views to Mounts Bay from the front and views over playing areas to the rear.
The balconies offer a good degree of privacy, and there is use of the communal garden.
Armistice Gardens is located only a short walk from the main town of Penzance, with its full array of amenities and main line rail station to London Paddington.
The communal garden is laid to lawn and the apartment has two allocated parking spaces along with visitors parking. There is also a bike shed and the apartment has access via a lift to all floors.
Due to the popularity of properties such as this and the quality, we recommend an early appointment.
Property additional info ENTRANCE HALL: Lift to all floors, staircase with chrome and glass balustrade.
ENTRANCE HALL: Video entry system, radiator and double doors to: LIVING ROOM: 17' 5" x 16' 6" (5.31m x 5.03m) Plus deep walk in bay with open views across Penzance Town to Mounts Bay and beyond, TV point, two radiators and two UPVC double glazed doors to separate balconies, exterior lighting, glass balustrade and views towards Mounts Bay.
KITCHEN/FAMILY ROOM: 19' 1" x 16' 6" (5.82m x 5.03m) Plus deep recess with views across Penzance Town to Mounts Bay, UPVC double glazed window, two double glazed doors leading to two separate balconies, again with good views, exterior lighting and glass balustrade.
KITCHEN AREA: South facing, stainless steel inset single drainer sink unit with cupboards below.
extensive range of fitted wall and base units, worksurfaces and power points, built in oven, four ring gas hob and extractor hood over, integrated fridge, freezer, dishwasher and washing machine, two radiators.
BEDROOM ONE: 16' 2" narrowing to 11' 3" x 15' 0" (4.93m narrowing to 3.43m x 4.57m) Double aspect room, UPVC double glazed windows, TV point, radiator, double glazed doors to: REAR BALCONY: Exterior lighting, glass balustrade.
ENSUITE SHOWER ROOM: White suite comprising shower cubicle with chrome fittings and glass screen, pedestal wash handbasin, low level WC, tower rail/radiator.
BEDROOM TWO: 12' 1" x 10' 7" (3.68m x 3.23m) TV point, radiator, UPVC double glazed doors to rear balcony.
BEDROOM THREE: 12' 0" x 9' 3" (3.66m x 2.82m) TV point, radiator, UPVC double glazed doors to rear balcony.
BATHROOM: White suite comprising panelled bath with chrome mixer tap and shower attachment and glass screen, wash handbasin, low level WC, shaver point, towel rail/radiator.
OUTSIDE: The property has wrap around balconies to east and west, which offer a good degree of privacy and open outlook towards Penzance Town and Mounts Bay. TWO PARKING SPACES: Plus visitors parking.
LEASE: Remainder of 999 year lease. CHARGES: Maintenance: £1,160.46 pa Ground rent: TBC SERVICES: Mains water, electricity, gas and drainage. NB: The property can not be used for holiday letting.
Pets by arrangement with the management company at a possible small extra fee.
DIRECTIONS: Via "What3Words" app; ///kipper.whistling.crusher AGENTS NOTES: We understand from Openreach website that Full Fibre Broadband is available to the property.
We tested the mobile phone signal for O2 which was good. Mobile signal/coverage: Good. Construction materials used: Brick and block. Water source: Direct mains water.
Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (gas). Broadband internet type: FTTP (fibre to the premises). Parking Availability: Yes.
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 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

FAQ
About Centenary Way, Penzance, TR18 2FX
Explore nearby