3-bedroom house · TR18 2PP
Listing removedListed 142 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
11 richmond street, penzance TR18 2PP A spacious and light 3 bedroomed, unfurnished terraced house in a no-through road in Penzance.
The property benefits from gas central heating and double glazing throughout.
The accommodation with approximate dimensions is as follows: Painted wooden front door into: Entrance hall Terrazzo tiled floor, tiled walls from mid point down, bulkhead light, double glazed inner front door with glazed unit above.
Wooden panelled door into: Sitting room (2.99m x 3.32m) Exposed wooden floors, double glazed wooden sash window, fireplace, pendant light, central heating radiator, alcove cupboards.
Dining room (3.02m x 4.4m max) Exposed wooden floors, ornamental fireplace, central heating radiator, white uPVC double glazed window, bulkhead light, room thermostat Steps down into: Kitchen Wooden flooring, fitted base and eye level units with laminate worktops, stainless steel sink, integral dishwasher, electric oven and gas hob, extractor hood, spotlights, white UPVC double glazed window, tiled splashback, wooden glazed door to: Utility hall Wood effect flooring, laminate worktop with plumbing for appliance beneath, white uPVC double glazed back door, vent for dryer, spotlights, fusebox.
Laminate frosted glazed wooden door to: Bathroom Wood effect flooring, white plastic panelled bath with shower screen above, separate taps, wall mounted shower controls with waterfall and handheld shower heads, tiled walls, heated towel rail, low level WC in vanity unit with integral washbasin, illuminated mirror, alcove shelving, extractor fan.
Stairs from dining room, carpeted with unpainted posts and handrails up to: First floor landing Carpeted, pendant light, Wooden panelled door into: Bedroom 1 ( 4.4m x 3m) Wooden floorboards, two wooden double glazed sash windows, central heating radiator, pendant light Wooden panelled door from landing into: Bedroom 2 (3.02m x 2.79m) Wooden floorboards, pendant light, white uPVC window, central heating radiator Wooden panelled door from landing into: Bedroom 3 (2.84m x 3.28m) Carpeted, pendant light, white uPVC window Outside Courtyard with concrete floor, washing line on pulley system, wooden back gate into alleyway.
Viewing by appointment only. Sorry no smokers. Tenants will be subject to affordability checks. EPC – D 66 Council tax band – B Rent = £1250 Deposit = £1440 Holding deposit = £285
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 11, Richmond Street, Penzance
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