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 work3-bedroom flat · TR18 2AR
Listing removedListed 174 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stunning period apartment offering the perfect blend of character and contemporary living, finished to an exceptional standard.
Penare Court provides masses of internal living space, alongside the rare benefit of two private outdoor areas.
Upon arrival, the property is accessed via a sunny west-facing decked terrace, an ideal space for relaxing or entertaining.
In addition, the home enjoys a charming walled period garden with a private entrance and useful storage, with access to the apartment via an attractive wooden staircase.
The quality of the finish in this home is outstanding and difficult to overstate, combining tasteful design with careful attention to detail.
The generous proportions offer the square footage more commonly associated with period houses in the area, making this apartment a truly unique offering.
This home is a polished gem, perfectly balancing period charm with modern comfort.
Situated in a quiet residential area, this stunning apartment is ideally positioned to enjoy all that the town has to offer.
Penzance town centre is just a five to ten minute walk away, while the train and bus station are less than half a mile from the property, making travel and commuting convenient.
Excellent local amenities are close at hand.
Humphry Davy School is located less than 500 yards away, and Truro and Penwith College, Penzance Leisure Centre, St Clare Medical Centre and West Cornwall Hospital are all within a ten-minute walk.
The apartment enjoys a superb position that offers peace and quiet away from the bustle of the town centre, yet remains close enough for everyday convenience.
The main shopping streets, including Causewayhead and Market Jew Street, are within easy walking distance. Beautiful green spaces such as Penlee Park and Morrab Gardens are also nearby.
These include the much-loved Penlee House Gallery & Museum and the unique Penlee Park Open Air Theatre.
Chapel Street offers a wonderfully quirky atmosphere and is home to landmarks such as the historic Egyptian House and the famous Admiral Benbow pub.
To the south of town lies the spectacular promenade overlooking Mount's Bay, offering flat coastal walks towards Marazion.
Here you can also enjoy a swim at the iconic Jubilee Pool, an art-deco open-air bathing pool, as well as sampling the many excellent cafés and restaurants the town has to offer.
ACCOMMODATION COMPRISES Approached across a decked terrace, part glazed entrance door with part glazed side screen opening to:- ENTRANCE HALLWAY The entrance opens into:- kitchen/utility space with a large panoramic window and double, wood glazed door leading to the eat-in kitchen and dining area.
KITCHEN/UTILITY SPACE 9' 10'' x 9' 3'' (2.99m x 2.82m) Large panoramic window, Irish sink and double, wood glazed doors leading to:- KITCHEN/DINING AREA 16' 1'' x 14' 10'' (4.90m x 4.52m) A light and bright stunning fully fitted kitchen with breakfast bar/island and a feature fireplace and radiator.
Opening to:- RECEPTION/SITTING ROOM 17' 9'' x 11' 0'' (5.41m x 3.35m) Large sash window, radiator, TV , internet and electrical points.
From here doors lead off to the family bathroom and all three double bedrooms.
BEDROOM ONE 10' 0'' x 9' 1'' (3.05m x 2.77m) Overlooking the balcony and main entrance via a pretty sash window with a radiator and west facing aspect.
BEDROOM TWO 10' 1'' x 7' 7'' (3.07m x 2.31m) Overlooking the entrance courtyard with a northly aspect from the large period sash window, radiator.
BATHROOM A family bathroom fully tiled with bath and shower over bath and shower screen, wash hand basin and WC. Sash window, heated towel rail and fitted vanity mirror.
PRINCIPAL BEDROOM THREE 15' 8'' x 10' 6'' (4.77m x 3.20m) Sash window with an easterly aspect and sea view.
Door opening to:- EN-SUITE SHOWER ROM Shower, shower screen, vanity wash hand basin unit and WC. OUTSIDE FRONT To the front is a walled patio garden with a storage shed and raised beds.
Wooden stairs lead up to the decked terrace where the apartments main entrance is found. SERVICES Mains water, mains drainage, mains electric and mains gas.
LEASEHOLD INFORMATION A new lease of 999 years is being created to be ready upon the sale.
There will be a peppercorn rent and the service charge, which will include buildings insurance, is to be confirmed.
The lease will include a share of the freehold with the one other apartment in the building. AGENT'S NOTE The Council Tax band for the property is band 'A'.
DIRECTIONS From Marazion/ Eastern Green on the A30, proceed west towards Penzance along the coast road, keeping the seafront on your left-hand side.
Continue through the Eastern Green area, passing the retail and commercial premises and following the road towards the town centre.
Remain on the main road as it leads you towards Penzance, continuing along the seafront road and passing the leisure and coastal areas before reaching the main approach into the town.
Follow the road as it bends slightly inland and continue in the direction of the town centre. Shortly before reaching the central shopping area, turn right into Penare Road.
Proceed uphill along Penare Road for a short distance, passing residential properties on either side. After a short climb, Penare Court will be found on the left-hand side of the road.
Enter the development where the property is located within the building. Visitors may find it easiest to park nearby on Penare Road before walking the short distance into the...
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 Penare Gardens, Penzance - Stunning apartment
Explore nearby