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See how verdicts work3-bedroom bungalow · TR18 3JD
Listing removedReduced £40k (−11%) on 20 JunListed 238 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tucked away in a quiet corner of Heamoor, this three-bedroom detached bungalow occupies a wonderfully generous plot and offers an exciting opportunity for those looking to put their own stamp on a property.
Set back from the road, the home benefits from an unoverlooked front garden and a large driveway providing ample off-road parking, leading to a substantial garage.
The front garden creates an inviting approach, while the enclosed rear garden offers both privacy and potential in equal measure.
Inside, the accommodation is well-proportioned and full of possibility. A spacious living room provides the perfect hub of the home, with plenty of room for comfortable seating and entertaining.
Just off this is a small dining room and compact kitchen, ready for reimagining to suit modern living.
A conservatory to the rear overlooks the garden and offers a pleasant additional seating area or garden room.
There are two good-sized double bedrooms and a further smaller bedroom, ideal as a guest room, nursery or home office. The property also features a shower room and a separate WC for extra convenience.
To the rear, the former garage still stands and would make an excellent workshop, hobby space or "man cave" - the kind of spot where half-finished projects and big ideas feel right at home.
A hard-standing patio area provides space for outdoor dining, while the lawn offers room for gardening, play or simply enjoying the Cornish sunshine.
Requiring modernisation, this is a fantastic opportunity to create a superb home in a sought-after residential location - generous plot, solid bones, and plenty of scope to add value.
Agents notes: Mobile signal coverage as per ofcom: EE - Good outdoor and in-home; O2 - Good outdoor and in-home; Three - Good outdoor; Vodafone - Good outdoor.
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
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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
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FAQ
About 5, Church Road, Penzance
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