Studio flat · TR18 5PR
To rentListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Studio flat in central Newlyn with level walk to shops and promenade. With stripped wooden floors and useful mezzanine level this flat is perfect for a single occupier.
Exposed wooden beams and shower room. EPC E. Entrance Hall Having an independent access from the main entrance, with an electric coin meter and space beneath the stairs.
Studio 6.1m x 4.47m (20' 0" x 14' 8") High aspect vaulted ceiling, with exposed roof trusses, spotlights and a mezzanine space to one end with ladder access.
Large double glazed picture window to the front aspect, with Velux window to the rear. Pair of single glazed opening windows to the front with a wooden balustrade.
Laundry cupboard with space and plumbing for a washing machine, hanging rail above with slatted shelving.
Fitted floor units and one wall cabinet with wood detailing and roll top work surface with inset stainless steel sink and drainer, with a Gainsborough electric water heater.
Stripped wood flooring and electric panel heater. Shower Room Comprising of a low level WC, hand basin and shower cubicle and an extractor fan. Important Information Council Tax: Band A.
Local Authority: Cornwall Council. Utilities: Mains water, mains electric (coin meter) and mains drainage. Electric Heating and water. EPC: E.
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 Tolcarne Place, Newlyn, Penzance, Cornwall
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