3-bedroom flat · TR18 4HH
Listing removedReduced £105 (−9.5%) on 7 SepListed 73 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Superb sea views from this spacious, two/three bedroom apartment with accommodation arranged over three floors. An internal viewing is recommended.
A spacious property arranged over three floors with accommodation comprising of an entrance hall, two double bedrooms with direct sea views.
To the first floor is an open plan lounge incorporating a kitchen area with lovely sea views across the bay with stairs leading to a mezzanine area which is used as bedroom three but could also be used as a second lounge or study.
Family bathroom with shower over bath low-level WC and wash hand basin. Good order throughout, located on the promenade.
Paying a holding deposit (up to a maximum of 1 weeks rent) for the property you are applying for stops the property from being viewed by other applicants (however the property may still remain advertised as references pending).
By paying the holding deposit it allows us to start your referencing and the admin to prepare the tenancy.
Once the referencing procedure is completed and all checks have passed, the holding deposit can either be returned to the applicant, or put towards the first months' rent or deposit.
Some or all of the holding deposit can be retained by the agent if the applicant withdraws their application or does not pass the referencing procedure by providing false or misleading information.
Initial Monies • First month's rent • Security Deposit (A maximum of 5 weeks rent) Renting to Companies (Non Assured Shorthold Tenancies) • £420.00 (including VAT) to include the following: • Referencing Fee • Tenancy Agreement • Admin Fee Change to the Tenancy • £50 (inclusive of vat) for changes to the tenancy agreement at tenants' request Tenancy Fees • Rent arrears – 3% above the bank of England base rate in interest on the late payment of rent from the date the payment is missed.
N.B As per the Open Reach website, Copper Broadband is available to order.
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
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FAQ
About Upper Tower, The Mission, Promenade, Penzance
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