1-bedroom flat · TR18 4LS
Listing removedListed 574 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground rent (For Leasehold tenure): £700 per year.
A beautifully presented one bedroom first floor flat situated in a popular residential location on the outskirts of Penzance yet within level walking distance of the town centre, Penlee Park and the Promenade.
The accommodation comprises of open plan living room/kitchen with bay windows overlooking the front, double bedroom, bathroom and utility room.
The apartment retains many period features such as the aforementioned sash bay windows, ceiling cornices and picture rail, is beautifully presented throughout and has newly fitted carpets and a viewing is highly recommended.
Property additional info External staircase into communal front door into: Main communal hallway: Door into the: Apartment: Leads into: Hall: Storage above, coved ceiling, open doorway into: Lounge/kitchen: 17' 1" x 12' 1" (5.21m x 3.68m) Overhead storage, radiators, sash bay window to front with plantation shutters.
Kitchen fitted with base and wall units with worksurfaces and tiling over, single drainer stainless steel sink unit, electric oven, hob, space for fridge and freezer, gas boiler, picture rail, ceiling cornices.
Bedroom: 11' 2" x 9' 7" (3.40m x 2.92m) Multi pane sash to front with fitted plantation shutters, radiator, picture rail and ceiling cornices.
Bathroom: WC, wash hand basin, panelled bath with mains shower over, radiator, extractor fan, ceiling cornices.
From hallway door to: Utility area: With plumbing for washing machine and high level storage. Charges: Ground rent and service charges approxiamtely £700 pa. Lease: 999 years from 25th March 1989.
Services: Mains water, electricity, gas and drainage. Agents note: We tested the mobile phone signal for O2 which was good. The property is constructed of granite under a tiled roof.
Roof type: Others. Mobile signal/coverage: Good. Construction materials used: Others. Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic.
Heating Supply: Central heating (gas). Parking Availability: No.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 3, Oakburn Villa, Trewithen Road, Penzance
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