3-bedroom house · TR19 7LD
Sold STCReduced £10k (−5%) on 15 SepListed 191 days
Opportunity summary
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About
Description On St Just's pretty Princess Street, is this three bedroom, mid-terraced cottage with many appealing features and a shared garden space with two sheds to the rear.
Having been re-wired approximately 5 years ago, this cottage is something of a blank canvas and offers a fantastic opportunity for first time buyers or investors looking for a rental property.
On the ground floor is a living room with a large granite fireplace that could be reinstated as a working feature.
The room opens through to a kitchen that then has direct access out to the shared garden at the rear.
On the first floor are three bedrooms, the largest is a double bedroom with the other two being good size single rooms. There is a downstairs shower room with space and plumbing for a washing machine.
To the front of the property is space to park a car; available on a first come, first served basis.
At the rear of the property is a shared garden space where each owner has looked after their own parts, and each has their own storage sheds.
This property owns 2 sheds at the rear, one being great size for storage of bikes and boards, etc.
The property is fully double glazed and benefits from electric heating with a positive ventilation system to increase air circulation in the property.
Location St Just is a very popular town with a thriving community and a varied mix of busy shops and businesses.
Properties here are predominantly granite cottages harking back to the tin mining era and St Just"s prosperous heritage.
Boasting two fantastic butchers, four pubs, traditional grocers, and two convenience stores, St Just has all the essentials covered, as well as offering well-respected art galleries, popular eateries, and some stunning coastal walks nearby.
There is both a primary and secondary school in St Just, both rated as Good by Ofsted most recently. Penzance is approximately 8 miles away.
Living room Sitting room with built-in bookcase and large granite inglenook fireplace (chimney has been blocked internally but could be reinstated).
UPVC double glazed window to front with window seat. Tiled floor. Two night storage heaters. Kitchen Range of base units with laminate worksurfaces and stainless steel sink and drainer.
Built-in oven and hob. Tiled splashback. UPVC double glazed window. UPVC double glazed door to rear garden area.
Bathroom Suite comprises of shower enclosure with mixer shower, wash absin and WC with part-tiled walls and aquapanel boarding. Space and plumbing for washing machine.
UPVC double glazed window to rear. Tiled floor. Landing uPVC double glazed window to rear. Carpet. Bedroom Double bedroom with small, built-in original cupboard.
UPVC double glazed window to front with window seat. Carpet. Bedroom Large single/small double bedroom with built-in airing cupboard housing hot water tank. UPVC double glazed window to rear. Carpet.
Bedroom Single bedroom with uPVC double glazed window to front with window seat. Carpet.
Garden Shared garden to rear is mainly laid to lawn with variety of outbuildings and storage shed belonging to this property. Gate gives access to rear access lane.
Agents notes Property Type & Construction: Granite or whinstone, as built, no insulation | Electric: Mains | Water: Mains | Drainage: Mains | Heating: Electric night storage heaters | Broadband: Adsl & fttc | Mobile Coverage: Networks available are O2 and Vodafone, likely available but limited are EE, and Three | Parking: Nearby on street parking | Restrictions/Covenants: None | Rights of Way/Easements: Shared garden at rear | Flood Risk: No | Coastal Erosion Risk: No | Planning Permission: No | Accessibility/Adaptations: No | Coalfield/Mining Area: Historic tin mining area | aonb/Conservation Area/Listed: Aonb & Conservation area | Local Authority: Cornwall County Council | Property orientation from front: West | Viewings - By appointment via Andrew Exelby Estate Agents rental potential: To discuss the long-term, residential rental potential of this property, or any other, please contact Whitlocks in Penzance who will be able to guide you through the process.
Their telephone number is . Disclaimer: These sales particulars should act as a general guide. We have not carried out a detailed survey, nor tested services, appliances, and/or specific fittings.
Some data above is dependant upon third party suppliers and responses were correct at the time of listing.
Measurements and floorplans are a guide and should not be relied upon for carpets, furnishings, etc.
If there are any important matters, which are likely to affect your decision to buy, please contact us before viewing this property.
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.
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FAQ
About 3, Princess Street, Penzance
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