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See how verdicts work2-bedroom flat · TR20 8YN
Listing removedListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Service charge (For Leasehold tenure): £1050 per year. Ground rent (For Leasehold tenure): £2477.24 per year.
A nicely presented two bedroom first floor apartment, situated within the former Kenegie Manor, on the outskirts of Gulval.
The accommodation comprises of two bedrooms and bathroom with open plan lounge/dining room/kitchen.
This Grade II Listed property retains many period features throughout, incorporating multi pane double glazed mullioned windows and communal gardens to both the front and rear.
The property has residents parking and is located within the Kenegie Manor site and the owners of the apartment get the use of all on site facilities. A viewing is highly recommended.
Property additional info External steps leads to double wooden door into: Communal hallway: Built in cupboard, door to: Apartment 17: hallway: Night storage heater, coved ceiling, doors to: Open plan lounge/kitchen/dining area: 23' 4" x 13' 6" (7.11m x 4.11m) Two multi pane double glazed mullioned windows to front and side, two night storage heaters, wood panelling, high vaulted ceiling.
Kitchen is fitted with base and wall units with worksurfaces and tiling over, single drainer stainless steel sink unit, plumbing for washing machine, electric hob, cooker, extraction fan, integral fridge/freezer, tiled floor, cupboard housing hot water tank.
Bedroom one: 14' 11" x 14' 0" (4.55m x 4.27m) Double glazed multi paned mullioned window to front, night storage heater, vaulted ceiling.
Bedroom two: 8' 9" x 8' 8" (2.67m x 2.64m) Double glazed multi paned mullioned window to side, night storage heater, high vaulted ceiling.
Bathroom: Fully tiled walls and floor, pedestal wash hand basin WC, bath with mains shower over, extractor fan, heated towel rail, wall mounted electric heater.
Outside: The manor is surrounded by landscaped communal gardens with areas laid to lawn, established flower borders and central circular gravelled seating area to the rear.
The owners of the apartment also have use of on site facilities of the Kenegie Manor Holiday site and there is ample residents parking. Charges: Service charge: £1050.00 pa. Ground Rent: £2,477.24 pa.
Insurance: £1090.21 pa. Lease: 999 from 1st June 2006.
Directions: Via "What3Words" app: ///comb.detriment.conspired agents note: We understand from Openreach website that Fibre to the Cabinet Broadband (fttc) is available to the property.
We tested the mobile phone signal for O2 which was good. The property is built of granite under a slate roof. Roof type: Slate tiles. 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 (electric).
Broadband internet type: Fttc (fibre to the cabinet). Parking Availability: Yes.
Value & comps
No previous sales on record.
Returns
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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 Apartment 17, Kenegie Manor, Gulval, Penzance
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