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See how verdicts work2-bedroom terraced house · TR20 8FT
Sold STCListed 192 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to this stunning two bedroom end of terrace home offered to the market with no onward chain. This is a shared ownership property being offered to the market with a 45% share.
An early viewing is highly advised to appreciate this wonderful home.
Accommodation to the ground floor comprises a light and spacious modern kitchen diner and a lounge with double doors providing direct access to the rear garden.
Completing the ground floor is a cloakroom with WC. To the first floor you will find two bedrooms which are both generous double rooms and a modern family bathroom.
To the outside of the property you will find parking for one car with, one designated visitors space (shared with next door), an EV car charging point and a private garden to the rear.
The garden is fully enclosed with the benefit of a shed, side access and is mostly laid to lawn with a patio area. This is the perfect spot for alfresco dining during the summer months.
Agents note: This property is subject to a section 106.
Full market value: £270,000 45% Share: £121,500 Rent: £324.21pcm Service Charge: £48.42pcm "Area Local Connection" means a connection with the Primary Area or the Secondary Area as appropriate and demonstrated by that person or a member of their Household to the reasonable satisfaction of the Council: (a) being permanently resident therein for a continuous period of at least three (3) years immediately prior to the date of a Housing Application; or (b) being formerly permanently resident therein for a continuous period of at least five (5) years; or (c) having his or her place of permanent work (normally regarded as 16 hours or more a week and not including seasonal or casual employment) therein for a continuous period of at least three (3) years immediately prior to the date of a Housing Application; or (d) having a connection through a close family member (normally mother, father, brother, sister, son or daughter) where the family member is currently resident therein and has been so for a continuous period of at least five (5) years immediately prior to the date of a Housing Application and where there is independent evidence that the family member is in need of or can give support for the foreseeable future or on an ongoing basis "the Primary Area" means the parish of Ludgvan and Penzance within the County, and this definition will apply so that a Qualifying Person who has an Area Local Connection with Ludgvan will take priority over a person with an Area Local Connection in Penzance "Secondary Area" means the parishes of Madron, Marazion, St Hilary, St Erth, Penzance, St.
Ives, and Towanda within the County Mobile Signal: EE: Good outdoor and in-home o2 and Vodafone: Good outdoor Three: Variable outdoor
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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

FAQ
About Sanderling Road, Long Rock, Penzance, Cornwall, TR20
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