Guide price
£390,000
(£154/sq. ft)
8 bed property for salePenare Road, Penzance TR18
8 beds
2 baths
1 reception
2,540 sq. ft
EPC Rating: D
- Freehold
Lang Llewellyn & Co. - Sales
About this property
7 Occupied rental units inc self contained 2 bed garden flat
Ready-made investment opportunity with 10% gross yield.
All units successfully let, generating instant income
Sought-after residential location in Penzance
Walking distance to town centre, harbour, promenade, and beach
Excellent access to shops, supermarkets, schools, and healthcare
Quiet area with scenic coastal surroundings
Gas central heating
Completely re-wired & fire alarm installed in 2014
Flats roofs & windows replaced in 2014
Property Description
A great opportunity to acquire a spacious and versatile multi-room property offering stunning views from the rear. This residence is arranged over four floors and includes a self-contained garden flat, making it a great instant income investment opportunity.
Top Floor – Room 7 (Loft)
Bedsit area with radiator and kitchen space
Two double glazed windows offering panoramic harbour views
Shower with hand basin
First Floor
Room 4 – Front
Private hallway leading to a separate double bedroom with radiator and double glazed window
Shower cubicle
Open lounge/kitchen area with two double glazed windows
Sea and beach views from the side
Room 5 – Middle
Open bedsit layout with kitchen units
Two double glazed windows with harbour views
Radiator
Room 6 – Rear
Open plan bedsit with kitchen units and radiator
Double glazed bay window with water and harbour views
Shower with double glazed window and hand basin
Separate WC
Toilet, hand basin, and double glazed window
Ground Floor
Room 1 – Front
Sitting room with kitchen units, boiler, large bay window, and second window
Separate double bedroom with double glazed rear window and radiator
Shower room with hand basin
Room 3 – Rear
Open bedsit room with kitchen units
Box bay window with exceptional views of the church, harbour, and sea
Hallway Facilities
Shower room with enclosure, WC, hand basin, double glazed window, and electric heater
Understairs cupboard
Garden Flat
Private gateway access to garden area
Spacious open plan lounge, dining, and kitchen area with two double glazed windows
Utility area with units and boiler
Two double bedrooms, both with radiators and double glazed windows
Rear bedroom features two windows with harbour and church views
Bathroom with white suite including bath with shower, WC, and hand basin
This property offers a rare combination of flexible accommodation, scenic outlooks, and investment potential. Ideal for those seeking a high-yield rental opportunity.
Agent Notes:
The Tenancies are currently self managed by the owner.
Council Tax & Utilities:
The Garden flat Tenant pays Council Tax directly to the Council and also pays for their gas use directly to the supplier.
The water, electric and Council Tax for the main property and electric for the Garden Flat is paid by the current Landlord.
Each unit has a separate fuse box and electric meter. The separate electric meters could be used by the new owner to charge each unit separately and more accurately for the electric consumption.
The total annual income for the whole property is £49,196.
The owner calculates the rent proportion of this figure is £40,475 which is the figure used to arrive at the yield.
EPC Rating: D
Location
Location – Penare Road, Penzance
Situated in a sought-after residential area just moments from Penzance town centre, Penare Road offers convenient access to a wide range of local amenities, including shops, supermarkets, schools, and healthcare facilities. The property is ideally positioned for coastal living, with the harbour, promenade, and beach all within walking distance.
This quiet and well-connected location benefits from excellent transport links, including nearby bus routes and Penzance train station, offering direct services to Truro, Plymouth, and London Paddington. The area is popular with both residents and visitors, thanks to its scenic surroundings and proximity to the Cornish coastline.
Penare Road is a prime spot for investment, combining strong rental demand with picturesque views and easy access to everything Penzance has to offer.
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More information
Tenure
Freehold
Council tax band
Council tax band not yet known
Ground rent
£0
