Penare Road, Penzance, TR18
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
8
- BATHROOMS
2
- SIZE
2,540 sq ft
236 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 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
Description
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
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Penare Road, Penzance, TR18
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About Lang Llewellyn & Co, Falmouth
1st Floor, Pendennis Court Falmouth Business Park Bickland Water Road Falmouth TR11 4SZYour mortgage
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Visit our security centre to find out moreDisclaimer - Property reference 6d758cbb-4003-409c-aa19-bcb3819338b1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lang Llewellyn & Co, Falmouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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