Rose Terrace, Penzance, TR18
- PROPERTY TYPE
House
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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- 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
- Freehold investment property
- Two self-contained one-bedroom flats
- Both let to long-standing tenants wishing to remain
- Combined rental income of £990 PCM (£11,880 per annum)
- Approximate 5.4% gross rental yield
- Ground floor flat requiring refurbishment
- First floor flat presented in immaculate condition
- Private rear courtyard with side access
- Potential to increase capital value and future rental income
Description
Currently generating a combined rental income of £990 per calendar month (£11,880 per annum), the property offers an attractive gross yield of approximately 5.4% at the asking price of £220,000.
The ground floor flat comprises a spacious living area, a kitchen to the rear, and a double bedroom with an en-suite bathroom. The property would benefit from renovation, offering excellent scope to enhance both its value and future rental potential. To the rear is a private courtyard with side access to the front street.
The first floor flat mirrors the layout of the ground floor and is presented in immaculate condition throughout. It offers a bright living room, rear kitchen, and a double bedroom with an en-suite bathroom, providing well-maintained accommodation.
This is an ideal investment purchase, combining immediate income from established tenants with the opportunity to add value through refurbishment of the ground floor flat.
Walking distance to the town centre, train and bus station this property is ideally situated on the fringe of Penzance. The market town of Penzance and its working harbour lies in a sheltered corner of Mounts Bay in South West Cornwall. The town offers all amenities including: schools, doctors, churches, banks, shops, restaurants and the famous Jubilee pool and Morrab gardens. The neighbouring town of Newlyn is approx. 1 mile away. Marazion 3 miles. Sennen, Porthcurno and St. Ives all within a short drive.
Ground floor flat
Kitchen-Diner
2 Wooden windows to front, 1/2 glazed door to rear. Fitted kitchen with sink, and drainer, cupboard and drawers, boiler, radiator, space for electric cooker.
Living Room
4.47m x 3.45m
Single-glazed window to front, radiator, power point.
Bedroom
3.73m x 2.3m
Window to front.
Shower Room
1.52m x 2.44m
Window to front, shower, w/c, wash hand basin.
Courtyard
Boundary wall, gate access to the side, tap. Small area for pot plants.
First Floor Flat
Wooden door into:
Entrance Hall
0.6m x 1.83m
Stairs rising. Room for hanging. Single-glazed frosted wooden window to front. Shelving. Power points. Understairs storage housing fuse box and meters.
Landing
2 Single-glazed wooden sash slider windows to side.
Lounge
2.74m x 4.57m
2 Single-glazed wooden sash slider window to front. power points. BT box.
Kitchen
3m x 3.68m
Fitted kitchen with base and eye level units, sink with drainer, space for washing machine. Worcester boiler. Part-tiled. Space for electric cooker, power points. Space for freestanding fridge freezer, tiled floor. Space for small table/chairs. Single-glazed wooden sash slider window to rear.
Bedroom
3.68m x 2.34m
Single-glazed sash slider window to front, radiator, power points. Door to: fitted wardrobe 2'10" x 3'0" Shelving and hanging rail. Loft access.
Shower Room
1.73m x 1.52m
Radiator, w/c, wash hand basin, vanity mirror. Vinyl floor. Panelling, extractor, corner shower, frosted wooden single-glazed window to rear.
Services:
Electric, mains water and drainage.
Council Tax:
Both band A.
- 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.
- Band: A
- 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
Rose Terrace, Penzance, TR18
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Visit our security centre to find out moreDisclaimer - Property reference SME260278. 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 Stacey Mann Estates, Penzance. 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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