Northwood says ..

Property Oracle says ..

This property is a Grade II listed Edwardian building in Penzance, Cornwall, converted into six self-contained apartments. Its prime location on Regent Terrace offers proximity to the Penzance Promenade, train station, and several well-regarded schools. The property benefits from a small front garden. The apartments appear generally well-maintained, although the interior photographs show variations in the standard of finishes and furnishings, potentially reflecting different renovation dates or levels of investment. The listing highlights its potential as an investment opportunity with a claimed 7% gross yield, a figure that would require further verification. While the listed price of £785,000 needs careful evaluation against comparable local properties, the strong location and potential rental income suggest a reasonable price point, though more detailed information on individual apartment sizes is needed for a precise assessment. Lack of specific square footage data for each apartment and overall plot size reduces the scope of a detailed analysis. The overall condition appears good but not perfect, with several rooms appearing newly renovated. The rear of the building and associated outbuilding show evidence of age and wear.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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