Summary - SIMPSONS COURT 4 VICTORIA PLACE PENZANCE TR18 4BP
2 bed 1 bath Apartment
Long lease, low outgoings — ideal first-time buy or investor close to town.
Long 999-year lease from 1999; 50% share of freehold
Central, traffic-free location within walking distance of amenities
Low annual charges: insurance cost share approx. £229.50 each
Full Fibre broadband available; double glazing throughout
No private parking — on-street only; communal drying and bin store
EPC D and electric heating may mean higher running costs
Chain-free sale; suited to first-time buyers or buy-to-let investors
Local area has high crime and high deprivation — consider suitability
This compact two-bedroom first-floor apartment in central Penzance offers straightforward, low-cost homeownership or a buy-to-let entry. The property sits in a traffic-free spot within easy walking distance of shops, services and public transport, and benefits from a very long lease with a 50% share of the freehold.
Internally the layout is traditional and well-proportioned for its 337 sq ft size: an open-plan living/kitchen area with some integrated appliances, two bedrooms with built-in storage, and a modern bathroom. Practical extras include double glazing, Full Fibre (FTTP) broadband availability and a communal drying area. Annual outgoings are modest — current insurance cost share is £229.50 each — and the sale is offered chain free.
Buyers should note material drawbacks plainly: the building has an EPC rating of D and electric heating, which may mean higher running costs than gas-heated homes. There is no private parking (on-street only) and the immediate area scores high for crime and high local deprivation — factors that will affect suitability for some buyers and the rental market. Overall, this is a budget-friendly opportunity for a first-time buyer or an investor seeking a central, low-maintenance flat with long lease security, provided these trade-offs are acceptable.
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