Summary - 3 FLAT 1 PENROSE TERRACE PENZANCE TR18 2HQ
2 bed 2 bath Apartment
Grade II listed Georgian apartment with period features and tall ceilings
Glimpses of sea and St Michael’s Mount from principal rooms
Share of freehold; 999-year lease from 1986 (c.962 years remaining)
Communal courtyard garden and separate private utility/storage building
Electric storage heaters; original granite walls likely uninsulated
Area is very deprived with above-average crime — local context risk
Small overall size (approx. 535 sq ft) — compact, efficient layout
Council tax very low; convenient walk to train, town centre, beach
Set within a Grade II listed Georgian row, this two-bedroom apartment combines period character with practical town-centre living. Principal rooms retain features such as tall ceilings, sash windows and a fireplace, and some rooms offer attractive glimpses of the sea and St Michael’s Mount. A communal courtyard garden is shared with one other flat, and a private utility building provides useful storage.
The accommodation includes a spacious lounge, kitchen/diner, a double bedroom, a single bedroom with en-suite and a main bathroom. The flat is presented in good condition but offers clear scope for modernisation to improve energy performance and realise more of its potential. The long lease (999 years from 1986, c.962 years remaining) and share of freehold are practical ownership strengths.
Practical considerations: heating is by electric storage heaters and the original granite walls are assumed uninsulated, which may affect running costs and comfort without further upgrade. The area has higher-than-average crime levels and sits within a very deprived ward, though the location is exceptionally convenient — a short walk to the beach, town centre, train station and seafront amenities, including the Jubilee Pool and ferries to the Isles of Scilly.
This property will suit buyers who prioritise character, location and long-term potential — first-time buyers or investors looking for a locked-in long lease and rental/tourism prospects. Be prepared for some investment to improve insulation and heating for modern efficiency.
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