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18 Bowjey Court, Newlyn, Penzance, Cornwall
Marketed by:
Auction House South West
2 Cattedown Rd, Plymouth PL4 0EG, UK
01752 474200
Vacant One-Bedroom Studio Flat in Newlyn
18 Bowjey Court, Newlyn, Penzance, Cornwall
Unsold
£50,000+
• 1 Bedrooms
• Flat / Studio Flat
• Leasehold
• Vacant
• Current Rating D67
Description
A studio flat in Newlyn. The vacant property requires renovation throughout and briefly comprises an open plan living room/kitchen/bedroom and a bathroom. PVCu D/G, GCH.
Accommodation
Open plan living room/kitchen/bedroom and bathroom. Living Area: 2.5m x 4.3m. Kitchen: 2.88m x 2.30m. Bathroom: 1.55m x 2.3m.
Location
Newlyn, Penzance, Cornwall.
Tenure / Property Information
Tenure |
Leasehold |
Lease |
There will be a new 999 year lease on completion. |
Occupancy |
Vacant |
EPC |
Current Rating D67 |
Heating |
GCH (gas central heating) |
Investment Analysis
No completed sales or sufficiently specific rental comparables are supplied. The £50,000–£60,000 guide is not a formal valuation. Market value, GDV and maximum bid cannot be supported from the evidence.
Investment Snapshot
Guide Price |
£50,000 - £60,000 (plus fees) |
Strategy Recommendation
Do not set a bid based on the current evidence. Obtain the legal pack, a refurbishment assessment, local valuation evidence and rental evidence before bidding.
Works Required
Renovation throughout, including the open-plan living/kitchen/bedroom area and bathroom. The evidence does not specify the required scope or costs.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Potential BRRR Position
BRRR viability cannot be established without supported GDV, refurbishment costs, rent and refinance assumptions. The new 999-year lease is stated to be granted on completion, subject to the legal pack and special conditions.
Buy-to-Let Analysis
BTL viability cannot be established because no sufficiently specific rental evidence or refurbishment cost is supplied. The property is vacant and requires renovation throughout.
Flip Analysis
A flip surplus cannot be calculated because there are no completed sales, supported GDV, refurbishment costs or selling-cost allowance.
Investor Risks & Due Diligence
• Renovation is required throughout, with no quantified scope or cost.
• No sufficiently specific rental evidence is available.
• No completed sales comparables are supplied.
• Buyer premium is unspecified and additional disbursements or other special-condition costs may apply.
• The property is leasehold and the new 999-year lease and associated legal terms require review.
• The property is vacant.
Recommendation
Do not set a bid based on the current evidence. Obtain the legal pack, a refurbishment assessment, local valuation evidence and rental evidence before bidding.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low |
Property description and guide range are supplied, but there are no completed sales, rental comparables, refurbishment costs, GDV evidence or full purchase-cost details.
Auction Details :
Auction House South West
Auction Date :
21/10/26
Lot Number :
021
Property Location:
18 Bowjey Court, Newlyn, Penzance, Cornwall
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