Land for sale
Voundervour Lane, Penzance, TR18, Truro
467.301 €
Listed Sep 10, 2026
About this listing
The Old Church House comprises four self-contained flats, offering immediate and future income potential:
Three one-bedroom flats
One spacious studio flat
The top-floor flat enjoys impressive sea views, adding strong rental and resale appeal.
The property benefits from a long-standing tenant of approximately 20 years in Flat 3, providing stable income, while the remaining three flats are currently vacant, allowing for re-letting at market rates or refurbishment to enhance returns.
Additional features include:
Recent fire risk assessment
Up-to-date electrical testing
Highly desirable location, within easy reach of the seafront, town centre amenities, and transport links.
This is a fantastic investment opportunity in a sought-after coastal location, ideal for investors looking to maximise yield or add value.
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.
Wooden front door into:
self-contained access into:
Flat 1
1/2 Glazed door into:
Bedroom
2.16m x 2.46m
Sash original wooden window with Upvc double-glazed window over, power points, TV aerial. Door to cupboard housing water cylinder. Deep storage alcove to one side.
Kitchen area
3.35m x 0.94m
Sink with drainer and mixer tap, space for microwave, power points, shelving, tiled flooring, part-tiled.
Lounge
3.05m x 3.66m
Night storage heater. Electric radiator, power points, chimney alcove. Sash original wooden window with Upvc double-glazed window over.
Bathroom
1.52m x 1.83m
W/C, wash hand basin, tiled floor, shower, with shower curtain, part-tiled, extractor fan.
Hallway
Fire door to remaining flats. Alcove with space for small freestanding fridge/freezer. Electric consumer unit. Wooden door into:
Landing
Storage area, Stairs rising to upper floor.
Laundry Room
2.64m x 1.98m
Power points, recycling area.
Communal wooden door into:
Outside to rear
Paved patio area, fence marking the boundary.
Hallway
Power points. Stairs rising. 1/2 Glazed door to:
Flat 2
Access to the communal staircase for flats 2 & 4 is via the railinged walkway which is not owned but has access rights over.
Open Plan Living/Bedroom
5.5m x 3.68m
2 Original wooden sash windows with double-glazed Upvc windows over. Dado rail, cornicing, power points. TV aerial, night storage heater, and electric heater, feature fireplace. Alcove to either sides.
Kitchen
2.74m x 1.52m
Space for under counter fridge, power points, extractor fan. USB power points. Upvc double-glazed window to rear, base units with worktops over. Sink with drainer and mixer tap.
Shower Room
1.22m x 2.74m
W/C, wash hand basin, extractor fan, heater, vinyl floor. Shower cubicle with shower. Part-tiled. Door to cupboard housing water tank.
Hallway
Electric meters for all flats, stairs rising to flats 3 & 4.
Flat 3
Wooden door into:
Hallway
Night storage heater.
Bedroom
2.77m x 4.11m
Original wooden sash window with Upvc double-glazed window over. 2 Power points, dado rail.
Bathroom
1.88m x 2.16m
W/C, wash hand basin, part-tiled. Bath with hand-held shower, double-glazed Upvc window to side rear. Door to storage cupboard housing watertank.
Open Plan Kitchen/Lounge
3.78m x 3.84m
Kitchen - fitted base and eye level units, space for under counter fridge, sink with drainer and mixer tap, Upvc double-glazed window to side with large sill. Part-tiled. Upvc double-glazed window to front. Beautiful architrave on ceiling, dado rail.
Upvc double-glazed window to front. TV aerial. Wooden flooring, power points.
Hallway
Single-glazed wooden sash window to rear. Stairs rising to:
Flat 4
Hallway, storage for coats. Smoke alarm. Night storage heater. Wooden door into:
Bathroom
3.66m x 2.74m
Wash hand basin, w/c, part-tiled. (Measured to widest point). Cupboard housing water tank and shelving. Double-glazed Upvc window to rear, heater, loft access. Bath with hand-held shower. Wooden door into:
Bedroom
3.35m x 2.74m
Upvc double-glazed window with sea view of Mounts Bay, the Lizard and across to Newlyn. Power points. Door to large wardrobe with hanging rail.
Open Plan Kitchen/Living
3.66m x 3.66m
Living - feature fireplace with mantle, and hearth.
Power points, TV aerial. Electric heater. Wooden sash window with Upvc double-glazed window to front with beautiful sea views of Mounts Bay. Space for small dining table & 2 chairs.
Kitchen - Sink with drainer with mixer tap, part-tiled, space for under counter fridge, base level units with worktops over. Vinyl flooring.
Council Tax:
The flats are all Band A.
Services:
Electric, mains water and drainage.
Location
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Listed on
Mortgage calculator
Estimated monthly payment
2.314 €/mo
Down payment10 % · 46.730 €
46.730 €420.571 € loan
Term
Total repayable694.159 €
Interest rate4.40 %
Representative estimate · Landomo is not a mortgage broker. · Rates updated April 2026