# 3 bedroom apartment for sale (TR19 7JX) ## Property Details | Key | Value | |-----|-------| | Address | Bank Square, St Just, Penzance, TR19, TR19 7JX | | Price | £179,950 | | Bedrooms | 3 | | Bathrooms | 1 | | Last sold | £175,000 | ## Description Conveniently positioned in the town square with direct access to all amenities, this apartment has three bedrooms: 2 singles and 1 double. One of the smaller bedrooms would make an ideal home office if only two bedrooms were required. The apartment is well kept but could benefit further from cosmetic modernisation. The lounge and kitchen are a good size making this property perfect for an individual or a small family. With its low maintenance exterior it would also lent its self to a bolthole or investment property. Lease details 999 year new lease. No ground rent or maintenance charge. 50% of the freehold owned with lower flat. St Just is the nearest town to Land’s End. It is situated on the edge of the moors and close to the beautiful north coast, about 8 miles west of Penzance. Walking distance to all amenities including, butchers, bakers, schools, artisan shops, delicatessens and cafes. Free car park available a short walk from the property. Bus stop also moments away. ## Property Photos - ![Picture No. 14](/listings/photos/95148884/1255075) - Picture No. 14 - ![Picture No. 08](/listings/photos/95148884/1255078) - Picture No. 08 - ![Picture No. 10](/listings/photos/95148884/1255080) - Picture No. 10 - ![Picture No. 03](/listings/photos/95148884/1255084) - Picture No. 03 - ![Picture No. 13](/listings/photos/95148884/1255087) - Picture No. 13 - ![Picture No. 07](/listings/photos/95148884/1255090) - Picture No. 07 - ![Picture No. 02](/listings/photos/95148884/1255095) - Picture No. 02 - ![Picture No. 06](/listings/photos/95148884/1255100) - Picture No. 06 - ![Picture No. 04](/listings/photos/95148884/1255103) - Picture No. 04 - ![Picture No. 05](/listings/photos/95148884/1255109) - Picture No. 05 - ![Picture No. 09](/listings/photos/95148884/1255112) - Picture No. 09 - ![Picture No. 11](/listings/photos/95148884/1255114) - Picture No. 11 - ![Picture No. 12](/listings/photos/95148884/1255117) - Picture No. 12 ## Floorplans - ![Floorplan](/listings/photos/95148884/1255120) - Floorplan ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | CAPE TRELEW 2 NANCHERROW TERRACE, ST JUST, PENZANCE, CORNWALL, TR19 7LA | £130,000 | 01/08/2025 | Flat | | ARICA HOUSE THE FLAT MARKET SQUARE, ST JUST, PENZANCE, CORNWALL, TR19 7HE | £120,000 | 18/10/2023 | Flat | | 1 BANK SQUARE, ST JUST, PENZANCE, CORNWALL, TR19 7HH | £85,000 | 12/01/2023 | Flat | | GEWS FARM BARNS 6, ST JUST, PENZANCE, CORNWALL, TR19 7AJ | £146,150 | 01/11/2022 | Flat | | TRELEW HOUSE, 10 FLAT 3 CAPE CORNWALL STREET, ST JUST, PENZANCE, CORNWALL, TR19 7JZ | £145,000 | 18/08/2022 | Flat | | CORNER HOUSE APARTMENT 1 MARKET SQUARE, ST JUST, PENZANCE, CORNWALL, TR19 7HG | £160,000 | 25/03/2022 | Flat | | CORNER HOUSE APARTMENT 3 MARKET SQUARE, ST JUST, PENZANCE, CORNWALL, TR19 7HG | £170,000 | 28/01/2022 | Flat | | CORNER HOUSE APARTMENT 2 MARKET SQUARE, ST JUST, PENZANCE, CORNWALL, TR19 7HG | £160,000 | 21/12/2021 | Flat | | CAPE TRELEW 8 NANCHERROW TERRACE, ST JUST, PENZANCE, CORNWALL, TR19 7LA | £120,000 | 17/12/2021 | Flat | | CAPE TRELEW 5 NANCHERROW TERRACE, ST JUST, PENZANCE, CORNWALL, TR19 7LA | £115,000 | 12/11/2021 | Flat | | TRELEW HOUSE, 10 FLAT 6 CAPE CORNWALL STREET, ST JUST, PENZANCE, CORNWALL, TR19 7JZ | £165,000 | 21/10/2021 | Flat | | OLD SEABIRD HOUSE THE APARTMENT WEST PLACE, ST JUST, PENZANCE, CORNWALL, TR19 7JB | £173,000 | 13/10/2021 | Flat | | CORNER HOUSE APARTMENT 4 BANK SQUARE, ST JUST, PENZANCE, CORNWALL, TR19 7HH | £220,559 | 03/09/2021 | Flat | **Area average:** £146,901 (13 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £148,333 (3 Flat, TR19, 2024–2026) - **Deviation:** +21.3% ## Rental Range *ONS Price Index of Private Rents (Cornwall). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £903/mo - **Realistic:** £1,003/mo - **Optimistic:** £1,103/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 3 Bed Terraced House, Lafrowda Terrace, TR19 | £1,000/mo | 3 | 0.17 miles | OpenRent | **Average rent: £1,000/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.56% (weak for cashflow) - **Max investor price (0.8%):** £125,000 - **Target investor price (1%):** £100,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,000/mo).* - **Gross yield:** 6.7% - **Cost-to-rent:** 15× - **Monthly cashflow:** £166/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 3.8% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -62% - **10y growth:** -32.9% ## House Price Index (HM Land Registry) *Official index for Cornwall; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -2.3% - **5y growth (index):** -2% - **10y growth (index):** 18.8% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)