2-bedroom flat · PL15 8GX
Sold STCReduced £3k (−2.2%) on 15 SepListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stylish 2 bedroom ground floor apartment situated in a small and select cul-de-sac on the outskirts of Launceston in a tucked away position.
The property is well presented with light and airy accommodation and may appeal to first time buyers or those looking for a property on the level and avoiding steps/stairs with a private entrance.
The property offers allocated parking and communal gardens which include a lovely area by the river, ideal for sitting out and enjoying some peace and quiet!
Features include double glazing and central heating alongside an updated shower room.
The accommodation includes a spacious living room, well appointed kitchen, bathroom and 2 double bedrooms with one being dual aspect and the second having fitted wardrobes.
The property is situated in an idyllic location on the outskirts of town with the river a short walk from the property, as is Launceston Bowls Club, two Public Houses and two supermarkets.
Entrance Hallway Living Room (4.70m x 3.25m (15'5" x 10'7")) Kitchen (2.54m x 1.83m (8'3" x 6'0")) Bedroom 1 (3.35m x 2.95m max (10'11" x 9'8" max)) Bedroom 2 (23.35m x 1.818m (76'7" x 5'11")) Bathroom (2.06m x 1.78m (6'9" x 5'10")) Services Mains Electricity, Gas, Water and Drainage.
Council Tax A Agent Note We have been informed that the property lease expires in 3005. The ground rent for the property is £45.89 per annum and the service charge payable is £1489.56 per annum.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 16, Riverside Mills, Launceston
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