2-bedroom flat · PL31 1BU
Listing removedListed 78 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious 2 Bedroom First Floor Flat With Gas Central Heating Set within walking distance of Bodmin town centre, the property has two double bedrooms, a large open-plan living area and gas central heating.
Tucked away at the rear of the building, the flat is accessed by an external wrought-iron staircase leading to a balcony entrance area.
There is no allocated parking, although on-street parking is available to the front of the building. The flat door opens directly into a spacious open-plan lounge, kitchen and dining area.
The kitchen has space for appliances. There are two double bedrooms and a bathroom with a shower over the bath. The property has gas central heating and double-glazed windows throughout.
Bodmin has a range of shops, supermarkets, schools and local amenities, with access to surrounding areas of Cornwall via the A30. Energy Rating C (78). Council Tax Band A. Holding Deposit £184.
Total Deposit £923. Affordability guide: Based on a monthly rent of £800, you will need a combined household gross income of £24,000 per annum (£2,000 per month) to pass our referencing checks.
If a guarantor is required, they will need a gross income of £28,800 per annum.
These figures are based on standard criteria set by our referencing provider and apply equally regardless of income source. Please contact us if you require any clarification.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 First Floor Flat, 1, Plas Newydd Avenue, Bodmin
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