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See how verdicts work2-bedroom flat · TR11 5SN
For saleListed 13 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This first-floor apartment provides a practical and well-presented home in the popular creekside village of Mylor Bridge.
Offering two bedrooms, an open-plan kitchen and living area, and a family bathroom, it will suit first-time buyers, downsizers or those seeking a straightforward investment or letting opportunity.
Access is via external steps to a small balcony and front door that opens into the kitchen. The apartment benefits from UPVC double glazing and electric heating throughout.
Mylor Bridge sits at the head of a quiet creek and retains a genuine village character while remaining convenient for everyday needs.
Local shops and services include a convenience store, butcher and fishmonger, together with a post office, hairdresser and the Lemon Arms.
A doctors’ surgery, dentist and coffee house add further practicality, and the village has well-regarded infant and junior schools. Both Falmouth and Truro are within easy reach by bus.
The surrounding area forms part of the Cornwall Area of Outstanding Natural Beauty.
The Pandora Inn is a short walk away, and Mylor Yacht Harbour is close by for those interested in sailing and watersports, giving the village a quieter residential feel than some of the busier coastal locations nearby.
Entrance External steps lead to a small balcony and a composite double-glazed front door that opens into the kitchen.
Kitchen Fitted with grey shaker-style wall and base units, dark speckled worktops and a mosaic-style tiled splashback.
Includes a stainless-steel sink with mixer tap, four-ring hob with extractor, built-in oven, and space with plumbing for a washing machine.
There is room for a fridge-freezer and an airing cupboard housing a modern hot-water tank. A UPVC double-glazed window looks to the rear, with laminate flooring.
Living/Dining Area A bright open-plan room with light wood laminate flooring and neutral painted walls. A UPVC double-glazed window overlooks Passage Hill.
The room has a night-storage heater, loft access and doors leading to both bedrooms and the bathroom. Bedroom One A double bedroom with carpeted flooring and painted walls.
A UPVC double-glazed window looks out over Passage Hill, and there is a wall-mounted heater. Bedroom Two A second bedroom with carpeted flooring and painted walls.
A UPVC double-glazed window looks to the rear, with a wall-mounted heater.
Bathroom Fitted with a three-piece suite comprising a panelled bath with glass screen and Mira electric shower, a low-level WC and a pedestal hand basin.
The walls are part-tiled with mosaic-style tiles and the floor is tiled. There is a frosted UPVC double-glazed window, an extractor fan and a wall-mounted heater.
Tenure The apartment is held on a 999-year lease from 1995 (approximately 968 years remaining). The vendor is a co-owner of the freehold on a 50/50 basis with the downstairs flat.
External works and repairs are divided equally, and no service or maintenance charges are payable. Council Tax Band A.
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.
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FAQ
About 31a,, Passage Hill, Cornwall
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