1-bedroom flat · TR15 2RZ
For saleReduced £5k (−4.5%) on 20 JunListed 194 days
Opportunity summary
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About
Situated within a Grade II listed building in the centre of the town, this second floor apartment is being offered for sale with no onward chain.
Benefiting from the remainder of a 999 year lease created in October 2006, this second floor apartment is Ideal as for a first time buyer or as an investment opportunity.
One will find an open plan kitchen/living space with an outlook to the rear and a double size bedroom with an en-suite shower room. Heating is provided by independent electric heaters.
There is the potential to rent a parking space to the rear, from the management company, with an annual charge of £52.00 subject to availability.
Viewing our interactive virtual tour is recommended prior to arranging a closer inspection.
Redruth town offers a comprehensive range of both local and national shopping outlets, there are Public Houses and a mainline Railway Station which connects with London Paddington and the north of England.
Within five miles one will find the north coast village of Portreath which is noted for its sandy beach and active harbour, Truro the administrative and shopping centre for Cornwall is within ten miles and Falmouth which is on the south coast and is Cornwall's university town will be found within eleven miles.
The A30 trunk road passes to the north of the town. Accommodation Comprises Accessed from a central staircase, a solid door with fanlight over opens to:- Hallway Coved ceiling.
Doors off to:- Kitchen/Living Room (18' 3'' x 13' 5'' (5.56m x 4.09m)) Small pane glazed window to the rear.
The kitchen area is fitted with a range of eye level and base units having adjoining roll top edge working surfaces and incorporates an inset stainless steel single drainer sink unit with mixer tap.
Ceramic tiled splash backs, space and plumbing for an automatic washing machine and fridge. Built-in 'Zanussi' oven with 'Samsung' electric hob over incorporating an extractor hood.
Recessed former wall safe. Bedroom (14' 2'' x 10' 8'' (4.31m x 3.25m) maximum measurements) Small pane double glazed window to the side.
Door to:- Shower Room Incorporating a low level WC, pedestal wash hand basin and tiled shower enclosure with an 'Aqualisa' electric shower. Electric towel radiator.
Outside To the rear of the property there is a courtyard with the potential for renting a parking space, from the management company, with an annual charge of £52.00, subject to availability.
Services The property benefits from mains water, mains drainage and mains electric. Agent's Notes This leasehold property has the remainder of a 999 year lease created in 2006.
The annual ground rent is £50.00 and the annual service charge which covers property insurance, cleaning and lighting of common areas and external maintenance is currently £1095.35 per annum and subject to a 5% management fee of £54.76 per annum.
The Council Tax band for the property is band 'A'.
Directions From Redruth Railway Station proceed down the hill bearing right at the first set of traffic lights, at the next set of traffic lights turn right and turn left into West End where the property will be found on the left hand side opposite the former West End Drapery Stores.
This is a town centre location and there are ample car parks nearby as parking at the property for viewings is not possible. If using What3words:- eased.observer.bossy
Value & comps
No previous sales on record.
Returns
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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 Apartment 4, 3, West End, Redruth
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