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See how verdicts work2-bedroom flat · PL27 6QQ
Sold STCListed 235 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Superb 2 bedroom one en suite apartment available for affordable sale to specific local purchasers. Leasehold. Council Tax C. EPC rating B.
A fantastic opportunity for local purchasers from Wadebridge, Egloshayle and St Breock parishes to purchase an amazing first floor apartment at a percentage of its agreed full open market value.
This is an affordable dwelling with the criteria mentioned in our Agents Note at the end of these particulars but please ask the vendor's agents for full information with this regard.
The apartment is beautifully appointed and well maintained with gas fired underfloor heating, combination of carpet, engineered oak and tiled flooring, beautiful en suite to main bedroom with fitted wardrobe and balcony off the sitting room.
There is a high quality fitted kitchen with built-in Bosch appliances, designated parking space plus secure storage ideal for bikes etc.
The accommodation comprises with all measurements being approximate: Entrance via external staircase, internal staircase from carpark or lift to First Floor Landing With individual door to apartment 45 to Entrance Hall A spacious entrance hall with engineered oak flooring.
Cloaks hanging. Large walk in airing cupboard with hot water tank, pressurised hot water system, electric circuit breakers and slatted shelving. Inset LED spotlights.
Bathroom Panelled bath with Mira thermostatic shower above. Wash hand basin with drawers below. Concealed cistern w.c. Extractor fan. Inset LED spotlights.
Bedroom 1 – 2.84 m x 4.48 m plus door recess Built in double wardrobe with hanging and shelving. Built in cupboard housing gas fired central heating/hot water boiler with built in shelving over.
Window to side. En-Suite Shower Room Fully tiled. Large shower enclosure with Mira thermostatic shower and curved glazed screen. Concealed cistern w.c. Wash hand basin with drawers below.
Shaver socket. Heated towel rail. Extractor fan. Inset LED spotlights. Bedroom 2 – 3.3 m x 2.85 m With window to front.
Double doors from hall to Kitchen/Living Room – 7.2 m x 4.0 m Kitchen area with tiled flooring.
High quality fitted kitchen with Franke one and a half bowl stainless steel single drainer sink with mixer tap over. Good range of fitted worktops with tiled surround.
Built in base and wall units with drawers.
Built in Bosch appliances comprising 5 ring gas hob with stainless steel glazed extractor hood over, Bosch built in microwave, double oven, integral fridge/freezer, washer/dryer and dishwasher, wine rack and extractor fan.
Inset LED spotlights. Living/dining area with engineered oak flooring. Entry phone receiver. Double glazed aluminium sliding doors to Balcony – 1.36 m x 4.66 m With south easterly aspect.
Outside Balcony as mentioned plus allocated parking space. Communal bin storage area and store which is in the parking area as can be seen on the attached photographs.
Agents Note 1 Eligibility We would be looking to prioritise someone with an Area Local Connection to Wadebridge, Egloshayle or St. Breock.
Current residency/permanent employment of 16 + hours per week for 3 + years OR Former residency of 5 + years OR Close family member (Mother/Father/Sister/Brother/Son/Daughter) where that family member has lived in the parish for 5 + years and is in need of or can give support After 28 days of marketing we can consider those with a Local Connection to Cornwall (i.e.
all other parishes/towns outside of the primary and secondary areas) – please ask us for details. In addition the applicant will need to: Be in Housing Need – i.e.
living with family/renting and otherwise unable to afford a home on the open market Have a maximum household income of £80,000 Have a minimum 10% deposit (or 5% with relevant AIP) Have a recent AIP from a s.106 lender (Nationwide/Halifax/Leeds/Santander/TSB/Skipton being the main ones we are aware of) Have viewed and offered on the property Agents Note 2 In terms of the lease we understand that the property has a 999 year lease from 2013 so approximately 986 years left and that each property has a share of the freehold.
The Management Company is Bradfords Quay Management Company Ltd and the current service charge is £1775.88 pa with the annual buildings insurance premium being £758.72 pa.
Services Mains electricity, water, drainage and gas are connected to the property. Central heating is gas fired to underfloor with individual room thermostats.
Please contact our Wadebridge Office for further details.
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.
Area
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FAQ
About Bradfords Quay, Wadebridge PL27
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