2-bedroom flat · TR15 1RT
For saleListed 36 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This lovely two bedroom first floor apartment forms part of a sympathetic chapel conversion with arched windows, engineered oak flooring and high ceilings.
The property would suit a purchaser looking for a peaceful location with off road parking and good access to the A30. Mount Ambrose is also close by with a local shop and Post Office.
Internally there is an open plan living space with a fitted kitchen which would benefit from updating. There are two bedrooms and a bathroom.
Heating is provided by electric heaters with a pressurised hot water cylinder in the loft. The windows are wood double glazed, some needing attention.
Externally there is off road parking and a gravelled area which could create a space to sit out and an area for potted plants if required. Leasehold property with a 999 year lease.
Ground rent is £150 per annum. Management fees £900.00 per annum Inc. Buildings insurance. Council tax band A. EPC E.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 Flat 3,, Heathfield Chapel,, Redruth Highway
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