2-bedroom flat · PL15 9AB
For saleListed 1 day
Opportunity summary
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About
Enjoying a fantastic view towards the castle is this first floor apartment found in great condition throughout, 2 double bedroom and a modern kitchen and shower room.
Allocated off road parking and being offered for sale with no forward chain. The apartment has its own front door leading to a staircase to the first floor landing.
The sitting/dining room has a picture window overlooking the castle and open countryside.
To one corner of the room is a useful storage cupboard and a wall mounted air conditioning unit A door way opens into the good size kitchen which has a range of modern eye and base level units with built in appliances and a breakfast bar in front of another picture window overlooking the Castle.
To the rear of the apartment are 2 double bedrooms. The master bedroom has a range of built in wardrobes offering plenty of storage.
Bedroom 2 is another double bedroom and offers space for freestanding bedroom furniture and has a wall mounted air conditioning unit.
At the end of the landing is a good size shower room with a matching white suite. The whole apartment has zoned underfloor electric central heating providing an even heat across the whole property.
Opposite the apartment is an allocated off road parking space. To the rear of the building are communal gardens.
The property is within walking distance of Launceston town centre with a good range of local and national amenities.
Entrance First Floor Landing Sitting / Dining Room (4.82m x 4.21m (15'9" x 13'9" )) Kitchen (3.00m x 2.70m (9'10" x 8'10" )) Bedroom 1 (3.26m x 3.00m (10'8" x 9'10" )) Bedroom 2 (3.60m x 3.00m (11'9" x 9'10" )) Shower Room Lease We have been informed that the property is on a 999 year lease which began in 1992 and there is a service charge of £100 per month.
Each flat owner is part of the management committee for the site and also becomes a part owner of the freehold. Services Mains Electricity, Water and Drainage. Underfloor Heating. Council Tax Band B.
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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About Bounsalls Court, Launceston
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