2-bedroom flat · PL26 7FB
For saleListed 189 days
Opportunity summary
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About
Miller Countrywide are pleased to market this well presented, two double-bedroom, ground floor, modern apartment situated within a popular village location, offering allocated parking for two vehicles, garden and being offered to market with no onward chain.
The apartment is subject to a section 106 discount for local occupancy, the property is 100% ownership, not shared ownership. The marketing price represents 70% of the full market value of £180,000.
Built in 2017, the internal accommodation comprises of a large, open-plan lounge/kitchen/diner with garden access, hallway with built-in storage cupboard, along with a built-in airing/heating cupboard, shower room, one large double-bedroom with fitted double wardrobes, single bedroom with built-in storage cupboard.
Both bedrooms have the additional benefit of access to the rear garden.
Externally, the property has allocated parking for two vehicles to the front and an enclosed, private, low maintenance patio garden with a timber shed and variety of bushes and shrubs.
The property is complimented with under-floor heating, uPVC double glazing and on mains water, electricity and drainage. Council Tax Band - B. EPC - B.
Our vendor has advised us of the following information - ground rent is £50 per annum. Service charge is £296.70. 999-year lease from 2017.
This village of St Stephen is conveniently situated for access to both North and South coasts with St Austell being approximately seven miles away and Newquay approximately eleven miles.
The village enjoys good facilities including primary and secondary schools, a church, Co-Op store, village pub, doctor's surgery and several take away food outlets.
Lounge/Kitchen/Diner 7.47m x 4.88m Bedroom 1 4.96m x 3.58m Bedroom 2 4.96m x 2.27m Shower Room 2.38m x 2.37m
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
Agent & docs
FAQ
About Lower Meadows, St. Stephen, St. Austell, Cornwall, PL26
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