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See how verdicts work2-bedroom flat · TR15 2EW
For saleListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no onward chain, this two bedroom ground floor apartment offers excellent access to a wide range of amenities to include Redruth town, Redruth mainline Train Station, educational facilities and also to the A30 link road.
Internally there is a good size lounge with French doors to shared paved area suitable for drying washing or for sitting and relaxing.
The kitchen is separate and is fitted with a built in oven, hob and fridge freezer. There are two bedrooms and a fitted bathroom.
The property is warmed by gas central heating and is fully double glazed. Externally there is resident parking which is on a first come first served basis.
Leasehold Property 999 year lease which started 25/3/2007. Council Tax Band A. EPC C. Accommodation Comprises: Entrance Hall Door into entrance hall. Radiator. Smoke alarm.
Intercom phone and doors into: Communal Entrance Having an intercom system and small stairwell leading down to the entrance to the flat.
Kitchen 10'10" x 7'7" (3.3m x 2.3m) Kitchen fitted with a range of base, wall and drawer units with roll top work surfaces and tiled splash backs.
Built in gas hob and electric oven with extractor hood. Built in fridge/freezer. Plumbing for washing machine. Single drainer sink unit. Combination boiler supplying hot water and central heating.
Double glazed window to side. Radiator. Lounge 14'10" x 11'9" (4.52m x 3.58m) Double glazed French doors to outside area which is shared but useful for drying washing. Wood flooring. Radiator.
Bedroom 1 12'2" x 10'2" (3.7m x 3.1m) Double bedroom with double glazed window. Wood flooring. Radiator. Bedroom 2 7'3" x 6'11" (2.2m x 2.1m) Single bedroom with double glazed window. Wood flooring.
Radiator. Bathroom 10'2" x 4'7" (3.1m x 1.4m) Fitted with a panelled bath. Thermostatic shower attachment and tiled splash backs. Low level W.C. Pedestal wash basin. Radiator.
Double glazed frosted window. Extractor. Agents Note Leasehold property. 999 Year Lease started 25/3/2007. Maintenance/Service charge £660 per annum and Ground Rent £100 per annum.
Management Company - Treruffe Place Management company Ltd.
Value & comps
No previous sales on record.
Returns
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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.
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About Sparnon Close, Redruth
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