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See how verdicts work2-bedroom flat · TR27 4AE
Listing removedListed 127 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This property is for sale by traditional online auction, powered by Bamboo Auctions. Place a bid on by Monday 13th July at 12pm.
Offering a central location within the town of Hayle, this two bedroom duplex apartment is in need of updating, and due to its lease length is suitable for cash purchasers only.
There is communal parking. Communal Entrance Door into... Entrance Hall Exposed wooden floorboards, steps to first floor.
Shower Room Low level WC, shower cubicle, pedestal wash hand basin, tiled floor, built in cupboard. Inner Hallway Exposed wooden floorboards, understairs storage cupboard. Door into...
Open Plan Living Room/Kitchen/Diner 7.2m max x 2.7m - Two windows to the front, night storage heater, exposed wooden floorboards.
Selection of base and wall kitchen units, inset stainless steel sink and drainer, tiled splashbacks, space for electric oven. First Floor Landing Access to the loft.
Bedroom One 5.3m x 2.6m (17' 5" x 8' 6") Roof light to the front, night storage heater. Bedroom Two 3.2m max x 2.6m max - Roof light to the rear, eaves storage cupboard.
Parking To the rear of the property there is communal parking.
Directions whatthreewords///wedge.respond.intricate Material Information Grade II listed Cornwall Council Council Tax Band A Services- Mains electricity, water & drainage Tenure- We have been advised the lease of 99 years, commenced on the 1st July 1989, with the balance remaining.
There is an additional rent of £50 per annum. Heating- Electric Heating Management Fee- We have been advised there is an annual service charge of £715. There is an annual ground rent fee of £50.
Parking- Permit parking space Agents Note- Please refer to the legal pack for information relating to the property.
Upon completion the buy shall reimburse the seller the cost of the conveyancing searches in the amount of £325.07. Traditional Online Auction Exchange occurs at the end of the auction.
This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property.
To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
In addition, a non-refundable buyers fee of £6000 or 4.2% + VAT applies, whichever is the greater (in addition to the purchase price) will be charged to the successful bidder payable on the day of the auction on exchange of contracts.
The deposit (10% of the purchase price) is to be paid to the vendor’s solicitor by 12pm the next business day from the date of the auction/sales memorandum.
Completion is to take place within 20 workings days from exchange. Please see the contents of the legal pack for any additional buyer’s fees.
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Disclaimer These particulars do not form part of any contract or offer.
Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Foundry Flats, Foundry Square, Hayle, Cornwall
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