2-bedroom flat · PL15 9EL
Listing removedListed 169 days
Opportunity summary
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About
Located in a popular development of flats, just a stones throw from the town centre of Launceston is this spacious 2 bedroom top floor flat.
The property is perfect for a first time buyer or a buy to let investor. You enter into a hallway with a second door through into the flat.
To the right hand side is the kitchen area housing ample base and eye level kitchen units with a pleasant view towards field. There is also space for a fridge-freezer and washing machine.
The sitting/dining room is a generous size and also enjoys fantastic views towards open countryside. This room is great for entertaining and is a particularly good size.
Adjacent to the sitting room is the family bathroom which again is a sizable room with a matching toilet basin, sink and shower over the bath. At the front of the building there are two bedrooms.
The second bedroom is the smaller of the two. The master bedroom is a generous double bedroom with space for freestanding furniture.
To the rear of the building is an allocated parking space with further visitors parking. The property is within a comfortable walk of the town centre with a range of local and national amenities.
Entrance Hallway Kitchen (2.70m x 2.50m (8'10" x 8'2" )) Sitting Room (5.00m x 3.80m (16'4" x 12'5" )) Bedroom 1 (3.60m x 3.60m (11'9" x 11'9" )) Bedroom 2 (3.60m x 2.50m (11'9" x 8'2" )) Bathroom (2.80m x 1.80m (9'2" x 5'10" )) Services Mains Electricity, Gas, Water & Drainage.
Gas Central Heating. Council Tax Band A.
Leasehold Leasehold Term - 999 years Years Remaining - 975 years Service Maintenance Charge £900 per annum Owned By Prouts Mews Management Company ltd, and each flat has a share of the freehold.
Agents Note The property is currently tenanted.
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.
Area
Agent & docs
FAQ
About 15 Prouts Mews, Okehampton Road, Launceston
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