2-bedroom flat · TR1 2DA
Sold STCListed 169 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PROPERTY DESCRIPTION Ideal first time buy or buy to let! This two bedroom first floor apartment is located close to Truro city centre.
Private entrance leading to an open living space, with both bedrooms leading off the main space. Galley style kitchen. Modern shower room. Gas central heating. Car port parking for one space.
Small gravel area to rear. To be sold with no forward chain. Leasehold with share of freehold.
PRIVATE ENTRANCE Door from the ground floor gives access to the internal stairway, which leads to the first floor. LIVING ROOM Large open space. Window to rear aspect. Doors leading to both bedrooms.
Archway to leading to kitchen. KITCHEN The kitchen is fitted to one side with a range of above and below counter units. Integrated electric oven and hob. Tiled splashback. Sink and drainer.
Space and plumbing for washing machine. Space for fridge freezer. Window to rear aspect. Opaque window to side aspect.
SHOWER ROOM The modern shower room is fitted with a white three piece suite comprising of WC, wash hand basin and enclosed shower cubicle. Heated towel rail.
CARPORT To the rear of the property is a car port with space for parking for one car. GARDEN Small area of graveled garden to the rear, shared with the ground floor apartment.
This could be split by the new owner should they wish. LEASEHOLD The vendor has informed us that the property is Leasehold with a share of Freehold.
Lease is 150 years commencing from 1st January 2011, the apartment will benefit from a share of the freehold with the ground floor. Service charges and buildings insurance split 50/50.
Value & comps
No previous sales on record.
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 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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