4-bedroom flat · TR15 2AZ
For saleListed 824 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This fine looking Grade II Listed property is being offered for sale as an excellent investment opportunity currently producing a rental figure of £1830 per calendar month for the three flats.
There is also a small shop with main street frontage in a prime location. Situated in the main street of Redruth and being Grade II Listed, this is an investment opportunity worthy of inspection.
There is a small shop with main street frontage. Flat A is very interesting being on several floors with a turret and has good living space. The other flats are smaller but well proportioned.
The specification includes electric heaters. All three flats are let at £1830 pcm and the shop is available to rent. The vendor is asking for £200 pcm.
Externally this is a fine looking building as you will see from the pictures. Redruth town has various retail outlets and a mainline railway station plus bus services.
Flat A Lounge (3.01m x 2.92m (9'10" x 9'6")) Corner window. Kitchen (1.8 x 1.72 (5'10" x 5'7")) One and a half bowl sink unit and worktops. Eye level units and a cooker hood. Tiled splash backs.
Inner Hall Laundry Room (1.61m x 0.70m (5'3" x 2'3")) Space for white goods. Bedroom 1 (2.86m x 2.82m (9'4" x 9'3")) Recess. Bathroom Panelled bath with an electric shower. Pedestal basin. WC.
Extractor fan. Bedroom 2 Flat B Lounge (3.8m x 3.2m (12'5" x 10'5")) Steps leading to: Kitchen (3.54m x 2.52m (11'7" x 8'3")) Single drainer stainless steel sink unit. Worktops with splash backs.
Eye level units. Bedroom (3.2m x 3.1m (10'5" x 10'2")) Built-in bed and cupboards. Shower Room Electric shower, basin and WC.
Flat C Lounge (3.29m x 2.66m (10'9" x 8'8")) Bedroom (3.54m x 1.87m (11'7" x 6'1")) Open wardrobe and understairs cupboard. Kitchen (2.71m x 2.1m (8'10" x 6'10")) Single drainer stainless steel sink.
Worktops with splash backs and eye level cupboards. Shower Room Shower cubicle with an electric shower, an enclosed basin and wc. Agents Notes Tenure: Freehold council tax band: Each Flat is a Band A.
Flat A is currently achieving £675 pcm Flat B is currently achieving £580 pcm Flat C is currently achieving £600 pcm Services Mains drainage, mains water, mains electricity.
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 9, Fore Street, Redruth
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