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See how verdicts work2-bedroom flat · PL12 4SS
Listing removedReduced £15k (−21.4%) on 7 AugListed 123 daysAuction 15 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one-bedroom ground floor flat held under a leasehold title with approximately 54 years remaining on the lease.
The property is currently in poor condition and requires a full programme of refurbishment, offering an excellent opportunity for investors, developers, or those seeking a renovation project.
The accommodation is arranged on the ground floor and presents scope for modernisation and potential added value (subject to any necessary consents).
The short lease term should be taken into consideration and may impact mortgage availability, making this opportunity most suitable for cash buyers.
Key Features: One-bedroom ground floor flat Leasehold with approximately 54 years unexpired In need of complete renovation Ideal investment or redevelopment opportunity Potential to add value post-refurbishment Kitchen 248 cm L x 261cm W Bathroom 154 cm L x 135 cm W Living room 456 cm L x 300 cm W Bedroom 265 cm L x 330 cm D Guide Price: £70,000 Auction Date: 15th July Situated in the highly desirable county of Cornwall, the property benefits from a stunning coastal setting renowned for its beautiful beaches, dramatic cliffs and scenic countryside.
The area offers a relaxed lifestyle with a wealth of leisure opportunities including coastal walks, water sports and charming seaside towns.
Cornwall is well known for its strong sense of community, rich heritage and popular tourist appeal, making it an attractive location for both permanent residence and investment.
Local amenities, transport links and traditional pubs and eateries are all easily accessible, adding to the area’s broad appeal.
We would urge you to register a couple of days in advance as we cannot guarantee you will be registered on time to bid if we only receive your documents on the day of the auction.
It is imperative that you register to bid in the name you wish the property to be registered with Land Registry on completion.
If buying in a company name, please ensure to detail the company name on the registration. Once the property is exchanged, the vendor could decline to accept any change.
Buyers should review the legal pack with their solicitor and ensure they do their own due diligence before deciding to purchase.
All property offered at auction is under an unconditional contract, requiring the successful buyer to pay a 10% non-refundable deposit and complete within the terms of the contract, which will normally be 14 or 28 days.
For these reasons, it is suitable for cash buyers only.
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
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FAQ
About 13, Yellowtor Road, Saltash
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