1-bedroom flat · TR9 6AN
For saleListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain | recently renovated throughout | Immaculately presented loft style 1 bedroom apartment in a popular central Cornwall location, with an open plan lounge/kitchen/diner in a popular Grade 2 listed block which has recently undergone extensive external refurbishment.
Market Place is home to this nice block of flats in the heart of St Columb Major town within just a 5 minutes drive of the A30.
St Columb Major has a good range of day to day amenities which are within easy walking distance as well as a number of cafes and pubs.
The town is very centrally located with Newquay, Truro, Bodmin and St Austell all within a 15 minute drive with the multiple popular beaches just 10 minutes down the road.
This second floor apartment opens up into a spacious hallway providing access to all rooms.
Firstly providing access to the spacious bathroom providing a full length bath with shower over with accompanying white suite with a modern polished granite effect panelling to all of the wet areas.
Continuing down the hall then provides access to the bedroom with ample room for a large double bed with ample wardrobe storage space and a unique dormer window giving a view out over the churchyard and neighbouring countryside.
Moving further into the apartment provides access to the spacious lounge/kitchen/diner which is a really light room thanks to the 2 side windows and 2 Velux.
The kitchen has a range of floor mounted units with free standing appliances and a solid wood worktop which is extended to offer breakfast bar seating easily big enough for 3/4 people.
A corner cupboard provides access to the gas combination boiler which provides the hot water and central heating throughout. Services All Mains Council Tax Band A Tenure Leasehold.
The property is held on a 199 year lease from 01/01/2003 with a £100PA ground rent which is reviewed every 25 years. The service charge is set at £1564 pa and is paid quarterly.
Residential letting, holiday letting and pets are all permitted at the property. Mobile & Broadband Coverage Superfast: Up to 80 Mbs Mobile Signal: Limited (Source: Ofcom)
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 Flat 7, 2-12, Market Place, St. Columb
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