1-bedroom flat · TR15 3PU
Listing removedReduced £17.5k (−17.9%) on 9 JunListed 219 days
Opportunity summary
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About
Offered via the Modern Method of Auction, with no onward chain, a one double bedroom, first floor apartment, located in Pool near Redruth.
This property benefits from being within easy walking distance of Carn Brea leisure centre, local supermarkets and Cornwall college. The A30 is also only a few minutes’ drive away.
The accommodation consists of an open plan lounge/kitchen/diner that has laminate flooring, an electric cooker, plumbing for a washing machine and space for a fridge freezer.
The shower room is equipped with an electric shower in a corner cubicle, a wash basin and matching toilet whilst the double bedroom has laminate flooring, a wall mounted electric heater and a storage cupboard.
This property also benefits from its own designated parking space, double glazing and electric heating.
The Council Tax is band 'A' and both Standard and Superfast Broadband are available in this area.
A Good mobile signal is likely across the Vodaphone and O2 networks but may be limited on the EE and Three networks. Utilities to the property include mains electricity, water and sewerage.
The tenure of the property is leasehold and the 99 year lease commenced on 1st September 2008, leaving 81 years left on the existing lease.
Pets are not permitted in the property without prior consent from Coastline. Holiday Letting the property is not permitted under the terms of the lease but residential letting is permitted.
The annual ground rent is £10 which will increase to £20 in 2041 and £40 in 2074. An annual service charge of £2,588.23 payable to Coastline Housing.
A breakdown of what the charge includes is available upon request as is the lease. This property would make an ideal home for first time buyers or an ideal investment property.
Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional. These details are intended to give a fair description only and their accuracy cannot be guaranteed nor are any floor plans (if included) exactly to scale.
These details do not constitute part of any offer or contract and are not to be relied upon as statements of representation or fact.
Intended purchasers are advised to recheck all measurements before committing to any expense and to verify the legal title of the property from their legal representative.
Any contents shown in the images contained within these particulars will not be included in the sale unless otherwise stated or following individual negotiations with the vendor.
Northwood have not tested any apparatus, equipment, fixtures or services so cannot confirm that they are in working order and the property is sold on this basis. EPC rating: C.
Tenure: Leasehold, Service charge description: On application, Length of lease (remaining): 81 years 4 months,
Value & comps
No previous sales on record.
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Returns
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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 advisors 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
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FAQ
About Brea View, Park Lane, Pool, TR15
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