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See how verdicts work2-bedroom flat · PL15 9HF
For saleReduced £2.5k (−2%) on 14 OctListed 363 days
Opportunity summary
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About
A two bedroom triple aspect retirement apartment, situated in a popular location on the edge of the town with lovely far reaching views at the rear.
The property is situated in a purpose built block for residents over the age of 55 and there is no onward chain.
Entrance to the apartment is from the lower car park, via a locked security door into a communal hallway, or can be accessed from the upper level using the stairs or the lift.
The apartment (which has the benefit of a key safe) has an entrance hallway with useful airing cupboard alongside an additional smaller cupboard housing the electrics.
The kitchen, with a side aspect window, is fitted with a range of wall and base units, space for appliances and plumbing for a washing machine.The living room is a generous sized dual aspect room and there are some lovely country views from the double doors with Juliette balcony at the rear.
There are two double bedrooms, the larger taking full advantage of the far reaching views across fields and trees towards Dartmoor.
Many residents use the second bedroom as a dining room or hobbies room. The large modern bathroom is fitted with a walk-in shower, toilet, sink and a wall mounted heated towel rail.
The property has a security intercom entry system and is offered for sale with communal parking available.
Hallway With Cupboard and Airing Cupboard Kitchen (2.99m x 2.52m (9'9" x 8'3" )) Living Room (4.67m x 3.65m (15'3" x 11'11" )) Bedroom 1 (3.64m x 3.61m (11'11" x 11'10" )) Bedroom 2 (3.56m x 3.01m (11'8" x 9'10" )) Shower Room (2.52m x 2.23m (8'3" x 7'3" )) Services Mains Electricity, Water and Drainage.
Heating Type - Storage Heaters Council Tax Band C Agent Note The property is held on a leasehold tenure. Managed by Pendruccombe Court Management Co Ltd. The property to be held on a 999 year lease.
The property lease expires in 2989 The current service charge is £800 every 6 months which also includes the water supply. No pets are allowed on the lease.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 3 Pendruccombe Court, Tavistock Road, Launceston
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