2-bedroom flat · PL27 7AX
For saleReduced £10k (−5.6%) on 20 JunListed 452 days
Opportunity summary
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About
A wonderful opportunity to acquire a two storey duplex apartment forming part of this former town house and close to Wadebridge Town.
Creating an incredible feeling of space the accommodation is arranged over the first and second floor comprising an entrance hall, a kitchen / breakfast room, bedrooms and shower room to the first floor and spacious living room with exposed stonework, with the advantage of a pretty bay window seat with views towards The River Camel and playing fields.
The property benefits from gas fired central heating and communal parking on a first come first serve basis. Lobby Shared access with the ground floor apartment.
Main entrance door with inner door leading to private access hall. Hall Stairs ascend to the first floor. Radiator Landing Access to the kitchen / breakfast room, bedrooms and shower room.
Under stair storage cupboard and stairs ascend to the second floor. Kitchen/Breakfast Room Double glazed uPVC window facing the rear.
Radiator, vinyl flooring, built-in storage cupboard, part tiled walls, down lights.
Roll top work surfaces, a range of base units, one and a half bowl stainless steel sink with drainer, integrated electric oven, gas hob, gas central heating boiler, space for washing machine and fridge/freezer.
Additionally, there is also space for a breakfast table. Bedroom One Double glazed uPVC window facing the front. Radiator, carpeted flooring, two built-in storage cupboards, down lights.
Bedroom Two Double glazed uPVC window facing the front. Radiator, carpeted flooring. Shower Room Single shower cubicle, wash hand basin, low level WC with concealed cistern.
Part tiled walls and extractor fan.
Living Room Wooden Velux window to the front and double glazed bay window with a window seat to the rear with roof top town views towards the cricket pitch and River Camel.
There is an attractive exposed stone wall adding to the character of this property with lovely vaulted ceiling with exposed beams. Two radiators and recess area for storage or study area.
Outside A small courtyard area to the front for bin collection.
To the rear, there is communal parking on a first come first served basis Agents Notes There are three apartments associated with this converted town house, which include two in the main residence and the attached dwelling to the rear.
This forms part of a shared freehold between all apartments. Any works required externally or to communal areas are jointly split between the owners, on a needs must basis.
Please note there is no monthly ground rent or maintenance charges.
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 1, 14, Fernleigh Road, Cornwall
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