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See how verdicts work2-bedroom flat · TR15 2EW
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no onward chain, this two bedroom first floor apartment would make a lovely first time buy or investment.
Excellent access is available to Redruth town, Redruth Train Station and a wide range of amenities to include local shops, educational facilities and also to the A30 link road.
Internally there is a lovely light open plan living space with a newly fitted kitchen with French doors to a balconette. There are two good bedrooms and a newly fitted shower room.
The property is warmed by gas central heating and is fully double glazed.
Externally there is resident parking which is on a first come first served basis but there is street parking available a short walk from the flats.
Leasehold Property 999 year lease which started 25/3/2007. Council Tax Band A. EPC C.
Accommodation Comprises: Communal Entrance Having an intercom system and small stairwell leading to the entrance to the flat. Entrance Hall Door into entrance hall. Radiator. Smoke alarm. Fuse box.
Intercom phone and doors into: Open Plan Living Area 15'11" x 14'8" (4.85m x 4.47m) Lovely light living space with French doors to balconette. Double glazed window to front. Wood flooring. Radiator.
Newly fittted kitchen having a good range of base, wall and drawer units. Roll top work surfaces and tiled splash backs. Built in gas hob and electric oven with extractor hood.
Built in fridge/freezer. Plumbing for washing machine. Combination boiler supplying hot water and central heating. Bedroom 1 11'1" x 8'10" (3.38m x 2.7m) Double glazed window. Wood flooring. Radiator.
Bedroom 2 9'10" x 8'2" (3m x 2.5m) Double glazed window. Wood flooring. Radiator. Bathroom 10'10" x 4'7" (3.3m x 1.4m) Recently fitted with a good sized shower enclosure with thermostatic shower.
Plastic cladding to walls. Low level W.C. Pedestal wash basin. Radiator. Double glazed frosted window. Extractor. Agents Note Leasehold property. 999 Year Lease started 25/3/2007.
Maintenance/Service charge £660 per annum and Ground Rent £100 per annum. Management Company - Trefuffe Place Management company Ltd.
Value & comps
No previous sales on record.
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 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.
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About Sparnon Close, Redruth
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