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See how verdicts work2-bedroom flat · PL15 7AZ
Sold STCListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This town centre flat was purpose built for retired occupants over the age of 55.
There is a lift to all floors, an intercom security system and emergency pull cords all around the property to request assistance.
Internally, the home is well presented throughout with a light coloured carpet in every room except the kitchen that has a practical vinyl floor.
The modern kitchen has been fitted with numerous white wall and base units housing an eye level electric oven with microwave above, an electric hob, extractor, fridge and freezer.
The lounge/dining room is light and airy featuring an electric fire with wooden surround. Both the bedrooms benefit from fitted double wardrobes.
The shower room has a corner shower unit, wash basin with vanity cupboard below and a heated towel rail. The apartment is heated by economy 7 storage heaters and has UPVC double glazing.
From the landing at the rear of the building, views of the castle can be enjoyed. The building is accessed via security gates and there is residents parking located within the grounds.
The apartment is in the Town Centre which boasts a wide range of shopping, schooling and recreational facilities and for those with golfing interests Launceston Golf Course is a few minutes away.
The town itself lies adjacent to the A30 trunk road giving access to Truro and West Cornwall in one direction and Exeter and beyond in the opposite direction.
Agents Note: Please note the lease states the following: No bird, cat, dog or other animal shall be kept in the premises unless agreed to by the Lessor in writing.
(On Foot) From our offices in the Town Centre proceed into Westgate Street.
Bear right at The Westgate Inn public house and right again on to the Dockey where the secure gates to Westgate Mews will be found on the right hand side.
- ///princes.blunders.interest Lounge/Dining Room 3.53m max x 5m max Kitchen (2.18m x 2.18m) Bedroom 1 2.7m max x 3.73m max Bedroom 2 (2.03m x 3.07m) Shower Room/WC 2.16m max x 2.03m max Services Mains water, electricity and drainage.
Council Tax B: Cornwall Council. Tenure Leasehold. The property is sold with the remainder of a 125 year lease which was granted in 1991.
The current service charge and ground rent is £268.74 per calendar month. Viewing Arrangements Strictly by appointment with the selling agent.
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.
Area
Agent & docs
FAQ
About 5, Westgate Mews, Cornwall
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