2-bedroom house · PL15 9HF
Listing removedListed 182 days
Opportunity summary
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About
A 2 bedroom 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 building is via a locked security door into a communal hallway and stairs lead to the property in question or there is a communal lift in the building.
The property itself has an entrance hallway with useful cloaks/airing cupboard.
There is a kitchen with a range of fitted wall and base units with a rear aspect window taking full advantage of the great views and space for appliances.
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 2 spacious bedrooms and many of the residents use the second bedroom as a dining room or games room alongside the bathroom.
The property has a security intercom entry system and is offered for sale with communal parking available.
Entrance Hallway - With Airing Cupboard Kitchen - 3.41m x 2.33m (11'2" x 7'7" ) - Living Room - 5.05m x 3.48m (16'6" x 11'5" ) - Bedroom 1 - 3.89m x 3.48m (12'9" x 11'5" ) - Bedroom 2 - 3.40m x 2.77m (11'1" x 9'1" ) - Bathroom - 2.23m x 1.94m max (7'3" x 6'4" max) - Services - Mains Electricity, Water & Drainage.
Electric Storage Heating. Council Tax Band C. Agent Note - The property lease expires in 2989. The current service charge is £1606 per annum. 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
Agent & docs
FAQ
About Tavistock Road, Launceston
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