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See how verdicts work2-bedroom flat · PL15 9HF
For saleListed 62 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
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, the property is need to some updating and improvements.
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.
Hallway Air Cupboard / Meter Cupboard Bathroom (2.47m x 2.20m (8'1" x 7'2" )) Kitchen (3.02m x 2.48m (9'10" x 8'1")) Bedroom 1 (3.64m x 2.99m (11'11" x 9'9")) Living Room Bedroom 2 (3.52m x 2.34m (11'6" x 7'8" )) 2.34m extends to 3.02m Services The property lease expires in 2989.
The current service charge is £1606 per annum. Some pets may not be allowed are allowed on the lease. Agent Note Mains Electricity, Water & Drainage. Electric Storage Heating. Council Tax Band C.
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
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FAQ
About 12, Pendruccombe Court, Launceston
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