2-bedroom flat · PL27 6BW
Listing removedListed 101 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A light and spacious ground floor two bedroom waterside apartment. Enjoying a lovely location with river views and within an easy walk of Wadebridge town centre.
Inside, the apartment comprises of a large hallway with storage cupboards. Double glass doors lead into the open plan lounge/kitchen/diner.
Includes a quality kitchen with granite worktops, gas hob & electric oven, integrated dishwasher, fridge/freezer and washing machine. French doors lead out onto the small balcony with river views.
Master bedroom with dressing area with built in wardrobes and ensuite shower room with French doors leading onto the balcony. Further double bedroom with built in wardrobes. Main bathroom.
Double glazed windows and gas central heating throughout. Entrance telephone security system. Secure underground parking with one allocated parking space, plus visitor parking. Basement storage area.
A lift is available from the parking area. Energy Rating C (80). Council Tax Band D. Holding Deposit £229. Total Deposit £1,148.
Affordability guide: Based on a monthly rent of £995, you will need a combined household gross income of £29,850 per annum (£2,487.50 per month) to pass our referencing checks.
If a guarantor is required, they will need a gross income of £35,820 per annum.
These figures are based on standard criteria set by our referencing provider and apply equally regardless of income source. Please contact us if you require any clarification.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 5 Tides Reach Apartments, Egloshayle Road, Wadebridge
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