1-bedroom flat · PL15 8XA
Sold STCListed 669 days
Opportunity summary
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About
A 1 double bedroom flat situated in the heart of the town centre in a popular building, which features wonderful views across the town centre and the nearby Norman Castle.
Requiring a degree of updating and modernisation, the property would be a perfect first time purchase or investment opportunity.
***no chain*** You enter the property into a hallway with doors to all rooms. There is a telecom phone connected to the entrance door into the building.
Ahead is the front aspect sitting/dining room enjoying a fantastic view towards the town centre, nearby listed church and Norman Castle.
Off this reception room is open plan kitchen area with range of eye and base level units. Off the hallway is a door through to the double bedroom again with a great view.
Double doors open into a large built in wardrobe. The bathroom has a matching 3 piece suite including a full length bath.
Finally off the hallway there is a door into a airing cupboard with a hot water cylinder. The in-house launderette available to residents at Market Court located on the ground floor.
This facility is well-maintained by the management company and offers residents the convenience of using a range of washing and drying machines without the need to install their own appliances within a private flat, or journey outside to a public launderette.
The property is located on the fringe of the town centre of Launceston with a wide range of local and national amenities.
This property is situated within a purpose built set of apartments with a lift to all upper floors and the remainder of a 999 year lease.
Although the property requires updating this gives a purchaser a great opportunity to add their own stamp. The apartment is offered with no forward chain.
Entrance Hallway Sitting Room / Dining Room (3.96m x 3.14m (12'11" x 10'3" )) Kitchen (1.98m x 1.92m (6'5" x 6'3" )) Bedroom 1 (3.51m x 2.72m (11'6" x 8'11" )) Bathroom (1.97m x 1.70m (6'5" x 5'6" )) Services Mains Electricity, Water and Drainage.
Council Tax Band A Agency Note Maintenance Charge: Tbc Ground Rent: Tbc Leasehold Expiry: Tbc
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
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FAQ
About 34, Market Court, Launceston
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