1-bedroom flat · PL27 7AX
Listing removedListed 111 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A great opportunity to rent this well-presented one-bedroom ground floor flat, ideally located within easy walking distance of the town centre.
The property features an open-plan living and kitchen area, a separate bedroom with a fitted wardrobe, and an en-suite shower room. Situated on a sought-after road with on-street parking available.
EPC D / Council Tax A. Electric Heating. In addition to the first month’s rent a deposit of £650.00 will be required.
Bond Oxborough Phillips Lettings will pay the deposit to the Deposit Protection Service dps, (the government run scheme). Following receipt of the deposit, The dps will provide confirmation to you.
The full details are available on their website Please Note Permitted Payments: - One weeks holding deposit to secure property.
This will go against the first months rent providing that you do not withdraw your application or do not disclose vital information.
- £50 Inc VAT administration fee for any changes to the tenancy (when requested by the tenant).
- Early termination fee (only when agreed in writing from the landlord), £50 Inc VAT administration fee plus any agreed reasonable costs (as agreed with landlord).
- Lost Keys / Security Devices, replacement will be charged at cost to the tenant. Charges can be upto £50 Inc VAT. - Late rent.
We reserve the right to charge interest; this can be added to each day after the rent due date.
Charged at an annual percentage rate of +3% above the Bank of England base rate until full payment is made. The property is let as seen. Standard references will be required.
Please note that all measurements are only approximate and are purely given as a guide. Please refer to Bond Oxborough Phillips Lettings guidance notes for prospective tenants.
If you would like to view the property, or if you require any further information, please do not hesitate to contact Bond Oxborough Phillips Lettings.
Viewing is strictly through Bond Oxborough Phillips lettings and by appointment only. Directions From our Wadebridge office head along The Platt towards the cinema.
At the roundabout turn left and nearly immediately right onto Fernleigh Road, continue up Fernleigh Road.
Where thre road forks left to Guineaport, continue up the road 100yards and hidden on the left hand side is a walkway down to the property which is the third property down on the right hand side.
Rental Terms The property is available from the end of April on an Assured Shorthold Tenancy Agreement.
Rent: £550.00 per calendar month payable in advance deposit: £550.00 payable prior to commencement of tenancy Tenant Permitted Payments (As per Schedule 1 Tenant Fees Act 2019) Assured Shorthold Tenancy Agreements: • One weeks holding deposit to secure property.
This will go against the first month’s rent providing that you do not withdraw your application or do not disclose vital information. • £50 (inc.
VAT) administration fee for any changes to the tenancy (when requested by the tenant). • £50 (inc.
VAT) early termination fee (only when agreed in writing from the landlord), administration fee plus any agreed reasonable costs (as agreed with landlord).
• Lost Keys/Security Devices, replacement will be charged at cost to the tenant. Charges can be up to £30 inc. VAT. • Late rent.
We reserve the right to charge interest; this can be added to each day after the rent due date. (truncated)
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
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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 Elmhurst,, Flat 1, Wadebridge
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