1-bedroom flat · TR1 2GA
Sold STCReduced £15k (−13.6%) on 28 JulListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a tucked away location in the heart of Truro City is this spacious ground floor one bedroom retirement flat for over 60’s.
One of the few properties in the complex with direct access to the communal gardens and riverside..
Within minutes walk of high street shops, cafés, restaurants, Marks & Spencer, Hall for Cornwall music and theatre venue, taxis and buses. Offered for sale with no upward chain.
Access is via a secure entrance door leading to the communal hall.
The property comprises an entrance hall, a good sized lounge/dining room with riverside views and access, space for sofas, easy chairs and a dining room set.
The kitchen has an electric eye level oven and hob and space for a dishwasher and freestanding fridge/freezer. The bedroom has built-in wardrobes and riverside views.
The bathroom benefits from a three piece suite with over bath shower. The property benefits from double glazing and electric heating.
Extra features for this complex include a communal lounge for socialising and events with a kitchen space, discreet pull cords in every room in case of emergency and managed by Careline alarm service, lift, resident management staff and a laundry room.
Outside there is parking for residents and visitors on a first-come basis.
Situated in the heart of Truro city centre which has an extensive assortment of amenities; offering a vast array of shops, supermarkets, boutiques, cafes, bars and restaurants.
Close to a comprehensive range of professional health services and national rail networks. All of which are dotted around the quaint cobbled streets and riverside walks.
A short drive from the city centre there are a range of larger retail outlet centres, county hospital and Newquay airport.
Agents Note Please note this property has an age restriction over 60 years of age, however a partner can be 55. Lease Details Lease term is 125 years commencing in 2000.
As of 10/03/2026 annual ground rent is £724 and annual service charge is £3848 which includes the buildings insurance and water rates. Please contact the agent for review date.
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 Flat 3 Lowen Court,, Quay Street, Cornwall
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