1-bedroom flat · PL31 2NU
Under offerReduced £4.5k (−10.1%) on 16 SepListed 452 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
10 Burnards Court is a well-presented one-bedroom, second-floor retirement apartment, located within a popular McCarthy & Stone development in the heart of Bodmin.
Built in 1988 and designed specifically for residents aged 60 and over, Burnards Court offers a safe, supportive, and sociable living environment with a range of on-site facilities and services.
The apartment features a welcoming entrance hall with a storage cupboard that houses the hot water cylinder and electric meters, as well as the emergency intercom system and door entry phone.
The living and dining area is a comfortable space with a storage heater, power points, and wall lights.
An archway leads into the kitchen, which is fitted with wall and base units, a single drainer sink, worktop space, and room for appliances.
The kitchen also includes an extractor fan and vinyl flooring.
The bedroom is generously sized and benefits from a built-in mirrored wardrobe, a panel heater, wall lighting, and an emergency pull cord.
The bathroom is equipped as a wet room with a built-in seat and overhead shower, WC, a vanity unit with basin, heated towel rail, and another emergency pull cord for added peace of mind.
Residents of Burnards Court enjoy a number of shared facilities, including a bright and welcoming lounge, a communal laundry room, and access to a guest suite for overnight visitors.
A Development Manager is on-site four days a week, and a 24-hour emergency call system (Appello) ensures support is always available.
Lift access serves all floors, making the apartment suitable for those with limited mobility. The property is leasehold, with a 125-year lease starting from 1988.
The current service charge is approximately £4,354.64 per year, and the ground rent is £498.32 per year. Council Tax is Band A, offering affordable annual rates.
Please note that residents must be aged 60 or over.
Situated on Berrycoombe Road, the development is conveniently located within walking distance of shops, bus stops, gp surgeries, and Bodmin's town centre.
This apartment offers excellent value for a safe, low-maintenance retirement lifestyle in a supportive community setting.
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 10 Burnards Court, Berrycoombe Road, Bodmin
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