1-bedroom flat · PL25 3EZ
Sold STCListed 421 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A shared ownership one bedroom first floor apartment situated in a tucked-away position on a popular residential development on the eastern side of St Austell.
The property is entered via a communal main entrance and hallway with door-to-door intercom system and is located on the first floor.
The accommodation is well presented and light & airy throughout and in breif comprises of entrance hall with good size storage cupboard, family bathroom, with shower over bath, double bedroom, open plan lounge/dining space, kitchen, with integrated oven and hob, sink, and offers space for a washing machine and fridge freezer.
The property benefits from gas fired central heating and UPVC double glazing throughout. Externally, this property enjoys allocated parking, and communal garden areas.
The current owner pays a monthly fee of £277 to Livewest which includes rent (on the 60% owned by Livewest), the service charge and buildings insurance.
The restriction is for a person who needs affordable housing and at the relevant time has a local connection with the borough of Restormel or any dependant of such person who is living with such a person.
To be deemed to have a local connection they must satisfy one or more of the following criteria: • Been resident in the area for at least three years of the last ten years.
• The person is employed on a full time (or equivalent) basis in the area.
Agents note: The property is offered with the remainder of a 99-year lease which we understand commenced on the 1st January 2006.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 Larcombe Road, St Austell, PL25
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