1-bedroom flat · TR1 1GR
Sold STCReduced £10k (−6.5%) on 23 JulListed 588 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Fantastic opportunity to purchase a stunning 1 bed apartment which is beautifully presented throughout, ground floor position offers direct access to the sun terrace within this stunning development for over 55’s, in a fantastic city centre location enjoying the amenities & bus routes nearby.
The apartment enjoys a wonderful outlook and complex is modern & stylish, offering contemporry kitchen, large reception room room, double bedrooms, & wet rooms, the benefit of access to a residence lounge, laundry facilities & parking is available on request.
* * * no onward chain * * * property: Within the apartment's accommodation, there are emergency alarm cords in the hallway and wet room and all owners are provided with a personal trigger pendant which will activate the emergency call system and there is House Manager on duty on from 9am to 3pm Monday to Friday and a 24 hour care line answering service is in operation outside these hours.
The apartments are approached via a communal entrance hallway which has the manager's office and a guest suite which is available at £25 per night.
In addition, there is a laundry room, refuse room and a mobility scooter store which has access down to the street level via an internal lift for one's independent access to Truro city centre and it's facilities.
At lower ground floor level, there is a Refuse & Recycling room, superb residents' lounge and conservatory with access to the communal gardens.
This first floor retirement apartment is for those of 55 years of age or more and offers an excellent lifestyle for those wishing to continue living independently.
It’s so easy to make new friends and to lead a busy and fulfilled life at Lys Lander; there are always plenty of regular activities to choose from including; regular coffee mornings and afternoon teas, twice weekly keep fit classes, art group, Pasty lunches and Fish and Chip suppers, film afternoons and themed and seasonal events throughout the year.
Whilst there is something for everyone there is certainly no obligation to participate and home owners can ‘dip in and out’ of activities as they wish.
This apartment has the benefit of being next to the lift, offers a security phone entry system which also has a visual display to one's own television screen.
Approached via a spacious entrance hallway, there is access to a large lounge/dining room with double glazed patio doors with juliet balcony.
Adjoining is a kitchen which is equipped with built-in appliances; electric hob, easy-clean grill/oven, intergrated fridge-freezer The master bedroom has a spacious fitted wardrobe, to complete the apartment a shower room/wet room.
Parking is available on request for an additional fee of £250 per annum. Location: The property is in the just outside of the city and minutes from the city centre and amenities.
The beautiful Cathedral City of Truro offers all of the facilities that one would expect from a city, including a vast range of local & national retail outlets, wide selection of restaurants & bars, schools both public & private, medical facilities, gyms, supermarkets and sports clubs to name just a few!
The railway station offers regular services to London Paddington and beyond.
Tenure: Leasehold Annual service charge £4,173, Ground rent £495 per annum services: The following services are available: Mains electric, mains water and drainage heating: Electric panel heaters and hot water cylinder – compatible with dual tariff (“economy 7”) metering.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 5 Lys Lander Tregolls Road, Truro
Explore nearby