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See how verdicts work1-bedroom flat · PL15 8BH
Sold STCListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Flat 3, New Northernhaye, is situated in Tower Street, very close to Launceston town centre, convenient for all the local town shops and amenities.
The 1970’s ex-authority flat was purchased from Cornwall Council by our vendor during 2021. The access door, communal entrance hall and stairs are shared by just three other dwellings.
There is a shared paved area for residents to dry their washing and permit parking close by which can be purchased from the council.
Inside, the first floor flat is surprisingly spacious with recently laid carpets and flooring throughout.
The entrance hall allows access to a useful cupboard and all the rooms including a utility room where there is plenty of fitted cupboard space and the wall mounted gas boiler which provides heat to the water and the strategically placed radiators around the accommodation.
The washing machine is included in the sale and there is space above it for a tumble dryer.
The kitchen also provides a range of fitted units placed both above and below the working surface and tiled splash back.
An integral dishwasher, under counter fridge, electric oven and grill, along with an electric hob with extractor over will be included within the sale. There is space for a dining set.
The living room enjoys countryside views and has the benefit of a large storage cupboard.
The double bedroom is fitted with a large wardrobe and allows access to the small balcony with a view towards the countryside.
There is also a tiled shower room with a white WC, hand basin and fitted vanity cupboards. A lockable cupboard on the shared landing is also available.
This property could suit a first time buyer, investor or purchasers looking for affordable, easy to maintain town centre accommodation.
The property is situated a short walk from the heart of Launceston Town Centre which boasts a range of shopping, commercial, educational and recreational facilities and lies adjacent to the A30 trunk road giving access to Truro and West Cornwall in one direction and Exeter and beyond in the opposite direction.
Agents Note: Please note the lease states the following: No animal, bird, reptile or insect shall be kept in the premises without the prior written permission of the Council which if given shall be deemed to be by way of licence revocable at will and may be given on such terms as the Council thinks fit.
From our office, proceed on foot down High Street, into Church Street, and past St. Mary Magdelene Church on your right hand side.
Take the right turn into Tower Street, where the entrance to Flats 1 to 4 New Northernhaye will be found a short distance along on the right hand side.
what3words.com - ///animal.hook.stall Kitchen 2.9m max x 2.74m max Living Room 5.16m max x 3.02m max Utility Room 2.1m x 2m Bedroom 3.84m max x 3.02m max Shower Room 2.41m max x 1.47m max SERVICES Mains water, electricity, drainage and gas.
COUNCIL TAX. A: Cornwall Council. TENURE Leasehold. The property is sold with the remainder of a 125 year lease which was granted on 12th April 2021.
The current annual service charge is £1500 and annual ground rent is currently £10. VIEWING ARRANGEMENTS Strictly by appointment with the selling agent.
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 Tower Street, Launceston, Cornwall, PL15
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