1-bedroom house · TR1 2GA
Listing removedReduced £11k (−12.2%) on 8 JulListed 596 days
Opportunity summary
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About
Tenure: Leasehold Spacious retirement apartment for over 60’s, in a city centre location, with amenities on your doorstep & in a fantastic position on the favoured river side of lowen court, with superb river views.
Lowen Court benefits from onsite house manager, lift access, laundry room, communal residents lounge, laundry room, buggy/ scooter parking & charging, emergency pull cord system & A car park property: The complex has a fantastic community which is apparent as soon as you view, there is a communal lounge, a fantastic place to catch up with your neighbours.
This lovely apartment has a communal entrance hallway leads to the lift which access all the floors in addition to separate access.
You enter into the hallway, with cupboard housing the fuse box and electric metres. Pull alarm cord.
The kitchen has a panelled door, fitted with a range of wall and base units with complementary roll edge worktops, inset stainless steel sink and drainer unit with taps over. Tiled splashback.
Built-in oven and 4 ring electric hob with extractor fan over. Space for fridge and freezer. Alarm pull cord and window to side elevation.
The lounge is to the rear, full of natural light and enjoys views over the river and views towards the city. The bedroom is a good size with window to side elevation. Alarm pull cord.
Built-in double wardrobes. The bathroom is fitted with a suite comprising of walk-in baths with shower over, low level wc. Wash hand basin set into worktop with hot and cold mixer taps over.
Wall mounted towel rail/heater. Wal mounted mirror with light over. Extractor fan. Tiled walling.
Location: Lowen Court is situated off Quay Street in the heart of Truro providing level access to the shops and facilities, with Marks and Spencer and Co-Op for daily provisions.
Many bakeries, coffee shops, restaurants all within easy walking or mobility scooter distance.
Medical facilities and the bus station are nearby, making this one of the most convenient locations for the over 60s to live in Truro. Tenure: Leasehold – 125 year lease granted in 2000.
Service and Maintenance Charges per year £3,796.03 Ground Rent £464 per year There is a house manager on site 5-days a week (Monday to Friday) from 09:00hrs to 17:00hrs, outside of these hours there is an emergency answering service.
Within the apartment there are emergency pull cords. Additional facilities within the building include residents lounge with small kitchen area for residents coffee mornings and social events.
There is also a laundry room. There is a guest suite available costing of £20 per night for a double room and £15 per night for a single room.
Council tax band - A Heating & glazing: UPVC double glazing and electric storage heaters.
Room sizes: Bedroom 14' 8'' x 8' 2'' (4.47m x 2.49m) Lounge/Diner 17' 3'' x 14' 0'' (5.25m x 4.26m) Kitchen 8' 11'' x 5' 8'' (2.72m x 1.73m) EPC Rating: C
Value & comps
No previous sales on record.
Returns
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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.
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About Flat 16, Lowen Court Quay Street, Truro
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