69 West Hill, St. Austell, Cornwall PL25 5EY

Description

A one-bedroom maisonette situated close to St Austell town centre, offering convenient access to a range of local amenities, the railway station, and excellent transport links. The property also benefits from easy access to Cornwall’s picturesque coastline and surrounding countryside. Arranged over two floors, the accommodation comprises an entrance hall, living/dining room and kitchen on the ground floor, with a first-floor bedroom and bathroom. The property is offered for sale as an ongoing investment and is currently let at £675 per calendar month, generating an annual rental income of £8,100. At the current guide price, this equates to an approximate gross rental yield of 14%, subject to the final sale price. An appealing opportunity for investors seeking an established rental investment in a well-connected Cornish location.

Accommodation

Ground floor: Living/Dining Room: 4.44m x 4.08m; Kitchen: 4.17m x 2.90m. First floor: Bedroom: 3.91m x 3.36m; Bathroom: 2.91m x 2.58m.

Location

Close to St Austell town centre, with access to local amenities, the railway station, excellent transport links, Cornwall’s coastline and surrounding countryside.

Tenure / Property Information

Investment Analysis

Guide price is £55,000 plus £2,400 known buyer/admin fees. No completed sales or valuation evidence is supplied, so GDV and a defensible maximum bid cannot be established. The current £675 pcm rent is above the supplied advertised asking rents of £600–£650 pcm and should be verified with tenancy and payment records.

Investment Snapshot

Strategy Recommendation

Consider as a buy-to-let only if the £675 pcm rent is evidenced and the lease/legal pack are satisfactory. Do not rely on a flip or BRRR exit without valuation evidence.

Works Required

No refurbishment works are evidenced. Allow for ordinary inspection, compliance and any EPC-related works only if confirmed by inspection or the legal pack.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable because no market GDV, completed comparables, refinance valuation or finance terms are supplied. The property is leasehold and currently let; lease length, ground rent, service charges and legal-pack matters require confirmation.

Buy-to-Let Analysis

At the £55,000 guide, the stated £675 pcm rent produces £8,100 annual rent and a 14.73% gross yield before costs. Including the £2,400 known buyer/admin fees, the gross yield is approximately 14.11%. The supplied asking-rent evidence is lower at £600–£650 pcm, so the passing rent and tenancy terms should be verified. Net yield cannot be calculated without operating costs and lease details.

Flip Analysis

A flip analysis is not supportable because no completed comparable sales, GDV or refurbishment budget is supplied. The property is described as an ongoing rental investment and no evidenced value uplift is available.

Investor Risks & Due Diligence

• Lease length, ground rent, service charges and other lease terms are not supplied.

• Current £675 pcm rent exceeds the supplied advertised asking rents of £600–£650 pcm and requires verification.

• EPC rating E39 may require future improvement or compliance expenditure.

• Auction legal-pack disbursements and other charges may be payable but are not quantified.

• Final purchase price may exceed the guide price.

• Net yield cannot be established without operating costs and tenancy details.

Recommendation

Consider as a buy-to-let only if the £675 pcm rent is evidenced and the lease/legal pack are satisfactory. Do not rely on a flip or BRRR exit without valuation evidence.

Strategy Rating

Analysis Confidence

Current rent, guide price, known fees, accommodation and limited rental evidence are supplied, but there are no completed comparables, GDV, condition survey, lease details or operating costs.