74 Trevithick Road, St. Austell, Cornwall

Description

Vacant long leasehold self-contained ground floor flat. Key features include a new 990-year lease, reception room, bedroom, kitchen, wet room, and GIA approximately 39.29 sq m (423 sq ft). By order of a Housing Association.

Accommodation

Reception Room, Bedroom, Kitchen, Wet Room; GIA approximately 39.29 sq m (423 sq ft)

Location

Located on the north west side of Trevithick Road. The shops, restaurants and bars of St Austell are to the north west. St Austell rail station (CrossCountry and GWR) is approximately 0.6 miles to the north west. The A390 is to the south. Porthpean Beach is to the south east.

Tenure / Property Information

Investment Analysis

The closest supplied evidence is 66 Trevithick Road at £47,500 in March 2025 and 76 Trevithick Road at £47,500 in March 2025. A later sale of 66 Trevithick Road at £82,000 in December 2025 provides a higher, but inconsistent, reference point. As no comparable sizes, condition, specification or transaction circumstances are supplied, the evidence supports a broad indicative range rather than a precise valuation. The long new lease and peppercorn ground rent are positive tenure factors, but parking, heating, EPC, council tax, condition and service-charge information are absent.

Investment Snapshot

Strategy Recommendation

Potentially investigate as a low-entry residential purchase, but do not rely on the guide or base GDV without viewing, lease and legal review, confirmation of service charges and a local rental appraisal. Set any bid only after quantifying works and all fees.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a viewing and survey before budgeting; only evidenced requirements are legal and lease due diligence, with any physical works to be identified after inspection.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV estimate of £47,500, a theoretical 75% refinance is £35,625. Cash left in cannot be calculated because refurbishment costs, buyer or administration charges and other acquisition costs are not supplied. The absence of rental evidence also prevents assessment of refinance affordability and cash flow.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The vacant status may allow letting, but likely achievable rent, service charges, council tax, EPC and operating costs remain unknown.

Flip Analysis

At the £20,000 guide, the indicative difference to the £47,500 base GDV is £27,500 before works, selling costs, acquisition charges, finance and tax. A net flip surplus cannot be calculated because condition, refurbishment requirements, transaction costs and supported selling allowances are unavailable. The £82,000 comparable creates substantial valuation uncertainty.

Investor Risks & Due Diligence

• Wide disparity between the supplied nearby 2025 sale prices, creating significant GDV uncertainty.

• Physical condition and refurbishment requirements are unknown.

• No rental evidence is available, so yield and BTL cash flow cannot be assessed.

• Buyer premium, administration charges and other seller or third-party fees are unspecified.

• EPC, council tax, heating, parking and service-charge details are absent.

• Leasehold legal and management matters require verification despite the stated new 990-year lease and peppercorn ground rent.

Recommendation

Potentially investigate as a low-entry residential purchase, but do not rely on the guide or base GDV without viewing, lease and legal review, confirmation of service charges and a local rental appraisal. Set any bid only after quantifying works and all fees.

Strategy Rating

Analysis Confidence

The property description, tenure, lease term, guide and several nearby sold comparables are supplied, but there is no condition assessment, rental evidence, EPC, service-charge information, buyer/admin fee schedule or comparable-size/specification detail.