Summary - Flat 3, 2 High Street PL15 8ER
1 bed 1 bath Flat
Compact characterful flat with proven rental income and long lease.
Chain free first-floor apartment in town centre
A compact first-floor apartment in the heart of Launceston, this one-bedroom flat sits within a Grade II listed mid-terrace building and is offered chain free. Previously let at £550pcm, it has proven rental appeal and an estimated gross yield of around 9.4% using a £69,950 benchmark. The long lease (999 years originally, c.981 years remaining) and low annual outgoings (ground rent £30, service charge £320) keep ongoing costs predictable.
The flat makes efficient use of its small footprint with high ceilings, sash windows and period character that increase perceived space and charm. The layout includes a living room, compact kitchen/dining area, double bedroom and shower room — suited to a single occupant, couple or buy-to-let investor seeking a low-maintenance town-centre asset.
Buyers should note material constraints: the property is Grade II listed which will restrict alterations and can complicate repairs or upgrades. The building appears to have timber-frame walls assumed without insulation; the EPC is E. There is no allocated parking and the immediate area records above-average crime and local deprivation, which may affect long-term tenant demand or resale for some purchasers.
Overall this is a practical, low-cost entry to Launceston property ownership with strong short-term rental history and long lease security. It will particularly suit buyers wanting a central, characterful apartment who accept listed-building limitations and a compact living space.
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