Summary - 65 PENRICE PARC ST. AUSTELL PL25 3NA
2 bed 1 bath Flat
Immediate rental income from a compact two-bedroom flat with shared garden.
Gross annual rent £9,300 from long-term sitting tenants
A compact two-bedroom flat in Penrice Parc, St Austell, currently let and producing a gross annual income of £9,300 — a clear buy-to-let opportunity for portfolio investors. The property offers a lounge, kitchen, bathroom, two bedrooms, shared front and rear garden and on-street parking. Broadband speeds are fast and mobile signal is excellent, supporting tenant demand.
The flat is leasehold, about 560 sq ft overall, and sits in an area classified as deprived with an ageing industrious-worker profile. The current tenants have occupied the property for several years and intend to remain, which delivers immediate rental return but means any purchaser should expect to take the property with sitting tenants and the existing tenancy terms.
Practical considerations: the building appears modern and generally well-kept but is described as needing some maintenance and the overall size is small — appropriate for investors targeting steady rental income rather than owner-occupier space. A buyer’s premium applies on sale — factor this into total acquisition costs. For detailed investment figures and tenancy paperwork, refer to the Let Property Pack.
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