Summary - Bay Tree Hill, Liskeard, Cornwall, PL14 PL14 4BE
4 bed 4 bath Apartment
Four one‑bed units with immediate income and refurbishment potential sold at auction.
Long 999‑year leasehold from 2018 for all four units
Two flats currently let generating £12,000 per year
Two flats vacant — potential £650 pcm each passing rent
Grade II listed — restrictions and likely higher refurbishment costs
Auction sale: buyers’ fee £2,400 inc VAT and 10% deposit required
Heating: electric room heaters; middling energy ratings (D/E)
Town‑centre location with fast broadband and excellent mobile signal
High crime and very deprived area — affects management and growth
This long leasehold lot offers four one‑bedroom units above a Victorian commercial frontage in central Liskeard, presented as an income-driven purchase at auction. Two flats are let on assured shorthold tenancies producing £12,000 pa; the other two are vacant with realistic passing rent potential of £650 pcm each. The building’s footprint and high ceilings suggest spacious layouts and solid rental demand from nearby amenities.
Important considerations include the Grade II listing and leasehold tenure (999 years from 2018). Listed status will restrict external and certain internal alterations and may add costs and delays for refurbishment. Heating is by electric room heaters and mains services are standard; energy ratings are middling (D/E), so operational costs and tenant appeal should be factored into any valuation.
The sale will be conducted by public auction with a buyers’ administration fee (£2,400 inc VAT) and a 10% deposit on exchange (minimum £5,000). The legal pack contains fuller information on insurance contributions (one third advised) and any additional seller charges — these must be reviewed before bidding.
Location strengths include excellent mobile signal, fast broadband, walkable amenities and close schools, supporting letability. Counterbalancing factors are a high local crime score and very deprived area classification, which affect tenant mix, management needs and long‑term capital growth prospects. This lot suits experienced buy‑to‑let investors or landlords comfortable with listed buildings and auction purchases.
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