Compact ground-floor flat ideal for downsizers or investors seeking refurbishment potential.
- Ground-floor two-bedroom retirement flat, purpose-built for over-55s
- Secure gated entrance, emergency pull-cord and resident-only car park
- Small footprint (c.450 sq ft); one double bedroom, L-shaped sitting/dining
- Requires updating: dated 1980s kitchen and coloured bathroom suite
- Electric storage heaters; no gas central heating, possible running costs
- UPVC double glazing; level access from carpark to entrance
- Leasehold: ~91 years remaining; service charge c.£291.32 pcm
- Very slow broadband and local crime above average
This ground-floor, two-bedroom retirement apartment sits in the heart of Launceston, offered with no onward chain and immediate vacant possession. Purpose-built for residents over 55, the block provides secure gated access, emergency pull-cord assistance and a resident-only car park with level access from the carpark to the flat. The accommodation is compact (about 450 sq ft) and practical for someone looking to downsize or for a buy-to-let aimed at older tenants.
The interior requires updating: the kitchen and bathroom are dated 1980s fittings and the property is heated by Economy 7 electric storage heaters. The flat benefits from UPVC double glazing, modest storage and an L-shaped sitting/dining room that provides flexible living space. Service charge and ground rent total approximately £291.32 pcm (c. £3,495.84 annually) and the lease has about 91 years remaining.
Practical considerations are important here. Broadband speeds in the area are very slow, and local crime statistics are above average; both factors may influence suitability for some buyers. The apartment has no private garden and will suit purchasers who prioritise town-centre convenience, accessible parking and built-in emergency support over outdoor space or modern finishes.
For a buyer prepared to refurbish, there is clear potential to improve the kitchen, bathroom and heating to create a comfortable, low-maintenance retirement home or a straightforward letting opportunity in a central Launceston location.
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