Summary - CEDAR COURT FLAT 3 TOLGARRICK ROAD TUCKINGMILL CAMBORNE TR14 8NH
1 bed 1 bath Flat
Income-producing one-bedroom with parking and immediate rental return.
- One double bedroom ground-floor apartment with open-plan living
- Long-standing tenant in place paying £725 pcm (10.2% yield)
- Allocated off-street parking within communal courtyard
- EPC rating F and electric room heating (likely higher running costs)
- Lease approximately 62 years — may restrict mortgage availability
- Service charge £720pa and ground rent £25pa (modest)
- Medium flood risk and above-average local crime rates
- Very slow broadband speeds; improvement likely needed
A ground-floor one-bedroom apartment in a handsome Victorian corner building, offered with a long-standing tenant in situ and no onward chain. The property includes an allocated off-street parking space, open-plan living with fitted kitchen units, a wet room and double glazing. The tenant pays £725 pcm, giving a reported yield around 10.2% at the asking price.
This is a straightforward buy-to-let for an investor seeking immediate income. The council tax is low (Band A) and the service charge and ground rent are modest, helping to keep running costs down. The building’s period character adds kerb appeal.
Buyers must account for clear constraints: the lease has about 62 years remaining, which may prevent some mortgage lenders from offering finance. The Energy Performance Certificate is an F and heating is by electric room heaters, so running costs may be high and improvement work (insulation, heating upgrade, possible wall insulation) should be budgeted for.
Other practical matters include medium flood risk for the area, above-average local crime levels, and very slow broadband speeds. These factors affect tenant attractiveness and future capital growth, so consider long-term exit plans and refurbishment scope before bidding.
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