Summary - 82 Chapel Field PL25 3ES
1 bed 1 bath Flat
Chain-free one-bedroom investment with strong projected yield.
Long 990-year lease from point of sale
A compact one-bedroom first-floor flat in St Austell offered with no onward chain and a long 990-year lease from completion. The property is currently let or marketable to rent with an expected income of about £675 pcm, presenting a strong headline yield for an investor prepared to complete cosmetic works.
The accommodation is small but practical: lounge, kitchen, double bedroom and bathroom. The flat has double glazing throughout and mains services are connected; heating previously used warm-air/electric units and a working heating system will need confirming. The building appears structurally sound but the interior requires cosmetic modernisation — new flooring, kitchen upgrade and decorating are needed to bring rental or resale value up.
Practicalities suit buy-to-let buyers: low annual service charge (£330.24), Council Tax Band A and no significant flooding or building-safety issues recorded. There is no allocated parking so tenants will use on-street parking nearby. The wider area serves ageing communities and families and is within walking distance of local shops, schools and public transport links to St Austell town centre.
Important negatives: the flat is small (around 46 sqm / 498–517 sq ft) and requires renovation to achieve advertised rents. Broadband is average and the area is described as deprived, which may affect tenant demand and long-term capital growth. Prospective buyers should verify heating condition, damp risk and obtain trade quotes before purchase.
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