Description
Nestled in the heart of St Austell, this St Austell investment property offers a rare institutional-grade portfolio. Comprising two neighboring blocks, the asset secures immediate cash flow while providing straightforward rent-optimization upside. In addition, at a guide price of £1.4 million. Being priced 15% below its professional valuation—the portfolio delivers £120,000 per annum in rent, reflecting an 8.8% gross yield that outperforms the Cornwall buy-to-let average of 5–6% and even holiday-let yields of 7.8%. A modest 5% rent increase (just £33/unit per month) lifts the yield to 9%, unlocking further value. All 15 units are under assured shorthold tenancies, with the majority on rolling terms, minimizing void risk and re-letting costs. Managed locally by an experienced agent, the blocks benefit from professional oversight, low operating costs, and straightforward freehold ownership.Why This Portfolio Stands Out: • Firstly, Above-market yield (8.8% vs. Cornwall avg. 5–6%) • Secondly, Immediate upside to 9%+ with minimal effort • Third of all, RICS-backed concession offers built-in value • In addition, Scale & diversification across 15 unitsDiscover local amenities in our St Austell Area Guide or visit Cornwall Council’s site (https://www.cornwall.gov.uk/) for planning insights.
Key Takeaways:
• 15 fully tenanted units, generating £10,000+ per month • Guide Price: £1,400,000 (15% below RICS Value £1.65m) • Current Yield: 8.8%, with easy path to 9%+ • Company purchase offers significant SDLT savingsThis exclusive off-market opportunity comprises two freehold residential blocks in St Austell, Cornwall, for £1,400,000 by Private Treaty. The portfolio delivers a current gross yield of 8.8% on 15 fully tenanted ASTs (majority rolling), with minimal void risk and upside to exceed 9% through modest rent increases.
Income Analysis
| Metric | Value |
|---|---|
| Current Monthly Rent (Total) | £10,000+ |
| Current Annual Income | £120,000 |
| Calculated Gross Yield | 8.57% |
| Required Annual Income for 9% | £126,000 |
| Monthly Rent Increase per Unit | £33 (5% uplift) |
| New Rent per Unit for 9% Yield | £700/m |
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[caption id="attachment_16405" align="alignleft" width="600"]  Side-by-side bar charts: Left compares rental yield for four property types in Chorley Town Centre. Right details financial returns, highlighting a £280,000 total—an attractive mixed-use investment opportunity. Presented by Palace Auctions[/caption]
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| Figure: Income required to hit target yields and rent-uplift strategy |
