We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work9-bedroom terraced house · TR7 1RJ
For saleListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
David Ball Agencies are delighted to offer for sale this former guesthouse currently operating as a very successful HMO for university students.
This property could revert back to a substantial family home. Located in a prime location in Newquay town close to the railway station, beaches and town centre. Early viewing is highly recommended.
Agents Note - Supplied services and appliances have not been tested by the agent. Prospective purchasers are advised to make their own enquiries.
The Situation - Fairview Terrace is a centrally located residential street in Newquay, Cornwall situated within a short walking distance of the town centre and in close proximity to Newquay Railway Station and Great Western Beach.
The Property - A double fronted substantial property currently operating as a successful HMO for university students in the heart of Newquay.
There is also a one bedroom owners accommodation providing scope for further income. Kandi Lodge - Double fronted property with double glazed bay windows. Outside space to the front for bin store.
Double glazed door providing access to entrance hall. Inner Hallway - Wooden effect flooring. Radiator. High level cupboard housing electric meters. Fire alarm. Fire extinguisher.
Doors leading to subsequent accommodation. Communal Kitchen/Seating Area - Double glazed bay windows to the front elevation. Three stand alone fridge freezers. Two dining tables and chairs.
Two bench seats. A range of kitchen units with base, wall and drawers with roll top work surfaces. Stainless steel double sink with drainer and mixer tap over. Freestanding electric cooker. Two sofas.
Shelving. laminate flooring. Range of power points. Fluorescent strip lighting. Ceiling mounted smoke detectors. Built in storage cupboard housing back boiler Baxi Bermuda. Radiator.
Fire extinguishers. Door leading to owners accommodation. Rear Flat (Owners Accommodation) - Accessed via the rear service lane, having two parking spaces. Wooden gate leading to courtyard.
Two large wooden storage sheds to the rear. Double glazed door leading to kitchen area and bedroom. Bedroom - Double glazed window to the side. Ceiling mounted light fitting. Power points.
Kitchen - Range of base, wall and drawer units with roll top work surface over. Electric oven with four ring hob and extractor hood over. Tiled splash back. Sky light.
Stainless steel double sink and drainer with mixer tap over. Door to Storage Area/Hall - Double fire doors leading to the communal kitchen. Ceiling mounted light fitting. Range of shelving.
High level fuse box. Wooden effect flooring. Leading to Lounge - Ceiling mounted spot lighting. Double glazed obscure window to the rear. Radiator.
Door to Bathroom - Single glazed obscure window to the side. Low level WC with top flush. Shower cubicle with electric shower, hose and head. Wash hand basin with mixer tap.
step down to storage area with shelving. Ground Floor Storage - Formally a WC but now used for storage but could easily be reverted. Lighting.
Room Two (Ground Floor) - Double glazed bay window to the front aspect. Radiator. Ceiling mounted light fitting. Wooden flooring. Power points. Shelving. Door to En-suite. Low level WC with top flush.
Pedestal wash hand basin with hot and cold taps. Shower cubicle with electric shower hose and head. Non slip flooring. Mirror.
Stairs Rising To First Floor - Wc - Obscure double glazed window to the side aspect. Low level WC with top flush. Ceiling light fitting. Shower Room - Obscure double glazed window to the side.
Shower with hose and head. Ceiling mounted lighting. Boiler Cupboard - Room Three - Double glazed window to the rear. Radiator. Ceiling mounted light fitting. Alcove with storage.
Wooden effect flooring. Door to En-Suite Vanity style sink unit with hot and cold mixer tap. Shower cubicle with mains fed shower, hose and head. Room Four - Double glazed window to the rear.
Pedestal sink with hot and cold mixer tap. Ceiling mounted light fitting. Radiator. Wooden effect flooring. Mirror. Door to En-Suite Low level WC with top flush. Shower cubicle with hose and head.
Extractor fan. Room Five - Double glazed bay window to the front. Radiator. Wooden effect flooring. Ceiling mounted light fitting. Range of power points. Wall mounted coat hooks.
Door to En-Suite Shower cubicle with shower hose and head. Low level WC with top flush. Extractor. Ceiling mounted light fitting. Room Six (Storage) - Currently used for storage.
Double glazed window to the front. Vanity sink unit with hot and cold taps. Non-Slip flooring. Shelving. Ceiling mounted light fitting. Radiator. Room Seven - Double glazed window to the front aspect.
Radiator. Wooden effect flooring. Ceiling mounted light fitting. Wall mounted coat hooks. Shelving. Mirror. Power points. Door to En-Suite Low level WC with top flush.
Pedestal wash hand basin with hot and cold taps with mirror over. Shower cubicle with electric shower, hose and head. Stairs Rising To Second Floor - Landing - Storage cupboard with shelving.
Further storage cupboard. Electric fuse box. Sky light. Fire Extinguishers. Room Eight - Double glazed window to the side. Double glazed window to the rear. Electric wall mounted heater. Shelving.
Wooden effect flooring. Range of power points. Door to En-Suite Low level WC with top flush. Wall mounted sink with hot and cold taps and mirror over. Shower cubicle with hose and head.
Room Nine - Double glazed window to the front. Ceiling mounted light fitting. Shelving. Electric wall mounted heater. Mirror. Wooden effect flooring. Power points.
Door to En-Suite Corner shower cubicle with shower, hose and head. Velux window. Pedestal wash hand basin with hot and cold taps. Low level WC with top flush. Non slip flooring.
Room Ten - Double glazed window to the front. Ceiling mounted light fitting. Wooden effect flooring. Electric wall mounted heater. Range of power points. Door to En-Suite Velux window.
Shower cubicle with shower hose and head. Low level WC with top flush. Shelving over. Non-slip flooring.
Outside To The Rear Of The Property - Access lane to the rear of the property provides access to parking for two vehicles plus access to owners accommodation.
Agents Note - Currently licenced for 8 HMO letting rooms. There 9 rooms in total plus one bedroom owners flat. This property could easily be reverted back to a 9 bedroom guest house.
This property is being offered fully furnished and is a turnkey business.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About Fairview Terrace, Newquay
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