1-bedroom flat · TR7 2NJ
For saleReduced £5k (−3.5%) on 28 SepListed 78 days
Opportunity summary
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About
A beautifully presented first floor one double bedroom apartment, thoughtfully updated with contemporary refitted kitchen, new flooring and the added benefit of loft storage.
Perfectly positioned just moments from newquay's stunning beaches, trenance park and the town centre, the property also benefits from gas central heating, share of freehold and an allocated parking space.
Apartment 6 Oceanis is an immaculately presented first-floor apartment forming part of this popular development, ideally situated within easy walking distance of Newquay's vibrant town centre, beautiful beaches, spectacular coastline and the picturesque Trenance Gardens and Park.
Since purchasing the property, the current owner has tastefully modernised the apartment to create a stylish, turnkey home.
The standout improvement is the contemporary refitted kitchen, finished with modern cabinetry, integrated oven, hob and extractor, together with space for additional appliances.
Complemented by new flooring throughout, the apartment has a fresh, modern feel and is ready to move straight into.
The bright open-plan living space enjoys an abundance of natural light and offers plenty of room for both relaxing and dining.
A fantastic bonus is the access to a part-boarded loft space via a pull-down loft ladder from the main living area, providing valuable additional storage that is rarely found in apartments of this type.
The generous double bedroom is light and inviting, while the stylish shower room is fully tiled and fitted with a mains-fed shower, creating a practical and low-maintenance space.
Oceanis is a well-maintained development of just eight apartments, converted in 2007.
Each owner benefits from a one-eighth share of the freehold, giving residents greater control over the management of the building, whilst Belmont Property Management (Truro) acts as the managing agent.
The lease was granted for a term of 125 years from 2007. The current service charge is approximately £820 per annum, covering buildings insurance and the maintenance of the communal areas.
There is also a yearly Ground rent of £120 payable.
Residential letting and pets are permitted, however holiday letting is not permitted, making the property ideally suited to owner-occupiers or those seeking a long-term residential investment.
Further benefits include uPVC double glazing, gas-fired central heating, a secure communal entrance with intercom system and one allocated parking space within the residents' car park.
A superb opportunity to acquire a stylish, low-maintenance apartment in one of Newquay's most convenient and sought-after locations.
Find me using WHAT3WORDS: Sample.dancer.racks EPC Rating: C Entrance Hall (1.14m x 1.04m) Open Plan Lounge/Kitchen (6.12m x 2.79m) Max Measurements.
Bedroom 1 (2.87m x 2.16m) Shower Room (1.96m x 1.25m) Parking - Allocated Parking Disclaimer Dmcc Act 2024: We have not tested any fixtures, fittings, or services and cannot verify their condition, so please confirm with your solicitor or surveyor.
Tenure references are based on Vendor information and should also be checked with your solicitor. Items in photographs are not included unless stated in the sales particulars.
Before visiting, confirm availability and book an appointment. All measurements are approximate.
Referrals: We may recommend conveyancing, financial services, and surveys, but you are free to choose your own providers; if accepted, we receive referral fees of £80–£200 (fs), £150+VAT–£210+VAT (conveyancing), £100 inc VAT (surveys).
Mlr 2017: Buyers must complete legally required aml checks via Lifetime Legal (£60 inc VAT) before a sales memorandum can be issued.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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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FAQ
About 6 Oceanis Edgcumbe Avenue, Newquay
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