2-bedroom flat · TR7 1TG
For saleReduced £5k (−2.6%) on 20 JunListed 455 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold A modern, second floor two bedroom retirement flat in A convenient central newquay location with private west facing balcony and lovely sea views over newquay harbour.
Chymedden is arguably Newquay's most sought after retirement development situated just off the edge of the main town centre, in front of the beautiful Newquay Killacourt with views over Newquay Bay.
This property benefits from such views from a wonderful West facing balcony. The property is an in-demand two bedroom design and situated on the second floor.
Chymedden is a retirement specific development of secure and safe apartments specifically catering for the over 60's market with great on site facilities that includes a full time Resident House Manager.
Number 24 has its own private entrance into a spacious hallway which also includes loft access. Access to all of the accommodations rooms can be found from the hallway.
The main living space is a large open plan L shaped lounge/diner/kitchen.
The kitchen has been upgraded with a modern range of sleek cream coloured gloss finish units with integrated, oven, hob, extractor and breakfast bar separating into the living /diner.
There is ample space for both living and dining furniture and there are dual aspect windows providing lots of light on the southerly and westerly aspects.
From the living section there are sliding patio doors onto a west facing sunny balcony that is private and enclosed.
From here there are stunning sea views over the Killacourt towards Newquay Bay and the surrounding coastline which includes the historic and iconic Huers Hut.
There are two bedrooms, both of a good size and a fully refitted double shower suite with modern white fittings and easy clean splash back surfaces.
Throughout the property there are careline pull cords which operate a 24 hour service. The property also has video/intercom which releases the front entrance to the main building.
Other onsite communal facilities include the Residents lounge which has access to a sea facing patio which has absolutely stunning sea views.
There is a beauty room, laundry room, basement store where each flat has its own allocated storage section, Residents car park on a first come first serve basis, lift to all floors and as mentioned a full time House Manager.
The property is held on a remainder of a 999 year lease, the Residents run the Management Company themselves which is known as Chymedden rtm.
The Ground Rent is set at £60 per annum and the Service Charge currently stands at £264.61 pcm, this includes access and usage of all communal facilities.
It includes water rates, building insurance and the upkeep of the building generally, it even includes window cleaning.
Two bed, sea facing flats in this development are rare to the open market and we expect great demand for this particular property. Viewing essential.
EPC Rating: D Hallway (3.66m x 3.05m) L Shaped Maximum Measurements Open Plan Lounge/Diner/Kitchen (6.48m x 4.90m) L Shaped Maximum Measurements Bedroom One (3.28m x 2.87m) Bedroom Two (3.28m x 2.49m) Shower Room (2.06m x 1.42m) Balcony (2.18m x 1.37m) Parking - Allocated Parking Residents Car Park which is 1st come 1st served Disclaimer Dmcc Act: We have not tested any fixtures, fittings or services, so cannot verify their condition, please check via your solicitor/surveyor.
References to tenure are based on information supplied by the Vendor, again check via your solicitor.
Items shown in photographs are not included unless specifically mentioned in the sales particulars. Before travelling to view, check if the property is available and book an appointment.
All measurements are approximate.
Referrals: We recommend conveyancing, financial services, and surveys to sellers/buyers, you are free to make your own choices, and do not have to accept a recommendation.
If a recommendation is accepted, we receive referral fees ranging from £80 - £200 (fs) £150 + VAT - £210 + VAT (conveyancing) & £100 inc VAT (surveys).
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Area
Agent & docs
FAQ
About 24 Chymedden Flats, Newquay, Newquay
Explore nearby