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 work1-bedroom flat · TR7 1RS
For saleReduced £5k (−4%) on 12 OctListed 251 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold A centrally located apartment with one double bedroom, private access, small patio courtyard & off-street parking - no ongoing chain!
Tucked away just off St Thomas Road, in a quiet and convenient position close to the town centre, this superb ground floor apartment enjoys the perfect balance of accessibility and privacy.
Situated to the rear of the development on a peaceful side street, the property is within easy walking distance of a wide range of shops, cafés, transport links and everyday amenities.
Offered with vacant possession and no onward chain, the apartment presents an outstanding opportunity for first-time buyers, buy-to-let investors, those seeking a lock-up-and-leave second home, or a potentially lucrative holiday let.
Beautifully presented and thoughtfully designed, the property benefits from its own private entrance, allocated off-street parking and private outdoor space - a rare combination that delivers both privacy and practicality.
The private entrance opens directly into a bright and generously proportioned open-plan living/dining/kitchen area, extending to nearly 18ft in length.
The contemporary kitchen is fitted with a stylish range of white gloss units complemented by oak work surfaces, an integrated oven, hob and extractor, with additional space for a washer dryer and fridge freezer.
The living area comfortably accommodates lounge furniture and a dining table, creating a versatile and sociable living space.
The bedroom is accessed from the main living area and offers a cosy yet practical layout, while the modern shower room features a sleek white suite comprising a wash basin, WC and separate shower enclosure.
Further benefits include UPVC double glazing and electric panel heating throughout.
Externally, the property benefits from a private paved patio area, perfectly suited for outdoor seating and entertaining, together with a hardstanding that provides convenient allocated off-street parking.
The property is held on an attractive 999-year lease from 2004, with a peppercorn ground rent and a service charge (including building insurance).
Both residential and holiday letting are permitted, and pets are allowed subject to freeholder consent - enhancing both lifestyle flexibility and investment appeal.
With its long lease and flexible usage options, this property represents a highly appealing and secure purchase. Early viewing is highly recommended.
The Lease: 999 Year Lease effective from 2004 Ground Rent: Peppercorn Service charge: £380 Per annum inc Building Insurance Residential letting: Yes Holiday letting: Yes Pets: Yes (with permission of the freeholder) find me using WHAT3WORDS: Dripped.rope.amps EPC Rating: D Open Plan Lounge/Kitchen/Diner (5.44m x 2.64m) Bedroom (2.69m x 2.31m) Shower Room (1.96m x 1.78m) L-Shaped Maximum Measurements Parking - Allocated Parking 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
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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.
Area
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FAQ
About Flat 2 3 St Thomas Road, Newquay, Newquay
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