2-bedroom flat · TR7 2DQ
Listing removedListed 199 days
Opportunity summary
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About
Private garden with storage | vacant posession with no onward chain | Ground floor two bedroom apartment a two minute walk from Newquay town centre with private rear patio and store.
Mayfield Road is located just a 2 minute walk from the centre of Newquay Town. Mainly used by residents only, the street offers an unusually quiet location for such a central position.
Newquay Town with its vast selection of independent Cafes, Coffee Shops and Bars, improved transport links via the A30 and Newquay Airport, as well as the flexible modern nature of working, has led to an increased number of families moving to the area to enjoy the natural beauty of the coastline on the doorstep.
From the front, the apartment is located on the ground floor with a private access door from the newly decorated communal entrance.
An internal hallway with period flooring provides access to the main bedroom at the front of the building and into the open plan lounge/kitchen.
From the lounge there is also access to the bathroom and second bedroom. From the kitchen, there is a doorway out into the private rear courtyard.
It's a great feature of the property as it is rare for a flat to have external space in the middle of town. There are a couple of storage sheds and a rear access gate.
Tenure Leasehold, share of freehold. The property will be sold on a new 999 year lease. The freehold will be passed to the 3 property owners upon completion of the final unit.
A monthly service charge of £50 is proposed to cover the communal building insurance and to start a sinking fund for future maintenance. There will be no pet or holiday let restriction in the lease.
Services All Mains Council Tax Band A
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.
Area
Agent & docs
FAQ
About 7, Mayfield Road, Newquay
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