2-bedroom house · TR8 5FU
Listing removedListed 163 days
Opportunity summary
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About
This property is a shared ownership and perspective buyers would need to meet a set criteria to be eligible.
This well presented modern terraced two double bedroom house, with lounge, fitted kitchen, bathroom, ground floor cloakroom, has uPVC double glazing and electric air source central heating.
Outside there is an enclosed rear garden, storage shed, and allocated parking for two cars.
Viewing is recommended - Chain free Situated on the outskirts of the popular coastal village, with distant sea views from the first floor.
Crantock provides for most day to day requirements, with facilities including post office/general store, village hall and church.
Crantock beach is within half a mile, and Newquay is within three miles.
The property is for sale via a 'shared ownership' basis' for buyers with a 'local area connection to Crantock in the first instance, it will open up to applicants with a secondary connection to Cornwall.
Details regarding eligibility and costs below:- The share purchase price is calculated using the full market value and the percentage share purchased.
Based on a 50% share, the share purchase price will be £147,500 and the rent will be £339.07 a month.
There is an option to staircase, and increase the purchased share of the property up to 100% full price of £295,000.
Rent & Service Charge information below:- Rent: £339.07pm Building Insurance: £10.41pm Estate Management Charge: £28.95pm Total: £378.43pm Please note these are the charges paid by the current vendor and are subject to review once a year in April.
Further information can be sourced by your solicitor when purchasing. Reception Hall (3.58m x 1.12m) Part double glazed entrance door. Radiator.
Doors into cloakroom, and lounge, stairs to first floor landing. Cloakroom (1.68m x 0.91m) Incorporating, low level flush WC, and wash hand basin. Radiator. Extractor.
Lounge (4.8m x 4.8m) UPVC double glazed window and French doors to rear garden. Two radiators. Storage cupboard. Open plan onto kitchen.
Kitchen (3.38m x 2.54m) Incorporating modern fitted kitchen comprising seven base units, four wall cupboards, and three drawers, with work surfaces over, inset single sink and drainer.
Built in electric oven with four ring hob and extractor over. Upright fridge/freezer. First Floor Landing (2.2m x 0.91m) Built in cupboard 3'6'' x 2'6''. Doors into two bedrooms and bathroom.
Bedroom One (4.75m x 2.9m) Two uPVC double glazed windows to rear. Radiator.
Bathroom (2.44m x 2.24m) Incorporating panelled bath, with glazed shower screen over, low level flush WC and wash hand basin. Ladder style heated towel rail.
Bedroom Two (4.78m x 2.87m) Two uPVC double glazed windows to front. Radiator.
Outside Front Store Room (1m x 1m) Enclosed Rear Garden (9.14m x 5.18m) Laid mainly to lawn, with paving and steps leading to the storage shed, and parking area.
Two Parking Spaces Pair of level parking spaces. Nb 50% shared ownership Westwood Housing.
(Rent £4,068pa(£339.07pm) Buildings Insurance £124.92pa(£10.41pm) Estate Management Charge £347.40pa(£28.95pm)
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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, Pipers Parade, Newquay
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