2-bedroom flat · TR7 1UJ
For saleListed 108 days
Opportunity summary
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About
A beautifully positioned two-bedroom retirement apartment enjoying wonderful views across towan beach, newquay harbour and newquay bay.
Chain free and set within one of newquay's most desirable retirement developments, right in the heart of the town.
There are few retirement developments in Newquay that can rival the setting of Penhaven Court.
Occupying an enviable elevated position above Towan Beach and Newquay Harbour, it combines wonderful coastal views with an incredibly convenient location, placing the town centre, shops, cafés, restaurants and many everyday amenities within easy walking distance.
Designed exclusively for the over 60s, Penhaven Court has earned an excellent reputation for its friendly community, well maintained communal facilities and the reassurance of independent retirement living in a secure environment.
Occupying a particularly desirable position within the development, this beautifully presented apartment enjoys delightful views across Towan Beach, the picturesque harbour and Newquay Bay.
The ever-changing outlook creates a wonderful backdrop to everyday life, whether watching the tide roll in, the activity around the harbour or simply sitting back and enjoying the scenery from the comfort of your own home.
The accommodation is both bright and surprisingly spacious, centred around a lovely dual aspect living room that immediately draws your attention to the view beyond.
There is plenty of room for both comfortable seating and a dining table, perfectly positioned to make the most of the outlook, while a feature fireplace provides an attractive focal point, creating a warm and homely feel.
An open archway leads naturally through to the adjoining kitchen, fitted with a modern range of white units, generous worktop space, an integrated electric oven and hob, together with space for further appliances and a window providing excellent natural light.
Unlike many retirement apartments, this home benefits from two genuine bedrooms, making it ideal for those wanting extra space or somewhere comfortable for visiting family and friends to stay.
The generous master bedroom features fitted mirrored wardrobes, while the second bedroom offers excellent flexibility as a guest room, study or hobbies room.
Completing the accommodation is a well-appointed shower room fitted with a large shower enclosure, vanity wash basin, WC, heated towel rail and useful storage.
Penhaven Court provides an excellent range of communal facilities including a welcoming residents' lounge, communal laundry, guest suite for visiting family and friends, Development Manager, lift access throughout the building and a 24-hour emergency call system, all designed to offer peace of mind whilst maintaining independent living.
Residents also benefit from communal parking, available on a first come, first served basis.
Offered to the market with no onward chain, this is a rare opportunity to acquire a spacious two-bedroom retirement apartment in one of Newquay's most sought-after developments, where the exceptional location, wonderful coastal outlook and excellent communal facilities combine to create an enviable lifestyle.
The property is held on the remainder of a 125-year lease from 1st November 1988.
The current ground rent is £244.52 payable twice yearly (£489.04 per annum), with no scheduled ground rent review, and the annual service charge is £5,576.00.
The freeholder is Proxima gr Properties Limited, with FirstPort acting as the management company. Residential letting is permitted, although holiday letting is prohibited.
Pets are allowed, subject to the freeholder's prior consent.
Please note that the development is age restricted, with residents required to be aged 60 or over, although where occupied by a couple, one resident must be at least 60 years old and the other at least 55 years old.
Find me using WHAT3WORDS: Quilt.trophy.piles EPC Rating: B Lounge/Diner (4.62m x 4.17m) Kitchen (2.24m x 1.78m) Bedroom 1 (4.55m x 2.79m) Bedroom 2 (4.22m x 2.26m) Shower Room (2.24m x 2.06m) 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
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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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