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See how verdicts work2-bedroom flat · PL23 1DB
For saleListed 644 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom 2nd floor apartment located close to the centre of town. Leasehold on the remains of A 999 year lease from 2005.
This appartment would make an ideal second home/bolt hole or A long term let. Vacant possession. The Location Fowey is regarded as one of the most attractive waterside communities in the county.
Particularly well known as a popular sailing centre, the town has two thriving sailing clubs, a famous annual Regatta and excellent facilities for the keen yachtsman.
For a small town Fowey provides a good range of shops and businesses catering for most day to day needs.
The immediate area is surrounded by many miles of delightful coast and countryside much of which is in the ownership of the National Trust.
Award winning restaurants, small boutique hotels, excellent public houses etc, have helped to establish Fowey as a popular, high quality, destination.
There are several excellent golf courses within easy reach, many world class gardens are to be found in the immediate area and the fascinating Eden Project with its futuristic biomes is just 5 miles to the north west.
There are good road links to the motorway system via the A38/A30. Railway links to London, Paddington, can be made locally at Par, and St.
Austell and there are flights to London and other destinations from Newquay. The Property A two bedroom apartment situated close to the centre of town.
A communal door from North Street provides access to a communal hallway. Granite steps lead up to the front door of Apartment 4.
Once inside the apartment stairs lead to the first floor opening to a spacious landing area with doors to all further rooms.
The open plan living accommodation has a window to the front elevation with kitchen units to the rear wall and side wall and breakfast bar.
Bedroom one is located to the front of the property and a window to the front elevation, built in storage cupboard. The bathroom has bath, WC and wash basin and will require modernisation.
A further bedroom is located to the rear of the property with windows to both side and front elevations.
Council Tax - B Epc - C Viewing Strictly by appointment with the Sole Agents: May Whetter & Grose, Estuary House, Fore Street, Fowey, Cornwall, PL23 1AH.
Tel: Email: Services None of the services, systems or appliances at the property have been tested by the Agents.
Leasehold Share of Freehold Remaining 999 year lease from 2005 Service Charge - £500.00 per annum Agents Note This apartment has a restricted covenant which does not allow holiday letting.
Viewing Strictly by appointment with the Sole Agents: May Whetter & Grose, Estuary House, Fore Street, Fowey, Cornwall, PL23 1AH.
Tel: Email: Services None of the services, systems or appliances at the property have been tested by the Agents. Local Authority Cornwall Council, 39 Penwinnick Road, St Austell, Cornwall, PL25 5DR
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
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FAQ
About Flat 4, Sibbald House, North Street, Fowey
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