9-bedroom house · TR7 2QE
For saleListed 142 days
Opportunity summary
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About
Large detached multi-purpose property in eliot gardens with 9 en-suite bedrooms and 2 self contained letting/living units with car parking presented in excellent condition throughout This large property features extremely flexible accommodation and could be used in a number of ways, depending on buyer requirements.
The current owner has operated the premises commercially for a number of Years and has recently down-sized commercial operations and occupies a large proportion of the property for personal use, also leaving the 2 separate units available for letting.
All 9 rooms and one letting unit could be used for commercial letting, with owners accommodation being provided in the remaining 2 bedroom unit.
Alternatively, the main property could be split into units as required or re-modelled with fewer larger bedrooms as a large family home with 2 letting units to the rear.
The space and quality of accommodation on offer, along with the amount of bathrooms offers an endless combination of accommodation to suit many users, be it commercially, residentially or as a fine home and solid income in the centre of Newquay.
Multi-generational occupation is easily achieved here with many different options for teenage or elderly occupation in self-contained private sections.
Guest house numbers in Newquay have considerably diminished over the Years and as such, accommodation in guest houses is in high demand, so there is clear commercial potential to revert to a full 9 bedroom guest house for the busy Summer months.
The property is set in a large and well-tended plot at the start of the ever-popular tree lined Eliot Gardens and comes with a large private rear car park capable of accommodating 9 cars and also providing private outdoor space for the 2 letting units.
One of the upper floor rear aspect bedrooms opens up onto a large rear facing balcony.
The generous and attractive light panelled entrance hall provides access to 3 ground floor en-suite bedrooms, a box bay fronting lounge, a large well equipped kitchen and a laundry room along with a ground floor wc and multi-purpose room previously used a guest dining room, now with a home office.
If required, there is a useful link corridor and door that connects directly into one of the two storey rear letting units, for potential use as connected owners accommodation.
If locked, the unit can be let independently. The other letting unit is not connected and accessed only via the rear car park.
Upstairs in the main house, there are 6 further bedrooms with en-suite facilities, currently being used as an upper apartment with a rear aspect balcony overlooking the rear car park.
The property has been meticulously appointed and maintained over the Years and is offered in excellent condition as a turnkey property for a new owner, whatever form that may take.
All in all, Chynoweth Lodge represents a rare opportunity to acquire a property of this size in excellent condition and with vast potential for a variety of different uses and configurations.
Tenure Freehold Services All mains Business Rates Ubr - £11,500. The commercial element currently qualifies for small business rate relief at 100%.
Council Tax Band A Completion Completion is available at the end of the 2026 Summer Season with vacant possession. Proposed 1st November.
Furniture The Vendor will consider a sale to include most of the furniture, with the exception of personal furniture and items.
Accounts The vendor has decreased business volumes in recent Years and now only lets the 2 self-contained units and 3 ground floor letting rooms for the Summer Season.
Accounts at current trading volumes are available, but they will not show the full letting potential of a more commercial operation. Energy Performance Certificates Main House - C Chynoweth Mews - D
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.
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FAQ
About 1, Eliot Gardens, Newquay
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