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See how verdicts work3-bedroom flat · TR7 1TT
For saleReduced £25.1k (−7.7%) on 8 OctListed 237 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold An immaculately presented three double bedroom ground floor apartment in pentire with own personal entrance. Ensuite to master. Refitted kitchen diner.
South facing position flooded with light. Allocated parking. No onward chain. Situated in the highly desirable Pentire area of Newquay, 2 The Spinnakers offers an enviable coastal lifestyle.
Just moments from the iconic Fistral Beach and the picturesque Gannel Estuary, this location is perfect for those who enjoy scenic coastal walks, watersports, and the vibrant café culture of Newquay town centre, which is within easy reach.
This immaculately presented three-bedroom ground-floor apartment has been beautifully maintained and offers a wonderful blend of space, style, and practicality.
One of its standout features is the convenience of dual access-while the property can be entered via the communal entrance, it also boasts a private front door leading directly from the car park through the living room, adding an extra level of ease and accessibility.
Upon entering through the traditional communal hallway, you are welcomed into a spacious and well-lit entrance hall, offering access to all accommodation, along with two generous storage cupboards, one of which is fitted to accommodate a tumble dryer.
The light-filled living room is a fantastic space for relaxation and entertaining, with ample room for family-sized furniture.
A charming bay window with doors opens onto the front parking area, enhancing the sense of space and natural light.
The open-plan kitchen diner has been recently upgraded with sleek white gloss units, complemented by a ceramic tiled splashback.
It features a comprehensive range of integrated appliances, including a double electric oven, gas hob with extractor hood, stainless steel sink and drainer, dishwasher, and washing machine, with additional space for a fridge-freezer.
The dining area comfortably accommodates a family-sized table, making it a great social hub of the home. There are three generously proportioned double bedrooms, each offering versatility and comfort.
The master bedroom enjoys the luxury of a spacious four-piece ensuite, comprising a panelled bath with shower attachment, a separate shower unit, a pedestal wash hand basin, a low-level W/C, part-tiled walls, and a heated towel rail.
The second bedroom is another well-sized double, while the third bedroom-currently utilised as a stylish home office-features fitted office furniture but can easily revert to a comfortable bedroom.
A modern family bathroom completes the accommodation, featuring a panelled bath with shower over, a pedestal wash hand basin, and a low-level W/C.
Externally, the property benefits from an allocated parking space conveniently positioned at the front, adding to the overall practicality of this fantastic home.
With its prime location, spacious interiors, and high-quality finish throughout, 2 The Spinnakers presents a fantastic opportunity to secure a stylish coastal retreat in one of Newquay’s most sought-after locations.
Find me using WHAT3WORDS: Milder.magnitude.pencil the lease: Length of Lease: 999 Years Lease Start Date: 2004 Ground rent: £150 per annum Service charge & Info: £2436 per annum Freeholder: Spinnakers Management Co ltd Management Company: Penina Property Management Residential letting: Yes Holiday letting: Yes Pets: Yes, with prior consent Any other relevant lease info: All lease info, supplied by vendor, but not verified by sight of the lease, buyers are advised to make confirm any/all crucial lease details in advance of making a material decision.
The lease may be available on request.
EPC Rating: B Entrance Hall (5.08m x 4.80m) Living Room (5.87m x 4.78m) Kitchen/Diner (4.78m x 2.57m) Bedroom One (4.65m x 3.38m) Ensuite (3.38m x 1.70m) Bedroom Two (3.58m x 3.53m) Bedroom Three (3.53m x 2.39m) Bathroom (2.84m x 1.96m) Parking - Allocated Parking Disclaimer Dmcc Act: We have not tested any fixtures, fittings or services, so cannot verify their condition, please check via your solicitor/surveyor.
References to tenure are based on information supplied by the Vendor, again check via your solicitor.
Items shown in photographs are not included unless specifically mentioned in the sales particulars. Before travelling to view, check if the property is available and book an appointment.
All measurements are approximate.
Referrals: We recommend conveyancing, financial services, and surveys to sellers/buyers, you are free to make your own choices, and do not have to accept a recommendation.
If a recommendation is accepted, we receive referral fees ranging from £80 - £200 (fs) £150 + VAT - £210 + VAT (conveyancing) & £100 inc VAT (surveys).
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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About 2 Spinnakers Pentire Avenue, Newquay
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