2-bedroom flat · SA70 7AQ
For saleReduced £5k (−1%) on 6 JulListed 537 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A luxury 2-bedroom apartment, overlooking Tenby's award-winning South Beach.
The property is on the 2nd floor and boasts spectacular views over Tenby's golf course to the headland, beach, and Caldey Island.
The apartment is immaculately presented and boasts parking, lift access, underfloor heating, a modern open plan living area with 2 balconies, 2 bedrooms (master en-suite) and bathroom.
The beach is just a short walk away, and Tenby's mediaeval walled town centre is a bit further along the iconic Esplanade.
Waterstone House was developed in 2016 on the site of the Kinloch Court and is one of the most sought-after locations in town for luxury apartment living.
Open Plan Living Area A spacious room comprising of a lounge space, dining area and kitchen.
There are bi-fold doors to the front, opening to a Juliette balcony offering views out over the golf course to Penally and Tenby's South Beach.
A door leads out to the balcony with space for table and chairs.
The kitchen is fully equipped with a central island and extractor over, and offers integrated appliances such as oven, microwave/grill, dishwasher, full height fridge and freezer, with marble work tops.
Balcony The balcony to the front offers ample space to sit and enjoy the views. There is a stylish glass balustrade, composite wood effect flooring, and outside lights for the evenings.
The balcony is accessed off the lounge and both bedrooms. Bedroom One (2.7x 3.5 (8'10"x 11'5")) A spacious double bedroom, with built in storage and an ensuite shower room.
Bi-fold doors lead out to the balcony.
En Suite (2.8 x 1,2 (9'2" x 3'3", 6'6")) The shower room is fully tiled, and has a shower enclosure with mains shower, WC, wash hand basin, heated towel rail and mirror cabinet.
Bedroom Two (3.5 x 2.7 (11'5" x 8'10")) A second double bedroom (currently with twin beds) with bi-fold doors leading out to a balcony.
Bathroom (2.3 x 1.5 (7'6" x 4'11")) The modern bathroom is fully tiled and has a bath with shower over and glass screen, wash hand basin, WC and towel radiator.
Please Note The property is owned on a leasehold basis, with a 999-year lease term from 2016. The service charge and sinking fund for 2024 is approximately £3424.46.
There is an annual ground rent of £250, but this is not collected. Commercial holiday letting allowed. Pets allowed with Freeholder consent.
The property is currently a successful holiday let and on business rates, but the Council tax band is H. We are advised that mains electric, gas, water and drainage is connected to the property.
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.
Area
Agent & docs
FAQ
About 11, Waterstone House, Battery Road, Tenby
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