1-bedroom flat · TR7 2DQ
For saleListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment opportunity | vacant posession with no onward chain| First floor 1 bedroom apartment 2 minutes walk from Newquay Town Centre.
The apartment is in good condition throughout and comes with an allocated parking space. Mayfield Road is located just a 2 minute walk from the centre of Newquay Town.
Mainly used by residents only, the street offers an unusually quiet location for such a central position.
Newquay Town with its vast selection of independent Cafes, Coffee Shops and Bars, improved transport links via the A30 and Newquay Airport.
UPVC front block entrance door to a small communal vestibule. Cupboard housing the electric meters for the block and staircase ascending to the first floor.
Private flat door entrance into the: Hallway Access to the: Bedroom (3.23m x 2.11m (10'7 x 6'11)) Rear aspect window. Electric radiator. Multiple double socket points. Central ceiling light.
Lounge/Kitchen (6.65m x 2.79m (21'10 x 9'2)) Side and rear aspect windows. Kitchen comprises of a range of wall and floor mounted cream kitchen units with a brushed stainless steel handle.
Woodblock effect laminate worktop with a undercounter recess for a fridge and freezer. Electric oven with four point hob unit over and brushed stainless steel and glass canopy over.
Natural stone effect tile surround. Lounge Section Multiple double socket points. Central ceiling light. Electric radiator. TV aerial point.
Shower Room (2.13m x 1.57m (7' x 5'2)) Floor to ceiling marble effect ceramic tile surround. Side aspect diffused glass window. Pedestal basin. Low level WC. Corner shower with a Triton shower over.
Central ceiling light. Extractor fan. Floor laid to water effect lino. Tenure Leasehold.
The property has 987 years left of the original 999 year lease with a peppercorn ground rent and maintenance charge of £40pcm. Pets are permitted with prior consent from the freeholder.
Holiday lets are permitted. Services All mains Council Tax Band A
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 Flat 4, 8, Mayfield Road, Newquay
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