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See how verdicts work1-bedroom flat · TR7 2LR
For saleReduced £5k (−3.6%) on 8 OctListed 292 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain | stunning sea views | Top floor 1 bedroom flat a short walk from Newquay town centre with access to a large 'loft' storage area and stunning views from the Juliet balcony over Newquay Bay and the North Cornish Coast.
Bay View Terrace occupies a position in the heart of Newquay Town.
Newquay Town has a large collection of independent Cafes, Coffee Shops and Bars has become a very popular tourist and residential destination situated in the middle of the North Cornish Coast.
The owners have really enjoyed having all of the amenities on the doorstep as well as being able to enjoy the natural beauty of the coastline and beaches.
Outside front with a communal door into the communal entrance hallway. The flat door is located on the first floor and has a private stairwell leading to the second floor accommodation.
To the rear is a large attic storage cupboard which has lots of potential for further development if permission can be gained.
The accommodation comprises of a bedroom, shower room and a front aspect open plan lounge/kitchen/diner which has a large window unit, Juliet balcony and stunning views over Newquay Bay and up the North Cornish Coast.
The kitchen has a range of floor and wall mounted units with the lounge having a cupboard housing the electric combi boiler which provides the hot water and central heating throughout.
Tenure Leasehold. Residual of a 999 year lease from 2008 with a Peppercorn Ground Rent.
The Freehold will be passed to the 3 individual flat owners upon completion by the way of directorship of a ltd company, 10 Bay View Terrace Ltd.
Service charge will be set at £80pcm inclusive of building insurance.
Services Mains electric water and drainage Council Tax Band A Agents Notes The photos are from pervious marketing material from 2023 but are a good representation of the condition of the apartment.
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
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FAQ
About Flat 3, 10, Bay View Terrace, Cornwall
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