1-bedroom flat · TR7 2DD
For saleListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CHAIN FREE. This third floor apartment is located within a popular retirement building above Newquay Town Centre with a conveniently located bus stop to the front of the building.
The property comprises a spacious lounge/dining room, fitted kitchen, shower room and double bedroom. The apartment has uPVC double glazing and electric heating throughout.
The building offers residents the use of a communal lounge where daily and weekly events are held including bingo and film nights, a laundry room, gardens and a guest suite.
There is a telephone entry system, 24 hour care line support and a lift to all floors. Early viewing is highly recommended.
Agents Note - Supplied services and appliances have not been tested by the agent. Prospective purchasers are advised to make their own enquiries.
Location - This beautifully presented one bedroom retirement apartment can be found on Mount Wise which is at the top of the town in Newquay.
The apartments benefit from having communal gardens, laundry room, communal lounge and a guest suite for visitors. There is a house manager and you have the benefit of 24 hours careline support.
The town of Newquay benefits from a range of shopping and banking facilities as well as an array of fashionable bars and restaurants.
The town also boasts an historic picturesque working fishing harbour and some of Europe's finest coastline.
There is bus and rail service to outlying areas and Newquay Airport is approximately seven miles distance from the town. Entrance Hall - 2.36m x 2.08m (7'09 x 6'10 ) - Wooden door to communal hallway.
Storage cupboard house hot water system. Additional storage cupboard. Emergency pull cord. Doors to subsequent accommodation.
Lounge Dining Room - 5.92m x 3.05m;2.44m (19'05 x 10;08 ) - Double glazed window to the front elevation enjoying countrywide views. Electric wall mounted heater.
Wooden singled glazed doors to kitchen. Kitchen - 2.31m x 2.18m (7'07 x 7'02) - Double glazed window to the front elevation enjoying countrywide views.
A fitted kitchen with a range of base and wall units with roll top work surfaces over inset stainless steel unit with mixer tap. Inset electric oven, hob and extractor. Space for fridge and freezer.
Part tiled walls. Bedroom - 4.78m x 2.74m (15'08 x 9'00) - Double glazed window to the front elevation enjoying countrywide views. Electric wall mounted.
Fitted wardrobes with bi-folding mirrored doors. Shower Room - Walk in shower cubical with mains overhead shower and sliding door screen. Low level WC with dual flush.
Wash hand basin set within a vanity unit. Electric wall mounted heater.
Leasehold Information - Ground Rent per annum £774 Service Charge per annum £3500 Services - The following services can be found at the property: mains electric, water and drainage, however, we have not verified any of the connections.
Council Tax Band B -
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 Mount Wise, Newquay
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