1-bedroom flat · TR7 2DE
For saleReduced £3k (−1.8%) on 3 AugListed 176 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning loft style apartment in Newquay Town presented in immaculate condition with a well-appointed kitchen incorporating a stunning living edge breakfast bar and views up the North Cornish Coast from the living area.
Chegwin Court is located at the end of a cul-de-sac just a 2 minute walk from the centre of Newquay Town.
Mainly used by residents, 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, as well as the flexible modern nature of working, has led to an increased number of active couples moving to the area to enjoy the natural beauty of the coastline on the doorstep which the apartment if perfect for.
From the communal front entrance a nice bright stairwell provides access to the private flat entrance door. The light entrance hall provides access to all rooms.
The first room to the left is the immaculately presented bathroom which provides a full length bath with mains power shower over and a matching vanity unit housing the basin and concealed cistern WC.
A large window to the rear provides plenty of natural light and views over the neighbouring countryside. Adjacent to the bathroom is the double bedroom.
The room has a useful dressing table built in under the front aspect window providing views up the North Cornish Coast and a further selection on open plan hanging closets which keeps the sense of space in the room.
From the main hall, directly in front is the open plan lounge/kitchen/diner.
Being under the eaves it has a very unique feel, but a great sense of space thanks to the Velux windows on either side, with views up the coast from the front.
The main attraction for most will be the well appointed kitchen.
The clever open wall shelves instead of units, gloss white floor units to reflect the light and the colourful patterned tiles to add the texture works really well.
Our favourite piece is the live edge breakfast bar giving the whole place a softer natural feel.
There is ample space for seating and a work desk before you reach the storage cupboard which also houses the gas combination boiler.
Parking There are 6 flats sharing 4 spaces on a first-come, first-served basis. In practice, residents cooperate by double parking and moving vehicles as required to allow access.
Tenure Ground Rent: The ground rent is a nominal peppercorn per annum. Tenure: Leasehold – residual of a 999-year lease from 1st October 2006.
Service Charge: The current service charge for 2026 is £165 per month. Pets: Permitted. Residential Letting: Permitted.
Holiday letting: The lease confirms that the property is not to be used for any trade or business purposes.
Holiday letting is permitted by the management company and flats in the block are holiday lets, the lease wording however should be checked with your solicitor if you are buying as a business.
Council Tax Band A Services All Mains
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 6, Chegwin Court, Newquay
Explore nearby