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See how verdicts work1-bedroom flat · EX23 8GW
For saleListed 66 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer for sale this immaculately presented one-bedroom first-floor apartment, situated within a select retirement development for the over 60s.
The accommodation is light, well proportioned and thoughtfully arranged, offering comfortable and easy-to-manage living.
The property is conveniently positioned within walking distance of Bude town centre, local amenities and the town’s popular beaches.
Residents have the benefit of attractive communal gardens together with access to a welcoming owners’ lounge and guest suite.
Further features include lift access within the building and 24-hour emergency assistance.
An ideal opportunity for those seeking a well-presented home within a secure and well-regarded retirement development, close to the heart of Bude. EPC Rating B. Council Tax Band C.
Pen Morvah is a McCarthy and Stone development for the over 60's built in 2018 and enjoys a pleasant location situated within this desirable residential area lying within walking distance of the centre of this popular coastal town offering a comprehensive range of shopping, schooling and recreational facilities together with its 18 hole links golf course and fully equipped leisure centre etc.
Bude itself lies amidst the rugged North Cornish coastline famed for its many nearby areas of outstanding natural beauty and popular local bathing beaches providing a whole host of water sports and leisure activities together with many breath taking cliff top walks etc.
The bustling market town of Holsworthy lies within 10 miles inland while the port and market town of Bideford is some 28 miles in a north-easterly direction providing a convenient access to the A39 North Devon link road which connects in turn to Barnstaple, Tiverton and the M5 motorway.
Directions By foot from the office turn left along Queen Street and upon reaching Lansdown Road turn left and immediately right into Broadclose Hill.
Take the right hand turning into Bramble Hill and right again into Pathfields whereupon Pen Morvah will be found within a short distance on the right hand side with the main entrance accessed via the car park area.
Entrance Hall (5' 8" x 7' 1") Living/Dining Room (10' 6" x 17' 7") Kitchen (7' 7" x 9' 1") Bedroom (9' 3" x 11' 0") Shower Room (5' 6" x 5' 7") Outside Well maintained and landscaped communal gardens surrounding the building.
Sections laid to lawn as well as mature shrubs and borders with seating areas. There is also use the mobility scooter storage and charging points available. Tenure Leasehold.
The property is sold with a 999 year lease which commenced in 2018. Service Charge: Approximately £404.36 per month. Ground Rent - Approximately £495 per annum. Reviewed annually.
The services charges include: Buildings insurance, water and drainage, electricity/heating and lighting of communal areas, development staff and emergency call system.
Services Mains Water, Drainage and Electric.
Anti-Money Laundering Before any sale is formally agreed, we have a legal obligation under the Money Laundering regulations and Terrorist Financing Act 2017 to obtain proof of your identity and of your address, take copies and retain on file for five years and will only be used for this purpose.
We carry out this through a secure platform to protect your data.
Each purchaser will be required to pay £20 upon an offer verbally being agreed to carry out these checks prior to the property being advertised as sale agreed.
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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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.
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FAQ
About 6 Pen Morvah,, Bramble Hill, Cornwall
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