4-bedroom flat · TR7 2QD
For saleReduced £45k (−11.4%) on 20 JunListed 288 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning condition throughout | 4 double bedrooms | Modern top floor, 4 bedroom apartment with master en-suite, located 200 yards from Tolcarne Beach, with 2 private allocated parking spaces, shared storage and presented in immaculate condition throughout.
Edgcumbe Gardens is ideally situated, providing easy access to Newquay's stunning beaches, both the town centre and Chester Road shops, as well a variety of dining options, making it the ideal location for both residential and holiday letting options.
This, coupled with improved transport links via the A30 and Newquay Airport has really made it one of the top tourist destinations in Cornwall.
Combined with the flexible modern nature of working, this has also led to an increased number of families moving to the area to enjoy the natural beauty of the coastline on the doorstep.
From the front, the apartment is accessed through the communal hall to the first floor where the apartment has a a private entrance door.
Upon entry there is a private staircase ascending to the second floor where a large internal hallway provides access to all rooms.
The Open plan lounge/kitchen/diner is a great feature and the stunning handleless white gloss kitchen providing a modern look with a composite worktop and all white good integrated.
This is open into the dining area with the lounge continuing from there all with natural oak effect Karndean flooring which continues through the hallway.
The 3 double bedrooms are accessed from the hall, all with Velux windows providing lots of light.
The family bathroom is floor to ceiling tiled throughout with a quadrant shower unit and separate bath with a concealed cistern WC and stainless steel heated towel rail.
The master bedroom again makes use of the eaves with Velux windows to the front and side again with a very modern shower en-suite.
Services Mains electric, water and drainage Council Tax The property is currently rated with rates tbc Tenure The property is held on the residual of a 999 year lease commenced in 2018.
There is an annual service charge of £1000 with an annual ground rent payment of £200. Pets and holiday lets are permitted at the property.
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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