2-bedroom flat · PL23 1BQ
For saleReduced £35k (−10.4%) on 20 JunListed 427 days
Opportunity summary
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About
A two bedroom maisonette with accommodation arranged over three floors. Ideally situated close to the town centre with A parking space in A shared garage.
This property would make an ideal family home, lock up and leave, or investment property. The Location Fowey is regarded as one of the most attractive waterside communities in the county.
Particularly well known as a popular sailing centre, the town has two thriving sailing clubs, a famous annual Regatta and excellent facilities for the keen yachtsman.
For a small town Fowey provides a good range of shops and businesses catering for most day to day needs.
The immediate area is surrounded by many miles of delightful coast and countryside much of which is in the ownership of the National Trust.
Award winning restaurants, small boutique hotels, excellent public houses etc, have helped to establish Fowey as a popular, high quality, destination.
There are several excellent golf courses within easy reach, many world class gardens are to be found in the immediate area and the fascinating Eden Project with its futuristic biomes is just 5 miles to the north west.
There are good road links to the motorway system via the A38/A30. Railway links to London, Paddington, can be made locally at Par, and St.
Austell and there are flights to London and other destinations from Newquay.
The Property The property is situated at the top of Lostwithiel Street in Fowey and benefits from a parking space in a shared garage.
The front door opens to an entrance hall with useful cupboard and stairs rising to the first floor.
The first floor comprises a large open plan sitting room and kitchen with base cupboards providing plenty of storage, oven with four ring hob, stainless steel sink.
There are windows to the front and rear elevation. There is also a separate wc and stairs rise to the second floor.
The second floor comprises two generous double bedrooms and a sizeable bathroom with bathtub, wash hand basin and wc. Tenure: Leasehold 959 years remaining on a 999 year lease.
Start date 25th March 1985. Rent: £25 per annum.
Epc Rating - E Council Tax Band - B Local Authority Cornwall Council, 39 Penwinnick Road, St Austell, Cornwall, PL25 5DR Services None of the services, systems or appliances at the property have been tested by the Agents.
Viewing Strictly by appointment with the Sole Agents: May Whetter & Grose, Estuary House, Fore Street, Fowey, Cornwall, PL23 1AH. Tel: Email:
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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About 3, Place Court, Fowey
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