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See how verdicts work2-bedroom flat · PL23 1HY
For saleListed 529 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An elegant and spacious two bedroom apartment, ideally located in the centre of old fowey, close to all amenities, harbour, pubs and restaurants.
Boasting A balcony, views of the estuary and A much sought after parking space in A shared garage. Sold chain free! 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.
3 Marina Apartments is ideally situated on the corner of the Esplanade within a short walk down to the old town harbour with its eclectic mix of shops, pubs and restaurants.
A level walk along the beautiful Esplanade takes you to the local sheltered beach called Readymoney Cove.
Accommodation The building was originally a local grocery shop called Varcos before being converted into 4 apartments in 2000.
3 Marina is situated across the whole of the 1st floor with one apartment above and two below.
The property enjoys Victorian period features including high ceilings, giving the feel of space throughout.
The communal entrance door opens into an entrance hallway giving access to two ground floor apartments and a shared walk in storage cupboard.
A door opens to stairs rising to the first and then second floor. A door from the first floor is the entrance to our recently decorated apartment.
A hallway gives access to a very useful walk-in storage cupboard, a family bathroom, double bedroom, twin bedroom and open plan living area.
The living area comprises a kitchen, dining and sitting areas.
The well equipped kitchen has ample base and wall storage units, integral dishwasher, electric oven and hob, a washing machine and fridge freezer.
The large windows fill the room with light and give elevated views looking up Lostwithiel Street. The room is well presented and generous in size and with plenty of room for sofas and dining area.
The principal bedroom shares the same orientation as the living room, looking up Lostwithiel Street and is spacious in size with room for a king sized bed and further furniture.
The second bedroom, currently used as a twin room boasts, through large sliding doors opening to a balcony which gives views over the estuary to Polruan and provides a great private space to sit and relax.
The family bathroom comprises of a bath with shower over, hand wash basin, WC and heated towel rail. The water tank is housed in a cupboard with storage unit above.
The property is heated by electric wall heaters and is lit by wall and ceiling lights.
Parking The apartment has an allocated parking space in the lower ground floor garage accessed at street level via a recently replaced roller garage door.
The garage is shared with one other apartment who have their own allocated space.
Epc Rating E Tenure - Leasehold Ground Rent £100.00 per annum Service Charge - £1,946 - reflecting recent maintenance carried out 2025 Lease remaining - 95 years remain Council Tax Band Business rates 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: Agent Notes The apartment has been a successful holiday let over the last 4 years. The vendors may sell the furniture, fixtures and fittings subject to a separate negotiation.
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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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.
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FAQ
About 3 Marina Apartments,, 1 Esplanade, Fowey
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