2-bedroom house · TR7 3AS
For saleListed 191 days
Opportunity summary
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About
2 bedroom villa style coastal home at porth with 2 double bedrooms, 2 bathrooms, an enclosed terrace garden and A delightful open plan first floor living area with A sunset balcony This delightful split-level home at Porth features reverse living accommodation in a villa style complex of properties that are nestled on the clifftops at Porth and have the benefit of a private estate footpath that leads directly onto the sandy beach at Porth.
From the communal car park, a path meanders through the complex and leads to the Watermark properties surrounded by communal lawned gardens.
Accessed from the rear into a mid-level landing, the bedrooms and bathrooms can be found on the lower floor with the open plan living accommodation located on the first floor with a first-floor balcony off the dining area.
Outside the ground floor bedrooms, there is a composite decked terrace garden with high surrounding walls for shelter and privacy.
The property is eminently suitable as a holiday/second home or for residential occupation, but crucially is not “holiday restricted” by planning permission or lease and is suitable for residential mortgages and permanent occupation or as a second/holiday home with good income potential.
Tenure Leasehold. 999 Year lease from 5th March 2019. Ground Rent Ground rent £150 per annum.
Annual service charge (2026) £2390.63 to include water charges, buildings insurance, communal electricity and maintenance, refuse maintenance and collection, communal gardening and security.
Services All mains. Water and sewerage charges included in the management/maintenance charges.
Council Tax Currently rated for business rates, Cornwall Council application for change to Council Tax and re-banding submitted and pending.
Dogs The lease provides for a maximum of 2 dogs to be kept at the premises.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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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.
Area
Agent & docs
FAQ
About 12, The Watermark, Lusty Glaze Road, Newquay
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