3-bedroom terraced house · TR8 4RU
For saleListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This three bedroom home is presented to a great standard and is located in the highly desirable Duchy of Cornwall 'Nansledan' development and is offered for sale on a 'shared ownership' basis' for buyers with a 'local area connection'.
Details regarding eligibility and costs below... Costs and rental payments The share purchase price is calculated using the full market value and the percentage share purchased.
Based on a 40% share, the share purchase price will be £130,000 and the rent will be £402.92 a month.
Your annual rent is calculated as 2.48% of the remaining share of the full market value owned by the landlord.
Eligibility You can apply to buy the home if both of the following apply: Your household income is £80,000 or less You cannot afford all of the deposit and mortgage payment to buy a home that meets your needs ...
One of the following must also be true: You're a first-time buyer You used to own a home but cannot afford to buy one now You're forming a new household - for example, after a relationship breakdown You're an existing shared owner, and you want to move You own a home and want to move but cannot afford to buy a new home for your needs If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
Local area connection criteria apply to this property...
Service charge and other information The Service charge including buildings insurance is £51.10 per month You can buy up to 100% of your home at which point the freehold will be transferred to you A reservation fee of £500.00 applies to secure your home.
This property is presented to a brilliant standard throughout with a generous lounge at the front and kitchen diner bat the rear with access to the rear garden, There's also a useful cloakroom on the ground floor.
The kitchen has space for a washing machine, dishwasher and fridge freezer with an integrated oven and electric hob.
All three bedrooms can be found on the first floor where you will also find a storage cupboard off from the landing area.
The family bathroom is immaculately presented with a bath and shower over with a wash basin and wc. Externally, the garden is neat and low maintenance with a patio and lawned area.
There's two allocated parking spaces at the rear. The seller is entitled to decide which applicant they would prefer to go forward to the application stage.
Property Listing Disclaimer - In compliance with the Digital Markets, Competition & Consumers Act (dmcc): Mo Move Newquay has not tested fixtures, fittings, or services (including appliances/heating systems).
Serviceable condition cannot be verified. Please consult your conveyancing solicitor for professional verification of all systems.
All references to property tenure are based solely on vendor-provided information. Mo Move Newquay has not reviewed any freehold/leasehold information.
Please consult your appointed conveyancing solicitor to verify property title and tenure and to confirm leasehold/freehold status, parking arrangements/rights, covenants & easements.
Items shown in photographs are not included unless specifically mentioned in the sales particulars. All measurements are approximate and are to be used as a ‘guide only’.
Pets are not permitted on any viewings.
EPC Rating: B Hallway (5.33m x 1.02m) Lounge (4.47m x 3.25m) Kitchen Diner (5.61m x 3.25m) Cloakroom (1.93m x 1.07m) Bedroom (4.01m x 3.05m) Bedroom (3.71m x 3.05m) Bedroom (2.64m x 2.41m) Bathroom (2.34m x 1.93m) Parking - Allocated Parking Disclaimer In compliance with the Digital Markets, Competition & Consumers Act (dmcc): Mo Move Newquay has not tested fixtures, fittings, or services (including appliances/heating systems).
Serviceable condition cannot be verified. Please consult your conveyancing solicitor for professional verification of all systems.
All references to property tenure are based solely on vendor-provided information. Mo Move Newquay has not reviewed any freehold/leasehold information.
Please consult your appointed conveyancing solicitor to verify property title and tenure and to confirm leasehold/freehold status, parking arrangements/rights, covenants & easements.
Items shown in photographs are not included unless specifically mentioned in the sales particulars. All measurements are approximate and are to be used as a ‘guide only’.
Pets are not permitted on any viewings. To help keep property transactions safe and secure, we are legally required to carry out Anti-Money Laundering and identity verification checks on all buyers.
These checks are only undertaken once your offer has been accepted by the seller and are subject to a small fee. Further information is available on our website.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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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About 6 Bownder Kolom, Newquay
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