We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · TR7 1BT
For saleReduced £10k (−5.6%) on 30 JunListed 166 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain | town centre location | 2 double bedroom first floor apartment located in a quiet residential street in the heart of Newquay Town with a covered parking space and some sea views from the lounge.
Jenkins Court is located off a quiet residential road just a 2 minute walk from the centre of Newquay Town.
Mainly used by residents only, the street offers an unusually quiet location for such a central position.
Newquay Town with its vast selection of independent Cafes, Coffee Shops and Bars, improved transport links via the A30 and Newquay Airport, as well as the flexible modern nature of working, has led to an increased number of families moving to the area to enjoy the natural beauty of the coastline on the doorstep.
From the main street, a small lane provides access to the covered parking space and further to the block entrance at the rear of the building.
2 internal stairwells provide access to the first floor flat. Upon entry, the entrance hallway provides access to all rooms and also houses a large cupboard with the pressurised water cylinder.
The open plan lounge/kitchen/diner has a good range of floor and wall mounted gloss fronted units under a wood block effect worktop.
The rest of the lounge enjoys views out of a large bay window of Towan Headland with the Atlantic Hotel in the distance. The 2 bedrooms easily accommodate double beds with room for wardrobes.
The bathroom is floor to ceiling tiled with a full length bath and shower over, and a vanity unit holding the basin and concealed cistern sink.
The development benefits from a communal laundry room on the ground floor for use of residents only.
Council Tax Band B Services Mains water, electric and drainage Tenure The property is held on a residual of a 999 year lease from 1989.
There is a peppercorn ground rent and service charge of £1514.40 per annum.
There is no pet restriction on the block but they are for residential use only with a holiday let restriction covering the building.
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
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 advisers 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.
Area
Agent & docs
.png){kind=logo}
FAQ
About 8, Jenkins Court, Michell Avenue, Newquay
Explore nearby
