2-bedroom flat · PL23 1DF
Listing removedReduced £15k (−4.8%) on 29 JunListed 242 days
Opportunity summary
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About
Ideal lock up and leave two bedroom apartment with parking. Successful holiday let. Presented in very good order and offering an excellent investment opportunity. No.
3 Ferryside View is a modern, architecturally designed 2 bedroom property, built in 2011. The property is fitted and finished to a high standard with views to the river.
The apartment has a light and airy feel and is fully double glazed with a gas fired central heating system.
Outside there is a block paved patio with external down lights with access via doors from both the bedroom and lounge. The property also benefits from secure parking for one vehicle on site.
Rivers Reach is currently used as a holiday let. 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.
Accommodation (approximate measurements shown on floorplan) Double entrance doors to: Sitting room/dining room - A spacious room with 2 windows, tv and telephone point, through to kitchen, door to bedrooms.
Wood effect laminate flooring. Views over the car park to bodinnick and the water.
Kitchen - fitted kitchen with limestone floor and full set of appliances, Worcester gas central heating boiler, inset spotlights, door to: Family bathroom - limestone tiled floor, tiled walls, whirlpool bath, separate power shower enclosure, ladder radiator, basin, low level w.c., extractor, spotlights and underfloor heating bedroom 1 - Double bedroom with spotlights, satellite tv point, telephone point.
Views across the car park to bodinnick. Bedroom 2 - Double/twin bedroom with satellite and tv point, telephone point, spotlights, glazed door to patio.
Outside To the side of the property with access via the sitting room and bedroom is a block paved patio area with external down lights leading to a parking area for one car and level access to the road Council Tax Band - C Epc Rating - C Tenure Leasehold : 999 year lease commenced 2010.
Ground rent £100 pa. Service Charge £800 pa. Agents note: Please note that the title states not to use the property for the purpose of any business, trade or profession.
Services None of the services, systems or appliances at the property have been tested by the Agents.
Local Authority Cornwall Council, 39 Penwinnick Road, St Austell, Cornwall, PL25 5DR 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
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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 Rivers Reach, 3 Ferryside View,, Station Road, Fowey
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