2-bedroom house · TR7 1UJ
Listing removedListed 386 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Superb example of a ground floor 2 bedroom retirement apartment in central Newquay with stunning front line views over Towan beach, iconic Newquay Island and the sea.
Rare opportunity on the front of this popular block with views and a short level walk to the town Communal secure residents entrance, with reception and lift to all floors.
Hall Shelved storage cupboard with hot water cylinder, cold water tank and main electric fuses.
Lounge Front aspect floor to ceiling uPVC double glazed opening window, with side opening door on to brick paved seating area directly overlooking Towan beach, Newquay Harbour, the iconic Newquay Island and the sea.
Dimplex electric radiator. Marble fireplace surround with fitted electric fire.
Archway leads to the: Kitchenette Surrounding range of laminate faced kitchen units under a roll edge laminate worktop incorporating a single drainer stainless steel sink unit, fitted single electric oven and 4 plate electric ceramic hob with extractor fan over and upright fridge/freezer.
Bedroom 1 Double door fitted wardrobe. Wall mounted electric radiator. Front aspect uPVC double glazed window with sea views. Bedroom 2 Front aspect uPVC double glazed window with sea views.
Wall mounted electric radiator. Shower Room Fully tiled walls. Large double width walk-in shower cubicle with shower and sliding shower doors. Low level WC. Heated towel rail.
Vanity basin with storage cupboard under. Tenure Leasehold (125 years from 1 November 1988) with a current Annual service charge, including water rates and buildings insurance, amounting to £3600.
This is paid in two annual instalments of circa £1800 in March and September. Ground rent is payable costing £550 per Year, paid twice annually. Age restricted lease for retirement only.
Penhaven Court was constructed by McCarthy & Stone (Developments) Ltd and comprises 43 properties arranged over 4 floors each served by lift.
The Development Manager can be contacted from various points within the property and the apartments themselves in the case of an emergency.
When the Development Manager is off duty, there is a 24hr emergency call service.
It is a condition of purchase that residents be over the age of 60 Years, or in the event of a couple, one must be over the age of 60 Years and the other over 55 Years.
Services Mains electricity, water and drainage Council Tax Band B
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 1, Penhaven Court, Newquay
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