2-bedroom flat · PL25 3FX
Listing removedListed 293 days
Opportunity summary
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About
Tenure: Leasehold A fantastic opportunity to purchase one of the beautiful retirement apartments within this stunning development, presented to a very high standard on the second floor, providing impressive far reaching sea & coastal views just 300 metres from the beach in this sought after location.
A truly special development of 32 high specification, two bedroom apartments, 2 bath/shower rooms situated on the Southern coast of Cornwall, 2.3 miles from the old market town of St Austell.
Ocean House has incorporated an luxuriously understated Interior and exterior design to become one of the most sought after McCarthy and Stone homes with lift and wheelchair access.
Looking for a luxury coastal retirement home within minutes of the beach, yet close to amenities ... Look no further!
Property: You will be sure to be impressed as soon as you enter ocean house, it very much feels like a 5 star hotel in a sought after waterside location.
It’s so easy to make new friends and to lead a busy and fulfilled life here; there are always plenty of get togethers that the residents arrange and a wonderful community, which makes a wonderful place to live.
The apartment itself is entered via a spacious entrance hallway leading to all of the accommodation within.
Initially there are a number of useful storage cupboards hidden behind high quality hard wood doors. The main reception space measures 33ft, is largely open plan separated nicely by a breakfast bar.
There are large sliding doors which lead out onto the balcony which is such a lovely feature. The kitchen is high quality with granite worktops and integrated appliances.
The apartment features 2 double bedrooms with the master providing a beautiful en-suite shower room, sea views and sliding doors leading out to the balcony area.
There is a family bathroom which provides services for the second bedroom or visiting guests.
The communal entrance for all residents is into a rather impressive entrance reception space which has been set up as a large seating area with comfortable sofas and a coffee machine.
Externally: There are communal gardens which are beautifully maintained, a roof terrace enjoying superb views and communal bin stores and bike sheds as well as one allocated parking space for the apartment together with ample visitor parking, all accessed via an electronic gate location: Sea Road is considered to be one of the most exclusive coastal settings in the county on the south coast Cornish Riviera.
Close by will be found Carlyon Bay Golf Course and the South West coastal footpath which provides a short walk down to the attractive harbour village of Charlestown, now of international renown due to its tall ships and harbour often used for period film sets & easy walking to the small town of Fowey .
Also in Sea Road is the Four Star Carlyon Bay Hotel and within Carlyon Bay is a range of restaurants and local shopping close at hand.
The recently regenerated St Austell town centre is situated within easy reach and offers a wide range of shopping, educational and recreational facilities.
There is a mainline railway station and leisure centre together with primary and secondary schools and supermarkets.
The picturesque port of Charlestown and the award winning Eden Project are within a short drive.
The town of Fowey is approximately 7 miles away and is well known for its restaurants and coastal walks.
The Cathedral city of Truro is approximately 15 miles from the apartment and provides a more comprehensive range of retail, banking and schooling facilities as well as being the County town.
Services: The following services are available: Mains electric, mains gas, mains water, mains drainage and telephone line is connected (however we have not verified connection).
Communal boiler providing both the hot water and central heating via underfloor heating.
Tenure: Leasehold - 999 years from August 2017 - The property is for over 55's, however discussions can be had with McCarthy Stone if slightly under this age.
Ground Rent - £495.00 per year, this amount is guaranteed for 15 years from August 2017.
Service charge £360 a month, this includes Water, Buildings Ins, Upkeep of communal areas, there is a large contingency fund in place for any emergencies.
The residents have two meetings per year with McCarthy & Stone to discuss and agree the yearly service charge.
(Information provided by vendor and needs to be verified) services: The following services are available: Mains electric, mains gas, mains water, mains drainage and telephone line is connected (however we have not verified connection).
Communal boiler providing both the hot water and central heating via underfloor heating EPC Rating: B
Value & comps
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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.
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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.
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