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 1BQ
Sold STCListed 145 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to 24b Grosvenor Avenue, Newquay, a stylish two-story property located in the vibrant town of Newquay.
The first floor features a westerly-facing balcony area offering lots of sunlight, a comfortable living room boasting heaps of natural light and a spacious ambience.
Additionally, you will find a well-appointed kitchen equipped with a gas boiler and ample space for appliances, a cosy dining area, and a good-sized double bedroom.
The grandeur extends to the upper level, where you’ll discover a second bedroom adorned with an exquisite stone feature wall and bathed in natural light.
A functional bathroom completes this floor, conveniently equipped with a shower over the bath. With a neutral colour scheme throughout.
The apartment lends itself to personal styling, making it the perfect backdrop for your decor.
This property promises comfortable living in a desirable location, perfectly suited for small families or couples alike.
This property is sure to please those seeking a balanced blend of comfort and convenience, within walking distance of the best of what Newquay offers.
Currently in occupation with a long-term tenant, you will have the option to purchase with the tenant in situ, or the property can be offered with vacant possession.
The current vendor owns the entire building and is in the process of creating two separate long-term leases (999 years) for 24b and 24a.
On completion, the purchaser of 24b will acquire a 50% share of the freehold, jointly held with the owner of the ground-floor apartment (24a).
The vendor has also confirmed that the new lease for 24b will specify that all future costs relating to the maintenance and upkeep of the building—including buildings insurance premiums and any associated administrative expenses—will be shared equally between both freeholders.
Please contact the agent for more information on the current letting arrangements.
EPC Rating: C Kitchen/Diner 3.34m x 4.44m Living Room 3.18m x 4.6m First Floor Bedroom 3.39m x 3.38m Second Floor Bedroom 4.17m x 4.18m Bathroom 1.58m x 5.65m 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...
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
FAQ
About 24B, Grosvenor Avenue, Newquay, TR7
Explore nearby