2-bedroom flat · TR7 2AU
Sold STCListed 78 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to Number Thirty One Galleon Court, a spacious two-bedroom maisonette with incredible River Gannel views, perfectly positioned just across the lane from the picturesque River Gannel.
Ideally located, the property is within easy reach of Newquay's vibrant town centre, the world-famous beaches of Fistral and Crantock, and miles of stunning coastal walks.
Newquay offers an excellent range of independent shops, cafés, restaurants and everyday amenities.
Just a short walk away, Fistral Beach is renowned as one of the world's premier surfing destinations, attracting watersports enthusiasts and hosting major events, including Boardmasters.
The beautiful River Gannel provides the perfect setting for paddleboarding, kayaking and scenic riverside walks, making this an outstanding location to enjoy Cornwall's spectacular coastline and relaxed outdoor lifestyle.
Stepping inside, you're welcomed into a beautifully presented open-plan kitchen, lounge and dining area.
Your eyes are instantly drawn to the glazed doors and the mesmerising, ever-changing panoramic views across the estuary.
The lounge spans the full width of the apartment, opening onto a private, south-facing balcony – the perfect place to relax and enjoy the spectacular outlook.
The kitchen is fitted with a good range of modern white units, incorporating an integrated electric oven and hob, with space for a fridge, freezer and washing machine.
A breakfast bar subtly separates the kitchen from the living space, creating a bright, sociable dual-aspect room.
Upstairs are two generous double bedrooms and a stylish family bathroom, updated in 2022.
The principal bedroom is particularly spacious, with two large picture windows framing the same breathtaking estuary views, while the second bedroom enjoys a peaceful rear aspect and its own private balcony.
The bathroom features contemporary brick-effect tiling, a classic white suite and a shower over the bath.
The property has been further enhanced with upgraded electric Rointe heaters throughout, a pressurised hot water cylinder replaced in 2024, and replacement windows and doors installed in 2022, with the exception of the principal bedroom windows.
High-quality carpets and fresh, neutral décor continue throughout. Galleon Court has also benefited from a replacement roof within the last two years.
Externally, the apartment enjoys the advantage of an allocated garage, parking space and access to a communal bin store, completing this superb coastal home.
This property is ideal as a second home, buy-to-let investment, or first purchase, located in one of Newquay's most desirable locations.
THE LEASE: Length of Lease: 999 years Lease Start Date: 1981 Ground rent: £50 per annum (included in Service charge) Service charge & Info: £100 PCM Freeholder: Leasehold Developments LTD Management Company: Galleon Court RTM Residential letting: Yes Holiday letting: No Pets: Yes EPC Rating: D Kitchen Area 3.48m x 3.68m Lounge Area 3.12m x 4.65m Bedroom 1 3.96m x 4.65m Bedroom 2 2.77m x 2.79m Bathroom 1.7m x 2.24m 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
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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.
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About Galleon Court, Newquay, TR7
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