3 bedroom terraced for sale

£975,000

3

Bedrooms

3

Bathrooms

Floorplan

Spanning an impressive 1,668 square feet and situated on the harbour front, this delightful property boasts three well-appointed ensuite bedrooms, there is large kitchen/dining room, living room with balcony taking in the stunning harbour views, making this an ideal retreat for families or groups seeking a seaside escape.
One of the standout attributes of this property is its enviable harbourside location, offering stunning sea views that can be enjoyed from various vantage points within the property. Imagine waking up to the gentle sound of waves and the sight of boats bobbing in the harbour, creating a serene atmosphere that is hard to resist.
Whether you are looking for a permanent residence or a luxurious holiday home/ let, this property is perfectly suited to meet your needs. The vibrant town of St Ives, known for its beautiful beaches, art galleries, and charming streets, provides a wonderful backdrop for both relaxation and adventure.
An internal viewing of this delightful property is sure to impress! Phone now to arrange your viewing appointment.

St Ives - In recent years St Ives has become one of Europes premier holiday destinations, famed not only for its beautiful beaches and coastal paths but also for the maze of narrow, cobbled streets packed with restaurants, galleries, cafs and local bars. There are five sandy beaches, including neighbouring Carbis Bay, three of which are award-winning, blue flag beaches; the coastal paths provide a treat for walkers and bird-watchers alike. St Ives is just 4 miles away from the A30 which links into all the major market towns and Cathedral city of Truro.

The Property - Located on the harbour front and offering stunning, uninterrupted views out across the harbour, Pedn Olva point, Pothminster beach and across to Porthkidney Sands, The Towans and Gwithian. The home is presented to a very high standard following an extensive refurbishment. The accommodation is set over four floors. The newly installed quality, large fitted kitchen/dining room creates a great family or entertaining room and offers unprecedented views into the harbour and beyond. The master suite is stunning, with a large ensuite bathroom with a free standing copper bath where you are able lay back and relax whilst looking across the harbour. The living room is located on the top floor and from the double opening patio doors, access out onto the decked balcony terrace where you are able to take in the full vista of the harbour and bay of St Ives.

Entrance - Oak front door with central smoked glazed Porthole window, opening into:

Reception Hall - Tiled flooring. carpeted stairs with hand rail to side rising to a half landing with doorway opening into a stairwell with carpeted stairs and handrail to side leading down into:

Rear Porch/Utility Area/Beach Changing Area - Tiled flooring. Plumbing for washing machine. Stable type door with central smoked glazed Porthole window opening onto the rear lane (perfect entrance/exit for the beach). Wall mounted consumer unit and electric meter. Under stairs storage area.

From the half landing are steps up onto the first floor landing which is carpeted. Carpeted turning stairs to the second floor with an under stairs storage cupboard. Doors opening into:

Kitchen Dining Room - 4.95m x 4.55m - An L shaped room. Refurbished white washed painted floorboards throughout. Radiator. Base level units and drawers incorporating an under counter freezer, fridge and wine cooler with stone workfaces above with integrated 4 ring AEG induction hob with extractor above. Eye level oven grill and combi microwave Stone upstands and tiled splashbacks. Breakfast bar area incorporating a Belfast style sink with Quooker integrated swan neck mixer tap above. Within the units below is a integrated dishwasher. Sash bay window to the front aspect offering the stunning views into the harbour and across the bay to Porthkidney Sands. Sash window in the dining area offering the stunning views across the harbour and bay.

Bedroom - 2.77m x 2.57m - Refurbished whitewashed painted floorboards. Radiator. Sash window to the rear aspect. Built in wardrobe with storage cupboard above and central display shelving. Down lights above the bed. Door opening into:

Ensuite - Refurbished whitewashed painted floorboards. Corner crescent shower with sliding glazed doors and rainfall shower above of the mains with a sperate shower hand attachment and tiled splashbacks. Dual flush low level W/c. Vanity hand wash basin set onto a slate effect worktop with vanity mirror above. Obscure sash window to the rear aspect. Ladder towel rail. Extractor fan.

From the landing area carpeted turning stairs rising up to:

Second Floor Landing - Carpet. Storage cupboard housing the gas boiler and Megaflow hot water cylinder. Landing gives access to....

Bedroom - 3.1m x 2.57m - Refurbished whitewashed painted floorboards. Sash window to the rear aspect. Recess display shelving.

Family Bathroom - Refurbished whitewashed floorboards. Dual flush low level W/c. Pedestal hand wash basin with vanity mirror above. Bath with antique style mixer tap above with a separate shower hand attachment. Shower above of the mains with a glazed screen to the side. Tiled splashbacks Ladder towel rail. Obscure sash window to the front aspect. Extractor fan.

Master Bedroom - 4.47m x 3.2m - Refurbished white floorboards. Radiator. Bay sash window to the front aspect offering the stunning views across the harbour of St Ives and Smeatons Pier and looking across the bay towards Porthkidney Sands and The Towans. Wall mounted gas fire. Door opening into:

Ensuite - Refurbished whitewashed painted floorboards. Feature free standing nickel bath. Low level W/c. Pedestal hand wash basin with vanity mirror above. Sash window to the front aspect offering the stunning view across the harbour and bay and towards Porthkidney sands. Extractor fan.

From the landing area are carpeted stairs rising up into:

Living Room - 5.05m x 4.93m - Refurbished white painted floorboards throughout. Radiator. Sash window to the rear aspect offering the classic St Ives view over the neighbouring roof tops. Double opening doors leading onto:

Balcony/Sun Terrace - 1.8m x 1.52m - Composite decking. With stainless steel surrounds with glazed inset below. The view from the balcony/terrace is outstanding taking in the full vista of St Ives harbour and across to Pedn Olva point. Porthminster beach and Porthminster point. Porthkideny Sands and across the Towans at Hayle.

Holiday Letting - The current owner uses the property as a successful holiday let with the following income:

2022/23 - 67,400 // 2023/24 - 64.300 // 2024/25 - 65.300

Viewings can only take place on either changeover or unlet days. Before travelling to the area to view please ensure that you have contacted our office and pre-booked your viewing appointment. Fixtures and fittings are available by separate negotiation.

Lease Details - Lease - 999 years from 1st January 2011

Ground Rent - 50 per annum

Buildings Insurance - around 1,800 per annum payable to the freeholder.

No pets are allowed as part of the lease.

Services - The property is connected to mains electricity, gas, water and drainage. It falls within Council Tax Band D.

Parking - There is no allocated parking for the property however the owner currently rents a parking space at St Ives Rugby Club.

Directions - The property can be located along The Wharf directly behind the slipway down to the beach and on the corner where Back Lane, Church Street and The Wharf connect. A member of the team will be there to meet you. It is advisable especially during busy periods to park outside the town and then to walk to the property for ease.

Material Information - Verified Material Information
Council Tax band: D
Tenure: Leasehold
Lease length: 999 years remaining (985 years from 2011)
Ground rent: 50 pa
Lease restrictions: Standard tenant covenants given to the landlord about upkeep in Lease. DOV entered into in August 2023 to provide clarity on the demise layout which had altered under the previous ownership.
Whilst no formal service charge - there is an annual insurance charge payable for the Buildings insurance to the landlord representing 2/3 of the annual change. Last payment in September 2024 was 1,857.
Property type: Maisonette
Property construction: Standard undefined construction
Energy Performance rating: D65
Electricity supply: Mains electricity
Solar Panels: No
Other electricity sources: No
Water supply: Mains water supply
Sewerage: Mains
Heating: Mains gas-powered central heating is installed.
Heating features: None
Broadband: No broadband connection
Parking: None
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: No
Restrictions - Tree Preservation Orders: None
Public right of way: No
Long-term area flood risk: No
Historical flooding: No
Flood defences: No
Coastal erosion risk: No
Planning permission issues: No
Accessibility and adaptations: None
Coal mining area: No
Non-coal mining area: Yes

All information is provided without warranty. Contains HM Land Registry data Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.

The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.



Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 797075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 24375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 65825
  • Mortgage Interest
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    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
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  • Letting Fee
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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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