3 bed apartment

£445,000 Guide Price

3

Bedrooms

2

Bathrooms

1

Reception

Floorplan

Unmissable opportunity to acquire a 3 bedroom apartment in this location in this price bracket, with its own parking space.


Exterior


The elevated ground-floor property has a wonderful COASTAL location directly overlooking Newquays golf course and Fistral Beach, about a 400m walk away. Newquay town and harbour are approximately a 5-minute walk from the apartment.


To the front, the apartment has its own south-facing PRIVATE BALCONY with PANORAMIC VIEWS of Newquay town, over the golf course, and towards Fistral Bay.


To the rear is a private courtyard leading to a shared rear garden, with access onto the Headland.


From the rear courtyard is a separately enclosed store room housing the gas boiler, and where surfboards can easily be kept.


To the front of the property is a private designated PARKING SPACE.


Interior


The property briefly comprises a shared entrance hall leading into the apartment.


A hallway then leads to a superb combined kitchen, dining area and lounge with STUNNING VIEWS of Fistral Bay and the golf course.


Off the hallway, there is a double bedroom, a MODERN shower room with a white suite comprising of a shower cubicle, w/c and hand wash basin. The second double bedroom also leads off the hallway as does the MASTER DOUBLE bedroom EN-SUITE, comprising a white bath with shower over, w/c and hand wash basin.

The combined washing machine and tumble dryer is also located in this room.

The walk-in under-stairs storage cupboard is also accessed from the hallway.


The property has gas-fired central heating throughout. It is connected to mains water, drainage, gas and electricity.


The property has recently undergone RECENT REFURBISHMENT and is offered with all furnishings ready for a walk-in occupation.


The property will appeal to professionals, families, and investors alike looking for a superb home or additional property at a location that is RARELY AVAILABLE and offers these amenities at this price.


Newquay itself has a bustling town centre offering a range of bars, restaurants, cafes and everyday amenities including supermarkets, cinema, health centre, and it has good sporting and recreational facilities.


There are eleven beaches over seven miles of GOLDEN SAND, including the world-famous Fistral Beach, which has excellent SURFING conditions. Newquay also has a picturesque harbour for fishing, boating, and paddleboarding activities. Newquay Zoo and the Sealife Centre are within the towns environs.


Newquay airport provides easy access with regular cheap flights between many of the UKs major airports making it ACCESSIBLE for short breaks. It has good road links and a direct rail link, making it an IDEAL BASE to visit other parts of Cornwall and visitor attractions like the Eden Project.


The apartment is leasehold, and the owner is one of 8 shareholding directors in the self-managed freehold company. The management contribution is currently 100pcm, which covers the propertys management, maintenance, and insurance.


PLEASE NOTE The extent of the property and its boundaries are subject to verification by inspection of the title deeds. The measurements in these particulars are approximate and have been provided for guidance purposes only. The fixtures, fittings and appliances are all available with the purchase of the property. This should be negotiated at the point of making an offer.


In accordance with Section 21 of the Estate Agent Act 1979, we declare that there is a personal interest in the sale of this property. The property is being sold by a member of staff within Silverspring Sales and Lettings.


VIEWING ARRANGEMENTS Strictly by prior appointment with Silverspring Sales & Lettings Ltd.


TENURE: We are advised by our client that the property is SHARE OF FREEHOLD.


MONEY LAUNDERING REGULATIONS: Money Laundering Regulations (Introduced June 2017). To enable us to comply with the expanded Money Laundering Regulations we are required to obtain identification from prospective buyers once a price and terms have been agreed on a purchase. Buyers are asked to please assist with this so that there is no delay in agreeing a sale.




Features
  • Share of Freehold

Nearest Stations:

0.75 miles
Newquay
2.96 miles
Quintrell Downs
6.79 miles
St.Columb Road
10.78 miles
Truro
11.51 miles
Roche

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

£ 369825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 11125
  • 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

Adjust these figures

£

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

£ 36075
  • Mortgage Interest
    £

    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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

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

£

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

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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