Newquay Apartment, Cornwall
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Newquay Buy-to-let Apartment, TR7 Property Sale
Newquay Apartment Sale in TR7 is the perfect buy-to-let investment property in Cornwall. Fully tenanted with a Net Yield of 7.7% on a purchase price of £67,000 provides an attractive all year income.
Key Figures
£66,990Starting Price
7.7%Net Yield
Q4 2015Completion Date
Investment Details
We are proud to introduce our latest property development in Newquay – which is completely tenanted and located in the residential part of town. It consists of studios and 1-bedroom apartments with allocated parking. Most have balconies and some with sea views over the beautiful Lusty Graze Beach.
All apartments come with integrated electric oven and hob, laminate flooring and carpets in the upstairs duplexes. Suitable for the young professional market, the development is conveniently located just half a mile from the town centre and train station. This is an ideal rental investment property or potential holiday let with personal use.
Property Summary
- NET yields up to 7.7%
- One bedroom Apartments
- Purchase prices from £67,000
- All tenanted
- Laminate Flooring throughout
- Carpets in the duplexes
- Integrated electric oven and hob
- Tiled splashbacks
- Some with balconies and sea views
- Half a mile from train station and town centre
- Four miles from airport – one hour flights to London and Manchester
- Suited to the young professional market
- Possible holiday rental market through Air bnb
- Communal Reception
- Allocated Parking
- Finders fee of £1,000+Vat
Job creation in the South West is growing faster than anywhere else in the UK. In Newquay itself, the local council aims to build more residential style housing rather than holiday lets to encourage more people to live there more permanently. The Chancellor has outlined the economic plan to boost the South West’s economy by a huge £6.8 billion by 2030.
This is an old investment that has now fully sold. If you are new to the investment world, have you thought about devising a buy to let strategy?
The Numbers
Ground Rent:£240
Number of Units:0
Service Charge:£950
Prices:From £66,990
Leasehold:125 years
- Laminate Flooring throughout
- Carpets in the duplexes
- Integrated electric oven and hob
- Tiled splashbacks
- Some with balconies and sea views
- Half a mile from train station and
- town centre
- Four miles from airport - one hour
- flights to London and Manchester
- Suited to the young professional
- market
- Communal Reception
- Allocated Parking
Property now sold.
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