8 bedroom detached house for sale

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8 bedroom detached house for sale

Trenance Road, Newquay TR7
£650,000

Our Summary

  • Investment Opportunity – 8 Tenanted Units with Planning for High-End Development
  • A superb opportunity for investors and developers
  • Planning Approved – 6 High-End Flats:
  • Recently approved for conversion to 6 luxury flats (1x 1-bed, 5x 2-bed), expanding lettable area to 464 sq/m (80% uplift)
  • Excellent links via rail and air, plus projects like Spaceport Cornwall and Nansledan housing boost investment potential
  • Contact us today to secure this rare dual-income and development opportunity

Description

This investment opportunity presents a freehold property with 8 self-contained units, 5 one-bedroom flats and 3 studios, fully tenanted and generating over £55,000 per annum with low outgoings. The property is located in an elevated position with sea views from several units, making it an attractive option for tenants and future buyers. The current layout includes a mix of one- and two-bedroom flats, with planning permission approved for conversion to 6 high-end luxury flats, increasing the lettable area by 80%. The property benefits from a prime location in Newquay, with steady growth and demand driven by remote workers, lifestyle movers, and holiday lets. With excellent links via rail and air, and projects like Spaceport Cornwall and Nansledan housing, this investment has significant potential for returns.