3 bed terraced house for sale

Finnygook Lane, Torpoint PL11

Property Description

Step into coastal elegance at 4 The Fish Cellars, a stunning retreat carved from 17th-century stone and reimagined into a haven of modern luxury. Its perfect for a second home or someone looking for a Holiday Let investment with a potential 11% return. Nestled just 30 metres from the beach in the tranquil village of Portwrinkle the property offers panoramic sea views and indulgent amenities, whilst benefitting from being in a secure development it is perfect for those looking to lock up and leave.

Without doubt this is a property that offers a warm and quirky charm to it, with accommodation over 3 floors its a perfect get away. The open plan top floor, with its vaulted ceiling and exposed beams, is one of the features of the property. There is a modern fully fitted kitchen to the rear of the room opening out into the living/dining room. There are French Doors leading out on to the balcony, but even in the coldest of days you can sit and storm watch out to sea from the comfort of your armchair.

The balcony has a southerly facing aspect, making it the perfect place to enjoy the afternoon and evening sunshine with the added luxury of a plunge pool hot tub. Imagine sitting in the hot tub as the sun sets, with a glass of wine whilst enjoying the splendour of the Cornish Coast line.

The ground floor accommodation is predominantly the sleeping area, with 2 double bedrooms, both with spacious En-suites and an amazing Childs bunk room, complete with ambient lighting. The kids will love it.

On the lower ground floor there is a further reception room which is currently subdivided to make another sleeping area with a double bed and a sofa area, please note due to it being below ground floor there is no natural light but the way it's designed is ideal for older children. Especially as there is a further shower room on this floor.

The parking space is located in a secure underground parking bay on the lower ground floor and accessed via remote doors at the front of the development. There is a door on this level giving access to the property.

The development is made up of 5 individual properties, most of which are used as luxury holiday accommodation, there is a communal area to the front of the properties that has been tastefully landscaped and access in to the development is view a keypad .

The current owners bought the property as a luxury holiday let and with its location and views it really can be a fantastic investment. Due to now marketing the property it is now only let to friends and family and for a minimum of 7 days. But, others within the development are doing minimum 3 night stays which dramatically increases the occupancy and ultimately the return.

If you are looking at the property as an investment, below is chart showing the rental figures the owners were achieving from 2020 to 2024. These are all based on 7 day lets, but will give you an idea of the potential income. Xmas and New Year £2240 £1890 £2240 £2540 £2540

Feb Half Term £1240 £1240 £1340 £1840 £1840

Easter £1690 £1540 £1890 £1740 £1740

May Bank Holidays £1340 £1340 £1890 £1840 £1840

May Half Term £1940 £1940 £2200 £1840 £1840

Summer Holidays £2540 £1840 £2890 £2640 £2640

August Bank Holiday £2540 £1840 £2890 £1540 £1540

Oct Half Term £1940 £1630 £2140 £1840 £1840

Please note these are just prices for peak weeks to give any potential buyer an idea of potential returns on their investment.

Area Description

Portwrinkle is a small seaside village on the Cornish Coast with direct access to the beach. The village is a short distance from larger towns such as Torpoint, Saltash and Looe where you will find all the amenities you would expect from a larger town, whilst within walking distance you have the Finnygook Inn and Cawsand Golf Club.

Outside of these peak periods the industry norm is around 50% occupancy at the lower end of the weekly income, so 20 weeks let at an average of £1100 a week = £22,000

The vibrant city of Plymouth, is within easy reach either via the Torpoint Ferry or around through Saltash. With its mainline train station and the Devon Expressway it offers easy access to Exeter and beyond along with the Ferry Port to France and Spain.

Council Tax Band - B

EPC Rating - C

Tenure – Leasehold (Own a 1/5th share of the Freehold)

Lease Length 980 years remaining

Service Charge £3500 pa

Broadband

Mobile Coverage


Availability: Ultrafast broadband (fttc) is available in the area

Mobile Coverage: 4G Coverage is available in the area- please check with your provider.

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Utilities: Oil Fired Water and Heating, Electricity and Mains Water and Drainage Connected

Disclaimer

Disclaimer: Whilst these particulars are believed to be correct and are given in good faith, they are not warranted, and any interested parties must satisfy themselves by inspection, or otherwise, as to the correctness of each of them. These particulars do not constitute an offer or contract or part thereof and areas, measurements and distances are given as a guide only. Photographs depict only certain parts of the property. Nothing within the particulars shall be deemed to be a statement as to the structural condition, nor the working order of services and appliances