1 bed (for sale) Porthmeor Road, St. Ives, Cornwall TR26

£895,000
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Knight Frank - Exeter Sales
19 Southernhay East, Exeter
01392 976011
First Published

10th Apr 2021

Last Published

30th Nov 2021

 

Features

  • Type:
  • Bedrooms: 1
  • Listing status: sale
  • Country: England

Description

Apartment One, Seawall Court is the most idyllic and quintessential waterfront home situated in an outstanding beachside setting on the famous Porthmeor Beach in the heart of St Ives. This first floor apartment is situated in a frontline, prime waterfront position with breath-taking, panoramic coastal views overlooking Porthmeor Beach and out to sea. It is currently rented out for short holiday lets through Aspects Holidays.

The property is approached off Porthmeor Road with the access for one vehicle off the slipway through a garage door. This leads into an inner, protected courtyard off which is a private carpark, with one bay designated for Apartment One Seawall Court. The car park space is immediately to the right of entrance. Within the garage Apartment One has use of a lock-up cupboard as part of the lease.

The communal front door leads into a lobby with stairs leading up to the first floor. This provides access to both Apartments One and Two. Apartment One consists of an open plan kitchen/living room with a cantilevered bay window protruding over the sandy beach below. It is truly breath-taking. The kitchen has gas hobs and an electric oven. To the rear are the family bathroom and the bedroom.

Investment/Holiday Rental
The property generates a rental income with a gross profit of around £30,000 in a normal year of trading through Aspects Holidays. Financial reports for the last five years are available on request. The apartment is nearly fully booked until November 2021. Change over days are Saturdays.

Tenure and management costs
The property is on a 999 year lease from 13 August 1999. Management and service costs are approximately £1,500 per annum and this includes caretaker and the cleaning of communal areas costs.

North Cornish Coast
The property lies within easy walking distance of the St Ives Harbour and all the shops and galleries including the Tate Gallery. The clarity of light, sandy beaches and turquoise waters of St Ives have attracted artists and those seeking an outstanding quality of life since the 19th century. Centred on a working harbour, the winding cobbled streets that were once the homes and inns of sailors and fishermen are now vibrant with restaurants, pubs and cafes; showcasing Cornwall's fabulous delicacies.

The cliff top walks to the west of St Ives are exhilarating while boutiques and galleries provide a more tranquil afternoon. Most notably, the town is now also home to the landmark Tate Gallery, the famous Barbara Hepworth Museum and the Bernard Leach Pottery.

Outdoor activities Icon
There is excellent surfing at both Porthmeor Beach and at St Ives Bay. These are two of the most sheltered beaches in the area, ideal for swimming and more leisurely water sports. The South West Coast Path links Carbis Bay Beach and the rail station to Porthminster Beach in St Ives which is home to the award-winning Porthminster Beach Café.

Overlooking the Hayle Estuary at nearby Lelant (2.5 miles), there is a spectacular links golf course with views stretching up towards Godrevy Lighthouse.

Travel Icon
A branch railway line links St Ives to the main Penzance to Paddington line at St Erth (5.5 miles) with trains from there taking about 5 hours to reach London.

Newquay Airport is about 40 miles away and offers daily flights to London Stansted, London Gatwick and a growing number of cities across the UK.

Recent and on-going improvements to the main A30 Trunk Road now provide fast access to the M5 motorway network at Exeter.

Shopping icon
The towns of both St Ives and Carbis Bay are well served with doctors, dentists, professional services, shopping including supermarkets, a leisure centre and schooling. There are many cafés, bars and restaurants around St Ives harbour and the area is renowned for its artist community with plenty of galleries.

 

Local info for TR26

Floor plan

 

Property Value Data/Graphs for TR26

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 21.1% £463,253 1.9 1.3
Detached house 17.5% £778,793 3.7 2.4
Semi-detached house 9% £507,333 3 1.7
Terraced house 9% £566,330 3.7 1.5
End terrace house 7.2% £834,583 3.8 2
Villa 7.2% £450,833 2.5 2
Detached bungalow 6% £436,000 2.9 1.7
Cottage 5.4% £486,661 2.2 1.1
Land 4.8% £223,125 0.3 0.1
Bungalow 3% £602,000 2.6 1.4
Other 2.4% £302,500 0.8 0.8
Maisonette 2.4% £496,238 2.8 1.8
Lodge 1.2% £120,000 4 4
Parking/garage 1.2% £64,975 0 0
Mobile/park home 0.6% £55,000 2 1
Barn conversion 0.6% £275,000 0 0
Town house 0.6% £360,000 2 4
Semi-detached bungalow 0.6% £170,000 2 1

Area Information

Average Price Paid

£391,285

Sales

1535

Current Average Value

£531,859

Value Change

£140,574 35.9%

 

Current Asking Prices in TR26 Average: £531,859

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £446,000 (5) £359,309 (29) £538,570 (42) £824,167 (18) £788,333 (9)
Flats £266,244 (8) £447,126 (23) £698,564 (7) £895,000 (1) -
All £335,381 (13) £392,997 (53) £561,427 (49) £760,476 (21) £788,333 (9)

Nearby Properties

4 bed Detached house () Pannier Lane, Carbis Bay, St. Ives TR26 £2,950,000
6 bed Detached house () Mousehole Lane, Mousehole, Penzance TR19 £2,000,000
5 bed Detached house () Steeple Lane, St. Ives, Cornwall TR26 £2,000,000
7 bed Detached house () Porthminster Point, St. Ives, Cornwall TR26 £1,950,000
5 bed Detached house () Carbis Bay, St. Ives, Cornwall TR26 £1,850,000
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