Keller Williams UK
2 bed Apartment Sold STC

Garden Flat, Tremorna House, Wheal Margery, St. Ives, Cornwall

£425,000

Property Description

  • Stunning front line views & the sound of the sea
  • Allocated parking
  • Completely renovated in 2021
  • Perfect holiday let or main home
  • Walking distance to beach and town
  • Private veranda and large communal gardens

Built in 1890 and believed to have once been home to the St Ives School of Artists, Tremorna House is a Victorian villa that has been converted into 8 apartments, 5 of which are currently run as holiday lets. This ground floor two bedroom property (accessed via a small number of steps) has stunning front line views of Carbis Bay, Godrevy and Hayle from the veranda and reception room. If you're lucky you can see dolphins playing in the bay below and the odd whale! Equally spectacular are the gannets diving from a great height for fish and regularly seen.

Carbis Bay beach is just a few minutes walk away via the South West Coastal path which is accessed directly from the property and St Ives around 15 minutes walk also along the coastal path in the opposite direction.

It’s currently used as a main residence but would also be a perfect holiday let with gross income projections from Cornwall Cottage Holidays of up to £31,000 in the first year. It also comes with allocated parking for one car.

The property was completely refurbished in 2021. Both of the bedrooms are en-suite and in addition to the private veranda there are beautiful communal gardens to enjoy.

The full refurbishment completed in 2021 included:
New kitchen & Amtico flooring
New bathrooms and bathroom floors.
Restoring the original floorboards and parquet flooring
New ceilings, walls, doorframes, doors, skirting and architraves.
All new double glazed windows and French doors.
New flat roof in kitchen with 2 lantern skylights, one with remote opening and rain sensor.
Refurbished porch
Completely rewired and replumbed
Mains fire alarms, CO2 alarms and regulation fire doors - fully compliant under new laws (as from October 23) for holiday lets.
New gas central heating, combi boiler and heating system.
New carpets.

A tour of the apartment
Kitchen
The apartment is accessed via the side of the building down a small number of steps which lead to the porch. Through the porch into the stunning new kitchen which has underfloor heating, Amtico flooring and two lantern skylights, one of which is remote controlled and has a rain sensor. Integrated appliances include a 5 ring gas hob and extractor, double oven and grill, eye level microwave, washer/dryer and fridge/freezer

Off the spacious hallway are the two en-suite bedrooms and a reception room with spectacular views over the ocean.

Sitting room
The spacious reception room has the most spectacular views over to Godrevy and beyond. The flooring is a combination of original floorboards and recessed carpet and original granite hearth.

The view from the sitting room really has the wow factor and is one of the best in the area. You can hear the sound of the waves from the private veranda and watch the sunrise over the turquoise ocean. The perfect spot for your morning coffee or evening sundowner. This apartment also has direct access to the beautiful communal gardens.

Bedrooms
Bedroom 1 (en-suite)
The main bedroom has original parquet flooring and double glazed French doors that open onto a small courtyard. The large wardrobes and double bed in the main bedroom are included in the sale. This bedroom has an en-suite bathroom with bath and shower over, WC, sink, heated towel rail and light sensitive extractor fan. All newly installed in 2021.

Bedroom 2 (en-suite)
The double bed in the second bedroom can also be included in the sale if required. Double glazed windows in this room and throughout the property. The second bedroom also has it’s own ensuite shower room with corner shower, WC and vanity unit and light sensitive extractor. The shower room can also be accessed from the hallway.

Parking, the communal gardens and access to the SW Coastal path
There are stunning views from the communal gardens and two sheds which residents share and use for storage. Just below the communal garden, a woodland adjoins the SW coastal path to which residents have right of way. The current owners have cultivated part of this with a small vegetable patch.

Interested in holiday letting?

The property insurance which is included in the annual service charges covers holiday letting and there is already planning permission for the Garden Flat to be used as holiday let. Some of the furniture is included in the sale to give you a head start.

Cornish Cottage Holidays have provided the following income projections for the flat which they indicate are conservative.
Year 1 between £25,357 - £30,992
Year 2 £27,132 - £33,161
Year 3 £28,216 - £34,487

Other information
Construction type: Pebble dash brick and tile
Gas central heating
We understand that the property is connected to mains services of gas, electricity, water and drainage
Double glazed throughout
Tenure: Leasehold - 999 years from 1989 but the 8 flats share the freehold of the building
Council Tax - Band C
EPC -current E potential C
Ground rent £50 per annum
Service charge varies and decided by the apartment owners at AGM - this year it is expected to be £3500 paid in two instalments
The property is accessed via a private road and there are steps down to the property
Management company - Tremorna House Property Management Co Ltd
Broadband speed download 29-32Mbps upload 6-7 Mbps. Mobile signal 4G with majority of providers

About the area
Carbis Bay boasts a pristine, sandy beach, often regarded as one of Cornwall's finest, offering serene waters perfect for swimming and water sports. St Ives captivates visitors with its charming harbour dotted with colourful fishing boats and cobbled streets lined with art galleries, reflecting its legacy as an artist's haven. Galleries include the Tate St Ives and the Barbara Hepworth Museum. In fact it’s said that Barbara Hepworth regularly hosted parties for fellow artists at Tremorna House! St Ives is a foodies heaven, with fabulous restaurants and wonderful independent shops.

Carbis Bay and St Ives are year round holiday destinations and a great investment area. Prices in the area have risen by 40% in the last 5 years highlighting the demand for properties in this little slice of paradise.
Council tax band: C

To discuss this property please contact Vicky Jones on: