This week's Property of the Week is this beautiful seven-bedroom property in St Ives.

Planning permission has been granted for the conversion of this building into five flats. The property is currently two luxury apartments (with private parking and entrances) and an unfinished lower ground floor. The building has a good ROI that would only improve with the conversion.

Features:

  • Planning permission for extension to create three additional units
  • Good sea views from the property
  • Ample parking and gardens
  • Walking distance to Porthrepta beach and Carbis Bay train station.

Located within the popular sea side village of Carbis Bay, this property is currently divided into two large and very well appointed apartments creating an income producing main or second residence, or alternately a property for investment purposes.

Planning permission (PA16/11040) was recently granted to extend and re-configure the building to create three additional apartments. Full details are available through the agents.

Sitting in an elevated position the apartments enjoy good views over the Bay and are within easy reach of the beach.

Falmouth Packet:

WHAT IS THE PROPERTY LIKE?

The building contains two very large apartments, the lower of which could be easily re-configured to create two units.

The upper apartment has glorious views over Carbis Bay from the principal rooms and large balcony. An open plan design incorporates a large sitting room, dining area and kitchen. Two double bedrooms, both with walk in wardrobes, flank a family bathroom.

Downstairs, accessed either from the communal front entrance hall, or through the garden doors from the rear is a five bedroom apartment. Each bedroom is a double and one includes an en-suite. The sitting room opens on to a covered veranda with steps leading down to a garden and large gravelled parking area.

Falmouth Packet:

Currently the lower ground floor (accessed from the front garden by a pair of French doors) has been prepared for the installation of an indoor swimming pool which includes a finished concrete shell of the pool, however it has not been lined, nor plumbed.

Currently used as successful holiday lets, each apartment is finished to a high standard and they have been very well maintained.

The planning permission allows for an extension to be added to the lower ground and ground floor of the building. This allows the creation of a garden apartment and gives room above to convert the existing flat into three two bedroom units.

Additionally, re-configuration of the upper apartment adds an additional bedroom.

Falmouth Packet:

WHAT IS THE SURROUNDING AREA LIKE?

Carbis Bay is a popular village overlooking the sparkling waters of St Ives Bay. It has a range of local amenities including shops, church and primary school and there is a supermarket within walking distance of the property.

St Ives is the nearest town at around a mile away and offers additional facilities including a secondary school.

Within walking distance is Carbis Bay train station, a stop along a picturesque branch railway that connects Carbis Bay with St Ives (three minutes) and the main line at St Erth (nine minutes).

Falmouth Packet:

The A30 is three miles distant and connects with many of the main Cornish towns and the M5 at Exeter.

Carbis Bay Beach is accessed at the end of the road which runs past the property and comprises a large stretch of golden sand running from Porthminster Point to Hawke's Point. The coastal footpath offers views of some of the finest scenery in the country, as do the walks across the Penwith Moors.

WHERE IS IT?

GUIDE PRICE: £995,000