Summary - PENLEE FLATS, 2 1 TOWER PARK FOWEY PL23 1JB
2 bed 2 bath Apartment
- Panoramic harbour and estuary views from large open-plan living area
- Approximately 1,368 sq ft; unusually spacious for a two-bedroom flat
- Two tandem off-street parking spaces included
- Share of freehold; no ground rent
- Service charge approx £3,112.86 per year
- Requires renovation; bathrooms need modernising
- Only 66 years remaining on the lease — may affect mortgage availability
- Short walk to Readymoney Beach and Fowey town centre
Exceptionally positioned on Tower Park, this ground-floor two-bedroom apartment delivers panoramic harbour and estuary views from a generous open-plan living space. The large footprint (approximately 1,368 sq ft) and an additional study/occasional third bedroom provide flexible accommodation suited to a main home, coastal second home or holiday let. Two tandem off-street parking spaces are included, and the property is chain free.
The building is a converted pre-1900 granite property with character features and high ceilings in the living room. The leaseholder owns a share of the management company (share of freehold) and there is no ground rent. Service charges average £3,112.86 per year and council tax is band E.
Important practical points: the flat requires renovation — both bathroom and shower room need modernising — and the property has approximately 66 years remaining on the lease. This is likely to restrict mortgage options and some lenders may refuse to lend until the lease is extended. Vendors report they have applied for a lease extension and do not expect impediment.
Location is a key strength: a short walk to Readymoney Beach, coastal paths and Fowey town centre, with excellent local amenities for leisure and boating. Broadband speeds are slow locally despite excellent mobile signal. Buyers should weigh the exceptional setting and size against the renovation work and lease-related finance hurdles.
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