Summary - Flat 7, Penlee Apartments Tower Park PL23 1JB
1 bed 1 bath Apartment
Chain-free one-bedroom close to beach and town centre.
Panoramic estuary and sea views from sitting room and kitchen
Top-floor Flat 7 occupies a prominent spot on Tower Park with uninterrupted estuary and sea views from the sitting room and kitchen. The apartment is compact but well laid out: an airy sitting room, a double bedroom with eaves storage, a functional bathroom and a kitchen with space for dining. A private off-street parking bay is provided for one vehicle and shared lawned communal grounds sit to the rear.
The location is the strongest selling point — Readymoney Beach and Fowey’s harbour and town centre are a short, pleasant walk away. The area is affluent and popular with sailing enthusiasts, holidaymakers and those seeking a coastal lifestyle; the flat has clear potential as a main home, second home or holiday let given its views and proximity to amenities.
There are important practical matters to note. The property is leasehold with 65 years remaining; many mortgage lenders will be reluctant to lend against such a short lease, which will affect marketability and may restrict some buyers to cash purchase. The annual service charge is substantial and broadband speeds are slow, which may matter for buyers needing reliable home working connections. The kitchen fittings are dated and would benefit from modernisation to raise standards and rental potential.
Overall this is an attractive, characterful coastal apartment with genuine location value and clear income or lifestyle appeal, but the short lease and running costs are material considerations that any buyer must factor into financing and future plans.
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