# Studio flat for rent (TR7 3LX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 5, SPINDRIFT, WATERGATE ROAD, NEWQUAY, CORNWALL TR7 3LX |
| Price | £1,550 pcm |
| Bathrooms | 1 |
| Construction age | England and Wales: 1967-1975 |
| Floor area | 57 m² |
| Last sold | £262,500 Jan 2025 |

## EPC Rating & Upgrade Cost

- **Current rating:** E
- **Potential rating:** D
- **Current heating cost:** £657/year
- **Est. upgrade cost to C:** £2,065

### Recommendations
- B (£500 - £1,500)
- E (£15)
- L (£900 - £1,200)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8727-7820-1989-7473-2902)

## Description

Looking for a short-term let? This spacious, fully-furnished studio with a separate bunk room at SeaSpace is the perfect place to unwind. Drift off in a king-size bed, cook up a storm in the open-plan kitchen, and relax with ocean and country views.

Located on the edge of Newquay, the aparthotel offers a unique blend of kicking back in your own studio and joining the SeaSpace community.

The studio offers a king-size bed, a cosy sofa with coffee table, and a versatile dining area that can also be used as a workspace. An open wardrobe provides convenient storage. The contemporary open-plan kitchen is fully equipped with an oven, hob, microwave, fridge, kettle, dishwasher, and all the essential crockery and utensils. A separate bunk room, enclosed by a sliding door, adds extra sleeping space, while the private en-suite bathroom features a modern shower

## Property Photos

- ![Living Space](/listings/photos/169778783/399940) - Living Space
- ![Drone](/listings/photos/169778783/399941) - Drone
- ![Living Space](/listings/photos/169778783/399945) - Living Space
- ![Living Space](/listings/photos/169778783/399946) - Living Space
- ![Living Space](/listings/photos/169778783/399949) - Living Space
- ![Kitchen](/listings/photos/169778783/399956) - Kitchen
- ![Shower Room](/listings/photos/169778783/399960) - Shower Room
- ![Pool](/listings/photos/169778783/399961) - Pool
- ![Cafe](/listings/photos/169778783/399963) - Cafe
- ![Cafe/Workspace](/listings/photos/169778783/399965) - Cafe/Workspace
- ![Gym](/listings/photos/169778783/399966) - Gym

## Floorplans

- ![Studio Floorplan](/listings/photos/169778783/399968) - Studio Floorplan

## Rental Range

*ONS Price Index of Private Rents (Cornwall). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £902/mo
- **Realistic:** £1,002/mo
- **Optimistic:** £1,102/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Hilgrove Road, TR7 | £995/mo | 2 | 1.1 miles | OpenRent |
| 2 Bed Flat, Cranstar Apartments, TR7 | £925/mo | 2 | 1.1 miles | OpenRent |

**Average rent: £960/mo (2 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £960/mo).*

- **Gross yield:** 743.2%
- **Monthly cashflow:** £833/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 2223.5%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £27/m²

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)