Tenure
Knowing the tenure of the property is important because it affects your rights to use the property and the costs of ownership.
Freehold means you’ll own the property and the land it's built on. You'll usually be responsible for the maintenance of the property and have more freedom to alter it.
For flats and maisonettes, the freehold is sometimes shared with other properties in the same building. This is known as a share of freehold.
Leasehold means you'll have the right to live in the home for a set amount of years (specified in the lease). The landlord (the freeholder) owns the land, and if the lease runs out, ownership of the property will go back to them. Lease lengths that are less than 80 years tend to be more complicated and can cause issues with mortgage lenders.
You can extend a lease but this can be expensive. If you'd like to make changes to the property, you'll likely need the landlord’s permission. You're also likely to have to pay an annual amount for ground rent and services charges which can be subject to change. It is good practice to check additional leasehold costs that will apply to the property and factor this into your budget considerations.
Shared ownership is a form of leasehold in which you buy a percentage of the property and pay rent on the share you do not own. You may be able to buy the remaining share at an extra cost. When you wish to sell the property, you may need permission to do so.
Commonhold is a type of freehold ownership for a property that's within a development. A commonhold or residents’ association owns and manages the common parts of the property (like stairs and hallways). You'll need to join the commonhold association and contribute towards maintaining the development. It is good practice to check additional costs that will apply to the property and factor this into your budget considerations.
Lease length
What it is
This is the number of years you have the right to live on this property. After this time, ownership goes back to the landlord (the freeholder).
Why it’s important
Properties with short lease lengths (80 years or less) can decline in value as they are less appealing. Mortgage companies may also be less willing to lend on it. You can extend the lease, but costs can be expensive, particularly for those properties with less than 80 years left on the lease. You should confirm the length of the lease and factor in these issues when buying a leasehold property.
Contact the agent for more details.
- Leasehold
- 24-hour on-site concierge
- Managed by carbis bay estate
- Private estate with sub-tropical gardens
- Private allocated parking
- Ev car charging
- One, two and three bedrooms available
- Walking distance to breathtaking beaches
- Luxury specification boasting nolte kitchens and miele appliances
- Show flat and on-site sales office available to visit now
Purchase your own piece of Cornish history at St Ives’ most exclusive address!
Treloyhan is a 19th century manor, built by local shipping magnate and former Mayor of St Ives, Edward Hain.
This breathtaking manor provides a rare opportunity to purchase a luxurious apartment with magnificent views across St Ives Bay and all within a stone’s throw of Cornwall’s most spectacular beaches.
Finished to the highest standard, these one, two and three bedroom apartments include bespoke Nolte German kitchens with fully integrated Miele appliances, Blanco sinks, Quooker hot water taps and luxury wine fridges.
The bathrooms enjoy floor to ceiling porcelain tiles and Villeroy and Boch sanitaryware complimented by brushed gold brassware and rain fall showers.
The bedrooms are fitted with Wool Loop carpets and all interior doors are oak panelled. All units benefit from an energy efficient electric heating system.
Outside, the property will enjoy the landscaped sub-tropical gardens, private parking spaces, access to ev charging spaces and a shared bicycle store.
With an on-site 24-hour concierge, buyers will enjoy access to five-star services at the world renowned Carbis Bay Hotel, that recently hosted the G7 conference. Access to their fine selection of restaurants and bars, including the Michelin starred Ugly Butterfly, their tranquil Spa and privately owned Blue Flag beach.
Lettings
We have partnered Carbis Bay Estate on holiday lettings, so if you are interested in letting your apartment when not in use, your guests can benefit from the five-star Carbis Bay Estate experience.
Further details on investment returns can be provided upon request.
Tenure
The apartments will be sold on a leasehold basis with the benefit of a 999 year term.
Distances
Porthminster Beach – 5 minute walk
Carbis Bay Beach – 10 minute walk
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