Prospect House Flat 2
£225,000 ono : 2 bedroom apartment

Status: SOLD
Tenure: Leasehold

One of three spacious two bedroomed at present holiday apartments but could just as easily be individual homes. Situated in the centre of Hugh Town fronting a quiet
backwater which is predominantly pedestrian and therefore a few minutes walk from all the towns amenities including the harbour of St. Mary’s.

Flat 2 is a centre floor flat (first floor) with windows to the front and rear. The accommodation comprises: Well fitted Kitchen including Dining Area from which direct access leads to the Lounge Area. Inner Hallway. Two Double Bedrooms. Shower Room.

Outside area reserved for bin storage. To be sold with all furniture, furnishings, fixtures and fittings and forward reservations for the current season.


From Well Lane an internal footpath leads to the rear of Prospect House and a short concrete staircase leads to the front door of Flat 2. As you pass through the front door on the right hand side there is a built in cupboard for storage and cloaks. Then directly into:

Dining Room / Kitchen 15’4” X 7’6” Having a tiled effect vinylay covered floor. There are two base kitchen units with matching wall cupboard and beech wood effect melamine working surfaces. Fittings include an inset single drainer stainless steel sink with splash back wall tiling and other fittings include under counter Beko refrigerator, Hygena oven with four ring hob over, cooker hood, Indesit dishwasher, AEG washing machine. A skeleton half wall separates the dining room/ kitchen area from:

Lounge area 15’4” X 6’2” Wall mounted electric convector
radiator. Eight power points. Television socket. From the dining area a Hall with two power points leads to:

Bedroom (at present a double bedded room) 10’4” X 10’0” Built in cupboard housing the factory insulated hot water tank with fitted immersion heater and shelving for storage. Built in double wardrobe. Electric wall mounted convector radiator. Six power points.
Bedroom (at present a twin bedded room) 9’7” X 8’10” Built in double wardrobe. Electric wall mounted convector radiator. Six power points.

Shower Room 6’8” X 4’10” The walls are panelled in Respatex panelling and there is a tile effect vinylay covered floor. Fittings include a glazed shower cubicle with sliding door and Mira Sport electric shower. Low level w.c. Pedestal wash hand basin with wall mirror and fluorescent light / shaver socket over. Electric wall mounted towel rail. Electric ventilation.

Outside There is an area reserved for bin storage

FURNISHINGS: All furniture, furnishings, fixtures and fittings as seen in the apartment are included in the sale price. Sufficient crockery, cutlery, glassware etc to cater for the number of persons advertised and to meet the Visit
Britain requirements.

SERVICES: Mains electricity, water and drainage are connected

ASSESSMENTS - RATES / COUNCIL TAX: At present Flats 1, 2 and 3 are assessed to one Rateable Value of £10,750 and rates payable on all three flats for the year 2017 / 2018 is £4820.79 including current transitional relief. When sold individually the flats will then be individually reassessed to either a rateable value or a council tax band subject to the use. Water / sewerage charge on each flat is £548.87

INSURANCE: Current total insurance premium £499.00 per annum to include Flats 1, 2 and 3.

HOLIDAY RESERVATIONS: Currently the Vendors together with Scilly Self Catering handle lettings whilst the Vendors themselves carry out changeover s and maintenance. Holiday reservations are continually being taken for 2017 and we are able to provide a list and rentals agreed to any seriously intending purchaser.

TENURE: The apartment will be sold on a 999 year lease at a non escalating ground rent of £50 per annum. A limited company will be formed and when all flats are sold each owner of a Prospect House apartment will, automatically, become a Director of the limited company. The freehold will be transferred to that company immediately the last flat has been sold. It is then usual for all owners to meet on an annual basis to discuss the level of maintenance required during the forthcoming year and the continuance of the property insurance. Individual contributions will be then made by owners in the following proportions: Flat 1 30%; Flat 2 30%; Flat 3 40%

Flat 2, Propect House, Well Lane, St Mary's. TR21 0HZ

Map Please Note: The map is intended as a guide only and
the precise accuracy of the property cannot be guaranteed


The information given in these particulars is intended to help you decide whether you wish to view this property and to avoid wasting your time in viewing unsuitable properties. We have tried to make sure that these particulars are accurate, but to a large extent we have to rely on what the seller tells us about the property. We do not check every single piece of information ourselves as the cost of doing so would be prohibitive and we do not wish to unnecessarily add to the cost of moving house.

Once you find the property you want to buy, you will need to carry out more investigations into the property than it is practical or reasonable for an estate agent to do when preparing sales particulars. For example, we have not carried out any kind of survey of the property to look for structural defects and would advise any homebuyer to obtain a surveyor’s report before exchanging contracts. If you do not have your own surveyor, we would be pleased to recommend one.

We have not checked whether any equipment in the property (such as central heating) is in working order and would advise homebuyers to check this. You should also instruct a solicitor to investigate all legal matters relating to the property (e.g. title, planning permission etc.) as these are specialist matters in which estate agents are not qualified. Your solicitor will also agree with the seller what items (e.g. carpets, curtains, etc) will be included in the sale.