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Falmouth

South West

£235,000
Listed on 23/08/2025

Property Details

Bedrooms
2
Type
Flat
Area
904 sqft

Description

This ground-floor flat features two spacious double bedrooms and boasts the enviable addition of a sizable private rear garden, an uncommon find in Falmouth. Nestled along Penwerris Lane, the property offers picturesque views over the river towards Flushing while being conveniently located within walking distance to the town centre. The accommodation is in need of modernization, providing an excellent opportunity for renovation that can increase its value. As you enter, you are greeted by a generous living room with patio doors leading directly to the balcony and garden—ideal for those who appreciate outdoor space. The kitchen, although requiring updates, includes ample cabinet space and offers views over the garden and river. Both bedrooms are well-proportioned; the main bedroom features direct access to the balcony with charming garden views. The second bedroom also benefits from built-in wardrobes and a window that lets in natural light while providing glimpses of the river. The shower room includes a walk-in shower and modern amenities but could also benefit from some enhancements. A notable feature of this property is its large private garden, densely planted with mature shrubs and small trees, creating a tranquil retreat that is solely dedicated to this flat. Several paved seating areas throughout offer opportunities for outdoor relaxation or gardening pursuits. There is also a designated parking space at the front for added convenience. While some internal updates are needed to bring this flat to its full potential, it presents an excellent investment opportunity for those looking to make their mark on a property in a desirable location. With high demand in this area, especially for properties that can be personalized, interested buyers are encouraged to arrange a viewing soon.

Investment Analysis

(TR11 area)

Below Market Value

This property is priced -36.1% below area average per sq ft

-36.1%
Potential saving
This Property
£260/sq ft
Area Average
£407/sq ft
Avg Rent (weekly)
£353
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£23,500 - £58,750
10-25% of property value
Target Value
£404,671
10% above area average per sq ft
Potential ROI
+37.8%
After renovation
Monthly Sales
33
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (TR11)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 5.3%
5 year growth: 26.5%
Investment Disclaimer: Analysis based on TR11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Falmouth
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