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Falmouth

South West

£315,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This elevated detached bungalow presents a distinctive opportunity for renovation and investment in a desirable residential area. Situated on an expansive terraced plot, the property offers scenic views stretching across rooftops to Tregoniggie Woods, creating an inviting backdrop. Having been in the same ownership for over 30 years, this home retains its original charm, featuring period details such as a Delabole slate open fireplace in the sitting room and internal dark wood finish doors. While certain upgrades have been made, including gas central heating and UPVC double glazing in most rooms, there remains considerable potential for customization and modernization. The layout consists of two spacious double bedrooms, an L-shaped reception hall that guides you to the main living areas, a lounge that flows into a dining space, a kitchen with enduring character, and a utility room that adds functional space. Outside, the grounds are manageable with simple lawned areas and established garden features. A long driveway runs alongside the property, providing ample opportunity for expansion or additional parking—subject to obtaining necessary planning permissions. The location benefits from easy access to local amenities via regular bus services into Falmouth's town center. Here you can explore a mix of independent shops and well-known retail brands, alongside numerous restaurants and entertainment options including The National Maritime Museum and various cultural venues. The picturesque seafront is within walking distance, offering scenic views and recreational opportunities along its coastline. Given its prime location and abundant renovation potential, this bungalow represents an ideal investment opportunity for those looking to create their dream home or enhance its value in this sought-after area. An early viewing is recommended to fully appreciate what this property has to offer.

Investment Analysis

(TR11 area)
Area Average
£401/sq ft
Avg Rent (weekly)
£517
Avg Yield
6.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TR11)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -1.0%
5 year growth: 18.6%
Investment Disclaimer: Analysis based on TR11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,154
Based on a loan of £236,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE