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Falmouth

South West

£315,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Bungalow

Description

This elevated, detached two-bedroom bungalow presents a unique opportunity for those looking to invest in a property with significant renovation potential. Located in a desirable residential area, the home boasts delightful views over rooftops towards Tregoniggie Woods. Coming to market for the first time in over three decades, it retains much of its original charm, featuring an old-fashioned fitted kitchen, a bathroom, and an attractive Delabole slate fireplace in the sitting room. The home has undergone some modernization, including gas central heating and UPVC double glazing in most areas. The layout includes an L-shaped reception hall leading into a spacious lounge that seamlessly connects to the dining area. Two generously-sized bedrooms offer ample space for family or guests. The outdoor space comprises easily manageable gardens and a long driveway that could potentially accommodate multiple vehicles or even be developed into additional parking or garden structures (subject to planning permissions). The location offers convenient access to local amenities in Falmouth's vibrant town centre, enhancing its appeal as either a personal residence or rental investment project. Viewing is highly recommended to appreciate the full potential this property has to offer.

Investment Analysis

(TR11 area)
Area Average
£403/sq ft
Avg Rent (weekly)
£533
Avg Yield
7.0%

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
31
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TR11)

Area prices are falling by -2.9% over the last 12 months
3 year growth: -0.7%
5 year growth: +13.9%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,116
Based on a loan of £236,250 over 30 years at 3.91% 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.

Price History

-3.1% since listed
£315,000£10,000(-3.1%)
06/07/2024
Current price
£325,000Initial listing
19/01/2024

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