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Falmouth

South West

£800,000
Listed on 08/02/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a significant opportunity for renovation or redevelopment in a prime location. Previously home to the St Johns Guest House, which was demolished in 2022, the site is now primed for your vision with existing planning permissions in place for two distinct replacement dwelling designs. One plan, approved in April 2023 (Cornwall Council application number: PA23/01450), maintains an Edwardian architectural style and size. The second design, granted in August 2023 (application number: PA23/04491), offers a more compact three-storey layout while still providing 370 square meters of living space. Located just two minutes from Cliff Road and the seafront, and within walking distance of Events Square and Falmouth’s town center, this elevated plot benefits from its proximity to local amenities and attractions. A nearby footpath facilitates easy access to scenic areas such as Gyllyngdune Gardens and Tunnel Beach, enhancing the appeal of the location for future residents or renters. As a freehold property with essential services—mains electricity, water, drainage, and gas—available either on-site or adjacent to it, prospective buyers have a solid foundation for development. Importantly, Cornwall Council has issued a Community Infrastructure Levy (CIL) Liability Notice indicating that no CIL payment will be required due to a 'Self-Build Exemption.' This exemption presents an advantageous financial aspect for anyone looking to build their own home. Given the ongoing demand for housing in Falmouth's desirable areas combined with its close-knit community atmosphere, this site offers excellent investment potential. Those who purchase will not only secure land in one of Cornwall's most sought-after locations but also have flexibility in executing their design ideas. With renovation plans already laid out and an ideal position near both the coast and town life, this property is truly a unique find for developers or self-builders keen on capitalizing on both location and design flexibility.

Investment Analysis

(TR11 area)
Area Average
£407/sq ft
Avg Rent (weekly)
£353
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£80,000 - £200,000
10-25% of property value
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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