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Berkeley Cottages, Falmouth

South West

£225,000
Listed on 21/05/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
676 sqft

Description

This charming terraced house offers a promising canvas for renovation in a desirable area of Falmouth, making it an appealing prospect for those eager to invest in a property with significant potential. With its classic layout and solid structure, this home is well-suited for updates that can transform it into a personalized living space. The ground floor features a welcoming living room that leads into an additional reception area or dining room, providing flexibility for various uses. The kitchen, equipped with a basic range of units, has access to a rear courtyard—an outdoor space that could be revitalized into an inviting garden or patio for relaxation and entertaining. Upstairs, the property includes a spacious master bedroom along with a good-sized single bedroom. A bathroom fitted with a shower over the bath completes this level, offering functionality while presenting opportunities for modern upgrades. The presence of gas central heating and double glazing contributes to the property's comfort and energy efficiency. Located in Falmouth, the residence benefits from easy access to the area's stunning beaches, rich maritime heritage, and diverse selection of local amenities including shops, cafes, and restaurants. With excellent public transport links nearby and numerous attractions within reach, this location not only enhances quality of life but also holds strong investment potential as demand in the area remains robust. This property is an ideal candidate for those looking to put their stamp on a home while capitalizing on Falmouth's growing appeal.

Investment Analysis

(TR11 area)

Below Market Value

This property is priced -16.9% below area average per sq ft

-16.9%
Potential saving
This Property
£333/sq ft
Area Average
£401/sq ft
Avg Rent (weekly)
£517
Avg Yield
6.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£297,849
10% above area average per sq ft
Potential ROI
+16.8%
After renovation
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

Berkeley Cottages, Falmouth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£824
Based on a loan of £168,750 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