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Chestnut Close, Falmouth, Cornwall, TR11 - Image 1
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Chestnut Close, Falmouth, Cornwall, TR11 - Image 10
Chestnut Close, Falmouth, Cornwall, TR11 - Image 11

Chestnut Close, Falmouth, Cornwall, TR11

South West

£220,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
769 sqft

Description

Nestled in a tranquil cul-de-sac, this two-bedroom terraced house presents a noteworthy opportunity for buyers interested in renovation or investment. Currently functioning as a rental property, it holds promise as a solid investment or as an appealing choice for first-time homeowners eager to customize their living space. The ground floor features a roomy living area that flows into a practical kitchen with an adjacent dining space. This layout not only maximizes functionality but also provides direct access to a private rear garden, perfect for outdoor relaxation or gardening endeavors. Ascending to the upper level, you'll find two generously sized bedrooms along with a family bathroom. While the property has been well cared for, there is ample scope for modernization and personal touches that could significantly elevate its market appeal and value. Additional highlights include gas central heating and double-glazed windows, which contribute to energy efficiency. Situated in close proximity to Falmouth town centre, residents can enjoy easy access to local shops, schools, and transport links, enhancing everyday convenience. With no onward chain involved in the sale, this property stands out as an attractive option in a sought-after residential neighborhood with great potential for those looking to invest or create their ideal home.

Investment Analysis

(TR11 area)

Below Market Value

This property is priced -28.6% below area average per sq ft

-28.6%
Potential saving
This Property
£286/sq ft
Area Average
£401/sq ft
Avg Rent (weekly)
£517
Avg Yield
6.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£338,825
10% above area average per sq ft
Potential ROI
+44.2%
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

Chestnut Close, Falmouth, Cornwall, TR11
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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
£806
Based on a loan of £165,000 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