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Market Street, Falmouth, Cornwall, TR11 - Image 1
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Market Street, Falmouth, Cornwall, TR11

South West

£750,000
Listed on 09/05/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive Grade II Listed property presents a unique opportunity for renovation and investment, featuring approximately 14,000 square feet distributed across five levels. The ground floor boasts a substantial dual-aspect retail area that leads to an open-plan space on the first floor, which includes a WC and access to a disused lift shaft and stairwell. A separate entrance provides additional access to the second floor, where you’ll find another open-plan area ripe for redevelopment. The basement adds further potential with its two bathrooms and several self-contained rooms. Note that the electrical housing is located at the rear of this level, indicating utility considerations during any renovations. Located in the heart of Falmouth, this property benefits from being part of one of Cornwall's most vibrant communities. Falmouth offers a blend of historical charm and modern amenities, complemented by its beautiful beaches and rich maritime heritage. Recognized as one of the best places to live in the UK by readers of The Sunday Times, Falmouth attracts residents and visitors alike with attractions such as Pendennis Castle and the National Maritime Museum. The town’s lively atmosphere persists year-round with events like food festivals and cultural gatherings. Specifically, this property occupies a prime position on Market Street—one of Falmouth's busiest commercial thoroughfares—with unobstructed views of the water from the rear. It is conveniently close to various local amenities, transport links, and pedestrian-friendly areas that enhance foot traffic. Currently, the building is leased to Mountain Warehouse until June 11, 2025, surrounded by established national retailers including Superdrug, WH Smith, Poundland, Holland & Barrett, Costa Coffee, Nero, and Boots. This presents an attractive proposition for future investors looking to capitalize on both immediate rental income and long-term redevelopment possibilities in an area poised for continued growth.

Investment Analysis

(TR11 area)
Area Average
£408/sq ft
Avg Rent (weekly)
£346
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£75,000 - £187,500
10-25% of property value
Monthly Sales
23
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (TR11)

Area prices are rising by +3.9% over the last 12 months
3 year growth: 4.3%
5 year growth: 28.4%
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

Market Street, Falmouth, Cornwall, TR11
Map showing location of Market Street, Falmouth, Cornwall, TR11
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