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Falmouth

South West

£550,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1340 sqft

Description

An intriguing opportunity presents itself in this two-bedroom Cornelius detached bungalow, set on an expansive raised corner plot in a desirable area of Falmouth. With proximity to local amenities and the seafront, this property benefits from both convenience and charm. Built around the 1930s, it showcases unique architectural elements typical of Cornelius designs, including round bay windows and an eye-brow window on the first floor. The exterior is well-maintained with lovely gardens featuring granite boundaries, a detached garage, and ample parking space. The interior holds significant renovation potential, particularly with opportunities for refreshing spaces and expanding the living area into the attic or by adding more bedrooms on the first floor, pending necessary planning permissions. Recent assessments have confirmed that the main structure is sound; notably, a Mundic Block test categorized it as A1, which supports straightforward mortgage applications. Current features include gas central heating throughout, a welcoming entrance hall leading to spacious reception areas with original elements like picture rails and stained glass doors. The layout consists of a large lounge with garden views, a separate dining room that opens onto the side garden via sliding patio doors, a functional fitted kitchen with appliances included, two double bedrooms—with one particularly spacious—and a modernized shower room as well as a separate WC. With its location near local schools and Falmouth's vibrant town centre just a short walk away, this property not only offers comfortable living but also presents an exceptional opportunity for investment through renovation.

Investment Analysis

(TR11 area)

Above Market Value

This property is priced +1.4% above area average per sq ft

+1.4%
This Property
£410/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£538
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£596,675
10% above area average per sq ft
Potential ROI
-5.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (TR11)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +1.5%
5 year growth: +17.4%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,984
Based on a loan of £412,500 over 30 years at 4.06% 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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