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Falmouth

South West

£600,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1340 sqft

Description

This property presents a unique opportunity for those interested in renovation and investment potential. Featuring three bedrooms, the detached bungalow exudes character with its 1930s Cornelius design, which is characterized by its double fronted elevation and charming architectural details such as pitched slate roofed round bays and an eye-brow window on the upper floor. Set on a generous corner plot, this home benefits from well-maintained gardens surrounded by high granite boundaries, providing both privacy and an appealing aesthetic. The exterior includes a detached garage and ample parking space in the driveway, accommodating multiple vehicles. Inside, the property features traditional elements like original picture rails and stained glass doors, alongside modern amenities such as gas central heating and a re-modelled shower room. The layout comprises a spacious reception hall leading to a lounge with views over the front garden, a dining room with patio doors opening onto the side garden, and a kitchen equipped with essential appliances that overlooks the rear patio. A staircase leads to an attic room with further potential for development; it opens into a large boarded attic space that could be converted into additional living areas or bedrooms, subject to planning permissions. This adds significant value for investors looking to expand living space or maximize rental opportunities. The location is another highlight. Within walking distance of local amenities including shops, schools, and recreational facilities like tennis clubs, residents can enjoy easy access to Gyllyngvase Beach and Falmouth’s vibrant town center. With Penmere branch line station nearby, transportation links are convenient for both commuters and those seeking leisure activities further afield. This property offers ample opportunity for customization or expansion while remaining immersed in one of Falmouth's desirable neighborhoods. Prospective buyers are encouraged to explore the possibilities that come with this unique bungalow to create a home tailored to their preferences or capitalize on its investment potential.

Investment Analysis

(TR11 area)

Above Market Value

This property is priced +9.7% above area average per sq ft

+9.7%
This Property
£448/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£346
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£60,000 - £150,000
10-25% of property value
Target Value
£601,761
10% above area average per sq ft
Potential ROI
-19.8%
After renovation
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

Falmouth
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