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Vernon Place, Falmouth, TR11 - Image 1
Vernon Place, Falmouth, TR11 - Image 2
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Vernon Place, Falmouth, TR11

South West

£290,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
999 sqft

Description

This three-bedroom terraced home presents a noteworthy investment opportunity in one of Falmouth's most desirable neighborhoods. Located within walking distance of the town center, the picturesque harbor, and beautiful beaches, the property benefits from an enviable location that appeals to both residents and holidaymakers alike, ensuring sustained demand. The home boasts charming period features and offers stunning views that enhance its overall character. Additionally, it includes a private garden—an attractive feature in this vibrant area of town. Having been held by the same family for many years, the property carries a rich history and unique charm that can be further accentuated through renovation. While the interior does require significant modernization, including attention to structural aspects of an extension, this creates an exciting blank canvas for potential buyers. There is ample opportunity to reconfigure the layout or implement contemporary designs that maximize natural light and capitalize on those exceptional views. Renovating this property could result in a highly personalized living space or a lucrative rental option. Given its prime location and renovation potential, this property stands out as a strong investment prospect. Once updated, homes in this area have consistently achieved high resale values and generated solid rental income. Whether you envision transforming it into a stylish family residence or a short-term rental venture, this home has all the elements necessary for a successful investment. Properties with such potential rarely become available in this sought-after street, making early viewing advisable to fully appreciate what could be an exceptional transformation opportunity.

Investment Analysis

(TR11 area)

Below Market Value

This property is priced -28.9% below area average per sq ft

-28.9%
Potential saving
This Property
£290/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£346
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£29,000 - £72,500
10-25% of property value
Target Value
£448,626
10% above area average per sq ft
Potential ROI
+23.8%
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

Vernon Place, Falmouth, TR11
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