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Vernon Place, Falmouth, Cornwall, TR11 3BE - Image 1
Vernon Place, Falmouth, Cornwall, TR11 3BE - Image 2
Vernon Place, Falmouth, Cornwall, TR11 3BE - Image 3
Vernon Place, Falmouth, Cornwall, TR11 3BE - Image 4
Vernon Place, Falmouth, Cornwall, TR11 3BE - Image 5
Vernon Place, Falmouth, Cornwall, TR11 3BE - Image 6
Vernon Place, Falmouth, Cornwall, TR11 3BE - Image 7
Vernon Place, Falmouth, Cornwall, TR11 3BE - Image 8
Vernon Place, Falmouth, Cornwall, TR11 3BE - Image 9
Vernon Place, Falmouth, Cornwall, TR11 3BE - Image 10
Vernon Place, Falmouth, Cornwall, TR11 3BE - Image 11

Vernon Place, Falmouth, Cornwall, TR11 3BE

South West

£290,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
999 sqft

Description

Nestled in one of the most desirable streets in Falmouth, this three-bedroom terraced home presents a compelling opportunity for investors and renovators alike. The property is ideally located within walking distance to the vibrant town center, picturesque harbour, and local beaches. With an array of independent shops and restaurants nearby, this area continues to attract both residents and visitors, ensuring strong demand for properties like this. While the home showcases charming period features that reflect its historical roots, it is in need of comprehensive modernisation. The extension requires significant repairs due to structural issues, but this offers a unique chance to create a personalized space tailored to contemporary living. Its current condition provides a blank canvas for those looking to undertake a thoughtful renovation or bold redesign that can enhance light and take advantage of the stunning views. This property holds considerable investment potential. Once updated, homes in this sought-after location consistently achieve premium prices and are popular rentals in the market. Whether you envision transforming it into a beautiful family residence, an attractive holiday rental, or a long-term investment asset, the groundwork is already laid for achieving remarkable returns. Properties with such renovation and investment potential are seldom available in this neighborhood. Early viewing is recommended for those serious about realising the possibilities this home has to offer while appreciating its unique character and favorable location.

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, Cornwall, TR11 3BE
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