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Dracaena Avenue, Falmouth

South West

£275,000
Listed on 18/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
846 sqft

Description

This spacious detached bungalow features two generously sized double bedrooms and presents a significant refurbishment opportunity. Set back from the road, it boasts a private driveway that accommodates ample off-street parking. The property includes a sizable rear garden, offering potential for landscaping, alongside a large workshop that is in need of renovation, perfect for conversion into a home office or creative studio. There are also possibilities for extending the property, pending necessary permissions. Upon entry through a quaint porch, you are greeted by a wide entrance hall leading to two front-facing rooms—currently utilized as a lounge and bedroom—both characterized by bright square bay windows that enhance natural light. The rear section of the bungalow contains an additional double bedroom, bathroom, and a dining room that flows into the kitchen. A separate porch provides access to the back garden and includes a downstairs WC. The interior holds charming original features such as period floorboards and picture rails that could be revitalized. With high ceilings throughout and an expansive attic that offers conversion prospects—similar projects have been undertaken in neighboring homes—the potential to increase living space is clear. Externally, thoughtful landscaping with flower beds enhances curb appeal while side access leads to the secluded rear garden area. Once cherished, this garden is now ready for restoration to create an inviting outdoor retreat. Given its location within walking distance to local amenities including schools and parks, this property is positioned well for both personal enjoyment and investment potential. Prospective buyers should conduct their own surveys. Please note: Gas Combi Boiler (not tested), mains connections available for gas, electricity, water & drainage; EPC rated D; Council Tax Band C; partial uPVC double glazing.

Investment Analysis

(TR11 area)

Below Market Value

This property is priced -19.8% below area average per sq ft

-19.8%
Potential saving
This Property
£325/sq ft
Area Average
£406/sq ft
Avg Rent (weekly)
£536
Avg Yield
6.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£377,405
10% above area average per sq ft
Potential ROI
+16.1%
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
31%
Properties sold annually

Local Market Trend (TR11)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 0.5%
5 year growth: 16.4%
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

Dracaena Avenue, Falmouth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,007
Based on a loan of £206,250 over 30 years at 4.19% 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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