Worst House on the Street Logo
Falmouth - Image 1
Falmouth - Image 2
Falmouth - Image 3
Falmouth - Image 4
Falmouth - Image 5
Falmouth - Image 6
Falmouth - Image 7
Falmouth - Image 8
Falmouth - Image 9
Falmouth - Image 10

Falmouth

South West

£150,000
Listed on 08/11/2025

Property Details

Bedrooms
1
Type
Flat
Area
813 sqft

Description

This first-floor one-bedroom apartment presents a distinct opportunity for those interested in renovation and investment. Located at a prominent corner intersection, it is ideally situated within walking distance of various university campuses, local amenities, and the beach. A short downhill stroll leads to the vibrant town center of Falmouth, known for its lively atmosphere and diverse offerings. The property is part of a conversion from a larger townhouse and occupies the entire first floor. It comes with the advantage of 'no onward chain,' allowing for a smoother transition for new owners. While the apartment currently requires some modernization and cosmetic upgrades, this aspect offers the potential for buyers to tailor the living space to their preferences or enhance its rental appeal. Key features include gas central heating (not tested), UPVC double-glazed windows (where stated), and pockets of original character that can be preserved or restored during renovations. The layout comprises an entrance vestibule leading to a staircase up to the first floor landing, which connects to a living/dining room, galley kitchen, double bedroom, and combined shower room/WC. Falmouth’s bustling town center is just a stone's throw away, hosting a mixture of independent shops and well-known retailers along with restaurants, cafes, art galleries, and cultural venues like the Poly Arts Theatre and National Maritime Museum. The area is alive with events throughout the year—including food and music festivals—which contribute to its desirability among both locals and visitors alike. Additionally, Falmouth boasts one of the world’s deepest natural harbors offering excellent watersport facilities. For investors or first-time buyers looking to create a home that reflects personal style while also capitalizing on strong rental demand driven by local universities and tourism, this property represents significant potential in an attractive location. The additional attic space further enhances possibilities for expansion or creative use. With its mix of character and modern needs, this apartment awaits transformation into a welcoming retreat or rental opportunity in one of Cornwall’s most sought-after towns.

Investment Analysis

(TR11 area)

Below Market Value

This property is priced -53.9% below area average per sq ft

-53.9%
Potential saving
This Property
£185/sq ft
Area Average
£401/sq ft
Avg Rent (weekly)
£517
Avg Yield
6.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£358,212
10% above area average per sq ft
Potential ROI
+104.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TR11)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -1.0%
5 year growth: 18.6%
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
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Similar Properties