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 - Image 11

Falmouth

South West

£780,000
Listed on 21/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This development site represents a significant opportunity for investment in one of Falmouth's prime locations. Located just minutes from the seafront and town centre, the property has recently gained Permission in Principle for the construction of up to two dwellings, with three different approved schemes offering flexibility in design and size. The site was previously home to St Johns Guest House, which has since been demolished, clearing the way for new development. With existing planning permissions (including PA23/01450 for a single substantial Edwardian-style house) and potential for two new homes under PA25/04924, this project is poised to attract builders looking to create modern residences that capitalize on the area's beautiful coastal setting. The advantageous 'Self-Build Exemption' also eliminates Community Infrastructure Levy charges, enhancing profitability for prospective developers. The site sits in a slightly elevated position near key amenities such as Gyllyngdune Gardens and local beaches, making it an attractive prospect for both residential buyers and investors alike. All essential services are either on-site or easily accessible nearby, facilitating a smooth construction process. This property offers an exceptional chance to craft distinctive homes tailored to contemporary standards in a sought-after location.

Investment Analysis

(TR11 area)
Area Average
£401/sq ft
Avg Rent (weekly)
£517
Avg Yield
6.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
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
£2,857
Based on a loan of £585,000 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