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Market Strand, Falmouth, TR11

South West

£240,000
Listed on 07/01/2026

Property Details

Bedrooms
2
Type
Flat
Area
914 sqft

Description

Nestled within a prominent and historic building in the heart of Falmouth, this two-bedroom apartment presents an exceptional opportunity for those looking to invest in a space with immense potential. Featuring an expansive open-plan layout that combines the living, dining, and kitchen areas, the property is adorned with large original windows that flood the space with natural light. While it currently requires modernisation, the generous proportions of each room offer a fantastic foundation for a contemporary redesign aimed at enhancing both functionality and aesthetic appeal. The apartment comprises two well-sized bedrooms, each benefiting from bright aspects. An allocated parking space is an added advantage in this desirable, pedestrian-friendly location surrounded by local boutiques, cafés, and cultural attractions. This property not only invites you to create your dream home but also promises considerable scope for value appreciation through refurbishment. Key features include: - A distinguished building rich in character - Expansive windows allowing abundant natural light - Flexible open-plan living space - Two spacious bedrooms - Dedicated parking space - Significant potential for modernization and value enhancement - Centrally located in vibrant Falmouth.

Investment Analysis

(TR11 area)

Below Market Value

This property is priced -35.3% below area average per sq ft

-35.3%
Potential saving
This Property
£263/sq ft
Area Average
£406/sq ft
Avg Rent (weekly)
£536
Avg Yield
6.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£407,740
10% above area average per sq ft
Potential ROI
+45.6%
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

Market Strand, Falmouth, TR11
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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
£879
Based on a loan of £180,000 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.

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