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Market Strand, Falmouth, Cornwall, TR11 3HB

South West

£240,000
Listed on 22/01/2026

Property Details

Bedrooms
2
Type
Apartment
Area
914 sqft

Description

Located in a well-known architectural landmark in the heart of Falmouth, this two-bedroom apartment presents a unique opportunity for renovation enthusiasts or investors. Featuring spacious open-plan living areas accentuated by original oversized windows, the property boasts an abundance of natural light, enhancing the potential for a contemporary transformation. While it currently requires modernisation, the layout and generous room sizes offer a perfect foundation for customization, allowing buyers to add significant value through upgrades. The apartment also includes two good-sized bedrooms that benefit from bright aspects, ensuring comfort throughout. An allocated parking space is an added advantage in this desirable and vibrant area filled with shops, cafes, and cultural attractions. This property is ideal for those looking to immerse themselves in Falmouth's lively atmosphere while crafting a personal living space. Key highlights include: - Distinctive building with historical charm - Large windows providing exceptional light throughout - Flexible open-plan living space ready for modern updates - Allocated parking in a pedestrian-friendly location - Potential to enhance value through careful refurbishment

Investment Analysis

(TR11 area)

Below Market Value

This property is priced -34.8% below area average per sq ft

-34.8%
Potential saving
This Property
£263/sq ft
Area Average
£403/sq ft
Avg Rent (weekly)
£533
Avg Yield
7.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£404,875
10% above area average per sq ft
Potential ROI
+47.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TR11)

Area prices are falling by -2.9% over the last 12 months
3 year growth: -0.7%
5 year growth: +13.9%
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, Cornwall, TR11 3HB
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£850
Based on a loan of £180,000 over 30 years at 3.91% 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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