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Market Strand, Falmouth, Cornwall, TR11 3HB

South West

£240,000
Listed on 24/01/2026

Property Details

Bedrooms
2
Type
Flat
Area
914 sqft

Description

Situated in a well-known landmark building at the heart of Falmouth, this two-bedroom apartment presents an exciting opportunity for renovation and investment. With its spacious open-plan layout, featuring large original windows that flood the space with natural light, the property offers a canvas ripe for contemporary design updates. Despite requiring modernisation, the ample room sizes paired with a flexible floor plan allow for significant potential to enhance value and create a desirable living environment. Both bedrooms are generously proportioned and benefit from the apartment’s bright aspect, making them ideal candidates for reimagining interior aesthetics. Additionally, having an allocated parking space is a considerable advantage in this vibrant area filled with boutiques, cafés, and cultural attractions. This property invites buyers not only to enjoy the central locale but also to tailor the space to their personal taste while capitalising on investment prospects.

Investment Analysis

(TR11 area)

Below Market Value

This property is priced -35.1% below area average per sq ft

-35.1%
Potential saving
This Property
£263/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£538
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£406,986
10% above area average per sq ft
Potential ROI
+42.8%
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
44%
Properties sold annually

Local Market Trend (TR11)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +1.5%
5 year growth: +17.4%
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, Cornwall, TR11 3HB
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£866
Based on a loan of £180,000 over 30 years at 4.06% 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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