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Goldenbank, Falmouth, Cornwall, TR11 - Image 1
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Goldenbank, Falmouth, Cornwall, TR11

South West

£575,000
Listed on 26/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1332 sqft

Description

Presented to the market for the first time in three decades, this distinctive extended detached bungalow offers a rare investment opportunity. Located on a tranquil lane in the desirable Goldenbank region, the property occupies an expansive plot with substantial potential for further development or extension, subject to obtaining necessary planning permissions. This spacious three-bedroom residence features flexible living areas and well-proportioned bedrooms, making it an ideal candidate for modernization or reconfiguration to enhance its appeal. The home also boasts a large single garage/workshop which could be repurposed as additional living space or an annexe. A short stroll will take you to Swanpool Beach and scenic coastal paths, enhancing its attractiveness as both a residence or rental investment. While the property benefits from modern comforts such as gas central heating and double glazing, there may be opportunities to upgrade interior finishes and utilities. This well-maintained garden setting includes various mature plants and landscaped features that could be revitalized or expanded, complementing potential new structures within the grounds. With its prime location and notable scope for improvement, this bungalow represents a sound investment for those looking to enhance value through renovation.

Investment Analysis

(TR11 area)

Above Market Value

This property is priced +6.6% above area average per sq ft

+6.6%
This Property
£432/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£538
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£593,113
10% above area average per sq ft
Potential ROI
-9.4%
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

Goldenbank, Falmouth, Cornwall, TR11
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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
£2,074
Based on a loan of £431,250 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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