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21/21A High Street, Falmouth, Cornwall, TR11 2AB

South West

£150,000Guide Price

Listed on 22/07/2026

Property details

Bedrooms
N/A
Type
Mixed Use

Description

This mixed-use property presents a compelling investment opportunity situated in a prominent location. Comprising a duplex apartment and a commercial retail unit, this Grade II Listed building requires modernization, especially on the residential level which spans approximately 95 square meters. The first floor accommodates an entrance hallway, living areas, and kitchen while the second floor hosts five bedrooms with potential for further enhancement or redevelopment, subject to planning permissions. The commercial space is under a long-term lease until February 2025, generating reliable income of £18,750 per annum with future rent reviews. With a total area of around 223 square meters and significant value-add potential, this property will be featured in an online auction allowing for pre-auction offers. It’s a unique chance for investors looking to capitalize on both immediate rental income and future asset appreciation through refurbishment efforts.

Investment analysis

(TR11 area)
Area Average
£404/sq ft
Avg Rent (weekly)
£408
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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
8%
Properties sold annually

Local Market Trend (TR11)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -2.9%
5 year growth: +6.2%
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

21/21A High Street, Falmouth, Cornwall, TR11 2AB
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£567
Based on a loan of £112,500 over 30 years at 4.45% 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

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