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Killigrew Street, Falmouth, TR11

South West

£450,000

Listed on 28/10/2026

The listing

Property details

Bedrooms
8
Type
Terraced
Area
2261 sqft

Features

  • Garden
  • HMO
  • Tenanted

Description

This substantial Victorian stone townhouse is arranged over four floors and currently operates as an eight-bedroom HMO. The accommodation includes four en-suite bedrooms, four further bedrooms, three additional shower rooms, a reception hall and a lower-ground-floor kitchen opening into a communal lounge and dining area. Doors from the shared space lead to an enclosed rear courtyard with pedestrian access to Brook Place. The property has a history as a guest house before its conversion to HMO use, and the listing states that an HMO licence is currently in place. It also reports an established tenancy and rental income, with the stated gross yield including utilities; purchasers should verify the tenancy, licence, permitted occupancy, income and operating costs. Further stated features include uPVC double glazing, gas central heating and mains services. The EPC rating is E. Killigrew Street is within walking distance of Falmouth town centre and university facilities, with bus and rail connections nearby. The seafront, beaches and coastal walks are also accessible on foot. The property is not listed, but any future alterations or changes of use would remain subject to relevant planning and regulatory requirements.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

78out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £450,000, Engleton is a substantial eight-bedroom Victorian townhouse in central Falmouth offered at about £199 per sq ft, well below the local average of £404. That makes the asking price a notable acquisition opportunity, alongside an established HMO layout, a current licence and a long history of student letting.

The project looks light rather than a full refurbishment: the kitchen is comparatively current and usable, while communal finishes, worn hall and stair carpet, and the courtyard offer scope for selective redecoration and a tidy-up. The large shared living and dining space, multiple shower rooms and period character give buyers a useful base to refresh and build on.

Key opportunities

  • Acquire substantial eight-bedroom accommodation at a markedly lower asking price per sq ft than the local average.
  • Refresh dated communal areas and worn hall and stair flooring while retaining the comparatively current, usable kitchen.
  • Improve the enclosed courtyard with maintenance and tidying, complementing the generous shared lounge and dining space.

Key risks

None recorded.

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Map

Location

Killigrew Street, Falmouth, TR11
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Transport

Nearest stations

  • Penmere Rail Station

    0.4 miles

    Train · Penmere

  • Falmouth Town Rail Station

    0.6 miles

    Train · Falmouth

  • Falmouth Docks Rail Station

    0.8 miles

    Train · Falmouth

  • Penryn Rail Station

    2.0 miles

    Train · Penryn

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,700
Based on a loan of £337,500 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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