Freehold Block | Falmouth
South West
£200,000Guide Price
Listed on 10/11/2026
Listed on 10/11/2026
The listing
Property details
Bedrooms
3Type
HouseArea
1030 sqftFeatures
- Garden
Description
Offered at auction, this Grade II listed freehold block in Falmouth comprises two self-contained homes arranged over three floors: a one-bedroom ground-floor flat with a courtyard garden, and a two-bedroom maisonette above. The combined accommodation is stated as approximately 1,030 sq ft and is offered with vacant possession. The property has previously been let and the agent describes it as requiring cosmetic updating. The listing indicates scope to retain the units as an investment or consider selling them separately, subject to verification of the relevant legal and practical arrangements.
The auction particulars quote potential rents of £1,000 per month for the flat and £1,100 per month for the maisonette after renovation. These are agent-provided estimates, not guaranteed income. The property is close to Falmouth's harbour, shops, restaurants and the National Maritime Museum, with the town's railway station and beaches also noted in the listing. The EPC is stated as C, with an expired certificate and a replacement on order. Buyers should review the legal pack, including information on the listed status, services, rights and restrictions, and confirm the auction terms and completion arrangements.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
72out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £200,000, this Grade II listed freehold block is priced at about £194 per sq ft, around half the local average — a strong entry point for a buyer looking to create value. It combines a self-contained one-bedroom flat with a two-bedroom maisonette across three floors, plus a courtyard garden, giving the project a distinctive two-unit format in a central coastal location.
The photographed interiors are visibly worn, with bare or marked flooring, scuffed finishes and localized staining or deterioration near lower walls. The kitchen and bathroom also have dated finishes. This is a substantial improvement project rather than a quick cosmetic refresh, but it offers scope to update both units and shape them for investment or separate use. As the property is being sold by auction, bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Rework and update the two-unit layout—a one-bedroom flat and a two-bedroom maisonette—to suit an investment or separate-use strategy.
- Refresh the worn floors and finishes across the photographed rooms, with scope to modernize the kitchen and bathroom.
- Make the most of the freehold, courtyard garden and central coastal setting near the harbour, amenities and railway station.
Key risks
- Marked floors, scuffed finishes and localized lower-wall staining across several photographed areas mean this is a substantial multi-room programme; allow for a longer, more involved schedule than a cosmetic refresh.
- Grade II listed status may constrain changes to the building, so establish what consents are needed before planning the works.
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Transport
Nearest stations
Falmouth Town Rail Station
0.3 miles
Train · Falmouth
Falmouth Docks Rail Station
0.5 miles
Train · Falmouth
Penmere Rail Station
0.8 miles
Train · Penmere
Penryn Rail Station
2.4 miles
Train · Penryn
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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£
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Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£817
Based on a loan of £150,000 over 30 years at 5.13% 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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