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Pitick Terrace, Flushing TR11

South West

£525,000
Listed on 01/08/2025

Property Details

Bedrooms
2
Type
Detached house
Area
850 sqft

Description

Nestled within a sought-after terrace of six Victorian houses, this charming property presents a unique opportunity for renovation and investment. Located in a prime position facing the harbor, it boasts impressive views across the waterfront towards Falmouth. Number 6 has been cherished as a holiday home by the same family for three decades, but now awaits modernization to unlock its full potential. The accommodation features two generously sized double bedrooms and a bathroom on the upper level. On the ground floor, you'll find separate sitting and dining rooms that provide flexible living options, along with a kitchen that includes a pantry for additional storage. A notable feature is the inclusion of a garage along with an adjacent net loft, both of which have historical significance dating back to 1709 when they served as storage for the Post Office Packet Service. The property also benefits from an enclosed courtyard at the rear and designated parking space on the quayside—an invaluable asset in this desirable waterfront location. While some updates are required to bring it up to modern standards, the inherent character and historic charm offer great promise for prospective buyers looking to invest in property enhancement. Flushing village itself is known for its vibrant community atmosphere and excellent amenities. Just a short foot ferry ride across the harbor from Falmouth, it offers local dining options such as The Royal Standard pub and restaurants like The Waterside and Harbour House within easy walking distance. The village also features practical amenities including a primary school, church, and general store. Additionally, Flushing's proximity to sailing clubs and Mylor Harbour provides exceptional access to some of the finest sailing waters available in Cornwall. The local community embraces both permanent residents and those seeking second homes or holiday retreats. This property represents not just a home by the water but also an exciting project with significant potential for future value appreciation through thoughtful renovations in a desirable coastal village setting.

Investment Analysis

(TR11 area)

Above Market Value

This property is priced +51.8% above area average per sq ft

+51.8%
This Property
£618/sq ft
Area Average
£407/sq ft
Avg Rent (weekly)
£353
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£52,500 - £131,250
10-25% of property value
Target Value
£380,498
10% above area average per sq ft
Potential ROI
-42.0%
After renovation
Monthly Sales
33
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (TR11)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 5.3%
5 year growth: 26.5%
Investment Disclaimer: Analysis based on TR11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Pitick Terrace, Flushing TR11
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