3-bedroom flat · TR11 4BE
Listing removedListed 965 days
Opportunity summary
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About
* 'Open Day' Friday 27th February '26 : 10-12 noon please phone to arrange - other appointments available * Reduced and offering exceptional value * One of Falmouth's finest penthouse apartments * Over 1,800 square feet of unusually well proportioned accommodation * Extensive, panoramic and ever-changing harbour and estuary views * Superb private roof terrace * Freehold shared with the 2 other permanently occupied apartments The Property ‘The Oceanic’ is a substantial ‘landmark’ building which occupies a commanding and prominent position on the junction of Lansdowne and Melvill Roads, at one of the highest points of this highly sought-after area of Falmouth, where the isthmus is at its narrowest.
The Location There are few positions in Falmouth which offer such expansive views of the town, harbour and estuary, combined with such close proximity to the seafront in one direction, and the town centre and harbourside in the other.
A level walk along the seafront leads to the sandy bathing beach at Gyllyngvase, home of Gylly Beach Café, behind which is Queen Mary Gardens, one of Falmouth’s numerous sub-tropical public gardens, beyond which the South West Coast Path continues to Swanpool, Maenporth and beyond.
Castle Beach and the seafront (Cliff Road) is just 350 yards away, with the properties enjoying, ‘on their doorstep’, the beautiful circular walk around Pendennis Point with its views across the mouth of the estuary to St Mawes, the mouth of the Percuil River and St Anthony’s Headland, and across the breadth of Falmouth Bay to Swanpool, Maenporth, the mouth of the Helford and shoreline of The Lizard Peninsula - one of the country’s most spectacular views.
In all, a location which, anywhere in the county, is difficult to better.
The Accommodation Comprises (All dimensions being approximate) Enjoying 'sole' access beyond the entrance foyer with, at mid landing level, a tall screen providing panoramic town, harbour, Flushing and countryside views.
The dimensions of the main rooms are as follows:- Summer room/snug: 15'5" x 13'1" (4.70m x 4.00m) Master bedroom: 12'9" x 18'0" (3.90m x 5.50m) Lounge: 10'9" x 18'0" (3.30m x 5.50m) Kitchen: 13'5" x 13'1" (4.10m x 4.00m) Bedroom two: 15'8" x 9'10" (4.80m x 3.00m) Bedroom three: 11'9" x 13'1" (3.60m x 4.00m) General Information Services Mains electricity, water, drainage and gas are connected to the property, with electricity, water and gas individually sub-metered.
Gas fired underfloor central heating. High speed broadband connection. Council Tax Band C - Cornwall Council. Tenure 999 year lease with each leaseholder owning an equal share of the freehold.
Ground rent: 'peppercorn'. Management charge: C.
£2,500 per annum to cover cleaning of the communal foyer, high speed internet, lighting of the communal parts, window cleaning, external redecoration, ‘block’ building insurance, managing agent fees, etc.
Restrictions No holiday letting is permitted at ‘The Oceanic’. Pets are not permitted in Apartment 3.
Fixtures And Fittings All floor coverings, light fittings, curtains and blinds are included in the sale. Furniture by negotiation.
Possession Immediate vacant possession upon completion of the purchase, with no onward chain.
Viewing By telephone appointment with the vendors' Sole Agent - Laskowski & Company, 28 High Street, Falmouth, TR11 2AD. Telephone:
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
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FAQ
About Penthouse Apartment, 3 The Oceanic, 1, Lansdowne Road, Falmouth
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