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See how verdicts work5-bedroom house · TR11 2PA
For saleListed 100 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property Believed to date back around 200 years, this charming stone-built period home occupies an elevated position overlooking Falmouth Harbour, enjoying beautiful water views and an abundance of original character throughout.
Offering exceptionally versatile accommodation, the property comprises up to six bedrooms, or alternatively four bedrooms with a self-contained annexe, making it ideal for extended family living, guest accommodation or potential income generation.
Rich in period features and individuality, the house presents an exciting opportunity for a new owner to create a home tailored to their own lifestyle.
With many of the internal walls of stud construction, the layout offers considerable flexibility for remodelling or reconfiguring, subject to any necessary consents.
To the rear, the delightful landscaped garden provides a series of attractive terraces and seating areas, allowing you to enjoy both sunshine and shade throughout the day.
Beyond the garden is generous off-road parking, together with ample space for the construction of a garage should this be desired.
A comprehensive walk-through video tour has been prepared and is highly recommended to fully appreciate the property's character, versatility and exceptional setting.
The location Penwerris Terrace is one of Falmouth's most sought after and valuable residential roads.
It is set up high with phenomenal harbour and coastal views, yet within a few minutes' walk from the town and waterfront.
The original Penwerris Terrace contains some of Falmouth's earliest and finest Regency houses, several of which were built for Packet Ship captains; the position no doubt chosen for its commanding marine outlook and convenience to the shore.
So much of what delights about Falmouth is on one's doorstep at this location.
The waterside is a few moments away as is the High Street with its individual shops and galleries, whilst The Boathouse, Star & Garter, or more up market Royal Cornwall Yacht Club and Greenbank Hotel are one's 'locals'.
The town has a brilliant and diverse selection of restaurants and an eclectic mixture of shops, which include national chains, together with quality galleries showcasing local talent.
Falmouth's seafront, on the town's southern side, is about a mile away, with sandy beaches, Henry viii's Pendennis Castle and access to incredible walks and scenery along the South West Coastal Path.
Nearby train stations (Falmouth Town and Penmere Halt) provide a convenient link to the mainline at Truro for Exeter and London, Paddington.
Falmouth Docks are a major contributor to the town's economy and along with Falmouth University (with campuses in Falmouth and Penryn) and Falmouth Marine School, specialising in traditional and modern boat building, marine engineering and environmental science, ensure an all year round and vibrant community.
There are five primary schools and one secondary school in the town and highly regarded independent preparatory and senior schools in Truro.
Falmouth boasts the third largest natural harbour in the world and is renowned for its maritime facilities which offer some of the best boating and sailing opportunities in the country; little wonder the town is consistently ranked as one of the top five places to live in the UK.
EPC Rating: C
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 15 Penwerris Terrace, Falmouth
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