3-bedroom flat · TR11 2DJ
Opportunity summary
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About
Within a striking Victorian building, this well proportioned and highly versatile ground-floor apartment sits directly opposite Kimberley Park and enjoys exceptionally generous gardens.
The flexible three-bedroom accommodation is currently arranged as a two-bedroom flat with a separate studio/annexe, offering excellent options for guests, working from home, or potential supplementary income THE PROPERTY Occupying a highly prized position on one of Falmouth’s most attractive terraces, this apartment sits directly opposite Kimberley Park, widely regarded as the town’s finest green space, alive with mature trees and wildlife.
It’s an exceptional setting for families and anyone who values immediate access to leafy open surroundings.
A rare advantage is that the property spans the entire ground floor, creating an impressive sense of privacy and scale.
The accommodation is currently arranged as two generous double bedrooms plus a separate studio/annexe, ideal as a third bedroom, guest suite, or self-contained home office.
For buyers seeking an alternative format, the layout offers clear potential to reconfigure into a larger two-bedroom home or possibly even a three-bedroom arrangement.
Enjoying views over Kimberley Park to the front is a bright kitchen/living room, centred around a bay window and an attractive period fireplace.
A flue liner is already in place for the installation of a wood-burning stove. The kitchen is finished with timber block worktops, complementary tiling, and excellent fitted storage.
A particularly practical feature is the retention of the original main entrance door and porch, while the upper apartment is accessed solely from the rear, further enhancing the feeling of separation.
The two double bedrooms both enjoy direct access to the bathroom via connecting doors in a clever Jack-and-Jill arrangement.
THE EXTERIOR Unusually for an apartment, the property retains the majority of the original house’s garden areas.
To the front, a substantial garden faces directly onto Kimberley Park, while side and rear gardens wrap around to a sunny, walled courtyard.
Both the main accommodation and the studio/annexe open out to the gardens, making the outdoor space feel like a natural extension of the home. ADDITIONAL INFORMATION Tenure - Leasehold.
999 year lease from 1976 with a 50% ownership of the freehold, shared with the first floor flat owner. 50% contribution to insurance, external re-decorations and maintenance on an ‘ad-hoc’ basis.
Ground rent £0.
We understand letting is permitted and keeping pets is by permission from the first floor flat owner, although this should not be unreasonably withheld unless the pets create a nuisance.
Possession - Vacant possession can be provided with the benefit of no onward chain. Services - Mains gas central heating, electricity, water and drainage are connected.
Council Tax - Main apartment - Band B, Annexe/Studio -Band A. EPC rating - 68 (D)
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.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Park Terrace, Falmouth
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