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See how verdicts work3-bedroom house · TR11 3NU
Listing removedReduced £36k (−10.7%) on 29 JunListed 206 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property The setting and good proportions of this detached property makes it a valuable and sought after home for families as well as discerning students.
Our clients are seasoned, professional owners of several Falmouth investment properties.
Their retirement, or at least a desire for winding down a little, results in the availability and opportunity to buy number 19, currently let to students until June 2026, but would also make a fantastic family home.
Currently let on a £23,000 per annum rent and offering a 7% yield.
This would be ideal to be turned back into a family home with two large double bedrooms, a smaller bedroom/office and a family bathroom upstairs with a separate front living room and large kitchen/diner downstairs with access onto the courtyard.
The courtyard can also be accessed from the side, handy for bikes and paddle boards to save going through the house.
Located close to Falmouth town with all the amenities, shops and restaurants in a highly desirable location, this is not one to miss!
The location The property is so convenient for accessing all that is lovely about Falmouth with pathways meandering from here, down to the town and harbourside, whilst the seafront and beaches are less than a mile away.
The local 'Provedore' café/tapas bar is inspirational and the nearby 'Sea View Inn' is a must.
Junior and secondary schooling facilities are nearby at King Charles and Trescobeas and many faculties of the Combined University of Cornwall are within a few minutes walk along Woodlane.
Convenience stores are close by at Albany Road.
Falmouth town and harbourside hosts an eclectic mixture of national shops and independents, together with galleries showcasing local arts and crafts has created a new vibrancy to the harbourside and is a remarkable success with its quality food, fashion and sailing wear shops.
The square hosts events throughout the year, such as Falmouth Classics, the Oyster Festival, the celebrations of Falmouth Week and the Sea Shanty Festival as well as many big-name attractions.
EPC Rating: D Accommodation In Detail (all measurements are approximate) To the front there is a walled front area perfect for bin storage and a metal gate giving side access to the rear.
Concrete steps with metal railings to front door. Entering through a opaque double glazed uPVC front door into the... Hallway Original, glazed wooden partition with door to main hallway.
Ideal spot for shoes and coat storage. Stairs rising to first floor. Radiator. Fusebox. Original wooden doors to living/bedroom and...... Dining/Living Space UPVC double glazed window to rear.
Built-in cupboard/shelf unit. Under stairs cupboard containing Glowworm gas combination boiler powering the gas fired central heating system. Thermostat. Radiator.
Double glazed wooden doors to kitchen..... Kitchen UPVC double glazed windows to either side of a uPVC partially opaque glazed door to rear courtyard.
Base and eye level units with laminate worktop and stainless steel sink with chrome tap. Tiled splashback. Electric oven and hob with extractor. Space for white goods. Wood effect laminate flooring.
Radiator. Living Room/Bedroom UPVC double glazed bay window with obscuring film. BT fibre broadband point. Radiator Landing Skylight. Original wooden doors to bedrooms and bathroom.
Bedroom One UPVC double glazed window to front. Radiator. Bedroom Two UPVC double glazed window to rear. Radiator Bedroom Three UPVC double glazed window to front. Radiator.
Bathroom UPVC opaque double glazed window to rear. Three piece white suite comprising WC, hand wash basin with chrome taps and bath with electric shower over. Tiled wet areas.
Tile effect laminate flooring. Radiator. Extractor. Agents Note This is sold with an on going concern with tenants in situ until June 2026.
If this were to be purchased with a residential mortgage, exchange and completion would need to be after the tenants have moved out in June.
A clear class A mundic report dated 2003 is available upon request and was completed by Stimson & Tieken surveyors who are still a trading and registered company.
Garden Walled courtyard with side access and flower bed.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
Area
Agent & docs
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FAQ
About 19 Waterloo Road, Falmouth
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