3-bedroom flat · TR11 3BD
Sold STCListed 73 days
Opportunity summary
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About
A 3 bedroom ground floor apartment located in the heart of Falmouth's vibrant town centre, just yards from the waterfront and eclectic mix of restaurants, bars and independent shops.
Strand Quay Flats can be found on Fish Strand Hill, a quiet 'lane' off Market Street and the town's cobbled thoroughfare.
The apartment is currently utilised as a successful holiday let but would also provide a great main home for those looking for 'urban' living.
The accommodation comprises: Open-plan living room/kitchen, 3 bedrooms and family bathroom. A communal courtyard and drying area is shared with the other 3 apartments. No onward chain.
The Accommodation Comprises Pedestrian gated access from Fish Strand Hill, with access to a communal granite-chip courtyard, steps rise to a communal front door, opening into the:- Communal Entrance Hallway Stairs rising to the first floor servicing two first floor flats, with front door to Number 2 on the ground floor.
Private Entrance Hallway Doors to all three bedrooms and family bathroom. Open to kitchen/diner. Storage cupboard, radiator, wood-effect laminate flooring, wall mounted consumer unit.
Bedroom One UPVC double glazed window to front aspect, wood-effect laminate flooring, central ceiling light.
Bedroom Two A small second double bedroom, with uPVC double glazed window to front aspect, wood-effect laminate flooring, central ceiling light, TV aerial socket.
Bedroom Three A single bedroom, currently housing bunk beds, with uPVC double glazed window to side aspect, radiator, wood-effect laminate flooring.
Cupboard housing Ideal Classic gas combination boiler providing domestic hot water and central heating.
Open-Plan Living Space An open-plan living space, incorporating a fitted kitchen, with deep breakfast bar and living space with space for comfortable seating.
Kitchen Area Range of eye and base level units, worksurface with inset one and a half bowl sink/drainer unit with swan neck mixer tap.
Integrated fridge and freezer, space and plumbing for washing machine. Built-in four-ring electric hob with extractor fan over. Built-in electric fan assisted oven, built-in microwave oven.
Part tiled walls, wood-effect laminate flooring, central ceiling light.
Living Area Large uPVC double glazed window to side aspect, space for comfortable seating, wood-effect laminate flooring, central ceiling light, radiator.
Bathroom White suite comprising jacuzzi-style bath with twin head electric shower over and glass shower screen, pedestal wash hand basin with mixer tap, dual flush WC.
Tiled flooring, fully tiled walls, radiator/heated towel rail, central ceiling light.
The Exterior Front Granite-chip communal courtyard garden providing an ideal drying area, with space for table and chairs.
The courtyard garden is enclosed by a high stone wall and planted with low level flower beds. General Information Services Mains water, electricity, gas and drainage are connected to the property.
Gas fired central heating. Council Tax Band B - Cornwall Counil. Tenure Leasehold. 999 year lease commencing 1 January 1981. Quarter share of freehold. £50 per calendar month maintenance charge.
Viewing By telephone appointment with the vendor's 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.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 2 Strand Quay Flats, Fish Strand Hill, Falmouth
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