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See how verdicts work5-bedroom terraced house · TR11 4BW
Listing removedListed 146 days
Opportunity summary
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About
INVESTMENT PROPERTY: Spacious property let to 4 students in the heart of Falmouth Town, available for purchase with tenants in situ, generating a healthy income of £27,600 pa for the academic year 2025-2026.
An excellent opportunity to purchase this deceptively large, terraced cottage of 1224 sq ft / 114 sq m (plus workshop) conveniently located close to the beaches, town centre, railway station and Events Square.
This spacious student-let property, located off Bar Rd in the heart of Falmouth Town, is available for purchase with tenants in situ, generating a healthy income of £27,600 pa for the academic year 2025-2026.
The property has been successfully let for 22 years by the current owners and continues to be in high demand due to the superb location and space.
Currently the cottage is rented to four students each occupying one of the four double bedrooms. Additionally there is a fifth, single bedroom which can be used for guests or as a study.
The original cottage has the benefit of a rear extension providing an extended kitchen on the ground floor plus a full bathroom and SECOND toilet with sink on the 1st floor.
The property benefits from a workshop/ studio in the rear courtyard, with electrical connection, back-up appliances and sink with hot and cold running water.
This is an ideal additional space for art students and adds to its rental popularity. There is also an outside toilet. The cottage has been maintained to a high standard throughout.
FEATURES - Deceptively large traditional cottage - Immaculately maintained - Perfect location near the town centre, harbour and beaches - 100% double glazed & gas central heating - Excellent investment - Fully fitted kitchen and bathroom, plus two additional toilets, internal and external - Currently student let to July 2026 Producing £27,600 per annum.
- Enclosed courtyard with large workshop/ studio fully serviced with basin hot & cold water plus a third toilet - Five bedrooms (four doubles, one single) plus communal lounge - Unrestricted parking outside to the front and back - Deceptively large traditional cottage - Immaculately maintained - Perfect location near the town centre, harbour and beaches - 100% double glazed & gas central heating - Excellent investment - Fully fitted kitchen and bathroom, plus two additional toilets, internal and external - Currently student let to July 2026 Producing £27,600 per annum.
- Enclosed courtyard with large workshop/ studio fully serviced with basin hot & cold water plus a third toilet - Five bedrooms (four doubles, one single) plus communal lounge - Unrestricted parking outside to the front and back PORCH 4' 0" x 2' 11" (1.22m x 0.91m) Opaque glass panel uPVC double glazed front door, with glass panel inner door to hallway.
HALLWAY 8' 0" x 2' 11" (2.46m x 0.91m) Hallway with door to Bedroom 1 and glass panel door to Lounge. Carpeted. Gas radiator. Wall light.
BEDROOM 1 13' 1" x 11' 10" (3.99m x 3.61m) uPVC double glazed window to front aspect. Gas radiator. Carpeted. Pendant ceiling light.
LOUNGE / DINER 16' 5" x 12' 7" (5m x 3.84m) uPVC double glazed window to rear aspect. Two gas radiators. Alcove shelving either side of chimney breast. Carpeted. Door to stairwell.
Glass panel door to Hall. Door to Kitchen. Pendant ceiling light. KITCHEN 2' 35" x 3' 54" (1.5m x 2.29m) Fitted with a range of modern, white base and wall units.
Integrated electric oven with gas hob, stainless steel splash back and extractor hood. Stainless steel sink and drainer. Red acrylic splash backs above units. Vaillant combi gas boiler.
Under counter fridge, freezer and washing machine. uPVC double glazed triple pane picture window to courtyard. External wood door with glazed fan light to rear courtyard.
Internal door to hall stairwell. Extractor fan. Strip ceiling light. Vinyl flooring. FIRST FLOOR LANDING & STAIRWELL Carpeted. Internal window to Bedroom 5. Gas radiator on first floor.
Steps into recess with window overlooking rear courtyard. Doors to Bedrooms 2, 3, and 5. Stairs to second floor/ bedroom 4. Wall lights and pendant ceiling lights.
BEDROOM 5 6' 0" x 9' 7" (1.83m x 2.92m) uPVC double glazed window to front aspect. Gas radiator. Carpeted. High level shelf. Pendant ceiling light.
BEDROOM 2 9' 11" x 13' 0" (3.02m x 3.96m) uPVC double glazed window to front aspect. Gas radiator. Carpeted. Pendant ceiling light.
BEDROOM 3 10' 6" x 11' 7" (3.2m x 3.53m) uPVC double glazed window to rear aspect. Gas radiator. Alcove shelving and clothes rail to right side of chimney breast. Carpeted. Pendant ceiling light.
WC Low level WC and wall-hung compact basin with tiled splash back and mirror over. Vinyl floor. Ceiling light.
BATHROOM 2' 44" x 2' 65" (1.73m x 2.26m) Three piece white suite, including pedestal sink, low-level WC and bath, with wooden side panel, electric shower over bath and glass shower screen.
Mirror over sink. Gas radiator. Airing cupboard. uPVC double glazed opaque window. Vinyl flooring. Extractor fan. Ceiling light.
BEDROOM 4 12' 9" x 4' 6" (3.89m x 1.37m) Stairs lead from first floor landing to a small landing with a door opening to Bedroom 4. Velux window. Gas radiator. Under-eaves storage cupboards. Carpeted.
Pendant ceiling light. REAR COURTYARD Enclosed rear courtyard with crazy paving and raised decked area.
GARDEN SHED Large wooden shed with lighting and electricity, used as a utility room with sink and storge cupboards, additional fridge freezer and dryer.
Additional Information: Freehold EPC E uPVC Double Glazing Gas Central Heating Council Tax Band B Location: Swathed in maritime history, Falmouth is now a vibrant university town being home to both Exeter and Falmouth Universities.
A hub for sporting and cultural pursuits, the south Cornish coast offers fabulous sea swimming, paddle boarding and hiking trails just a stone's throw away.
There are numerous yacht and sailing clubs nearby with some of the finest day sailing waters in the UK and Falmouth Golf Club is located at Swanpool.
Being home to the world-famous Falmouth School of Art, Falmouth is a hub for the Arts in Cornwall, with the Princess Pavilion and The Poly offering a rich programme of events throughout the year.
ANTI MONEY LAUNDERING REGULATIONS - PURCHASER We are required by law to ask all purchasers for verified ID prior to agreeing a sale.
PROOF OF FUNDS - PURCHASERS Prior to agreeing a sale, we will require proof of financial ability to purchase which will include an agreement in principle for a mortgage and/or proof of cash funds.
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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.
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