2-bedroom house · TR11 2AP
Listing removedListed 190 days
Opportunity summary
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About
Tucked away behind Harbour and Erisey Terrace, this wonderful character cottage occupies a discreet and highly sought-after position, just moments from the harbour-side and the heart of Falmouth, tastefully improved and updated by our client in recent years.
Believed to date back to circa 1800, and understood to be the oldest dwelling on Erisey Terrace, the property has an intriguing past, originally forming part of a barn before being thoughtfully converted into residential accommodation during the Georgian or early Victorian period.
Today, it presents a rare opportunity to acquire a highly appealing individual home, blending historic charm with carefully considered modern improvements.
Purchased by the current owner in 2013, the property has since undergone a comprehensive programme of enhancement.
The ground floor has been relaid with attractive slate flooring, perfectly complementing the rustic aesthetic, while a bespoke hand-built kitchen provides both functionality and individuality.
The living space is centred around a woodburning stove, creating a warm and inviting atmosphere, further enhanced by exposed stonework and timber detailing.
Upstairs, the improvements continue with vaulted ceilings introduced to both the principal bedroom and the shower room, enhancing the light and space, while original beams have been exposed to show-off the building’s character.
The first floor also benefits from stripped, treated timber floorboards and a tasteful redecoration throughout, resulting in a cohesive and well-presented interior.
The accommodation offers a spacious lounge/diner, separate kitchen, two well-proportioned bedrooms and a first-floor shower room, with the principal bedroom enjoying attractive views towards the harbour.
Outside, a raised but level rear garden provides a private and sheltered space, ideal for relaxing or entertaining.
A truly unique home, rich in history and charm, quietly positioned yet exceptionally convenient for Falmouth’s vibrant town centre, harbour and coastal surroundings.
Additional information Tenure - Freehold. Possession - Vacant possession upon completion to coincide with our client’s onward purchase - to be confirmed..
Services - Mains gas, electricity, water and drainage. Gas central heating. Council Tax - Band B. EPC rating - 58(D). Viewing - by appointment with Tom Wills property agents.
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 16a, Erisey Terrace, Falmouth
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