(Flat 1 & 2) Western Terrace, Falmouth, TR11
LA

(Flat 1 & 2) Western Terrace, Falmouth, TR11

By Lang Llewellyn & Co

£ 460,000

Reviews

2 out of 5 stars

Lang Llewellyn & Co says ..

*ATTENTION INVESTORS* Lang Llewellyn & Co are delighted to offer this great opportunity to purchase TWO FLATS within one building which are CURRENTLY SUCCESSFUL STUDENT LETS.

Property Oracle says ..

This property is a 7-bedroom, 2-bathroom house located on Western Terrace in Falmouth, Cornwall. The property’s location is its strongest asset, being situated in a central area of Falmouth with proximity to various amenities including schools, a train station, and Falmouth University. The walkability to the town centre and the seafront is a significant advantage.

The photos reveal a property that requires some modernisation. The kitchens and bathrooms, in particular, seem dated and could benefit from renovations to enhance their appeal. The bedrooms are of varying sizes, some being more spacious than others. While some rooms are presented in good order, others show signs of wear and tear. The overall condition is a blend of well maintained aspects and areas in need of improvement. The amount of land is small and only consists of a modest paved garden area.

The list price of £460,000 appears reasonable, considering the number of bedrooms and the potential for rental income. However, the absence of accurate square footage information and limited comparable properties with similar features prevents a precise evaluation of its value for money. Potential buyers should factor in the costs of renovation and modernisation to bring the property up to a more contemporary standard. The property might be suitable for student housing given its location near the university or could be an investment for those willing to invest in some renovation work.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
7
Land
3
Bedrooms
7
Bathrooms
2
Sqft (est)
869.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
386,259.00 £
Increased by 9.54 %
from 352,606.00 £
Est sale value
351,076.00 £
Increased by 18.48 %
from 296,329.00 £
Average area rental value
1,492.00 £/mo
Decreased by 18.74 %
from 1,836.00 £/mo
Est letting value
869.00 £/mo
Unchanged by 0.00 %
from 869.00 £/mo
Est rental Yield
4.64 %
Decreased by 25.76 %
from 6.25 %
Crime Rate
10.00 %
Unchanged by 0.00 %
from 10.00 %

Agent Activity

  • Lang Llewellyn & Co marked this listing as sold.

  • Lang Llewellyn & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
King Charles Primary SchoolAcademy Converter0.30 KM
Falmouth & Penryn Children'S CentreChildren's Centre0.37 KM
Marlborough SchoolCommunity SchoolRequires improvement0.46 KM
Falmouth UniversityHigher Education Institutions0.61 KM
Falmouth Primary AcademyAcademy Sponsor LedGood0.86 KM

Images

Ground floor flat (kitchen) Top floor flat (kitchen) Top floor flat (bedroom) Top floor flat (bedroom) Top floor flat (bedroom) Top floor flat (bedroom) Ground floor flat (rear bedroom) Ground floor flat (bathroom) Ground floor flat (kitchen) Ground floor flat (bedroom) Ground floor flat (hall) Ground floor flat (bedroom) Top floor flat (bathroom) Top floor flat (sitting room)

Nearby Streets

NameAverage PriceAverage SqftDistance
West Place £ 000.00 KM
Marlborough Road £ 510,00000.00 KM
Theydon Road £ 000.00 KM
Woodland Close £ 000.00 KM
Swanpool Hill £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Penmere3499PNM0.76 KM
Falmouth Town3591FMT1.28 KM
Falmouth Docks3508FAL2.25 KM
Penryn (Cornwall)3525PYN4.53 KM
Perranwell3528PRW8.37 KM

Nearby Listings

AddressPriceTypeScoreDistance
(Flat 1 & 2) Western Terrace, Falmouth, TR11 £ 460,000BUY5 / 100.00 KM
FALMOUTH £ 625,000BUY6 / 100.03 KM
Albany Place, Falmouth £ 495,000BUY7 / 100.07 KM
FALMOUTH £ 575,000BUY6 / 100.10 KM
West Place, Falmouth, Cornwall, TR11 £ 300,000BUY7 / 100.11 KM

Nearby Properties

AddressPriceDistance
15 Belmont Road £ 375,0000.07 KM
8 Belmont Road £ 220,0000.07 KM
10 Belmont Road £ 105,0000.07 KM
7 Belmont Road £ 175,0000.07 KM
17 Belmont Road £ 250,0000.07 KM