Arwenack Street, Falmouth, Cornwall, TR11
By Laskowski & Company
£ 800,000
Reviews
2 out of 5 stars
Laskowski & Company says ..
Quay Apartments is a long leasehold 'block' comprising 3 self-contained apartments, let to students. The ground floor restaurant does not form part of the long leasehold interest. Current income for the block: £60,023. Rental income rising to: £75,794 (June 2024).
Property Oracle says ..
This property, located on Arwenack Street in Falmouth, Cornwall, is a multi-unit building comprising of multiple apartments. The listing shows images suggesting a fairly basic but functional interior. The property benefits from being in a desirable coastal town with good transport links, proximity to educational institutions like Falmouth University and several primary schools, and relatively easy access to amenities.
However, the lack of outdoor space and limited plot size is a significant drawback. The relatively small square footage compared to the high list price of £800,000 could be concerning for buyers looking for individual properties, unless the rental income makes up for this. The price point is likely justified, at least partially, by the potential rental income; more financial information would be required for a full assessment. Further investigation into the specific condition of each apartment and the details of the leasehold would be necessary before a complete valuation can be achieved. The overall impression is of a property with potential, but buyers should scrutinize the details of its rental income and the overall structural condition before making an offer.
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
- 6
- Location
- 7
- Land
- 1
- Bedrooms
- 10
- Bathrooms
- 6
- Sqft (est)
- 762.08
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
- 377,000.00 £Decreased by 28.95 %
- Est sale value
- 346,746.40 £Increased by 7.31 %
- Average area rental value
- 1,360.00 £/moDecreased by 7.04 %
- Est letting value
- 762.08 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.33 %Increased by 30.82 %
- Crime Rate
- 42.00 %Unchanged by 0.00 %
Agent Activity
Laskowski & Company created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Falmouth University | Higher Education Institutions | 0.64 KM | |
| King Charles Primary School | Academy Converter | 0.95 KM | |
| Falmouth & Penryn Children'S Centre | Children's Centre | 1.31 KM | |
| Flushing School | Voluntary Controlled School | Good | 1.32 KM |
| Marlborough School | Community School | Requires improvement | 1.57 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Grove Place | £ 0 | 0 | 0.00 KM |
| Fish Strand Quay | £ 0 | 0 | 0.00 KM |
| Fountain Ope | £ 0 | 0 | 0.00 KM |
| Woodland Close | £ 0 | 0 | 0.00 KM |
| Free Steps Ope | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Falmouth Town | 3591 | FMT | 0.49 KM |
| Falmouth Docks | 3508 | FAL | 1.15 KM |
| Penmere | 3499 | PNM | 1.89 KM |
| Penryn (Cornwall) | 3525 | PYN | 5.41 KM |
| Perranwell | 3528 | PRW | 8.72 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Arwenack Street, Falmouth, Cornwall, TR11 | £ 800,000 | BUY | 5 / 10 | 0.00 KM |
| Falmouth Waterfront, Cornwall | £ 950,000 | BUY | Unknown | 0.02 KM |
| Quay Hill, Falmouth | £ 220,000 | BUY | 4 / 10 | 0.05 KM |
| FALMOUTH | £ 145,000 | BUY | 5 / 10 | 0.10 KM |
| Hulls Lane, Falmouth, Cornwall, TR11 | £ 290,000 | BUY | 5 / 10 | 0.11 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| The Old Quay House | £ 450,000 | 0.02 KM |
| 40 Arwenack Street | £ 107,000 | 0.03 KM |
| The Moorings | £ 480,000 | 0.04 KM |
| Tocopilla Cottage | £ 330,000 | 0.04 KM |
| Nightingale House | £ 950,000 | 0.04 KM |