Arwenack Street, Falmouth, Cornwall, TR11
LA

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 %
from 530,594.00 £
Est sale value
346,746.40 £
Increased by 7.31 %
from 323,121.92 £
Average area rental value
1,360.00 £/mo
Decreased by 7.04 %
from 1,463.00 £/mo
Est letting value
762.08 £/mo
Unchanged by 0.00 %
from 762.08 £/mo
Est rental Yield
4.33 %
Increased by 30.82 %
from 3.31 %
Crime Rate
42.00 %
Unchanged by 0.00 %
from 42.00 %

Agent Activity

  • Laskowski & Company created the listing.

Nearby Schools

NameTypeOfstedDistance
Falmouth UniversityHigher Education Institutions0.64 KM
King Charles Primary SchoolAcademy Converter0.95 KM
Falmouth & Penryn Children'S CentreChildren's Centre1.31 KM
Flushing SchoolVoluntary Controlled SchoolGood1.32 KM
Marlborough SchoolCommunity SchoolRequires improvement1.57 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Grove Place £ 000.00 KM
Fish Strand Quay £ 000.00 KM
Fountain Ope £ 000.00 KM
Woodland Close £ 000.00 KM
Free Steps Ope £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Falmouth Town3591FMT0.49 KM
Falmouth Docks3508FAL1.15 KM
Penmere3499PNM1.89 KM
Penryn (Cornwall)3525PYN5.41 KM
Perranwell3528PRW8.72 KM

Nearby Listings

AddressPriceTypeScoreDistance
Arwenack Street, Falmouth, Cornwall, TR11 £ 800,000BUY5 / 100.00 KM
Falmouth Waterfront, Cornwall £ 950,000BUYUnknown0.02 KM
Quay Hill, Falmouth £ 220,000BUY4 / 100.05 KM
FALMOUTH £ 145,000BUY5 / 100.10 KM
Hulls Lane, Falmouth, Cornwall, TR11 £ 290,000BUY5 / 100.11 KM

Nearby Properties

AddressPriceDistance
The Old Quay House £ 450,0000.02 KM
40 Arwenack Street £ 107,0000.03 KM
The Moorings £ 480,0000.04 KM
Tocopilla Cottage £ 330,0000.04 KM
Nightingale House £ 950,0000.04 KM