4 bedroom terraced for sale

£395,000 Guide Price

4

Bedrooms

An opportunity to purchase this attractive house conveniently located close to the town center, the railway station and Events Square.

This spacious four-bedroom student-let property, located in the heart of Falmouth Town, is available for purchase with tenants in situ, generating a healthy income of 21,600 pa for the academic year August 2024 August 2025, increasing to 28,800 for the academic year August 2025-August 2026.

The property has been successfully let for 22 years by the current owners and continues to be in high demand.

This attractive house has retained its structural integrity and has been immaculately maintained throughout. The front elevation has been recently redecorated including the installation of a new handmade wooden oriel window.


FEATURES A splendid traditional town house
Perfect location near the town centre and harbour
Ideal as a family home or investment
Let until August 2026
Four letting rooms + separate study and large communal front lounge
Immaculately maintained
100% double glazed & gas central heating
Fully fitted kitchen and bathroom
Enclosed courtyard + outbuildings
Unrestricted parking outside


PORCH 3 10" x 4 5" (1.18m x 1.36m) Original part-glazed front door with stained glass transom window and door canopy. Hooks for hanging coats. Glazed internal door and step up to;

ENTRANCE HALL 21 6" x 5 8" (6.56m x 1.75m) Carpeted with gas radiator, small under stairs cupboard (housing gas meter) and large under stairs cupboard housing small chest freezer and large fridge-freezer. Glazed door to kitchen, doors to Lounge and Bedroom 1, stairs to first floor.

LOUNGE 11 7" x 13 3" (3.53m x 4.04m) Large, double glazed bay window to front aspect, attractive period fireplace with tiled hearth surround, gas radiator, meter cupboard, pendant light.

BEDROOM 1 9 5" x 12 3" (2.87m x 3.73m) uPVC double glazed window to rear aspect built in wardrobe, gas radiator, carpeted, pendant light.

KITCHEN 10 9" x 9 11" (3.28m x 3.02m) Fitted with a range of modern, white base and wall units. Integrated electric oven, induction hob, stainless steel extractor hood. Stainless steel sink and drainer. Red acrylic splash backs above units. Under counter fridge. uPVC double glazed window to courtyard. External uPVC double glazed door to rear courtyard. Extractor fan. Spot ceiling lights. Vinyl flooring. Step up to hallway.

BEDROOM 5 6 1" x 9 11" (1.85m x 3.02m) Currently used as a study. Double glazed window to front aspect, carpeted, gas radiator, pendant ceiling light.

BATHROOM 4 6" x 9 10" (1.37m x 3m) Part tiled with three piece beige suite, including pedestal sink, low-level WC and bath, mains shower over bath shower curtain and rail. Mirror over sink, gas radiator, uPVC double glazed opaque window to rear aspect, vinyl flooring, extractor fan, ceiling light, Vaillant gas boiler.

BEDROOM 2 11 1" x 12 4" (3.38m x 3.76m) uPVC double glazed window to rear aspect, gas radiator, carpeted, pendant light.

BEDROOM 3 9 5" x 11 10" (2.87m x 3.61m) Double glazed window to front aspect, gas radiator, carpeted, pendant light.

BEDROOM 4 6 2" x 8 4" (1.88m x 2.54m) Stunning oriel window with secondary glazing to front aspect, built in wardrobe, gas radiator, carpeted, pendant light.

ADDITIONAL INFORMATION Freehold
EPC D
uPVC Double Glazing
Gas Central Heating
Council Tax Band C


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 stones 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.

REAR COURTYARD Fully enclosed courtyard with utility cupboard housing washing machine & dryer, large shed and rear pedestrian access via gate.

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.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 328575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 9875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 32325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message