5 bedroom terraced for sale

£995,000 Guide Price

5

Bedrooms

Floorplan

For sale for the first time in over 40 years is this completely refurbished Georgian property, a much-loved family home, beautifully positioned on Dunstanville Terrace with exquisite water views, looking directly across the Penryn River towards the Carrick Roads and St Mawes.

The property is divided into a one-bedroom ground floor flat, a three bedroom first and second floor maisonette and a one bedroom cottage to the rear, each with their own private entrance.

There is a beautiful, established, terraced garden to the rear, with pleasant seating and bar-be-que areas, a garden shed and a quaint, historic smoke-house which would have been used for smoking fish. From the top terrace which has a summer house, you can enjoy stunning far-reaching sea views.

The property would be ideal for those looking for multi generational living or, perhaps, someone looking for one property to live in whilst letting out the other two.

Having undergone a thorough refurbishment, with a high level of attention to detail, including new, good quality bathrooms and kitchens, rewiring, plumbing and heating, the property is now ready for the next owners to move into and enjoy immediately!

Viewing is highly recommended to appreciate the outstanding position of this handsome property.


THE ACCOMMODATION Approximately 194 sq m / 2099 sq ft in Total

Ground Floor Flat:
The entrance is positioned on the Dunstanville Terrace side, set back a little from the road by a small patio garden and seating area. There is an entrance porch which leads through to a corridor taking you to the open-plan kitchen / lounge / diner, a separate utility cupboard, a WC, a shower room and a double bedroom. The kitchen / lounge / diner is a large, open-plan room, with a modern fitted kitchen to the rear and a lovely large bay window with gorgeous sea views at the front. The ground floor is slightly raised above the road level, as well as being set back by the front patio garden, thereby giving the flat a good amount of privacy from passers-by. There is a double bedroom to the rear of the flat which has useful built-in cupboards
to make the most of the space.

Maisonette:
The maisonette is accessed via a gate which leads down the side of the property and is a shared access with the property to the right. At the rear there is a small, gated courtyard with the entrance to the maisonette and a gateway leading to the old smoker, the garden and the cottage. As you enter the property on the ground floor you come into an entrance hall which leads through to a useful utility / laundry room and stairs to the first floor landing. There is a large, modern, shower room off the landing and another door takes you into the open-plan kitchen / lounge / diner. There is a very smart bespoke kitchen with a variety of quality fitted units, butchers block style worktops with ceramic sink & drainer, inset double oven with 6 ring induction hob and space for an American style fridge-freezer. The splash backs are attractively tiled with natural stone mosaic and there is a breakfast bar set into the window reveal, as well as ample space for a dining table and chairs. An archway leads through to the lounge which has, as its focal-point, a stunning bay window from where you can enjoy the spectacular views of Falmouth Bay. The panelling around the bay window has been beautifully restored, along with the traditional deep skirting boards and picture rails. On the second floor, a small landing leads to three bedrooms and a second shower room. The principal bedroom is an excellent size with a lovely far-reaching water view across to Flushing and St Mawes and plenty of room for either traditional free-standing bedroom furniture or for the addition of fitted wardrobes if you prefer. The second and third bedrooms both fit a small double bed.

Melrose Cottage:
To the rear of the main house is an architecturally pleasing, two storey, one bedroom cottage which, we are informed, has been virtually rebuilt in recent years during the renovation process, including a new, traditional slate roof. The cottage is entered from the raised garden level at the rear and provides contemporary reverse living accommodation with a light and airy double height, open-plan kitchen / lounge/ diner with Velux windows. Stairs lead down to a large double bedroom with ensuite shower room on the ground floor.

21 Dunstanville Terrace has been thoughtfully and neutrally decorated throughout. Recently insulated with newly plastered walls and ceilings, restored woodwork, quality kitchen and bathrooms fittings, and a high level of attention to detail in the finishes throughout make this a rare find. A traditional Georgian townhouse with all the modern additions you would hope for to make this an exceptionally comfortable property to live in.

Features:
UPVC double glazed windows and doors throughout
Modern electric radiators throughout
Electric immersion heaters for hot water
Beautifully restored woodwork
Insulation added to walls and floors
Council Tax band D
EPC Ratings: Ground Floor Flat : C / The Maisonette : D / Melrose Cottage : D
Parking : Dustanville Terrace and adjacent streets have unrestricted on-road parking

LOCATION Dunstanville Terrace is one of Falmouths finest water fronting streets, lined with splendid Georgian, Victorian and Edwardian townhouses, and of course home to The Royal Cornwall Yacht Club and the four star Greenbank Hotel. The terrace overlooking the stretch of water known as the Kings Road, where packet ships were moored, was named for Francis Basset who became Baron de Dunstanville in 1796. Noble terraces and detached villas, built for Packet Captains and wealthy merchants from the 1790s onwards were developed along the Green Bank. With many properties now listed, the area has retained much character and charm and the walk to the High Street, taking in the river views across to St Mawes, is one of Falmouths most pleasant.

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

£ 814575

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 24875
  • 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

£ 68325
  • 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

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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

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  • 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

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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.

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