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FALMOUTH

Asking Price £220,000

End of Terrace House

Overview

4 Bedroom End of Terrace House for sale in FALMOUTH

Long established and successful student let accommodation with students signed up for the coming year. Four bedrooms (each large enough to fit a double bed), Kitchen/common room, front and rear gardens. Garage separately let to a local person. Great investment opportunity.

Key Features:

  • Long established student let
  • Tenants already signed for the coming year
  • 4 bedrooms
  • Kitchen/common room
  • Front & rear gardens
  • Garage rented separately

THE LOCATION Kerensa Green is a 1970's development of houses built on the outskirts of Falmouth to a lower density and with more amenity space than is usual today. Falmouth itself is renowned for its beautiful period buildings and wonderful sailing waters. A true sailor's town, Falmouth has seen a renaissance over the past ten years and offers a vast array of bars, restaurants and pubs to suit all tastes. Famed for its many festivals and regattas, the town also offers a good selection of shops from boutiques to high street retailers.
Nearby train stations (Falmouth Town and Penmere Halt) provide a convenient link to the mainline at Truro for Exeter and London, Paddington.
Falmouth Docks are a major contributor to the town's economy and along with Falmouth University (with campuses in Falmouth and Penryn) and Falmouth Marine School, specialising in traditional and modern boat building, marine engineering and environmental science, ensure an all year round and vibrant community. There are five primary schools and one secondary school in the town and highly regarded independent preparatory and senior schools in Truro.
Falmouth boasts the third largest natural harbour in the world and is renowned for its maritime facilities which offer some of the best boating and sailing opportunities in the country. Falmouth is consistently ranked as one of the top five places to live in the UK.


THE PROPERTY Built in the 1970's and to a much bigger size than is afforded to new-build homes of today, this end of terrace house has been a student let for many years and has given our vendor a good income over those years. The four bedrooms have been rented for the years before but this year only three of the rooms are rented due to this year being a "low birth-rate year". The usual income is £19,000pa but for the coming year this will be £16,200pa. All four bedrooms fit a double bed and the kitchen doubles as a common room. All is in nice order and ready to earn a good income. A return this year of 7.4% is obviously much higher than anything a bank could offer (and should next year you rent the four bedrooms as has been the norm, the return will be close to 9%!)
There are gardens to the front and rear plus a parking area to the rear which is next to the garage (which is separately let out to a local person).


ACCOMMODATION IN DETAIL (ALL MEASUREMENTS ARE APPROXIMATE)

Through the glazed door to the front you enter into the....

HALLWAY Stairs to the first floor and under stair cupboard. Door to the kitchen/common room. Straight ahead at the end of the long hall is a door to the rear garden, bedroom one and shower room.

KITCHEN/COMMON ROOM 14' 3" x 12' 1" (4.34m x 3.68m) Range of modern units with mushroom coloured door and drawer fronts. Wood effect work surface with inset stainless-steel sink. Free-standing washing machine (all white goods fixtures, fittings and furniture are included in the sale as this is a going concern). Worcester Bosch combination gas boiler fuelling radiator central heating and hot water supply. Hob with extractor over and eye-level fitted oven plus free-standing fridge/freezer. Large window to the front, laminate floor, seating area with sofa.

BEDROOM ONE 14' 10" x 9' 5" (4.52m x 2.87m) Window to the rear looking out to the rear courtyard. Radiator.

SHOWER ROOM Comprising WC with button flush, bi-fold glass doors to shower cubicle with electric shower over. Hand wash basin. Chrome heated ladder style towel radiator, obscure window to the rear.

FIRST FLOOR

LANDING Providing access to all rooms. Loft hatch.

BEDROOM TWO 12' 2" x 10' 2" (3.71m x 3.1m) Window to the front, overlooking the green.

BEDROOM THREE 11' 9" x 9' 4" (3.58m x 2.84m) Window to the rear overlooking the garden. Built-in wardrobe.

BEDROOM FOUR 10' 3" (3.12m) reducing to 5' 9" (1.75m) x 9' 2" (2.79m) Window to the front, overlooking the green.



SHOWER ROOM 6' 9" x 5' 5" (2.06m x 1.65m) Large glass shower cubicle with plumbed shower over, button flush WC, pedestal hand wash basin, chrome heated towel rail, obscure window to the rear, extractor.

OUTSIDE To the front is a small garden with wooden fence. To the rear is a concrete courtyard straight outside the rear door with washing line. Up steps to a sunny decked area on one side and shrub planting to the other. Small wooden shed and gate to rear parking area.



GARAGE The garage is rented separately for £65pcm (£780pa)
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01326 319 767

3 Church Street, Falmouth
Cornwall, TR11 3DN

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01326 374 850

Swingbridge House, Anchor Quay, Penryn, Cornwall, TR10 8GU

 

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