9 Bedroom Semi-Detached House for sale in FALMOUTH
Calling all investors! A wonderful and substantial investment opportunity providing annual income in the region of £40,000. A licensed HMO residence; the main house comprising 8 bedrooms with bath/shower rooms and communal kitchen, to the side a self contained annexe with parking.
- Semi-detached substantial residence
- Popular Falmouth road
- Licensed HMO
- Main house - 8 bedrooms, bath/shower rooms, communal kitchen
- Side house - self contained one bedroom annexe with parking
- Proven £40,000 per year income
- 8.7% gross yield on the asking price
- Wonderful investment opportunity
THE LOCATION Kings Avenue is a favourite of ours, special for its valleyside position, interesting houses and proximity to town and seaside. The road is relatively tucked away and traffic light, just serving homes here and along Tregenver Villas, and as such it is a pretty peaceful place to live. It is also very convenient for access to town and harbourside, a leisurely 10-15 minute walk away and to Falmouth seafront and beaches, along Western Terrace, or the footpath to Swanpool Nature Reserve and beach. Penmere halt railway station is a 5 minute walk away and connects with Truro and mainline Paddington, whilst the nearby and excellent Co-op opens early 'til late - great as one's local!
THE PROPERTY A substantial semi-detached period residence providing a wonderful investment opportunity. The current layout comprises 8 bedrooms to the main house set across three storeys, some with en-suite shower rooms and WC's and others sharing communal bathrooms. The tenants in these bedrooms share a large kitchen to the rear with allocated storage and outside space is available by way of courtyard space to front and rear. To the side is a self-contained one bedroom flat set 'on the level' with living room, bedroom, shower room and kitchen as well as a private outside patio area and parking space.
The bedrooms and flat are let on separate tenancies generally to professionals and the proven income in consecutive years has been in the region of £40,000 per year - offering an excellent 8.7% gross yield on the asking price. This is the perfect opportunity to pick up where our client has left off and we strongly believe that the rental income could be increased with some updating cosmetically.
Available to view internally and recommended for those seeking a solid investment.
ACCOMMODATION IN DETAIL (ALL MEASUREMENTS ARE APPROXIMATE)
ENTRANCE HALLWAY Through front door, providing access to downstairs bedrooms and shower rooms, hallway leads around the staircase to the kitchen.
KITCHEN 12' 9" x 10' 2" (3.89m x 3.10m) Fully fitted, windows to rear and side.
ROOM ONE 16' 6" x 13' 0" (5.03m x 3.97m) Double bedroom, window to front, integral WC measuring 1.29m x 1.19m
BATHROOM 8' 5" x 6' 3" (2.59m x 1.93m) For the private use of room 1 across the hallway.
ROOM TWO 15' 6" x 13' 1" (4.74m x 3.99m) Double bedroom, window to front.
SHOWER ROOM 6' 5" x 3' 6" (1.96m x 1.09m) For the private use of room 2 across the hallway.
ROOM THREE 12' 5" x 11' 5" (3.80m x 3.49m) Double bedroom, window to rear aspect, integral en-suite shower room measuring 2.61m x 1.56m
FIRST FLOOR LANDING Staircase rises from entrance hallway turning on to the first floor, providing access to three bedrooms and bath/shower rooms.
COMMUNAL BATH AND SHOWER ROOM 9' 7" x 8' 6" (2.94m x 2.60m) Bath, shower, WC, basin.
COMMUNAL BATHROOM 6' 11" x 5' 6" (2.11m x 1.69m) Bath with shower over and basin. Separate WC measuring 1.41m x 1.01m.
ROOM FOUR 14' 2" x 13' 1" (4.34m x 3.99m) Double bedroom, window to front aspect, integral WC measuring 1.53m x 1.19m.
ROOM 5 13' 1" x 12' 6" (4.01m x 3.82m) Double bedroom, window to front aspect.
ROOM SIX 12' 2" x 12' 2" (3.72m x 3.71m) Double bedroom, window to rear aspect.
ROOM SEVEN 14' 0" x 10' 4" (4.27m x 3.17m) Double bedroom, window to side aspect.
ROOM EIGHT 13' 0" x 12' 1" (3.97m x 3.69m) Double bedroom, window to front aspect.
WC FOR USE OF 7 & 8 4' 3" x 3' 1" (1.30m x 0.95m)
ANNEXE ACCOMMODATION Separate entrance to the side of number 9.
LIVING AND DINING ROOM 15' 1" x 12' 8" (4.60m x 3.87m) Glazed sliding doors to front, lounge and dining room, door to rear to…
BEDROOM 11' 5" x 8' 5" (3.48m x 2.58m) Double bedroom, window to side, door to rear to an inner hallway providing access to…
SHOWER ROOM 5' 7" x 4' 3" (1.71m x 1.31m) WC, basin and shower room.
KITCHEN 7' 7" x 7' 3" (2.33m x 2.22m) Located to the rear fitted kitchen, window to rear.
OUTSIDE Courtyard to front for private use of annexe located off the living room. Driveway parking space in front of and private use for annexe. Communal courtyards to front and rear shared by the residents of the main house, paved with planted trees. Fire escape to rear.