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FALMOUTH

Price £360,000

Terraced House

Overview

5 Bedroom Terraced House for sale in FALMOUTH

An excellent freshly HMO licensed and ‘fit for purpose’ student let investment house providing a lucrative investment from its five rooms, (four double, one single), with contracts in place for the current and 2021/2022 academic year. Perfectly located along a leafy avenue, near town, colleges, harbourside and seafront, this thoroughly appealing Victorian house is a worthwhile addition to an investment portfolio.

Key Features:

  • Student let investment house
  • 5 rooms earning £1,995pcm (2020/2021) (£2,260 signed up for 2021/2022)
  • Delightful Victorian terrace of four
  • New HMO licence Dec.2020
  • Near town & harbourside
  • Separate living room, kitchen/dining room
  • Shower room/WC & separate WC
  • Garden front & rear

THE PROPERTY This late Victorian house works beautifully as an investment with its five letting rooms, fresh HMO licence, and contracts for the current and next academic year.

Views to the rear look into Falmouth harbour, windows and doors are UPVC double glazed and a 'Worcester' gas boiler fuels radiator central heating and hot water supply. Internal doors are white panelled and the period fireplaces have been retained in some of the rooms.
This appealing terrace property is beautifully set back from the famous 'rope walk' with a sun bathed courtyard garden to the front and an easy to maintain rear garden with a decking area and access around to Arwenack Avenue.

THE LOCATION Elmgrove Cottages are a delightful terrace of four Victorian townhouses, tucked back and located in the sought after, leafy residential road of Arwenack Avenue. The location is within easy walking distance of Falmouth's town centre amenities including the harbour, Events Square, beaches and the nearby railway station. It's a lovely engaging place to live with so much of what Falmouth has to offer on one's doorstep!

ACCOMMODATION IN DETAIL (ALL MEASUREMENTS ARE APPROXIMATE)

UPVC double glazed and panel effect arch top door into...

ENTRANCE VESTIBULE Dado rail and inner glazed door to....

HALLWAY Stairs rising up to the first floor and down to the lower ground floor. Radiator, dado rail, telephone point and white panel doors to.....

BEDROOM ONE (GYLLY) 12' 6" (3.81m) into alcoves x 12' (3.66m) UPVC double glazed window to front. Radiator.

BEDROOM TWO (MAENPORTH) 12' 11" x 10' 3" (3.94m x 3.12m) into alcoves. Window to rear. Radiator.

Staircase from hallway to......

HALF LANDING UPVC double glazed window to rear with a pleasant outlook, partially across the harbour towards the docks and Roseland peninsula.

FIRST FLOOR LANDING White panelled doors to...

BEDROOM 3 (CARRICK) 12' 1" x 9' 10" (3.68m x 3m) UPVC double glazed window to the rear enjoying a pleasant view across the harbour. Wardrobe built into alcove, fitted desk, cast iron fireplace with wood surround and mantelpiece. Radiator.

BEDROOM FOUR (SWANPOOL) 12' (3.66m) x 9' 11" (3.02m) into alcoves. UPVC double glazed window to front. Fitted desk, cast iron fireplace with wood surround and mantelpiece. Radiator.

BEDROOM FIVE (CASTLE) A total length of 16' (4.88m) x 5' (1.52m) reducing to 3' (0.91m) in entrance/storage passageway.
UPVC double glazed window to front. Fitted desk. Radiator. Loft hatch.

LOWER GROUND FLOOR HALL Understairs storage cupboard, door to lounge and steps down to...

KITCHEN/DINER 12' 5" x 8' (3.78m x 2.44m) plus 5' 8" x 5' 1" (1.73m x 1.55m)
Fitted with a range of base and eye level units with a roll edge work top over and inset stainless steel sink and drainer with mixer tap. Built-in 'Belling' oven and grill with halogen hob and extractor fan. Space and plumbing for a washing machine, additional appliance space, wall mounted 'Worcester' combination boiler fuelling radiator central heating and hot water supply. Ceiling spotlights. Door to the rear garden.

LOUNGE 11' 2" x 10' 2" (3.4m x 3.1m) Window to side. Radiator. Door to....

REAR LBBY Window to side and doors to...

SHOWER ROOM/WC Refitted with full wall tiling and a three piece white suite comprising button flush WC, wash hand basin, oversized walk-in shower cubicle. Obscure UPVC double glazed window to rear. Chrome heated towel radiator.

SEPARATE WC Window to rear. WC. Radiator.

REAR GARDEN A courtyard garden with a decked seating area and a rear access pathway, leading to Arwenack Avenue.

FRONT GARDEN A pretty courtyard garden with wrought iron rail, granite steps leading down to a pathway to the front door. Various established shrubs.

AGENTS NOTE 1. Number 2 has a new (December 2020) House of Multiple Occupancy (HMO) licence.

2. A 'Nuaire' positive pressure ventilation system is installed. This provides an energy efficient whole home ventilation system, pushing fresh filtered air into the house at a continuous rate, a process that removes condensation as well as allergens and dust mites.

3. All double rooms are currently let at £395pcm. Single room £330pcm on a 12 month basis. All rooms contribute £17pcm for water.

This income is unchanged for 5 years and has a secured tenancy to rise to £445pcm (double room) and £370pcm (single room) for the 2021/2022 academic year.
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Residential Sales
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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