Secure student-let with development potential and immediate income.
Five-bedroom mid-terrace producing £3,125pcm rent
A solid buy-to-let in central Falmouth, this five-bedroom mid-terrace is currently let to five students and produces a gross yield of 7.28% (monthly rent £3,125). The tenancy runs until 31 July 2026, giving immediate, secure income for an investor but restricting vacant-possession options in the short term.
Rooms are well proportioned across three storeys, with a contemporary kitchen, two bathrooms and double glazing added after 2002. The property sits on a decent plot with a rear garden and a detached garage/workshop that offers clear development potential subject to planning consent — possible conversion or ancillary rental space could increase long-term income.
Construction is traditional granite/whinstone pre-1900 fabric with assumed no wall insulation; the building is in average overall condition and benefits from mains gas central heating. The EPC is D. Any buyer should allow for possible insulation and energy-efficiency improvements and confirm planning feasibility before undertaking structural changes such as reconfiguring the staircase or developing the outbuilding.
Situated within walking distance of Falmouth town and local amenities, this terraced house suits investors seeking an income-producing, value-add opportunity near local colleges and transport links. It’s a turnkey rental today with scope to enhance returns through permitted development and refurbishment over time.
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