Summary - 15 LISTER STREET FALMOUTH TR11 3BT
4 bed 1 bath Terraced
Four-bed property with garden and predictable rental income.
Current rent £1,950pcm; gross yield ~7%|
Tenanted until June 2026 — income secure short term|
Four bedrooms in compact 753 sqft layout; small overall size|
One bathroom only; may suit sharers or need reconfiguration|
Kitchen shows damp/water damage and peeling paint — repairs needed|
Period granite walls likely uninsulated; energy improvements recommended|
Private rear garden; gas central heating and double glazing present|
EPC D; purchaser should budget for modernization and window restoration
Set in the heart of Falmouth, this late Victorian mid-terrace offers flexible potential as a continuing student investment or a family home when the tenancy ends. The property returns £1,950pcm with a gross yield around 7%, and benefits from gas central heating, double glazing and a private rear garden—rare for central locations.
Internally the house is compact (approximately 753 sqft) with four bedrooms configured currently as a three-bedroom student let, one bathroom, a cosy lounge and a large utility room. The property is structurally solid with period granite walls and sash-window character, but it requires some updating and minor repairs: the kitchen shows signs of damp/water damage and peeling paint, some window restoration is needed and the walls are assumed to lack insulation.
This is a straightforward buy-to-let for an investor wanting immediate income (tenant until June 2026) or a renovation opportunity for a family seeking central convenience close to shops, transport and schools. The EPC is grade D and council tax is low; purchasers should factor in refurbishment costs and potential improvements to thermal performance.
Overall, the house’s main strengths are location, rental income and garden space; its main drawbacks are compact room sizes, one bathroom, visible damp in the kitchen and likely need for modernization and insulation upgrades.
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