House For Sale £297,500
Swanpool Street, Falmouth TR11

A great opportunity to acquire this spacious older style semi-detached town house which is arranged on three floors and is currently run as a four bedroom student letting property.

The house has been successfully run by our clients for some years now with four students producing a gross turnover of around £20,000 (approximately 7% yield). The current tenants are leaving the house in on June 30th 2020 and this allows new owners the chance to re-let for the new academic year.

The house has features including gas fired central heating by radiators, sealed unit double glazed windows and a fitted kitchen with freestanding appliances.

The spacious accommodation includes on the ground floor, a reception hall and two double bedrooms. The first floor has two further double bedrooms and a shower room/wc in white and finally, the lower ground floor offers a fitted kitchen/dining room, a snug/office, a rear lobby and ground floor cloakroom/wc. Outside the property, at the rear, there is a pleasant paved courtyard and pedestrian access to Swanpool Street.

The house is literally two minutes downhill walk into Falmouth's bustling town centre which offers an eclectic range of high street and independent retail shops, a diverse selection of multi-national restaurants, public houses and bars, the Events Square which is a home to many music, arts and food festivals throughout the year and of course Falmouth's National Maritime Museum. A longer walk will take you to Penmere train station, Pendennis Castle and Falmouth's famous seafront and beaches.

As the owner's sole agents, we thoroughly recommend an immediate viewing to secure this property.

Why not call for an appointment to view today?

Reception Hall

Having a radiator, staircase to upper and lower levels.

Bedroom One (4.37m (14'4") x 3.78m (12'5"))

A light dual aspect bedroom with sealed unit double glazed windows, radiator, fireplace (not tested), coved cornicing, panelled internal door.

Bedroom Two (4.24m (13'11") x 2.74m (9'0"))

Of a maximum measurement and of an irregular shape.
With sealed unit double glazed window overlooking the front aspect, coved cornicing, fitted wall shelf, radiator, double louvre-door cupboard housing a gas central heating boiler and providing further storage, panelled internal door.

First Floor Landing

With Velux double glazed window.

Bedroom Three (4.52m (14'10") x 3.40m (11'2"))

Again with a light dual aspect via sealed unit double glazed windows overlooking the front and side, pleasant views to Pendennis Castle, coved cornicing, radiator, panelled internal door, open wardrobe recess.

Bedroom Four (3.43m (11'3") x 2.84m (9'4"))

Being a maximum measurement and of an irregular shape.
With painted wood flooring, sealed unit double glazed window overlooking the front, views to Penryn River and countryside in the distance, radiator, coved cornicing, panelled internal door.

Shower Room/WC (2.11m (6'11") x 1.90m (6'3"))

With a sealed unit double glazed window, fully tiled walls and flooring, corner walk-in shower unit with mixer shower and screening, pedestal wash basin with chrome hot and cold taps, low flush wc.

Kitchen/Dining Room (4.90m (16'1") x 3.99m (13'1"))

Including stairs.
A good sized communal room with deep recessed sealed unit double glazed window overlooking the rear and equipped with a range of matching pine wall and base units, roll top work surfaces and ceramic tiling over, 1 1/2 bowl single drainer stainless steel sink unit, washing machine, tumble dryer and electric cooker. Laminate wood flooring, radiator, spotlights, space for dining table and chairs.

Snug/Study (3.81m (12'6") x 2.46m (8'1"))

Being a maximum measurement and of an irregular shape.
With an obscure recessed frosted double glazed window, radiator, electric meter box.

Door From Kitchen/Dining Room To Rear Lobby

Having a door to outside and second door to:

Cloakroom/WC

With low flush wc.

Outside

At the rear of the property there is a paved courtyard and pedestrian access leading to Swanpool Street.

Services

Mains gas, electricity, water and drainage.

Council Tax

Band B.

Current Rental

Two rooms are let for £425.00 per calendar month.
Two rooms are let for £390.00 per calendar month.
Monthly return of £1,630.00, annually £19,560.00.

An hmo licence would be required should the fifth room be rented. Potentially earning £390.00 per calendar month, the return would increase by £4,680.00 per year, increasing the overall return to £24,240 per year.