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£265,000
SOLD
4 Bed House - Terraced - Lister Street, Falmouth

KEY FEATURES

  • 4 letting rooms
  • Superb investment
  • £17,280 gross annual return
  • Mid-terraced house
  • Ideal location
  • Longstanding HMO
  • Close to town
  • Rear garden

DESCRIPTION

An excellent student letting investment, currently returning a gross annual income of £17,280, featuring 4 double letting rooms and situated in a perfect location within a few minutes' walk of Falmouth's town centre and main bus station; Gyllyngvase Beach and the seafront are within an appropriate 15 minute walk.

THE PROPERTY

A pre-war mid-terraced house, within popular Lister Street, running parallel with Killigrew Street, leading to The Moor and harbourside.

Designed as a three bedroom home, this well proportioned terraced house has been occupied by students for over ten years and provides the current and future owners with an excellent return on investment. Utilising both the living room, dining room and two first floor double bedrooms as letting rooms, produces a superb yield of £17,280 (6.6% gross return on investment). The original single bedroom on the first floor provides a cosy snug and the kitchen to the rear, with first floor bathroom over, completes the communal areas. Outside, the garden is low maintenance but generous in size with a useful access gate.

THE LOCATION

Lister Street is a particularly popular location between Trelawney and Albany Roads, close to Killigrew Street and within a few minutes' walk of Falmouth's town centre. Junior and secondary schooling are within walking distance, as are Falmouth beaches, sub-tropical gardens, numerous restaurants, bars and excellent water sports facilities centre around the active harbourside.

THE ACCOMMODATION COMPRISES

(All dimensions being approximate)

A partly covered front entrance door opens into the:-

ENTRANCE HALLWAY

Part timber panelled walls, dado rail, staircase rising to the split level landing and first floor with under-stair cupboard. Radiator, doors to both ground floor bedrooms and kitchen.

BEDROOM ONE

4.00m x 3.18m (13'1 x 10'5 )

A bright and spacious double bedroom with uPVC double glazed window to the front elevation, space for desk and free-standing furniture. Radiator.

BEDROOM TWO

3.31m x 3.05m (10'10 x 10'0 )

A spacious double bedroom, featuring a broad fireplace with timber mantel and raised hearth. Fitted cupboards either side of the chimney breast. Large uPVC double glazed window overlooking the rear garden. Radiator.

KITCHEN/BREAKFAST ROOM

2.44m x 3.42m (8'0 x 11'2 )

Floor plan

A bright, double aspect kitchen with double glazed timber window to the rear elevation and secondary window to the side. Ample worksurface space with various cupboards and drawers under, tiled splashback and inset stainless steel sink with mixer tap and drainer. Space and plumbing for washing machine, four-ring electric hob with electric oven under and wall mounted gas fired boiler providing domestic hot water and central heating. Further high level cupboards and wall shelving. Tiled floor, radiator.

FIRST FLOOR

SPLIT LEVEL LANDING

Floor plan

Stairs rise from the entrance hall to this split level landing, with access to the bathroom at mid level (above the kitchen), with separate WC adjacent. Further doors to the two double lettings rooms and further single/snug.

BATH/SHOWER ROOM

2.53m x 2.38m (8'3 x 7'9 )

Floor plan

A bright and spacious room with obscure glazed uPVC double glazed window to the rear elevation. Separate panelled bath and corner shower cubicle with electric shower unit, pedestal wash hand basin and low flush WC. Heated towel rail, tiled floor and part tiled walls.

SEPARATE WC

A useful separate cloakroom/WC with obscure glazed uPVC double glazed window to the side elevation. Low flush WC.

BEDROOM THREE

3.56m x 3.04m (11'8 x 9'11 )

Another spacious double bedroom with uPVC double glazed window to the rear, overlooking the garden and distant views towards Flushing village and surrounding countryside. Fitted cupboard.

BEDROOM FOUR

3.26m x 3.11m (10'8 x 10'2 )

Another spacious and bright double bedroom with large uPVC double glazed window to the front elevation. Radiator.

SNUG

1.76m x 2.20m (5'9 x 7'2 )

A former single bedroom, now providing a cosy snug/TV room with tall uPVC double glazed window to the front elevation. Radiator, high level shelving and loft hatch.

THE EXTERIOR

REAR GARDEN

Floor plan

Specifically designed for ease of maintenance, a large paved and mostly level area, perfect for sitting-out, with rear access gate leading to New Windsor Terrace, and two brick-built stores for recycling and refuse.

GENERAL INFORMATION

SERVICES

Mains water, electricity, gas and drainage are connected to the property. Gas fired central heating.

COUNCIL TAX

Band B - Cornwall Council.

TENURE

Freehold.

POSSESSION

Currently student let until 30 June 2018, following which the property will be vacant, although many prospective purchasers may wish to 'sign-up' in advance, student tenants for the academic year commencing September 2018.

VIEWING

By telephone appointment with the vendors' Sole Agent - Laskowski & Company, 28 High Street, Falmouth, TR11 2AD. Telephone: 01326 318813.

There are no floor plans available for this property.

These particulars have been prepared as a general guide only for prospective purchasers. Although every effort has been made to provide a fair and reasonable description of the property, no specific survey or detailed inspection has been carried out in relation to the building, services, appliances and any fixtures and fittings. All measurements, dimensions, acreages and distances are approximate and should not be relied upon for accuracy. All buyers should rely on their own surveys and investigations in connection with a purchase of the property.

EPCEPC