Standout Features
- 8 BEDROOM LICENSED HMO
- CENTRE OF FALMOUTH
- CLOSE TO PUBLIC TRANSPORT
- TENANTED (NOT STUDENTS)
- MAY BE SOLD AS A GOING CONCERN
Property Description
Located on a popular street, in the heart of Falmouth, a three storey terraced property, currently let as a licensed 8 bedroom HMO. The property is fully tenanted and therefore may be sold as a going concern to an investor.
The property has been an HMO for 36 years and is let to 8 adults (non-students), a number of whom have lived there for many years.
Alternatively, the property could be sold with vacant possession. Please discuss with the Agent.
INCOME
Current rental income: £42,400 per annum.
Increasing to £45,120 per annum in August 2025 which equate to a gross yield of 9.8%.
(Please note, the caretaker pays a reduced rent for the flat.)
Clear potential to achieve higher income in the future.
Expenses: Gas, Water, Electricity, Broadband, TV, Council Tax, Insurance & Sundries - Approximately £7000 per annum.
DESCRIPTION This spacious, three storey property is located on Marlborough Road, a residential street in the centre of Falmouth, just a short walk to the shops and amenities of The Moor and Market Street. The property is set back from the road by a small front garden and to the rear is a courtyard garden with a garden gate accessing the lane behind.
ACCOMMODATION COMPRISES
Ground Floor:
Entrance porch and hallway
A spacious bed-sit benefitting from a large bay window to the front
A large communal kitchen, fully equipped with 2 cookers, 3 fridges, freezer, microwave and ample cupboards
A shared WC
A one-bedroom flat, with a sitting room, kitchen with a door to the rear courtyard garden and a double bedroom with sink and shower
First Floor:
A shared bathroom with shower over bath, WC and sink
A large bed-sit with a double bed, shower and sink
Two single bedsits, one with sink
A bedsit with raised bed and sink
Second Floor:
Two double bed-sits, each with shower and sink
All rooms are fully furnished with a double or single bed, wardrobe, chest of drawers, table and chair (except the smallest room), bedside table, table lamp, waste bin and curtains,
KEY FEATURES
Freehold
Council Tax Band D
EPC E
Gas Central Heating
No Onward Chain
Electric Showers
HMO Licence No: HL22_000128
LOCATION Marlborough Road is a residential street in the heart of Falmouth. It is around a 10-minute walk to the amenities of The Moor and the high street, around a 12-minute walk to Penmere Train Station and around a 20-minute walk to Gyllyngvase Beach. There are numerous bus routes nearby as well.
Falmouth is exceptionally located on the south coast of Cornwall and has an abundance of local amenities as well as being well connected by roads and train services to the rest of Cornwall and beyond. Swathed in maritime history, Falmouth is now a vibrant hub for sporting and cultural pursuits. The south Cornish coast offers fabulous sea swimming, paddle boarding and hiking trails just a stone's throw away. There are numerous yacht and sailing clubs nearby with some of the finest day sailing waters in the UK and Falmouth Golf Club is located at Swanpool. Being home to the world famous Falmouth School of Art, Falmouth is a hub for the Arts in Cornwall, with the Princess Pavilion and The Poly offering a rich programme of events throughout the year.
ANTI MONEY LAUNDERING REGULATIONS - PURCHASER
We are required by law to ask all purchasers for verified ID prior to agreeing a sale.
PROOF OF FUNDS - PURCHASERS
Prior to agreeing a sale, we will require proof of financial ability to purchase which will include an agreement in principle for a mortgage and/or proof of cash funds.
The property has been an HMO for 36 years and is let to 8 adults (non-students), a number of whom have lived there for many years.
Alternatively, the property could be sold with vacant possession. Please discuss with the Agent.
INCOME
Current rental income: £42,400 per annum.
Increasing to £45,120 per annum in August 2025 which equate to a gross yield of 9.8%.
(Please note, the caretaker pays a reduced rent for the flat.)
Clear potential to achieve higher income in the future.
Expenses: Gas, Water, Electricity, Broadband, TV, Council Tax, Insurance & Sundries - Approximately £7000 per annum.
DESCRIPTION This spacious, three storey property is located on Marlborough Road, a residential street in the centre of Falmouth, just a short walk to the shops and amenities of The Moor and Market Street. The property is set back from the road by a small front garden and to the rear is a courtyard garden with a garden gate accessing the lane behind.
ACCOMMODATION COMPRISES
Ground Floor:
Entrance porch and hallway
A spacious bed-sit benefitting from a large bay window to the front
A large communal kitchen, fully equipped with 2 cookers, 3 fridges, freezer, microwave and ample cupboards
A shared WC
A one-bedroom flat, with a sitting room, kitchen with a door to the rear courtyard garden and a double bedroom with sink and shower
First Floor:
A shared bathroom with shower over bath, WC and sink
A large bed-sit with a double bed, shower and sink
Two single bedsits, one with sink
A bedsit with raised bed and sink
Second Floor:
Two double bed-sits, each with shower and sink
All rooms are fully furnished with a double or single bed, wardrobe, chest of drawers, table and chair (except the smallest room), bedside table, table lamp, waste bin and curtains,
KEY FEATURES
Freehold
Council Tax Band D
EPC E
Gas Central Heating
No Onward Chain
Electric Showers
HMO Licence No: HL22_000128
LOCATION Marlborough Road is a residential street in the heart of Falmouth. It is around a 10-minute walk to the amenities of The Moor and the high street, around a 12-minute walk to Penmere Train Station and around a 20-minute walk to Gyllyngvase Beach. There are numerous bus routes nearby as well.
Falmouth is exceptionally located on the south coast of Cornwall and has an abundance of local amenities as well as being well connected by roads and train services to the rest of Cornwall and beyond. Swathed in maritime history, Falmouth is now a vibrant hub for sporting and cultural pursuits. The south Cornish coast offers fabulous sea swimming, paddle boarding and hiking trails just a stone's throw away. There are numerous yacht and sailing clubs nearby with some of the finest day sailing waters in the UK and Falmouth Golf Club is located at Swanpool. Being home to the world famous Falmouth School of Art, Falmouth is a hub for the Arts in Cornwall, with the Princess Pavilion and The Poly offering a rich programme of events throughout the year.
ANTI MONEY LAUNDERING REGULATIONS - PURCHASER
We are required by law to ask all purchasers for verified ID prior to agreeing a sale.
PROOF OF FUNDS - PURCHASERS
Prior to agreeing a sale, we will require proof of financial ability to purchase which will include an agreement in principle for a mortgage and/or proof of cash funds.
Additional Information
Tenure:
Freehold
Council Tax Band:
D
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Marlborough Road, Falmouth, Cornwall
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