(Flat 1 & 2) Western Terrace, Falmouth, TR11

ATTENTION INVESTORS 9.2% YIELD: Lang Llewellyn & Co are delighted to offer this great opportunity to purchase TWO FLATS within one building which are CURRENTLY SUCCESSFUL STUDENT LETS.

This property has TWO FLATS which are both currently successful STUDENT LETS which could provide an INSTANT INCOME to the new purchasers.

Western Terrace is a superb location for students with easy access to the town centre, train station, Woodlane Campus and the beaches.

The flats have their own PRIVATE ACCESS (the ground floor fat is accessed from the front of the building and the top floor flat is accessed via the rear of the building).

The GROUND FLOOR FLAT has 3 bedrooms, 1 bathroom and a large kitchen / dining room. This flat is currently Let Agreed to a student group at a figure of £2,058/month including utilities with the Tenancy due to commence in June 2025.

In summary, this flat offers the following accommodation:

• Private access via the front of the property;

• Hallway leading from the front door with access to all rooms;

• 1 double bedroom at the front of the property;

• 2nd double bedroom to the rear of the original building.

• Bathroom with white suite.

• Kitchen / dining room in the rear extension.

• 3rd bedroom in the rear extension.

• Our interactive 360 video tour gives a great overview of the property.

The TOP FLOOR FLAT is set over 2 floors and has 4 bedrooms, 1 bathroom, 2 reception rooms, 1 kitchen and 2 small rooms which could be used for storage or small study rooms. This property is currently advertised (as of Jan 2025) at a figure of £2568/month including utilities with the Tenancy due to commence in July 2025.

In summary, this flat offers the following accommodation:

• Private access from the rear of the property via external steps to the first floor;

• Reception / entrance room;

• Sitting room;

• Hallway;

• Separate kitchen;

• Bathroom with white suite.

• 2 double bedrooms.

• Store room / study room.

• Stairs to the top floor.

• 2 further double bedrooms.

• Store room / study room.

• Our interactive 360 video tour gives a great overview of the property.

Externally, this property has a two garages to the rear which are currently let by the current owners privately.

Courtyard style gardens are to the front and rear of the property.

HEATING:

The ground floor flat benefits from GAS CENTRAL HEATING.

The top floor flat has electric heaters.

EPC RATINGS:

Both flats have separate Energy Performance Certificates with E Ratings.

FLOOD RISK:

This property has the following risk of flood:

Yearly chance of flooding from flood water- Very Low.

Yearly chance of flooding from rivers and sea- Very Low.

SERVICE CHARGE:

There is no service charge or ground rent. The entire property is freehold and there is no lease on either property. 

The yield given is calculated using the asking price of the property (£460,000) and the expected monthly rental figure (£3,700) from July 2025.

The yield figure does not take into consideration the rental payments for the 2 garages. These currently achieve £43/month per garage. The garages are rented by the Landlord on a rolling (monthly) contract.

Don’t forget to view our 360 degree interactive tour.

Services: We understand the property is serviced by mains water, gas, electricity and drainage.

Viewings & Enquiries: All enquiries and viewing requests are to be made directly through Lang Llewellyn & Co, the vendors’ Sole Agent.

Flood Risk: The area around this property has a:

Very Low yearly chance of flooding from Surface Water.  

Very Low yearly chance of flooding from Rivers and Seas.  

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Are you looking to buy to let? Lang Llewellyn & Co are one of the largest letting agencies in Cornwall, we can offer you a complete service including rental valuations.

Disclaimer: The information provided by Lang Llewellyn & Co is for general informational purposes only. All information on the property details, including but not limited to descriptions, measurements, and prices, is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the property.

Buyer Responsibility: It is the responsibility of the buyer to verify all property details independently. Lng Llewellyn & Co shall not be held liable for any errors, omissions, or inaccuracies in the information provided. Buyers are encouraged to conduct their own inspections and seek professional advice before making any decisions.

Lang Llewellyn & Co will not be liable for any loss or damage of any kind incurred as a result of the use of the information provided. All property transactions are subject to the terms and conditions of the sale agreement.