Guide price
£400,000
(£297/sq. ft)
5 bed terraced house for saleAlbany Road, Falmouth TR11
5 beds
2 baths
1 reception
1,349 sq. ft
EPC Rating: E
- Retirement
- Freehold
Heather and Lay Estate Agents
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About this property
Excellent investment property
Fine Victorian town house
Five room student HMO
Sold as a going concern - tenants in place for '25/'26 academic year
Sought-after residential location between town & seafront
Elegant bay window communal living room
Shower room/Wc up & downstairs
Fitted kitchen & utility
Southwest facing, walled courtyard garden
The property
The setting and good proportions of these fine homes make them valuable and sought after for families as well as discerning students. Our clients are seasoned, professional owners of several Falmouth investment properties. Their retirement, or at least a desire for winding down a little, results in the availability and opportunity to buy Number 10, one of their favourites. It is a very fine home and an excellent fit for purpose investment that consistently lets like a hot cake and provides a healthy income and yield at this competitive guide asking price. The balance of five letting room accommodation is excellent with shower room/WCs up and downstairs, an elegant bay window communal living room and comprehensively fitted kitchen and utility area. We like the rear walled courtyard garden, with lovely orientation facing south and West. The special position and features here make this an outstanding property for those seeking an up and running investment, or a fine family home from summer 2026, once the current academic year and tenancies have concluded.
The location
10 Albany Lies in a great part of Victorian falmouth, set at the brow of the hill and between the seafront, and the town and harbourside. The road is wide here, where one is set up high with plenty of sky, light and trees, yet just 100 yards from the excellent, early ‘til late Spar Shop, and a few minutes’ walk to Killigrew Street and shops.
EPC Rating: E
Accommodation In Detail
(all measurements are approximate) Glazed and panel front door into.....
Entrance Hall
Dado rail. Meter cupboard. Original pine and glazed door to.....
Hallway
Exposed floorboards. Radiator. Stairs to first floor. Under stair cupboards. Fire doors to living room, bedroom and through to kitchen.
Living Room
Well proportioned room with 10' (3.05m) high ceiling. UPVC double glazed bay window to front. Victorian cast iron fireplace with tile slips and painted surround and mantle. Exposed floorboards. Corniced ceiling. Picture rail. Radiator.
Kitchen
Modern fitted white units at base and eye level with worktop surfaces and one and a half bowl stainless steel sink and drainer with mixer tap. Built-in stainless steel oven, grill and induction hob with stainless steel extractor. Glass splashback.Fridge/freezer, dishwasher and shelved larder. Twin UPVC double glazed window to courtyard. 'Glow worm' boiler fuelling radiator central heating and hot water supply. Radiator. Panelled door to.....
Rear Lobby/Utility
Space and plumbing for washing machine and tumble dryer. Tile floor. Cupboard. UPVC double glazed door to courtyard. Door to....
Shower Room/WC
White suite comprising WC, hand basin and walk-in shower cubicle. Chrome heated towel radiator. Obscure window.
Bedroom One/Dining Room
UPVC double glazed window to rear. Exposed wooden floorboards. Shelves. Radiator.
First Floor
Stairs to half landing. Door to bedroom two and.....
Cloakroom/WC
Obscure window. White WC and hand basin. Radiator.
Bedroom Two
UPVC double glazed window to side. Radiator.
Full Landing
Exposed wooden floorboards. High level window flooding light. Door to attic/bedroom five, fire doors to bedrooms three and four.
Shower Room
Oversized shower cubicle with electric 'Mira' shower. Chrome heated towel radiator.
Bedroom Three
UPVC double glazed window to front. Exposed wooden floorboards. Victorian cast iron fireplace and surround. Radiator. Picture rail.
Bedroom Four
UPVC double glazed window to rear. Exposed wooden floorboards. Cast iron fireplace and surround. Radiator. Picture rail.
From Landing...
Panel door up turning staircase to fire door and...
Attic Room/Bedroom Five
Please see Agents' Note. Beamed apex ceiling and Velux double glazed windows to front and rear. Radiator. Study recess. Access to eaves.
Agents Note
The property is currently a five bedroom student let, providing an income of £39,000 a year, being sold as a going concern, let until summer 2026. Prospective buyers looking to use the property as a family home will be able to do so at the end of the 2026 academic year.
Access to the attic/bedroom 5 has been deemed acceptable by the HMO authorities for the past 18 years. It is unsure that this room is building regulation compliant and so Roark Consultants have been instructed to ensure that bedroom 5 is regularised.
Front Garden
Number 10 is located at the brow of Albany Road, set back from the wide road and pavement by a little wall enclosed garden, with gate and path to the front door.
Rear Garden
A particularly good and appealing area this, facing South and West, level and enclosed, with a slate capped old wall and gate leading onto the rear Lane. Paved with shrub borders and a Victorian brick pathway. Outside tap.
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