Wellington Terrace,Falmouth,TR11 3BN

A good opportunity to own this established, five bedroom, registered HMO letting investment property which is set in a popular and elevated location at Wellington Terrace, within walking distance to the town centre. There are educational facilities at Falmouth University (Woodlane Campus) and the Marine School at Killigrew Street and good local transport routes to the surrounding area.

The property has been successfully let to professionals for the past five years and is being sold with all rooms let and currently under a full management arrangement with a local bespoke letting company, Cornwall Living Property. The house has been refurbished to a high standard and has features including gas fire central heating by radiators, UVPC double glazed windows, a refitted kitchen in high gloss white, two remodelled bathrooms and available as a turnkey transaction to continue this successful business. As you would expect, there is a full fire alarm and certification,  a registered HMO licence lasting until 2028 gas safe and electrical certificates.

The accommodation on the ground floor includes an entrance porch, reception hall, a double bedroom, a communal lounge with doors to a conservatory, rear porch and a fitted kitchen/dining room with appliances. The first floor provides three bedrooms, a shower room/wc and a second separate wc. A door on the landing leads to the sun deck at the rear and finally a turning staircase takes you to the top floor where you will find the largest of the bedrooms which has canopy ceilings and an en-suite shower room. There is a small courtyard area at the rear and one parking space which is approached via a service lane behind the house.

The house currently produces an annual rental income of £38,160 nett. (total monthly income £3,300)