For Sale4 Bedroom Terraced House in Merrill Place, Falmouth£365,000

**INVESTMENT PROPERTY** Let until July 2025 as a 4 double bedroom student property, this terraced cottage, ideally situated for the Woodlane Campus of Falmouth University, was refurbished just a few years ago and produces a healthy yield. Merrill Place is a quiet street, located just off Albany Road, and is within easy access on foot to all the amenities of Falmouth town centre. This terraced cottage is currently let as a 4 double bedroom student property. On the ground floor there is a reception room to the front and, to the rear, a double bedroom. At the back of the house is a modern galley-kitchen with a door to the rear courtyard. Stairs lead to a second double bedroom accessed from the half landing, and on the first floor there are two further double bedrooms and a bathroom which was updated a year ago. Overall this is a well-proportioned home which is a successful student let. The rear courtyard can also be accessed via a little lane which runs at the back of Merrill Place. The property is currently let until 30th June 2024 to 4 students on an AST at £2000 per month, excluding bills. A new tenancy has been agreed for the next academic year, from 3rd July 2024 until 2nd July 2025 and the property will be let to 4 students on an AST at £2300 per month, excluding bills, which would be over a 7.6% gross yield. No Onward Chain Freehold Council Tax Band B EPC C Gas Central Heating Electric Shower in Bathroom 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