We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · TR10 8BP
Listing removedReduced £15k (−4.6%) on 20 JunListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property Located just a stone’s throw from the heart of Penryn, this well-proportioned two-bedroom bungalow offers flexible living with exciting potential.
The accommodation includes a modern kitchen, a cosy living room with log burner, two generous double bedrooms, a bathroom, and a utility room that could be converted into a third bedroom.
The accommodation also offers huge potential to update and remodel should a buyer wish.
Outside, the property boasts an unusually large parking area for 6–8 vehicles - a true rarity in Penryn - along with a sunny, south-facing rear garden.
Offered with no onward chain, this home is ideal for buyers seeking convenience, space, and future potential.
The location Truro Lane is located in the heart of Penryn town; ideally situated for access to all local amenities including bespoke shops, local stores, pharmacy, galleries, bars, delicatessen and much more.
The university campus at Tremough is located just a 10–15-minute walk away with an out of town supermarket just a couple of miles away.
Penryn is one of Cornwall’ s oldest towns, having received its first charter in 1236; a town full of surprises and surrounded by beautiful countryside.
The building of Glasney College in 1265 put the town on the map then the arrival of Falmouth and Exeter University has turned Penryn into a buzzing and vibrant area.
The town enjoys good communication with Falmouth via its regular bus service and its train station, which links to Truro city and mainline Paddington.
Falmouth town (approximately 2 miles) provides comprehensive shopping, schooling, business and leisure facilities.
EPC Rating: D Accommodation In Detail (all measurements are approximate) Entering through a part obscured double glazed uPVC front door into the ....... Hallway Loft access. Thermostat.
Wood effect laminate flooring. Wooden doors to living room, bedrooms, bathroom and..... Kitchen UPVC double glazed window to front.
Modern, cream eye and base level units with laminate worktop and one and half bowl stainless steel sink with chrome mixer tap below.
Built in fridge/freezer, double electric oven, hob and extractor above. Laminate splashback. Radiator. Wood effect laminate flooring.
Living Room Large uPVC double glazed window to front and uPVC double glazed window to the side. Log burner with red brick surround and slate hearth. Radiator. Wood effect laminate flooring.
Opaque glazed wooden door to the......... Utility Room Half uPVC double glazed door to rear and two uPVC double glazed windows to rear and side.
Wooden base level cabinets with laminate worktop with stainless steel sink and chrome mixer tap. Tiled splashback. Space for white goods. Radiator. Fusebox. Wood effect laminate flooring.
Bedroom One UPVC double glazed window to rear. Large wardrobe. Radiator. Bedroom Two UPVC double glazed window to side. Large wardrobe. Radiator. BT socket.
Bathroom Opaque double glazed uPVC window to rear. Three piece suit comprising W/C, hand wash basin with chrome taps, cupboard below and tiled splashback.
Electric shower with glass screen and panelled surround. Radiator. Cupboard containing the Grant oil fired boiler with hot water tank. Wood panelled ceiling. Wood effect laminate flooring.
Agents Note This is being sold with no onward chain as a probate sale. We understand that probate has now been applied for with a local solicitor.
Garden Rear garden Concrete area with wooden garden shed and steps leading to a southerly facing lawn area with wooden trellis surround. Stone walls with further steps leading to gravel area.
Wooden fence surrounding. Oil tank. Outdoor lighting.
Parking - Driveway Private driveway, tarmac at the bottom opening up to a large gravel area with ample parking for 6-8 cars bordered by a wooden fence.
Access to the rear garden to both sides of the property through wooden gates.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 47 Truro Lane, Penryn
Explore nearby