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 flat · TR10 9DB
For saleReduced £21k (−9.5%) on 27 OctListed 250 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two double bedroom first floor apartment is situated within the wonderful and secluded Walled Garden development on the outskirts of Penryn.
The property is in excellent condition and has spacious accommodation.
The Walled Garden is a very well-maintained development, situated just off Kernick Road, very conveniently located for local amenities. This first-floor apartment has a lovely open feel.
There is a very spacious lounge with patio doors onto a Juliet balcony, a feature gas fire and a dining area.
At one end of the lounge there is a fully fitted kitchen which has a built-in electric oven and hob with extractor hood, spaces for a washing machine and dishwasher and a built-in fridge-freezer.
There is also a useful large storage cupboard. There are two double bedrooms located off the lounge and there is a fully fitted bathroom, with mains shower over bath located off the entrance hall.
FEATURES: First Floor Apartment Double Glazing Gas Central Heating Feature Gas Fire Pretty Communal Gardens Allocated Parking Space Presented in Very Good Condition EPC C Council Tax Band B Lease Term 999 Years From 1 January 2003 (976 years remaining) Service Charge - Approximately £1600 Per Year, Paid Six Monthly Storage Cupboard Outside Flat Which Houses Boiler The property is currently tenanted on an AST managed by Martin & Co, generating an income of £1000 pcm.
Broadband : Ultrafast Broadband Available Mobile Phone Coverage: O2 / EE / Three / Vodafone - Please contact individual providers for further information.
Source : checker.ofcom.org.uk LOCATION: The Walled Garden is a sought-after residential area on the outskirts of Penryn, within walking distance of the town centre, station and university campus.
The centre of this historic harbourside town hosts a variety of interesting independent shops, cafes and amenities along with numerous historic pubs nestled amongst its cobbled streets.
Penryn has an active community and good everyday facilities, including a primary and secondary school, plus Lidl, Sainsbury's and Asda supermarkets.
The town benefits from good communication links with Falmouth via its bus service and train station, which links Truro City and mainline London Paddington. PHOTOS TAKEN PRIOR TO CURRENT TENANCY
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 The Walled Garden
Explore nearby