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See how verdicts work2-bedroom flat · TR1 3TA
For saleReduced £15k (−4.8%) on 24 AugListed 326 days
Opportunity summary
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About
Tenure: Leasehold A very spacious, apartment within the former beautiful stone faced, former Rectory, enjoying superb, elevated views over countryside & the city, located within the sought after area of Kenwyn, just a few minutes from the city centre & amenities.
The apartment would be ideal for those wishing to have an easy style of living close to the city centre's facilities. It should be noted that each resident owns a share of the freehold.
The property is well maintained, boasts 2 double bedrooms, 2 bath/shower rooms, inc. 21ft en-suite master bedroom and beautiful 20 ft reception room. A viewing is strongly recommended - No Chain.
Property: The Rectory offers a unique opportunity to purchase a first-floor apartment located in one of Truro's finest and most distinguished buildings.
Its position enables easy access on foot to the city centre and many of the amenities of this fine city.
St Mary's Rectory was originally constructed in 1893 and is a magnificent building with granite elevations and sandstone detailing to the arches and quoins.
A delightful home with high ceilings offering, well maintained with incredible space.
You enter the property via a magnificent stone archway and door through to the vestibule with shallow staircase up to the first floor where you will find the apartment.
You enter into the apartment into the hallway which has a handy storage cupboard, doors leading off to the living areas and bedrooms.
The kitchen offers a range of base and eye level wall units, granite effect worktop over, with sink and drainer inset, integrated dishwasher and fridge/freezer, space for washing machine, inset oven & hob with extractor over & combination boiler.
The lounge/dining room is a dual aspect room, light and airy with inset Gas fire in a wooden surround and mantle piece, including wonderful elevated countryside views.
The master bedroom, is a large, dual aspect room with door through to and en-suite shower room. You have a further second double bedroom and to complete the apartment the large bathroom.
The bathroom has a panelled bath with shower over, pedestal wash hand basin, W.C and heated towel rail.
Externally: From Cyril Road the entrance to The Rectory opens onto a large communal parking area with an allocated space for this apartment together with specified visitors' parking spaces.
There is also a communal garden for all residents to enjoy.
Location: The property is a short walk into the centre of the cathedral city of Truro, you literally walk down the hill and you are in the city centre, it’s an ideal location for a variety of buyers given the location.
Truro is now recognised as the business and administrative centre of the county, offering a vast range of day-to-day amenities, doctors, dentist, Hospital, restaurants & bars and leisure facilities to suit all, whether your interests are visiting a museum or an art gallery, seeing a show in the Hall for Cornwall, dining out in the wide range of eateries and bars, or taking the family to the Plaza cinema.
For a more active lifestyle, Truro offers a golf course, a tennis club, bowling green, cricket, football and rugby grounds and a leisure centre.
The North and south coast are just a short drive away with sandy beaches and rugged coastline, on the North coast and the South coast with its many coves and harbour and calm waters.
A mainline rail service to London/Paddington and daily flights from Cornwall Airport (Newquay) to London as well as other domestic and international destinations.
Services Mains water, electricity, sewage, and gas. Heating & glazing: UPVC double glazing & Gas central heating.
Tenure: Leasehold – 999 years from 18th December 1988 The owners own the freehold and have a management company to service charge - £200 per calendar month which includes buildings insurance, window cleaning, cleaning and maintenance of common parts and communal gardens, maintenance of building, management fees.
Reviewed annually in January. EPC Rating: C
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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About Apt 3, The Rectory Cyril Road, Truro
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