3-bedroom bungalow · TR10 8QS
Sold STCListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A detached dormer bungalow benefiting from an elevated position with fantastic views of the Penryn River.
With a carport, garage, a tiered rear garden and a large conservatory extension, the property is now in need of updating and offers lots of potential for the incoming purchaser.
Situated in a cul-de-sac off Green Lane, this light-filled, three-bedroom property is close to the town centre and ideally located for local schools and other amenities.
On the ground floor, the property benefits from a particularly spacious lounge and principal bedroom, both with wide picture windows providing fantastic views of the Penryn River.
There is also a kitchen-diner leading through to a large conservatory extension at the rear which provides additional space to relax whilst enjoying the garden.
The main shower room with separate WC is on the ground floor, whilst on the first floor, there are two further double bedrooms, both with extensive under-eaves storage areas as well as one bedroom having an ensuite WC.
The elevated views of the Penryn River from the first floor are quite spectacular.
Externally, the property is set back from the road by a front garden, with a driveway, carport and garage to one side.
To the rear, there is a patio, with steps leading up to two further garden tiers, with some lovely established shrubs and trees.
At the top level there is there is a greenhouse and potting shed offering plenty of scope for keen gardeners.
Freehold Electric Storage Heaters Electric Immersion for Hot Water UPVC Double-Glazed Windows Garage (with power) Carport Front and Rear Gardens Mains Electricity, Water and Drainage EPC - E Broadband : Ultrafast Broadband available at this postcode.
Mobile Phone Coverage: O2 / EE / Three / Vodafone - Please contact individual providers for further information. Source: Ofcom.org.uk LOCATION Parc an Challow is a cul-de-sac, situated off Green Lane.
Within a 1 mile radius you'll find plenty of amenities, including a choice of supermarkets, schools, delightful cafes, sports clubs, yoga studios and independent boutiques.
Penryn Primary School is just 0.2 miles / around a 5 minute walk away and Penryn College is just 0.3 miles / around a 7 minute walk away!
Bus and rail links are also easily at your disposal with Penryn Railway Station just 0.3 miles away.
Penryn is an active university town, with an historic harbour and town centre hosting a variety of interesting independent shops, cafes, yoga studios and other amenities along with numerous quaint pubs nestled amongst its cobbled streets.
The town is well-served by three supermarkets (Lidl, Sainsbury's and Asda) and benefits from good communication links with Falmouth via its bus service and train station, which links to Truro City and the mainline to London Paddington.
It's an excellent location for exploring South Cornwall and for making the most of the local beaches and countryside.
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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