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See how verdicts work3-bedroom semi-detached house · TR10 9DE
Sold STCListed 212 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
THE PROPERTY This property has been valued on an open market basis at £360,000 and due to the 106 affordable housing scheme we are marketing the property at a reduced price that equates to 65.54% of the open market value.
Built in 2011 by Persimmon Homes Limited this three bedroomed semi-detached family home is modern, full of natural light, spacious and well-presented.
On the ground floor there is the main entrance and integral garage, on the first floor we have an “L” shaped sitting room to the front and a full width kitchen/dining room to the rear that opens out onto the rear garden.
On the second floor there are three bedrooms, main en suite and the family bathroom. There is off-road parking to the front and a rather nice garden at the rear that is secure with high walling.
THE LOCATION Round Ring Gardens is a highly regarded modern development, ideally positioned on the St Gluvias/Enys side of Penryn, an historic and ancient market town known for its strong sense of community and excellent everyday amenities.
The town offers a range of facilities including nursery, primary and secondary schooling, along with independent shops, cafés and essential services.
Penryn benefits from excellent communication links, with regular bus services and a train station providing connections to Falmouth and onward to Truro, where mainline services run to London Paddington.
Approximately two miles away, Falmouth provides comprehensive shopping, business and leisure facilities and was recently voted one of the best places to live in the South West.
The town is enjoying something of a renaissance, highlighted by the regeneration of its inner Harbour area, now offering attractive riverside homes and a growing selection of exciting dining options.
Penryn Campus, shared by Falmouth University and the University of Exeter as part of the Combined Universities in Cornwall project, has transformed the town into a vibrant University centre, creating a genuine ‘buzz’ and further enhancing its appeal.
Altogether, Round Ring Gardens offers the perfect balance of modern living within a thriving and well-connected Cornish community.
EPC Rating: C ACCOMMODATION IN DETAIL (ALL MEASUREMENTS ARE APPROXIMATE) ENTRANCE Door to garage. Radiator. Turning staircase leading up to...
FIRST FLOOR LANDING Doors to sitting room, kitchen/dining room and cloakroom/WC. Radiator. Staircase leading up to the second floor. SITTING ROOM 'L-shaped' with two windows facing the front.
This larger than expected room is light and bright and has a nice outlook. Wood flooring. Radiator.
KITCHEN/DINING ROOM Modern range of eye and base units with white door and drawer fronts complimented by dark worktops with inset stainless steel sink and drainer with mixer tap. Tiled splashback.
Built-in appliances include electric oven, gas hob with extractor over and dishwasher.
The dining end is to the other side of the room and is large enough to fit a six seater table and chairs plus there is a French door that opens out into the rear garden making this a lovely area to sit and eat during the summer months.
CLOAKROOM/WC White pedestal wash basin and low flush WC. Extractor fan. Radiator. SECOND FLOOR LANDING Doors to each bedroom and family bathroom. Airing cupboard with pressurised hot water system.
Obscure double glazed window to the side. Loft hatch. BEDROOM ONE Good-sized room with window facing the front. Built-in wardrobes and overhead storage. Radiator. Door to…..
EN SUITE SHOWER ROOM White suite comprising walk-in fully tiled shower cubicle with plumbed shower over, low flush WC and pedestal wash basin. Mirror and tiled splash back over.
Obscure double glazed window. Radiator. Extractor fan. BEDROOM TWO Window to rear overlooking the garden. Radiator. BEDROOM THREE Window to rear overlooking the garden. Radiator.
BATHROOM White suite comprising panelled bath with plumbed shower over and tiling to wet areas, low flush WC and pedestal wash basin. Tiled splash back. Fitted mirror. Shaver point. Extractor fan.
Radiator.
SECTION 106 106 AGREEMENT: Eligibility Preference given to those with a local connection to Penryn however we can also consider those with a Cornwall connection if no applicants with the town connection come forward after a period of 2 weeks from advertising: Please note that our nomination rights allow for an under occupancy clause to be used and so we would not immediately consider anyone who would be under occupying by more than 1 bedroom.
For example a 3 bedroom property would be prioritised for those with a 3 bed need and if you asked us to consider a couple/single applicant we would expect you to demonstrate that no 3 bed applicants had made an offer.
3 years + current residency OR 3 years + permanent employment 16 hours + per week OR Permanent residency for 10 out of the first 16 years of life OR Close family connection where that family member has lived for 5 + years (Mum/Dad/Son/Daughter/Brother/Sister) where there is independent evidence that the family member is in need of or can give Garden Pretty front garden with off-road parking and side steps and gateway which leads to a sunny and secure rear garden that is laid to lawn.
Parking - Garage Integral garage with roller vehicular access door. Utility area with stainless steel sink and drainer with cupboards beneath and roll top work surface.
Space and plumbing for washing machine. Deep under stair storage cupboard. Power and light. Electric consumer unit. Door into house.
Parking - Driveway Tarmacadam driveway with parking space leading to the garage,
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
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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.
Area
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FAQ
About Round Ring Gardens, Penryn, TR10
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