2-bedroom flat · TR10 9WT
Listing removedReduced £35k (−18.9%) on 25 JunListed 451 days
Opportunity summary
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About
This ground floor two bedroom apartment is just one of three in the building and benefits from a lovely outlook overlooking a park with a south facing balcony off the lounge.
The apartment is light and bright throughout with two double bedrooms, one with fitted wardrobes and the other with a handy workstation ideal for those working from home.
There is a communal garden to the rear of the building and an allocated parking space to the front.
Trelowen Drive was built by Bovis Homes and is a development comprising largely detached house, semi-detached houses and a small development of apartments.
There is a communal play park for residents and a footpath directly from the estate will take you into the nearby College and Argal reservoirs with beautiful walks to enjoy.
The Asda supermarket is within half a mile as is access onto the A39 which provides excellent links to Falmouth and Truro and beyond.
Penryn has a range of mainly independent shops, pubs, a doctors surgery and a highly respected secondary school whilst there are several local primary schools.
Accommodation Comprises Communal entrance door with security entry system. Apartment door opens to:- Entrance Hall A spacious hallway with entry phone system. Storage cupboard.
Doors off to:- Kitchen/Lounge/Diner (19' 8'' x 14' 8'' (5.99m x 4.47m)) A range of wall and floor mounted cupboards with worktop over incorporating a sink and drainer with tiled splashback.
Integrated oven and hob and extractor hood above. Space for fridge/freezer. Integrated washer/dryer. Laminate flooring.
The lounge area has two radiators with doors opening to a:- Balcony (13' 10'' x 4' 7'' (4.21m x 1.40m)) The balcony is south facing and enclosed with privacy glass screening and overlooks the communal gardens.
Bedroom One (12' 7'' x 10' 1'' (3.83m x 3.07m) maximum measurements plus door recess) A triple aspect room with built-in wardrobes to one wall. Radiator.
Bedroom Two (10' 1'' x 7' 2'' (3.07m x 2.18m) plus door recess, irregular shape) Double glazed window overlooking the garden. Radiator.
A useful large cupboard that opens with folding doors to reveal a work station with desk and an inner cupboard with gas boiler. Display shelving.
Bathroom Bath with shower over with tiled surround, pedestal wash hand basin with shelf and mirror above and concealed cistern WC. Double glazed obscured window. Tiled flooring.
Extractor fan and heated towel rail. Leasehold Information Remainder of a 999 year lease expiring in 3012.
The current service/maintenance charge of £135.00 per month to include cleaning of the communal area, upkeep of the gardens, buildings insurance and maintenance to the building.
The ground rent is £300.00 per year. Services Mains water, mains drainage, mains electric, mains gas. Agent's Note The Council Tax band for the property is band 'B'.
Directions Follow A39 to roundabout beside Asda- follow road into the side of the Asda car park and continue towards the rear of Asda with the supermarket on your left hand side.
Follow the road up and as you come in to the development the apartment is the first block on the left hand side. If using What3words:-remark.create.chimp
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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FAQ
About 27, Trelowen Drive, Penryn
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