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See how verdicts work3-bedroom house · TR3 7JR
For saleReduced £40k (−8%) on 27 OctListed 382 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stunning Grade II listed luxurious three-storey home in a landmark historic conversion comprising three double bedrooms, two bathrooms and two large open plan living spaces.
Ideal second or main home retaining a multitude of original character features, two allocated parking spaces and no onward chain.
Why You'll Like It - This is a luxurious Grade II listed three-storey home in an iconic landmark conversion, originally dating back to circa 1791 yet skilfully converted circa 2012 into a unique community of individual dwellings betwixt Falmouth and Truro.
There is underfloor heating through out, along with many original character features which have been highlighted or modernised tastefully including exposed deep stone walls, oak lintels and high ceilings.
The property is modern and luxurious and crafted to an exacting standard with high attention to detail.
The ground floor comprises entrance hall with cloakroom, a storage cupboard, stairs to first floor and door into open plan living space.
This living space enjoys large ceiling to floor windows to the front elevation which maximises light and it adjoins the bespoke kitchen, which has integrated appliances and a breakfast table.
The living area is ideally arranged for formal dining and a snug. The first floor comprises the master bedroom to the rear and a three piece family bathroom.
There is a storage cupboard and door to the open plan living space.
This living space boasts a cosy sitting area, along with a superb enclosed balcony and large ceiling to floor windows to the front elevation which enjoys a pleasant outlook.
Stairs from the landing rise to the top floor which has two double bedrooms at either end, with a central shower room servicing them.
Both bedrooms have vaulted high ceilings and generous eaves storage. Outside there are two allocated private parking spaces to the rear of the property along with visitors parking.
Where It Is - Perran Foundry is in the heart of Perranarworthal, which is between Truro and Falmouth. The Norway Inn just along the road has a highly regarded restaurant and local ales.
Neighbouring Perranwell Station has many amenities including a Post Office, shop, pub, cricket and football clubs, church, primary school and the branch line train station linking Truro and Falmouth.
Keen sailors can launch at Mylor where there are public slipways, a marina, chandlery, riggers and a popular café and wine bar.
Walks at Kennal Vale in nearby Ponsanooth are delightful and Falmouth University's Penryn Campus is only a short bus ride away.
Services And Tenure - The property is leasehold with the balance of a 999 year lease from 2012. The freehold is owned by North Hill Estates.
Annual ground rent = 1 copper rivet We understand that there is a current service / maintenance charge, £TBC, which is reviewed annually We understand that the property is Grade II* Listed.
Council tax band E Important Information - Clive Pearce Property, their clients and any joint agents give notice that: 1.
They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise.
They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements of fact.
2 It should not be assumed that the property has all necessary planning, building regulation or other consents and Clive Pearce Property have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise. 3. Photos and Videos: The photographs and/or videos show only certain parts of the property as they appeared at the time they were taken.
Areas, measurements and distances given are approximate only. Any computer generated image gives only an indication as to how the property may look and this may change at any time.
Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained.
A buyer must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.
Information on the website about a property is liable to be changed at any time.
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
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FAQ
About Perran Foundry, Perranarworthal, Truro
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