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See how verdicts work2-bedroom house · TR1 1QR
Listing removedReduced £5k (−2%) on 24 JulListed 207 days
Opportunity summary
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About
2 bedroom home set within a large plot, with potential to significantly extend the house, the vendors previously had planning permission for A 2 bedroom detached house sought after & convenient area, across from the award-winning boscawen park renowned for its manicured gardens.
Just a short walk to the city centre and the beautiful malpas village, with a regular bus service, great area for any age.
The property offers modern kitchen & bathroom, 2 double bedrooms, elevated river views, lounge with wood burner, huge front & rear gardens, potential for parking.
No onward chain – planning ref PA22/08288 location: The property is just off Malpas Road, the picturesque riverside road linking the cathedral city of Truro to the Creekside village of Malpas and is just minutes from the city centre!
The property is minutes from the river, Boscawen park which has won many awards in the Britain in Bloom competition for its beautifully manicured gardens, the cricket club and tennis courts with Boscawen woods close by.
Malpas Village is within walking distance which benefits from the popular Heron Inn public house which overlooks the river, a new village hall and a slipway.
You are a short walk from Truro City centre the retail and commercial centre of Cornwall, with the famous Cathedral lying at its heart and steeped in history and features many wonderful Georgian terraced streets.
The city centre offers all the handy amenities, retail shops, cinema, theatre, restaurants, and bars.
Truro offers great transport links to get around the county with the benefit of a good rail link to London and beyond.
Property: You enter into the entrance hallway with door leading to the living room with large window to front aspect taking in the elevated views. Wood burner with surround.
Wall mounted electric radiator.
The kitchen breakfast room is a good size, with space for a kitchen table, the kitchen is fitted with a range of base and wall units with worktops over, inset sink with tap over, Integrated slim line dishwasher, washing machine.
Window to rear aspect. Large under stairs 'pantry'. Wall mounted electric radiator. There is a side hallway and outbuilding with W.C to the rear, access to the garden.
The first floor has two double bedrooms and the bathroom, which is fitted with white three piece suite comprising bath with electric shower over, WC and wash hand basin. Opaque window to rear aspect.
Wall mounted electric towel rail.
Potential building plot/extension: The plot offers potential to significantly extend the property and the owners previously had planning in place for a detached house within the garden and the formation of a parking area to serve the existing and the new dwelling.
Lapsed planning details can be found under planning reference. PA22/08288.
Externally: The gardens extend to the rear, side and to the front and are mature with a range of shrubs and plants as well as areas of lawn.
Part of the planning permission is to create a parking area although currently there is ample off-road parking available.
Tenure: Freehold heating & glazing: Electric heating & UPVC double glazing. Services: Mains water, drainage & electricity. EPC Rating: E
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 3 Polruan Road, Truro
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