3-bedroom house · TR1 1NF
Opportunity summary
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About
A three bedroom end of terrace family home situated on the eastern side of the city in a mature residential area. In need of modernisation. Sold with vacant possession and no onward chain.
The Property This property has been in the same family ownership since 1988 and is now offered for sale to close an Estate and is sold with vacant possession and no onward chain.
Well maintained over the years the house could now benefit from a scheme of refurbishment and improvement throughout, but nevertheless offers a family home in a much sought after location.
Thought to have been built in the 1970s the house is in a neo-Georgian style with a mellow brick front façade and a bay window to the front reception room.
The accommodation comprises; entrance hall, sitting/dining room with French doors onto the rear garden and kitchen to the ground floor with three bedrooms (two of which are generous doubles complete with fitted wardrobes) and a bathroom to the first floor.
There is a pretty, established garden at the front sitting either side of a pedestrian path to the front door and at the rear is a small patio and a sloping garden which is now overgrown.
There is thought to be a pedestrian path at the top of the garden allowing access directly into the rear.
Forming the end of the terrace, the property is situated towards the end of the cul-de-sac where there is ample on road parking available and there is a single garage, which is situated in a block nearby.
Location The property is situated on the eastern side of Truro city, favoured for its proximity to the Park & Ride, Waitrose and to Archbishop Benson primary school.
Truro offers a varied high street with a number of independent retailers and national multiples as well as a range of eateries and the Hall for Cornwall as well as boasting a mainline railway link to London (Paddington).
Viewing & Directions Strictly by appointment with the sole selling agent Lodge & Thomas.
Tel: Email: Directions Proceeding along Tregolls Road leaving the city centre eastbound, turn left at the traffic light controlled crossroads into Trevithick Road.
Take the second right hand turning, into Upland Crescent, and then the first left hand turning into Merrick Avenue. Number 33 will be found towards the head of the cul de sac on the left hand side.
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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.
Area
Agent & docs
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FAQ
About 33, Merrick Avenue, Truro
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