2-bedroom bungalow · TR10 8JD
Sold STCListed 34 days
Opportunity summary
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About
The bungalow needs of some cosmetic refreshment and updating but is has a vast amount of potential for new owners to create a home that reflects their own taste and requirements.
The accommodation in sequence includes an entrance hallway, a good size lounge/dining room, two double bedrooms, a family bathroom, and a kitchen/utility area.
Outside the property there is ample driveway parking with a single garage, enclosed front and rear gardens.
The property is within walking distance to the Penryn branch line with connects Penryn to Falmouth and the cathedral city of Truro, the university campus at Tremough, Penryn sports college and junior school and a longer stroll down into Penryn's town centre.
THE ACCOMMODATION COMPRISES: A long pathway with grassed area and privacy bushes leading to a UPVC double glazed door into: ENTRANCE PORCH - 1.45m x 1.52m (4'9" x 5'0") With hard parquet flooring, wood doors with gold handles leads to: LOUNGE - 4.93m x 2.79m (16'2" x 9'2") A spacious, bright room overlooking the front enclosed garden, central fitted pendant light, electric radiator, a large UPVC double glazed window and a feature fireplace with gas fire, carpet and a wood door with chrome handles leading to: INNER HALLWAY Access to an attic space with is mostly boarded, central pendant light and carpet.
BEDROOM ONE - 3.23m x 3.63m (10'7" x 11'11") UPVC double glazed window overlooking the rear enclosed garden, central pendant light, carpet and an electric wall heater.
BEDROOM TWO - 2.82m x 2.77m (9'3" x 9'1") UPVC double glazed window overlooking the enclosed rear garden, central pendant light, carpet and an electric wall heater, has the benefit of far reaching views over Penryn river.
BATHROOM - 1.65m x 1.96m (5'5" x 6'5") UPVC frosted double glazed window with hard tile flooring, fully tiled surround white suite comprising of a bath with Triton electric shower over, white sink with hot and cold taps, low level wc and a dimplex extractor fan, vanity mirror and a wood door.
KITCHEN - 1.91m x 2.72m (6'3" x 8'11") Plus 1.78m (5'10") x 1.32m (4'4") Additional pantry area with enclosed storage cupboard.
Of an obscure shape with UPVC double glazed window with sea views overlooking Penryn river, lino flooring, central strip light, a range of wall and base units with tiled splash backs, space for a gas cooker, space for under counter fridge, a step down leads to: INNER PORCH UPVC double glazed window overlooking the front aspect, UPVC double glazed door leads to the rear enclosed garden and another step down leads to: UTILITY AREA - 2.44m x 2.69m (8'0" x 8'10") With an outside tap, central light, wall mounted units for additional storage, plumbing for a washing machine, UPVC double glazed window, double glazed door onto the enclosed rear garden.
GARDEN A pathway to grass area and privacy hedges a pathway leads down to a larger grassed area with hedges and wall surround with the benefit of additional a shed for storage.
(One being removed) COUNCIL TAX Band B. SERVICES Mains water, drainage, electric and mains gas. AGENTS NOTE The property has cavity wall insulation.
MONEY LAUNDERING Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
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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