2-bedroom flat · TR1 3FE
For saleListed 122 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented first-floor apartment offers comfortable accommodation in a convenient location.
The property features a carpeted lounge/diner with dual aspect windows which provide an abundance of natural light and a modern kitchen which comes equipped with an electric oven, gas hob, dishwasher and has plumbing for a washing machine and space for a fridge/freezer.
There are two bedrooms, one double room with a double wardrobe and one single room making it an ideal property for a couple with a young family.
The family bathroom has a matching white suite comprising of a bath with an electric shower over, a toilet and wash basin. There is also a built-in cupboard which is ideal for towels and bedding etc.
For those seeking additional storage, there is a single garage with an 'up and over' door. Additional parking is available with a residential parking permit.
The home falls within Council Tax Band B, making it an appealing option for a range of households. The flat is offered on a leasehold basis and has an EPC rating of C.
Utilities to the property include mains gas, electricity, water and sewerage.
Standard and Ultrafast broadband speeds are available in this area and a good mobile signal is likely outdoors but may be variable indoors depending on which network you are with.
Local area Situated on the outskirts of Truro, the property provides access to a variety of amenities and transport links in a vibrant city setting.
Truro is renowned for its historic architecture, varied shopping options, and cultural attractions.
The location allows for convenient access to educational institutions, healthcare providers, and recreational spaces, while the wider Cornwall area provides opportunities for coastal exploration and countryside pursuits.
EPC rating: B.
Tenure: Leasehold, Leasehold Information 125year lease starting from 1st January 2008 106 years remaining Lease end date 1st January 2133 Lease for garage is separate - no extra payment required.
Annual Service Charge £1,203.08 (includes building insurance) Service Charge Review Date 1/1/2027 Ground Rent £250 Ground Rent Review Date 1/1/2028 Management Company Belmont Management Service (South West) Ltd.
Hallway Carpeted, built-in cupboard with hanging rail, security entry phone, radiator and pendant light.
Lounge/Diner 4.65m x 3.93m (15'3" x 12'11") Carpeted, dual aspect double glazed windows, pendant light and radiator.
Kitchen 2.95m x 2.69m (9'8" x 8'10") Vinyl flooring, base units and wall mounted cabinets, integrated AEG electric oven, gas hob, dishwasher, rear aspect double glazed window, surface mounted light.
Bedroom 1 3.7m x 3.35m (12'2" x 11'0") Carpeted, front aspect double glazed window, wardrobes, radiator and pendant light.
Bedroom 2 2.71m x 2.63m (8'11" x 8'8") Carpeted, rear aspect double glazed window and pendant light.
Bathroom Vinyl flooring, bath with electric shower over, toilet, wash basin, rear aspect double glazed window, cupboard, extractor fan, radiator and surface mounted light.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
FAQ
About Wheal Sperries Way, Truro, TR1
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