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See how verdicts work3-bedroom terraced house · TR10 8FD
Listing removedListed 65 days
Opportunity summary
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About
The property Discretely tucked off Penryn’s High street, along an historic opeway, this modern, award winning development of just 8 homes is revealed.
Tonkins Ope is in a quiet and secluded courtyard setting, away from traffic and pedestrians and where it is difficult to imagine how close you are to the town centre and shops.
Number 4 is attractive and cleverly designed with three bedrooms and bathroom upstairs and flited kitchen, cloakroom/WC and living/dining room downstairs.
Lovely that the living space nudges through French doors out into a walled, south facing level garden, with its own, high gated access.
There is a pleasant outlook from two bedrooms, over Penryn town rooftops, to glimpses of water in the distance. A gas boiler fuels radiator central heating and hot water supply.
This really is something out of the ordinary and being sold with no onward chain. The garden South facing. Partially high, old stone walled, level and of a good usable size.
Well orientated to enjoy summer sunshine for much of the day. Pedestrian gate to outside communal walkway.
The access The development sits between Helston Road on the High Street where an arched gateway gives access on to an opeway leading a few paces away to the development.
This gate has an entry phone door release to Number 4. Likewise, a short pathway from Tonkins Ope leads to a gate with security lock, onto Saracen Close.
The location Tonkins Ope is set between Penryn’s High Street (Helston Road), and Saracen Close at the rear.
It’s an incredibly convenient spot where shops are a few paces away, yet there is a peace and quiet in this old walled setting, that uplifts.
Penryn is an historic and ancient market town with an active community and good everyday facilities including nursery, primary and secondary schools.
The town enjoys good communication with Falmouth via its bus service and train station, which links to Truro City and mainline Paddington.
Penryn is enjoying something of a renaissance with the sighting of the University of Cornwall at Tremough and also of the regeneration and development of Penryn's inner Harbour and Harbour Village.
Falmouth town (approximately 2 miles) provides comprehensive shopping, schooling, business and leisure facilities.
EPC Rating: C Tenure The property is freehold with one eighth share of the common Freehold and associated costs including pathways, planted areas, light and secure access.
The current charge for this is £45 per calendar month.
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
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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 4 Tonkins Ope The Terrace, Penryn
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