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See how verdicts work3-bedroom terraced house · TR3 7JR
Listing removedReduced £15k (−2.9%) on 20 JunListed 418 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This exceptional Grade ii-listed three-bedroom house forms part of Perran Foundry, a former steelworks in Perranarworthal, Cornwall.
Inside, exposed original stonework is a market of the building’s storied past, while 2,500 sq ft of space extends over three storeys, culminating in a voluminous principal bedroom on the top floor.
The house has a private interior courtyard, and a ground-floor veranda provides space for sitting out.
Truro train station is a 15-minute drive away, and runs services to London Paddington in approximately four and a half hours.
The Tour A smart clay-tiled roof, wide windows with vertical glazed bars, and taupe-coloured weatherboarding form the façade of this striking building.
A short flight of steps ascends to the veranda and the front door, which opens to reveal a voluminous open-plan reception room, kitchen, and library.
Cornish slate tiling runs underfoot, and the space is illuminated by full-height glazing on three sides, including an additional sliding door at the front of the house.
The dining area features pendant lighting by Cornish lighting designer Tom Raffield.
The recently updated kitchen has been finished to an exceptionally high standard, with a pretty herringbone-style tiled splashback, a large island with quartz worktops, and cabinetry washed in soothing neutral tones.
A large butler sink has black fittings, and there is ample room for storage and appliances.
To the rear of the kitchen, a library is fitted with cabinetry washed in midnight blue; the perfect spot for curling up with a favourite book.
A sliding door provides access to the inner courtyard, which can also be accessed via the kitchen. A light-filled living room is found on the first floor, occupying the front of the plan.
Large tilt-and-turn windows open onto a Juliet balcony, and there is wood flooring underfoot. A reading nook tucked in the corner provides a quiet retreat.
There are two bright double bedrooms on this floor. One has a Juliet balcony, while the other has a double-height ceiling with exposed timber roof trusses.
Its pitched roof is punctuated by skylights, and a sliding door opens onto a balcony with stepped access down to the courtyard. A shared bathroom with bathtub is also found on this floor.
The principal bedroom extends across the second floor. Its pitched roof is supported by timber beams and trusses, while a series of recessed skylights fill the space with light.
It has fitted storage, and an en suite bathroom with bathtub.
Outdoor Space A private interior courtyard to the rear of the house can be accessed from the kitchen, and the library, and has stairs ascending to the first floor.
At the front of the house, a paved veranda provides opportunities for sitting out. There is parking for two cars on the site.
The Area Perranworthal is a tranquil village nestled between Truro and Falmouth.
The nearby village of Perranwell Station is a 20-minute walk away and has a range of useful amenities, including a community shop selling locally sourced provisions, a primary school, a village hall and a pub, The Royal Oak.
Other local favourites include The Olive Grove Bistro and The Pandora Inn, a thatched waterside pub serving fresh, locally caught seafood.
Cornwall’s south coast, facing the English Channel, is the fairer counterpart to its rugged, Atlantic-bashed northern side.
This is the Cornwall of sheltered fishing villages, fields that gently slope into tidal creeks and verdant gardens filled with exotic plants that take to the warm summers.
The King Harry ferry, linking Feock to the Roseland Peninsula, St Mawes, and the Fal River & Estuary are easily reached.
This area of Cornwall also has some of the UK’s best sub-tropical gardens, including the National Trust Trelissick Gardens, approximately six miles away, or Trebah and Durgan, located close to the Helford River.
The cathedral city of Truro is approximately 15 minutes by car. It has a small high street with a good selection of independent shops and cafes, a cinema, galleries, museums and a theatre.
Further down the coast is the harbour town of Falmouth, which, along with its excellent university, has a great selection of restaurants as well as yacht clubs and marinas, sandy beaches and the landmark National Maritime Museum.
There are a number of good schooling options in the area, including Perran-Ar-Worthal Community Primary, Truro School Preparatory, and Polwhele House School.
Truro rail station offers mainline rail links to London Paddington in approximately four and a half hours.
The A30 dual carriageway just north of Truro gives fast access to the M5 motorway at Exeter, while Cornwall Airport (Newquay) also provides regular shuttle flights to London Gatwick, Stansted and many other seasonal European destinations.
Tenure: Leasehold / Lease Length: Approx. 986 years remaining / Service Charge: Approx. £1,700 per annum / Ground Rent: £0 / Council Tax Band: 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.
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About 3, The Casting House, Perran Foundry, Perranarworthal
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