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See how verdicts work2-bedroom bungalow · TR10 8QU
For saleListed 16 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
THE PROPERTY Situated in a desirable location on Penlea Road in Penryn, this three-bedroom semi-detached bungalow offers well-proportioned accommodation, a generous driveway and a private rear garden.
Approached via a gravel and grass driveway, the property benefits from ample off-road parking for two, potentially three vehicles, while being pleasantly set back from the road.
Entering through a UPVC front door into a useful porch, providing convenient storage space.
From here, you enter a well-proportioned sitting room featuring an open fireplace, creating a welcoming focal point.
To the rear of the sitting room is the kitchen, which would benefit from modernisation and has a side door providing access to the rear garden. A hallway leads to three bedrooms.
Two are well-proportioned double bedrooms, both enjoying large windows overlooking the rear garden. The third bedroom offers flexibility, with space for twin beds or potentially a double bed.
Completing the accommodation is the family bathroom, fitted with a bath and electric shower over.
Outside, the established and private rear garden provides a pleasant outdoor space, with a gravelled area and useful garden shed.
With its convenient location, generous parking and adaptable accommodation, this bungalow offers an excellent opportunity for those looking to modernise and make a property their own.
THE LOCATION Penlea Road is a favoured spot, located in residential Penryn and offering ultimate convenience for the station and schools whilst being only a short walk from town.
Penryn is a historic and ancient market town with an active community and excellent everyday facilities including a 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 witnessed in the regeneration and development of Penryn’s inner Harbour area providing riverside accommodation and extensive and exciting dining options.
Penryn Campus is occupied by both Falmouth and Exeter Universities sharing buildings, facilities and services as part of the combined universities in Cornwall project; this recent transition into a University town is creating a real ‘buzz' for the area.
Falmouth town (approximately 2 miles) provides comprehensive shopping, schooling, business and leisure facilities.
EPC Rating: F AGENTS NOTE Please note that the property is of steel-frame construction. There has been an endoscopy test carried out which has come back clear.
Our understanding is that this is suitable for mortgage lending by most high street lenders.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Penlea Road, Penryn, TR10
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