2-bedroom house · TR1 3GH
Sold STCListed 144 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Shared ownership Two bedroom terraced house available to purchase from a 50% share from £135,000 with a minimum 5% mortgage deposit of £6750. Call today to arrange your appointment to view.
This immaculately presented two-bedroom terraced home on the popular Penwethers Crescent offers stylish and comfortable living, ideal for first-time buyers.
The property has been beautifully maintained throughout and is ready to move straight into.
To the ground floor, there is a well-appointed kitchen with ample storage and worktop space, a convenient downstairs WC, and a spacious living room providing a bright and welcoming area for both relaxing and entertaining.
From the living room, doors open directly onto the rear garden, creating a seamless connection between indoor and outdoor living.
Upstairs, the property benefits from two generous double bedrooms, both offering plenty of natural light, along with a modern family bathroom finished to a high standard.
Externally, the enclosed rear garden is a real asset, featuring a useful shed and an access gate at the rear, allowing convenient passage back around to the front of the property.
To the front, there is the added advantage of off-street parking.
Location Penwethers Crescent is a sought-after residential area on the outskirts of Truro, offering excellent access to the city centre, which is just a short drive or pleasant walk away.
Truro provides a wide range of amenities, including shops, restaurants, cafes, and the renowned cathedral.
The property is also well positioned for transport links, including Truro railway station, and offers easy access to the A30.
Nearby are a selection of local schools, green spaces, and countryside walks, making this an ideal location for a variety of buyers seeking both convenience and lifestyle.
Full Market Value: £270,000 50% Share Price: £135,000 Rent on un-owned share: £284.49 pcm Service Charge: £11.17 pcm Building Insurance: £14.97 pcm Reserve Payment £1.08 pcm there is A local area restriction as to who can buy this property, please contact us to discuss.
You may purchase a higher share should you qualify to. *The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment.
With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase.
The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.
Penwethers Crescent is a sought-after residential area on the outskirts of Truro, offering excellent access to the city centre, which is just a short drive or pleasant walk away.
Truro provides a wide range of amenities, including shops, restaurants, cafes, and the renowned cathedral.
The property is also well positioned for transport links, including Truro railway station, and offers easy access to the A30.
Nearby are a selection of local schools, green spaces, and countryside walks, making this an ideal location for a variety of buyers seeking both convenience and lifestyle.
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.
Area
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FAQ
About 79, Penwethers Crescent, Cornwall
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