2-bedroom house · TR4 9FF
Listing removedListed 217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented two double bedroom section 106 affordable home. This property is offered at 70% of the open market value and has A neat enclosed rear garden and parking for two cars.
Welcome to Number 38 Wheal Albert Road, a rare opportunity to purchase an immaculately presented two bedroom semi-detached house.
This property is a section 106 affordablehome offered at 70% of the open market value.
Goonhavern offers a good range of day to day amenities including a well regarded Primary School, Public House, General Store and Garden Centre.
From Goonhavern, the nearest beach is at Perranporth approximately two miles away and is renowned for its three mile stretch of golden sand, you will also find many inland and coastal walks for all abilities.
Holywell Bay which is a real hidden gem is also within close proximity and the stunning vast expanse of golden sand at Crantock is also within easy reach.
This village lies approximately five miles south east of the vibrant town of Newquay which offers a wide and varied range of shops, cafes and bars, not to mention some of the most stunning beaches and coastline on the north Cornish coast.
The Cathedral City of Truro is around eight miles away and offers a more comprehensive range of facilities.
This well presented home offers bright and spacious accommodation, thoughtfully arranged for comfortable modern living.
Upon entering, you're welcomed by a practical entrance hallway with ample space for coats and shoes, along with stairs leading to the first floor.
On the ground floor, the generously sized lounge is filled with natural light from a front-facing window.
To the rear, the kitchen is well-equipped with a wide range of units, with space for a fridge freezer and a washing machine.
From the kitchen, there is access to the rear garden and a useful ground-floor WC. Upstairs, you'll find two spacious double bedrooms.
The main bedroom is particularly generous and includes a built-in cupboard housing the water tank. The second bedroom overlooks the rear garden.
Completing the first floor is the well presented bathroom with a bath and shower over.
The property is heated via electric panel heaters Externally, the front of the home offers allocated parking for two vehicles, while the rear garden is private and well presented with a lawned area and a patio, ideal for relaxing or entertaining.
At Wheal Albert Road, there is a freehold management charge of £215.00 per year. Eligibility: The buyer will need to have a local area connection to Perranzabuloe.
• Residency/permanent employment of 16 + hours per week for 3 + years Or • Former residency of 5 + years Or • Close family member (Mother/Father/Sister/Brother/Son/Daughter) where that family member has lived in the parish for 5 + years After 14 days of marketing we can consider those who have a local connection to the adjoining parishes of Cubert, St Newlyn East, St Allen, Kenwyn and St Agnes.
After 28 days of marketing we can consider those with a Local Connection to Cornwall (i.e.
All other parishes/towns outside of the primary and secondary areas) In addition the applicant will need to: Be in Housing Need – i.e.
Living with family/renting and otherwise unable to afford a home on the open market Have a maximum household income of £80,000 Have a minimum 10% deposit (or 5% with relevant aip) Have a recent aip from a s.106 lender (Nationwide/Halifax/Leeds/Santander/TSB/Skipton being the main ones we are aware of) Have viewed and offered on the property .
Hallway (1.93m x 1.02m (6'4 x 3'4)) Lounge (3.96m x 3.53m (13'0 x 11'7)) Kitchen Diner (4.06m x 3.25m (13'4 x 10'8)) Rear Hallway (1.60m x 1.32m (5'3 x 4'4)) Cloakroom (1.75m x 1.30m (5'9 x 4'3)) Bedroom 1 (4.67m x 3.73m (15'4 x 12'3)) Bedroom 2 (4.50m x 2.46m (14'9 x 8'1)) Bathroom (2.13m x 1.91m (7'0 x 6'3)) Property Listing Disclaimer In compliance with the Digital Markets, Competition & Consumers Act (dmcc): Mo Move Newquay has not tested fixtures, fittings, or services (including appliances/heating systems).
Serviceable condition cannot be verified. Please consult your conveyancing solicitor for professional verification of all systems.
All references to property tenure are based solely on vendor-provided information. Mo Move Newquay has not reviewed any freehold/leasehold information.
Please consult your appointed conveyancing solicitor to verify property title and tenure and to confirm leasehold/freehold status, parking arrangements/rights, covenants & easements.
Items shown in photographs are not included unless specifically mentioned in the sales particulars. All measurements are approximate and are to be used as a ‘guide only’.
Pets are not permitted on any viewings.
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.
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FAQ
About 38, Wheal Albert Road, Truro
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