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See how verdicts work4-bedroom house · TR3 7NY
No longer listedReduced £75k (−40.5%) on 17 AugListed 216 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fascinating and historic Grade II Listed period home that hides deceptively extensive accommodation, which requires general repair and refurbishment to bring it back to its former glory.
The Property A hugely interesting period home forming part of a terrace, thought by the current owner to have originally been built as one house, but over the decades has been as offices and a telephone exchange, before being divided into three individual homes, this being the largest.
So many original features remain, ranging from the part slate hung frontage and the heavy, pedimented entrance door, through to the ceiling covings, impressive fireplaces, and original doors and architraves.
There are two staircases to the first floor, with a further staircase rising to the 38ft long fourth bedroom in the attic.
Fronting directly onto the footpath in a southerly direction, the house looks towards the attractive homes of the former foundry, whilst to the immediate rear is an enclosed cobbled courtyard, off which is an intriguing old workshop, perhaps with potential as a future, subject to relevant planning approval.
Situated above the courtyard is a terraced lawn garden.
Property Information EPC: F Council Tax Band: D Services Mains electricity, mains water and oil fired central heating, (drainage to be confirmed).
None of these services have been tested and therefore no guarantees can be given. Interested parties are advised to make their own enquiries to the relevant service providers.
Wayleaves, Easements & Rights of Way The sale will be subject to and with the benefit of all wayleaves, easements and rights of way as may exist.
Particulars & Plan Whilst every care is taken in the preparation of these particulars, their accuracy is not guaranteed and they do not constitute any part of an offer or contract.
Any intending purchaser/s must satisfy themselves by inspection or otherwise as to the correctness of these particulars.
Location Perranarworthal is a highly regarded location straddling the A39 Truro to Falmouth Road at the head of the tidal Restronguet Creek.
It is an excellent location for quick and easy access to the shopping, schooling, health and leisure amenities of both Truro and Falmouth, each of which is just over 5 miles distant.
Closer to hand is the University of Exeter, Penryn Campus and just across the road from the house is a bus stop for the regular service that runs between the two towns.
Viewing & Directions Strictly by appointment with the sole selling agent Lodge & Thomas.
Tel: Email: Directions: Heading from Truro towards Falmouth on the A39, the property can be found on the right hand side, shortly after passing the Norway Inn and almost opposite the turning on the left to Mylor.
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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.
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About 2 Riverside, Truro
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