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Fore Street, Chacewater, Truro

South West

£300,000
Listed on 27/12/2025

Property Details

Bedrooms
N/A
Type
Terraced house

Description

This property presents a unique opportunity for transformation, having received planning permission for conversion into three two-bedroom apartments and a masonic lodge. Set in the vibrant heart of Chacewater, it boasts proximity to essential local amenities, making it an appealing project for investors or developers. The former Britannia Inn, with its Grade II Listed status, requires refurbishment but benefits from significant preparatory work already completed. The interior has been largely stripped back by previous tenants, laying the groundwork for a fresh design vision. Additionally, the adjoining Boscawen Lodge offers further potential for residential development. With historically significant architecture dating back to the mid-nineteenth century and ample space across its approximately 3000 square feet, this building includes high-ceilinged reception areas and various rooms suitable for adaptation into living spaces. The shared external amenity area provides scope for enhancing outdoor living opportunities. With mains utilities ready to go and a clear path laid out by local planning permissions, both structures offer an exceptional canvas ripe for renovation in this sought-after village, known for its strong community spirit and accessibility to Truro.

Investment Analysis

(TR4 area)
Area Average
£351/sq ft
Avg Rent (weekly)
£262
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (TR4)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -8.0%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on TR4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Fore Street, Chacewater, Truro
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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