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Penryn

South West

£375,000
Listed on 13/08/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1022 sqft

Description

This detached dormer bungalow presents a significant investment opportunity for those looking to customize and modernize a property in a desirable location. While the home could benefit from some renovations, it features spacious rooms with excellent proportions, allowing for creative design possibilities tailored to individual tastes. Situated close to the town of Penryn, this property offers convenient access to local amenities, including shops, restaurants, and essential services such as a doctor's surgery. The proximity to Penryn College and Falmouth University enhances its appeal for families and students alike. Transportation links are readily available, with easy access to bus services and the nearby train station providing connections to Falmouth and Truro. The interior layout includes a large sitting room that serves as a welcoming focal point for gatherings, alongside a kitchen/breakfast room that boasts dual aspect windows highlighting views of the landscaped gardens. Three double bedrooms provide ample space for family or guests, while the family bathroom is equipped with essential amenities. Outside, the property features attractive landscaped gardens that are both private and well-maintained. A variety of mature shrubs adorn the space, complemented by a greenhouse and shed—ideal for gardening enthusiasts or those seeking additional storage options. The south-facing aspect makes this garden an inviting outdoor retreat throughout the year. A detached single garage adds practical value to the property, offering secure parking or additional storage potential. As part of an established neighborhood on the favored St Gluvias side of Penryn, this residence holds great promise for both immediate living enjoyment and long-term investment potential through renovation and customization. Early viewing is recommended to appreciate all that this property has to offer.

Investment Analysis

(TR10 area)

Above Market Value

This property is priced +5.7% above area average per sq ft

+5.7%
This Property
£367/sq ft
Area Average
£347/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£37,500 - £93,750
10-25% of property value
Target Value
£390,378
10% above area average per sq ft
Potential ROI
-16.7%
After renovation
Monthly Sales
8
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (TR10)

Area prices are falling by +8.3% over the last 12 months
3 year growth: -1.7%
5 year growth: 10.5%
Investment Disclaimer: Analysis based on TR10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Penryn
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