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Falmouth Road, Truro, Cornwall - Image 1
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Falmouth Road, Truro, Cornwall

South West

£540,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
2496 sqft

Description

This charming three-bedroom Grade II Listed Georgian townhouse presents a significant opportunity for renovation and investment in one of Truro's most sought-after streets. While the property requires modernisation, it boasts spacious accommodations and retains many original period features, including impressive 10-foot high ceilings and tall sash windows that invite natural light throughout the living spaces. Located just a short stroll from the heart of Truro city centre, this residence benefits from proximity to local amenities, shops, and dining options, enhancing its appeal for both homeowners and renters alike. The east-facing walled rear garden provides a tranquil outdoor space that could be beautifully transformed with some landscaping efforts. Additionally, the property includes a substantial double garage measuring 23’3” x 19’7”, offering valuable parking or potential for conversion into extra living space or a workshop. With no onward chain, this townhouse represents a blank canvas for buyers looking to invest in a historic property with considerable potential.

Investment Analysis

(TR1 area)

Below Market Value

This property is priced -32.6% below area average per sq ft

-32.6%
Potential saving
This Property
£216/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£880,926
10% above area average per sq ft
Potential ROI
+42.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (TR1)

Area prices are falling by +3.5% over the last 12 months
3 year growth: 3.6%
5 year growth: 15.1%
Investment Disclaimer: Analysis based on TR1 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

Falmouth Road, Truro, Cornwall
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,978
Based on a loan of £405,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE