Worst House on the Street Logo
Penpol, Devoran, Truro, Cornwall - Image 1
Penpol, Devoran, Truro, Cornwall - Image 2
Penpol, Devoran, Truro, Cornwall - Image 3
Penpol, Devoran, Truro, Cornwall - Image 4
Penpol, Devoran, Truro, Cornwall - Image 5
Penpol, Devoran, Truro, Cornwall - Image 6
Penpol, Devoran, Truro, Cornwall - Image 7
Penpol, Devoran, Truro, Cornwall - Image 8
Penpol, Devoran, Truro, Cornwall - Image 9
Penpol, Devoran, Truro, Cornwall - Image 10
Penpol, Devoran, Truro, Cornwall - Image 11

Penpol, Devoran, Truro, Cornwall

South West

£799,000
Listed on 07/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2293 sqft

Description

Nestled in a desirable waterside village, this property occupies one of the largest plots available in the area, offering expansive gardens and captivating views of Restronguet Creek to the southeast. Originally constructed in the 1930s and extended in the 1970s, the home features a blend of character and ample living space, although it is now in need of renovation, allowing for customization to suit individual tastes. The property boasts a sweeping driveway that meanders through lush front gardens, leading to generous parking and a double garage at the rear. Upon entering, you are welcomed into a central hall that connects to various living areas. To one side lies a spacious dining room with large bay windows framing picturesque views over the creek. The adjacent kitchen is equipped with a selection of base and wall cabinets, an induction hob, built-in oven, and a window above the sink providing natural light. The heart of the home features an expansive sitting room measuring 27 by 12 feet, showcasing picture windows that overlook the front garden. A study is discreetly positioned behind this main living area. From here, stairs lead up to a converted loft space comprising two additional bedrooms. The ground floor contains a master bedroom as well as two further double bedrooms and multiple bathrooms, including a shower room and family bathroom conveniently located near the study. A very large utility room at the rear enhances practicality. With over 2,200 square feet of potential living space spread across nearly half an acre of land, this property presents significant opportunities for renovation or reconfiguration into a modern residence or even multiple homes (subject to planning approval). The gently sloping garden could lend itself to creative designs for reverse-living layouts with easy access from first-floor living spaces directly to outdoor areas. For buyers or developers with vision, this unique property represents an exceptional investment opportunity within one of Cornwall's most picturesque waterside villages. Situated along the shores of Restronguet Creek in an Area of Outstanding Natural Beauty, Penpol is lauded for its stunning natural scenery where wooded areas meet tranquil waters. The bustling Cathedral city of Truro is just five miles north while Falmouth lies nine miles southward along scenic routes. The River Fal offers excellent sailing opportunities as well as exploration possibilities via small creeks nearby; both Penpol boatyard and Mylor Yacht Harbour are only short distances away. This home is equipped with oil-fired central heating, mains water supply, and private drainage facilities. It holds an F rating for council tax while passing tests confirming

Investment Analysis

(TR3 area)

Below Market Value

This property is priced -10.5% below area average per sq ft

-10.5%
Potential saving
This Property
£348/sq ft
Area Average
£389/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£982,184
10% above area average per sq ft
Potential ROI
+9.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TR3)

Area prices are falling by +3.2% over the last 12 months
3 year growth: -14.5%
5 year growth: 22.0%
Investment Disclaimer: Analysis based on TR3 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

Penpol, Devoran, Truro, Cornwall
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,927
Based on a loan of £599,250 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE