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Malabar Road, Truro, TR1

South West

£250,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
828 sqft

Description

This semi-detached house, constructed in the 1950s, presents an excellent opportunity for renovation and investment. Located on the western side of Truro, the property is conveniently situated close to essential amenities such as schools, Treliske Hospital, and retail options, all while being just a mile from the city center. Internally, the home features a welcoming entrance hall that leads to a spacious lounge and an open-plan kitchen/dining area. With three bedrooms—two generous doubles and a modest single—this layout offers ample living space. The family bathroom is functional, but there is potential for modernization throughout the property. Current amenities include gas central heating and double glazing, which provide a solid foundation for any updates. The outdoor space is particularly noteworthy; set on a large plot, it boasts extensive front and rear gardens that offer multiple areas for relaxation and enjoyment of sunlight throughout the day. The garden also features a raised vegetable patch and fruit trees—a true gardener's delight. Given the size of the plot, there is significant potential to extend the living space (subject to necessary permissions), mirroring renovations made by neighboring properties. There is unrestricted parking available on the road in front, with possibilities for incorporating a driveway into the front garden if desired. The surrounding location adds considerable value to this property. Malabar Road places residents within easy reach of essential services such as grocery stores, eateries like The County Arms, and recreational facilities including Truro Golf Club. Families will benefit from access to well-rated local schools at both primary and secondary levels. The A30 is only about 10 minutes away by car, making travel convenient whether heading into town or venturing further afield. Truro itself serves as Cornwall's vibrant capital—a city rich with culture and community activities year-round. Residents can enjoy a variety of dining options, shopping experiences ranging from high street brands to independent boutiques, and lively events like the annual Food Festival and Christmas markets. Additionally, nature enthusiasts will appreciate nearby countryside walks and green spaces such as Coosebean Greenway. Overall, this residence not only provides ample living space now but also holds significant potential for those looking to invest in property improvements or expansion in a desirable location close to urban conveniences and natural beauty.

Investment Analysis

(TR1 area)

Below Market Value

This property is priced -5.9% below area average per sq ft

-5.9%
Potential saving
This Property
£302/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £25,000
Target Value
£292,230
10% above area average per sq ft
Potential ROI
+6.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Malabar Road, Truro, TR1
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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
£916
Based on a loan of £187,500 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