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Threemilestone, Truro, Cornwall

South West

£800,000
Listed on 07/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1778 sqft

Description

This property represents a rare opportunity as it comes to market for the first time in 45 years, boasting significant renovation and investment potential. The residence features five bedrooms, with a distinct interconnecting ground floor annexe that can be utilized for guests or as a separate living space. Spanning over 1,700 square feet, this impressive stone-fronted detached home dates back to the 1820s, showcasing period character while inviting modern upgrades to enhance its appeal. The extensive grounds encompass over 0.7 acres, complete with various outbuildings that could be adapted for multiple uses. Each element of the property holds promising development possibilities, pending necessary consents. Strategically located, this home benefits from excellent transport links and is in close proximity to local amenities including a golf course, hospitals, secondary schools, colleges, and the vibrant city of Truro. This combination of space and location makes it a compelling prospect for those looking to invest in a property with room for growth and personalization.

Investment Analysis

(TR3 area)

Above Market Value

This property is priced +15.5% above area average per sq ft

+15.5%
This Property
£450/sq ft
Area Average
£389/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£761,589
10% above area average per sq ft
Potential ROI
-17.2%
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

Threemilestone, 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
£2,931
Based on a loan of £600,000 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.

Next Steps

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