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Penryn

South West

£265,000
Listed on 29/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
697 sqft

Description

This semi-detached bungalow presents a promising opportunity for renovation and investment in a desirable elevated area just off Green Lane, where it boasts attractive views across the valley and surrounding countryside. With three bedrooms, the property is primed for modernization, allowing new owners to transform the space to suit their preferences. While it currently features gas central heating (not tested) and double-glazed windows and doors where indicated, further updates would significantly enhance its appeal and functionality. The layout includes a long reception hall that connects to various living spaces: a living/dining room with expansive windows offering southern exposure, creating a light-filled atmosphere; a kitchen/breakfast room with dual aspects providing ample natural light; and three comfortably sized bedrooms—all of which enjoy pleasant outlooks. A wet room features modern adaptations, though further enhancements could be made. Externally, the property includes an extended driveway leading to a single garage, with additional parking space available. The south-facing garden captures sunlight throughout the day and presents opportunities for landscaping or outdoor projects, including a paved patio area alongside a grassy section. Situated within walking distance of essential local amenities, public transport links—including the Penryn branch line connecting Falmouth to Truro—and educational institutions such as Penryn Sports College and Tremough campus, this location is ideal for both residential living and rental investment. Given the potential this property holds for customization and improvement, it would be particularly appealing for buyers seeking a project that can yield long-term value. Early viewings are advisable to appreciate firsthand the possibilities this bungalow offers.

Investment Analysis

(TR10 area)

Above Market Value

This property is priced +9.0% above area average per sq ft

+9.0%
This Property
£380/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£492
Avg Yield
7.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£267,310
10% above area average per sq ft
Potential ROI
-15.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (TR10)

Area prices are stable by +0.7% over the last 12 months
3 year growth: -0.8%
5 year growth: 16.6%
Investment Disclaimer: Analysis based on TR10 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

Penryn
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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
£971
Based on a loan of £198,750 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