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Chellew Road, Truro, Cornwall, TR1 - Image 1
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Chellew Road, Truro, Cornwall, TR1

South West

£230,000
Listed on 18/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
919 sqft

Description

This three-bedroom terraced house presents an excellent opportunity for renovation and investment in the heart of Truro. While the property currently requires modernization, its solid structure and spacious layout offer a promising foundation for those looking to craft their dream home or capitalize on a worthwhile investment. The ground floor features a generous living room, providing an adaptable space suitable for both relaxation and family gatherings. The kitchen/diner is notably spacious, offering ample room for culinary activities and social gatherings. Adjacent to the kitchen is a utility room that can be utilized for additional storage or laundry, enhancing functionality. At the back, a private garden awaits your creative touch, perfect for outdoor entertaining or gardening pursuits. Upstairs, you'll find three well-proportioned bedrooms that cater to various needs—whether accommodating a growing family, creating a home office, or welcoming guests. The family bathroom is equipped with both a bath and separate shower alongside a W.C., designed with practicality in mind. This property also includes off-street parking and a garage, addressing the often-pressing need for parking in this sought-after area. Situated on Chellew Road, the location is advantageous due to its proximity to Truro's vibrant city center. Residents will enjoy easy access to an array of shops, restaurants, and essential services just moments away. The area boasts strong transport links with nearby bus routes and quick access to the A390, making commuting smooth and convenient. Additionally, Truro is home to renowned schools, making it particularly appealing for families. For those who appreciate nature, the Cornish countryside and beautiful coastlines are within easy reach, providing endless opportunities for outdoor exploration. In summary, this property not only offers immediate living potential but also invites visionaries willing to invest time into renovation, blending urban convenience with the charm of rural surroundings.

Investment Analysis

(TR1 area)

Below Market Value

This property is priced -22.0% below area average per sq ft

-22.0%
Potential saving
This Property
£250/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£324,347
10% above area average per sq ft
Potential ROI
+24.7%
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

Chellew Road, Truro, Cornwall, 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
£843
Based on a loan of £172,500 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