Worst House on the Street Logo
Richmond Place, Truro, Cornwall, TR1 - Image 1
Richmond Place, Truro, Cornwall, TR1 - Image 2
Richmond Place, Truro, Cornwall, TR1 - Image 3
Richmond Place, Truro, Cornwall, TR1 - Image 4
Richmond Place, Truro, Cornwall, TR1 - Image 5
Richmond Place, Truro, Cornwall, TR1 - Image 6
Richmond Place, Truro, Cornwall, TR1 - Image 7
Richmond Place, Truro, Cornwall, TR1 - Image 8
Richmond Place, Truro, Cornwall, TR1 - Image 9
Richmond Place, Truro, Cornwall, TR1 - Image 10
Richmond Place, Truro, Cornwall, TR1 - Image 11

Richmond Place, Truro, Cornwall, TR1

South West

£150,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
882 sqft

Description

This three-bedroom end-terrace house in central Truro offers a significant refurbishment opportunity for the discerning buyer. Nestled on Richmond Place, a desirable residential street, the property boasts well-sized accommodations across two levels with ample potential for a comprehensive update and reconfiguration to align with modern living standards. The ground floor layout includes a living room, dining area, and kitchen, while the upper level hosts the bedrooms and family bathroom. The extensive renovation required presents an excellent chance to personalize the space according to individual taste and requirements.<br><br>Outside, the home benefits from its end-terrace position with convenient access to local amenities including shops, schools, and transport links—all within walking distance. Richmond Place’s proximity to Truro city centre enhances its appeal, allowing easy access to cultural venues and leisure facilities that define this vibrant urban location. This is a promising investment for those looking to create a bespoke residence in one of Cornwall's most sought-after areas.

Investment Analysis

(TR1 area)

Below Market Value

This property is priced -47.0% below area average per sq ft

-47.0%
Potential saving
This Property
£170/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£70,000 - £100,000
Target Value
£311,289
10% above area average per sq ft
Potential ROI
+24.5%
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

Richmond Place, Truro, Cornwall, TR1
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 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.

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