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Richards Crescent, Truro, Cornwall, TR1

South West

£240,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
980 sqft

Description

This end-of-terrace, two-bedroom property, originally constructed as a local authority home, presents a solid opportunity for those looking to invest or create their ideal living space. The property includes a driveway with sufficient space for three to four vehicles and features a detached garage that is equipped with light and power supply. While the home requires some modernization, its generous layout and available amenities provide a strong foundation for prospective buyers. The entrance hall welcomes you into a spacious lounge area, complete with patio doors that open onto the rear garden. This invites ample natural light and offers potential for an inviting outdoor space. The kitchen is also sizable, featuring abundant storage options, preparation areas, and even a breakfast bar, making it well-suited for family gatherings. A utility room enhances functionality with additional storage and space for laundry appliances. On the upper level, you'll find two double bedrooms—both of which offer flexibility in design. Many properties within this locale have successfully converted one of the bedrooms into two separate rooms, potentially allowing for three-bedroom accommodation in the future. Completing this floor is a shower room that serves both bedrooms efficiently. The property benefits from gas central heating and is predominantly double-glazed, ensuring comfort during colder months. Outside, the front yard features lawned areas bordered by fencing while the rear garden offers an enclosed space perfect for children's play or relaxation under the sun. Strategically located near Treliske Hospital and Truro College, this property is ideally placed within easy reach of Truro city center. As Cornwall’s retail and commercial hub, Truro offers a rich array of independent shops alongside well-known brands, art galleries, dining options, nightlife spots, and cultural attractions such as the Hall for Cornwall and the Royal Cornwall Museum. With convenient transport links including Truro train station providing access to London Paddington and Newquay Airport just 19 miles away, this location holds significant appeal for both homeowners and tenants alike. Given its renovation potential and attractive location within Truro’s vibrant community, early interest is anticipated in this property.

Investment Analysis

(TR1 area)

Below Market Value

This property is priced -23.7% below area average per sq ft

-23.7%
Potential saving
This Property
£245/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £25,000
Target Value
£345,876
10% above area average per sq ft
Potential ROI
+30.5%
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

Richards Crescent, 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
£879
Based on a loan of £180,000 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.

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