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Castle Street, Truro, TR1

South West

£120,000
Listed on 30/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
703 sqft

Description

Nestled in the vibrant city center of Truro, this two-bedroom residence offers a remarkable chance for renovation-minded investors and developers. The property is in need of comprehensive modernization, providing a clean slate for those looking to enhance its value. Spread across two storeys, it currently includes a living room, kitchen, bathroom, and two bedrooms—each awaiting your creative touch. While the property maintains some charming characteristics from its past, it holds abundant potential to become either a comfortable first home or a lucrative rental opportunity. The surrounding area shows strong demand for both sales and rentals due to its proximity to shops, restaurants, and transport links. Furthermore, the garden space presents additional prospects for improvement and landscaping to elevate outdoor appeal. This central location ensures that any future enhancements will resonate well with potential buyers or tenants alike.

Investment Analysis

(TR1 area)

Below Market Value

This property is priced -47.7% below area average per sq ft

-47.7%
Potential saving
This Property
£171/sq ft
Area Average
£326/sq ft
Avg Rent (weekly)
£286
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£252,289
10% above area average per sq ft
Potential ROI
+48.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR1)

Area prices are falling by -3.4% over the last 12 months
3 year growth: -5.3%
5 year growth: +6.7%
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

Castle Street, Truro, TR1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£428
Based on a loan of £90,000 over 30 years at 3.97% 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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