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Merrick Avenue, Truro

South West

£225,000

Listed on 17/07/2026

Property details

Bedrooms
3
Type
End Of Terrace
Area
880 sqft

Description

This three-bedroom end-of-terrace house is located in a well-established residential area on the eastern side of Truro. Having been in the same family for over three decades, the property is now being made available as part of an estate closure and comes with vacant possession and no onward chain. Although the home has been maintained over the years, it presents an excellent opportunity for refurbishment to modernize its interiors and improve functionality. Built in the 1970s, this neo-Georgian style house features a mellow brick façade and a charming bay window enhancing its appeal. The layout includes a welcoming entrance hall, a sitting/dining room with French doors leading to the rear garden, and a kitchen on the ground floor. The upper level hosts three bedrooms, two of which are spacious doubles with fitted wardrobes, alongside a bathroom. The outdoor space comprises an established front garden along with a rear patio area and sloping garden that has become somewhat overgrown but possesses potential for revitalization. As an end unit of the terrace situated at the end of a cul-de-sac, there is ample on-road parking available, complemented by access to nearby single garage facilities. Positioned conveniently close to amenities such as Park & Ride services, Waitrose supermarket, and local schools including Archbishop Benson primary school, this property also benefits from Truro’s vibrant high street featuring both independent shops and national brands, diverse dining options, and cultural attractions like the Hall for Cornwall.

Investment analysis

(TR1 area)

Below Market Value

This property is priced -21.3% below area average per sq ft

-21.3%
Potential saving
This Property
£256/sq ft
Area Average
£325/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£314,455
10% above area average per sq ft
Potential ROI
+25.8%
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 -4.2% over the last 12 months
3 year growth: -5.4%
5 year growth: +4.0%
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

Merrick Avenue, Truro
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,750 over 30 years at 4.45% 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.

Stamp duty calculator

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