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Apartment 8, The Clockhouse, Lemon Quay, Truro, Cornwall TR1 2LW - Image 1
Apartment 8, The Clockhouse, Lemon Quay, Truro, Cornwall TR1 2LW - Image 2
Apartment 8, The Clockhouse, Lemon Quay, Truro, Cornwall TR1 2LW - Image 3
Apartment 8, The Clockhouse, Lemon Quay, Truro, Cornwall TR1 2LW - Image 4
Apartment 8, The Clockhouse, Lemon Quay, Truro, Cornwall TR1 2LW - Image 5
Apartment 8, The Clockhouse, Lemon Quay, Truro, Cornwall TR1 2LW - Image 6
Apartment 8, The Clockhouse, Lemon Quay, Truro, Cornwall TR1 2LW - Image 7
Apartment 8, The Clockhouse, Lemon Quay, Truro, Cornwall TR1 2LW - Image 8
Apartment 8, The Clockhouse, Lemon Quay, Truro, Cornwall TR1 2LW - Image 9

Apartment 8, The Clockhouse, Lemon Quay, Truro, Cornwall TR1 2LW

South West

£78,000Guide Price

Listed on 23/07/2026

Property details

Bedrooms
2
Type
Flat
Area
560 sqft

Description

This two-bedroom duplex apartment, located in the heart of Truro, presents a promising opportunity for refurbishment and investment. Situated over two levels, the property features an open-plan living area which merges with the kitchen and dining space, making it ideal for modern living. Both bedrooms are generously sized, with the principal bedroom benefitting from an en-suite bathroom. A separate bathroom adds convenience for residents and guests alike. While the apartment currently requires a full renovation to realize its potential, it boasts double glazing and electric heating systems. It is being sold with vacant possession, allowing for immediate renovation work upon purchase. Local letting agents estimate a rental income of approximately £950 per month, offering an attractive yield potential of around 14% based on the guide price. This property will be offered at auction on 17th August 2026, giving buyers a chance to acquire an asset that could significantly increase in value post-refurbishment.

Investment analysis

(TR1 area)

Below Market Value

This property is priced -57.1% below area average per sq ft

-57.1%
Potential saving
This Property
£139/sq ft
Area Average
£325/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£200,108
10% above area average per sq ft
Potential ROI
+69.6%
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

Apartment 8, The Clockhouse, Lemon Quay, Truro, Cornwall TR1 2LW
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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
£295
Based on a loan of £58,500 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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