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Falmouth Road, Truro, Cornwall TR1 - Image 1
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Falmouth Road, Truro, Cornwall TR1

South West

£600,000
Listed on 04/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
2496 sqft

Description

This charming three-bedroom Grade II Listed Georgian townhouse presents a unique opportunity for renovation and investment in one of Truro's most sought-after locations. Nestled within a short walking distance to the vibrant city center, this residence boasts spacious living areas that reflect its historical significance, highlighted by impressive 10-foot high ceilings and large sash windows that invite plenty of natural light. The property retains many original features that can be enhanced through thoughtful modernization, making it an ideal canvas for those looking to create a personalized living space or capitalize on its investment potential. The east-facing walled garden adds further appeal, offering a serene outdoor retreat in an urban setting. Additionally, the inclusion of a generous double garage provides practical storage solutions or the possibility for conversion into additional living space. As it currently stands, this townhouse is being sold with no onward chain, allowing for a seamless transition for prospective buyers ready to embark on a renovation project in a prime location. With the right vision and updates, this elegant property can truly shine while providing substantial returns in a growing market.

Investment Analysis

(TR1 area)

Below Market Value

This property is priced -27.4% below area average per sq ft

-27.4%
Potential saving
This Property
£240/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£289
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£60,000 - £150,000
10-25% of property value
Target Value
£909,617
10% above area average per sq ft
Potential ROI
+21.3%
After renovation
Monthly Sales
15
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (TR1)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 6.4%
5 year growth: 20.5%
Investment Disclaimer: Analysis based on TR1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Falmouth Road, Truro, Cornwall TR1
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