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Threemilestone, Truro, Cornwall TR3

South West

£800,000
Listed on 09/08/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1778 sqft

Description

This distinctive five-bedroom residence, offered for sale for the first time in 45 years, presents a unique opportunity for renovation and investment. Characterized by its striking stone façade, this non-listed detached property features an interconnecting ground floor annexe, providing flexibility for various uses. The home encompasses more than 1,700 square feet of living space that reflects elements from the 1820s, showcasing ample potential for modernization while preserving its historical charm. Nestled within extensive gardens and meadowland extending over 0.7 acres, the property also includes a variety of outbuildings that could support further development or serve as useful ancillary spaces. With its location offering excellent transport links, residents will find themselves conveniently situated near a golf course, hospitals, secondary schools, and colleges. This prime setting enhances the property's appeal not only as a family home but also as a potential investment opportunity. The house and adjacent land all hold significant development prospects, subject to obtaining the necessary planning consents.

Investment Analysis

(TR3 area)

Above Market Value

This property is priced +15.7% above area average per sq ft

+15.7%
This Property
£450/sq ft
Area Average
£389/sq ft

Renovation Potential

Est. Renovation Cost
£80,000 - £200,000
10-25% of property value
Target Value
£760,513
10% above area average per sq ft
Potential ROI
-23.9%
After renovation
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TR3)

Area prices are falling by +12.6% over the last 12 months
3 year growth: -15.9%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on TR3 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

Threemilestone, Truro, Cornwall TR3
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