0 bed Block of flats (for sale) Falmouth Road, Truro TR1

£1,300,000
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Lewis Haughton Wills
81 Lemon Street, Truro
01872 395971
First Published

24th Jun 2021

Last Published

17th Oct 2021

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Exciting opportunity to purchase the entire Freehold of this wonderful property called Headland House which dates back to the early 1920's. Commanding a prominent elevated city centre location at the 'Head' of Truro this property originally occupied a mature plot totalling approximately an acre which over the years was divided up to allow 3 further individual detached properties to be built. Headland House still retains very pleasant gardens, ample parking with two separate access driveways, one off Falmouth Road and the other main sweeping drive entering just off Green Lane.

Since purchased in 2004 the property has seen an extensive scheme of renovations, re-modelling and extending in places now providing a tasteful conversion into a number of maisonettes plus a freehold end terrace house. Each maisonette was issued with a 999 year lease, use of all communal gardens and allocated parking. Originally there was 8 Separate units of which two have been sold in the last 5 years. Currently there are 5 individual units that are being let by the current owners which in this market is achieving a gross yield circa £40,000 p.a. There is also a wonderful, spacious 3 bedroom pent-house apartment with balcony that the current owners live in which would let for £1350 pcm. If this was incorporated alongside the other 5 units for letting purposes, a gross yield circa £55,000 would be achieved.


Location


The city of Truro is the retail and commercial centre of Cornwall, with the famous Cathedral lying at its heart. The city offers a unique mix of independent shops and multiples as well as an excellent collection of art galleries, bars, restaurants, night clubs, cinema, The Hall for Cornwall and the Royal Cornwall Museum. The city is steeped in history and features many wonderful Georgian terraced streets which are rivalled only in the west by Bath. There are also a number of fine municipal gardens including Boscawen Park and Victoria Gardens, which have in the past won many awards in the Britain In Bloom competition. The city also lies at the centre of the Cornish transport network and has a mainline station to London Paddington.


Apartment one

kilele


This is a three double bedroomed apartment.


Apartment four

kumekucha


A two double bedroomed apartment.


Apartment five

manyatta


A two double bedroomed apartment


Apartment six

safari


A two double bedroomed apartment.


Apartment seven

pendana


A large studio apartment.


Apartment eight

sitawi


A spacious purpose built one bedroomed maisonette.


Agents notes

services


The following services are available at the property, however we are not able to verify connection; tbc

Tenure is Freehold.

Due to the nature of the sale: These particulars are only a general outline for the guidance of intending purchasers and do not constitute in whole or in part an offer or a Contract and all information and services have not been confirmed/approved by the current vendor. Reasonable endeavours have been made to ensure that the information given in these particulars is materially correct, but any intending purchaser should satisfy themselves by inspection, searches, enquiries, and survey as to the correctness of each statement. All statements in these particulars are made without responsibility on the part of lhw or the vendor. No statement in these particulars is to be relied upon as a statement or representation of fact. Nothing in these particulars shall be deemed to be a statement that the property is in good repair or condition or otherwise nor that any services or facilities are in good working order. Photographs may show only certain parts and aspects of the property at the time when the photographs were taken and you should rely on actual inspection. No assumption should be made in respect of parts of the property not shown in photographs. Any areas, measurements or distances are only approximate. Any reference to alterations or use is not intended to be a statement that any necessary planning, building regulation, listed building or any other consent has been obtained.

 

Local info for TR1

 

Property Value Data/Graphs for TR1

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 45.5% £199,888 1.7 1.1
Terraced house 16.5% £296,000 2.8 1.5
Semi-detached house 9.1% £262,273 3 0.9
Other 7.4% £293,050 2.7 1.4
End terrace house 5% £278,333 2.5 0.8
Bungalow 5% £323,333 2.5 1
Detached house 5% £1,058,333 4.8 2.3
Semi-detached bungalow 2.5% £325,000 3 1
Land 1.7% £1,475,000 0 0
Detached bungalow 0.8% £475,000 3 1
Block of flats 0.8% £1,300,000 0 0
Terraced bungalow 0.8% £225,000 2 0

Area Information

Average Price Paid

£286,607

Sales

2779

Current Average Value

£316,705

Value Change

£30,098 10.5%

 

Current Asking Prices in TR1 Average: £316,705

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £176,238 (4) £221,750 (20) £308,654 (26) £463,929 (7) £916,667 (3)
Flats £150,243 (20) £216,182 (33) £427,500 (2) - -
All £154,575 (24) £218,283 (53) £317,143 (28) £463,929 (7) £916,667 (3)

Nearby Properties

5 bed Detached house () St. Mawes, Truro TR2 £3,250,000
0 bed Land () Hamilton Close, Truro TR1 £2,500,000
0 bed Farm () Carclew, Nr Truro TR3 £2,500,000
4 bed Terraced house () Lower Castle Road, St. Mawes, Truro TR2 £2,000,000
4 bed Detached house () The Show Home, Spinnaker Drive, St Mawes TR2 £2,000,000
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