0 bed Block of flats (for sale) Falmouth Road, Truro TR1
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Lewis Haughton Estate Agents
61 Church Street
01326 567094
61 Church Street
01326 567094
First Published
24th Jun 2021
Last Published
21st Jan 2023
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) |
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