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Guide Price £215,000



4 Bedroom Maisonette for sale in PENRYN

This two storey maisonette is set in the heart of Penryn town, presenting a lucrative letting investment opportunity with four rooms tenanted for the 2021/2022 academic year providing a gross annual income of £17,280 Light, bright and well equipped with a communal living/dining room and kitchen. Fit for purpose and thoroughly recommended.

Key Features:

  • Two storey maisonette
  • Excellent student let investment
  • Central Penryn location
  • 4 Letting rooms
  • Communal sitting/dining room/kitchen
  • Several spacious rooms, high ceilings
  • Lovely beamed attic bedroom
  • Parking space

THE PROPERTY This appealing maisonette has its own private entrance off the street, up stairs to two storeys of accommodation. Our vendors have owned and successfully run it for many years, as a lucrative four room student let with its communal living/dining room and kitchen. One lovely bedroom is 'upstairs' in the attic, 16' (4.88m) long and with a beamed ceiling, another large 16' x 10' (4.88m x 3.05m) room has a 9' (2.74m) ceiling height and a box bay window. A gas boiler fuels radiator central heating and hot water supply and valuably, there is a parking space for 40a, located to the rear.

THE LOCATION Lower Market Street lies in the very centre of Penryn town with 40a enjoying shops and facilities right on its doorstep.

Penryn is an historic and ancient market town with an active community and good everyday facilities including nursery, primary and secondary schools. The town enjoys good communication with Falmouth via its bus service and train station, which links to Truro city and mainline Paddington. Penryn is enjoying something of a renaissance being the home of the University of Cornwall which incorporates Dartington College and also of the regeneration and development of Penryn's inner Harbour and Harbour village. Penryn College is a huge asset to the town, with its excellent reputation and strong facilities. Falmouth town (approximately 2 miles) provides comprehensive shopping, schooling, business and leisure facilities.


Painted panelled door with glazed over pane to....

ENTRANCE Granite threshold, slate flagstone floor to panelled internal door upstairs to.....

LANDING With 9' (2.74m) ceiling height. Electric consumer unit. Stairs to attic bedroom. Painted panelled doors to three letting rooms, kitchen/living room, to bathroom and to.....

UTILITY CUPBOARD Space and plumbing for washing machine and tumble dryer. Shelf. Radiator. Power and light.

ROOM ONE 15' 5" x 10' 6" (4.7m x 3.2m) Box bay window to front. Radiator.

ROOM TWO 12' 3" (3.73m) x 7' (2.13m) decreasing to 5' 2" (1.57m)

Sash window to side. Radiator.

ROOM THREE 13' 4" (4.06m) x 6' 3" (1.91m) increasing to 9' (2.74m) in window recess. Twelve pane sash window to side. Radiator. Power points.

LIVING/DINING & KITCHEN 13' 10" (4.22m) x 15' (4.57m) reducing to 14' 2" (4.32m) and 8' 2" (2.49m) in kitchen area.

Pleasing St Gluvias views via twin twelve pane sash windows to rear. Window to side. White fitted units at base and eye level, work surface with inset one and a half bowl stainless steel sink and drainer with mixer tap. Fridge/freezer, cooker and extraction hood. Cupboard housing 'Worcester' gas boiler fuelling radiator central heating and hot water supply.

FIRST FLOOR Stairs through door to...

ATTIC ROOM/BEDROOM FOUR 16' 2" x 9' 10" (4.93m x 3m) Windows to two sides, beamed apex ceiling. Radiator. Wardrobe recess. Eaves cupboards.

BATHROOM 7' 2" x 5' 10" (2.18m x 1.78m) Easy clean panelled walls. Modern white suite comprising button flush WC, wash hand basin, panel bath with shower mixer and screen. Radiator. Shelved recess.

PARKING SPACE The property has a dedicated parking space for one car in a private parking area near the rear of the property and is accessed from the Cornwall Councils Permarin car park, the parking space is the middle parking space of five spaces on the right hand side as you access the area from Permarin car park

AGENTS NOTE 1. Doors throughout are half an hour fire doors with tumescent strips.

2. There is a smoke alarm system, connected to all rooms and with an emergency exit lighting system.

3. Total gross income is £1,440pcm. all four rooms are let. There are three tenants, one of the tenants is paying for two rooms.

Tenants are responsible for outgoings. There are separate key meters for gas and electricity. Tenants are exempt from paying council tax.

TENURE Leasehold - 999 years from 25th December 1988. This property shares the building insurance cost with the barbers shop beneath. Ongoing maintenance costs are dealt with as required on an ad hoc basis. the decoration of the exterior is dealt with separately, 40a painting when needed and likewise the shop beneath.

Repair of the box bay window at the front of the property is an expenditure currently in hand and because it serves only the flat is the responsibility of 40a. The replacement of the window subject to final planning approval is in hand and will involve the replacement of the lead above the shop window, The owner of the shop and 40a have agreed the costs which have been apportioned appropriately.
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Residential Sales
01326 319 767

3 Church Street, Falmouth
Cornwall, TR11 3DN

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01326 374 850

Swingbridge House, Anchor Quay, Penryn, Cornwall, TR10 8GU


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