An investment opportunity to purchase this three bedroom plus attic room student-let property located in an ideal position within the town of Penryn within reasonable walking distance to all the local amenities the town has to offer. The property has been successfully run as a student-let and is booked for the forthcoming 2021/2022 year, generating an income of £16,632 pa after bills. The property being Grade II listed, as you would expect offers many characteristic features the most prominent being the feature bay window to the front of the property which is rumoured to have formally been a window for a ship, although there is no documentation to support this fact. Upon entering the property via the entrance hallway, a doorway gives access to a generous open-plan lounge incorporating a dining area with the lounge having a feature floor to ceiling open-stone fireplace with wood lintel. From here is access to the kitchen with ground floor bathroom, while to the first floor a quarter turn staircase leads to the three additional bedrooms with a further staircase giving access to room four/attic room. The property throughout benefits from a gas-fired central heating system and is in the process of having a new water sprinkler system installed. Externally, to the rear is a decked area with a door leading to the basement which offers extensive storage running the whole length and width of the property.
The vendor has advised us that over the past 15 years works carried out at the property include, a full house rewire, replacement of main roof and flat roof, sprinkler system, emergency lighting and interlinked fire alrm, fire door to kitchen, replacement fascia boarding, guttering and a soil pipe to the rear. Over the years the property has been let with a consistently high standard of maintenance.
Penryn is a historic market town being situated on the Penryn River approximate one mile from the town of Falmouth.
Penryn has in the past operated as a busy harbour which landed granite and tin to be shipped to various parts of the country and abroad. Today the town offers a good range of independent retail shops catering very well the day-to-day needs yet retaining much of its own historic heritage. The town is recognised as a conservation area and has a good mix of historic buildings, some dating back as far as Tudor times. The nearby train station operates to Truro being the main centre in Cornwall for business and commerce as well as Falmouth, with its maritime museum and harbour.
Doorway to exterior, tiled floor, understair storage cupboard
11' 11" x 11' 11" (3.63m x 3.63m) With a delightful bay window to the front elevation, (as previously mentioned rumoured to have come from a ship), wood floor, beamed ceiling, feature floor-to-ceiling stone fireplace with wood lintel, wall lights, radiator.
16' 11" x 9' 4" (5.16m x 2.84m) Window to rear elevation, one and a quarter turn staircase to first floor, open fireplace with raised hearth, wooden floor, radiator, exposed stone wall, wall light points, built-in storage cupboard.
11' 10" x 7' 2" (3.61m x 2.18m) Window to rear elevation, single stainless steel sink unit, a good range of base and wall mounted storage cupboards, tiled floor, radiator, recess for fridge and cooker, larder-style storage cupboard.
9' 0" x 4' 3" (2.74m x 1.30m) Double glazed window to side elevation, handgrip bath with shower over and shower screen, pedestal wash hand basin, heated towel rail, tiled floor, wall light with shaver point. Doorway giving access to:
Window to rear elevation, boiler, close coupled WC, tiled floor.
Double glazed window to rear elevation, double glazed door to exterior, tiled floor.
Wooden floor and access to:
10' 1" x 9' 6" (3.07m x 2.90m) Window to rear elevation, wall light, wood floor, radiator.
13' 7" x 7' 1" (4.14m x 2.16m) Bay window to front elevation, radiator.
12' 11" x 8' 11" (3.94m x 2.72m) Bay window to front elevation, radiator.
21' 0" x 15' 4" (6.40m x 4.67m) Accessed from the landing. Velux window to front elevation wash hand basin with storage cupboard under, radiator, exposed beams, canopy ceiling, separate WC. (No building regulations)
Immediately to the rear of the property is a small decked area with a useful water tap with access to the extensive basement which runs the full length of the property and houses the boiler and plumbing for washing machine, electric lights and power points, gas meter, sprinkler system control.
Storage space plus easy access for sprinkler system. Washing machine and tumble dryer.
Services: The following services are available at the property however we have not verified connection, mains electricity, mains gas, mains metered water, mains drainage, broadband/telephone subject to tariffs and regulations.
council tax band: B
nb: Although the Bedroom Four/Attic Room does not have building regulations, it has a sprinkler system which is currently being upgraded to meet recent new regulations. Letters are available from the fire brigade and the council in this respect.
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. 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. 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.
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