GROSS RENT / YIELD
£5,580 / 6.2%
NET RENT / YIELD
£4,016 / 4.5%
Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.
1 reception room
This property benefits from a long term tenant and an average average yield for the area.
Prices in TR7 have increased 23% over the last 5 years (+2% over the last 12 months) and are £229k which varies by property type (£117k for a 1-bed flat to £424k for a 5-bed detached property).
On average, there have been 43 properties sold per month in the area in the last 12 months.
In comparison, prices in the wider Truro TR postcode area are £123k (+1% over the last 12 months) and range between £138k for a 1-bed flat to £471k for a 5-bed detached property.
Rents in TR7 are now at £713 per month (£8,556 pa) (0% over the last 12 month).
On average, there have been 22 properties listed for rent per month in the area in the last 12 months.
Given prices in the area, gross yield is currently 4.8% which is higher than the national average of 4.7% and the wider Truro TR postcode area of 4.3%.
This property is currently achieving a gross yield of 6.2% which 1.4% higher than the area.
Source: REalyse - 16/04/2019
£5,580 p.a. / £465 pcm
TENANCY AGREEMENT STARTED
over 4 years ago
TENANCY AGREEMENT ENDS
Documents available on request, please contact for viewings or further questions.
The information relating to the property is supplied by the vendor and the latest available at the date of listing.
Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.
GROSS RENT PER ANNUM
GROSS RENTAL YIELD
NET RENT PER ANNUM
NET RENTAL YIELD
FULLY MANAGED OPERATING COSTS
Click to understand assumptions.
Profit & Growth
ANNUAL (PRE-TAX) PROFIT
Click to understand assumptions.
HPI GROWTH (PREV 5 YRS)
This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.
Cornwall is a county in South West England and forms the westernmost part of the South West peninsula of Great Britain. The county is bordered by the Celtic Sea to the north and west, the English Channel to the south and the county of Devon to the east.
This county is served mainly by stations that lie on the Cornish Main Line and provide routes from Penzance to Plymouth. Numerous train stations in this county lie on this line including Plymouth, Devonport, Redruth, Camborne, St Austell and more. Services from these stations provide great links to destinations in the local area as well as all over southern England, London and even further around the Country. Cornwall also benefits from having its own commercial airport which is Cornwall Airport Newquay, which flies to several destinations on the island and a selection of cities in Europe such as Berlin, Alicante and Copenhagen.
The economy of Cornwall is heavily based around the tourism industry, which sees visitors from around the country spend £1.8bn annually. Cornwall’s beautiful scenery and vast miles of beach and cliffs has made it a top destination for tourists and surfers that want to enjoy the fantastic weather. Other tourist attraction in this county include the moorland, country gardens, museums and wooded valley. St Austell has seen a large increase in tourism due to the proximity to the Eden project which attracts one in eight of Cornwall’s visitors. In 2018 this county saw an increase of 20% more visitors. Cornwall’s economy also benefits from the fishing and agriculture with products such as Cornish clotted cream.
Cornwall has a selection of higher education institutions such as the University of Exeter and Falmouth University. This location could also be ideal for families with young children with around 40 secondary schools in the county and a number of primary schools throughout the villages.
Carnarvon Court, Saint Piran's Road,
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