Summary - MANOR COURT FLAT 4 SARACEN PLACE PENRYN TR10 8LW
1 bed 1 bath Apartment
Characterful, low-price studio with parking and strong rental potential.
Grade II listed ground-floor studio with mezzanine bedroom
A compact ground-floor studio in a striking Grade II listed building, previously a reliable rental and set just yards from Penryn’s town centre. The open-plan lounge/kitchen and mezzanine bedroom make efficient use of the footprint, while one allocated parking space adds practical value in this tucked-away position.
The flat requires renovation and modernisation to reach its full rental or resale potential. There is no central heating system (electric heaters assumed), granite walls likely without insulation, and secondary glazing only—upgrades to heating, insulation and finishes will improve comfort and returns. The listed status means any structural or external changes will need listed-building consent.
Long lease (remainder of 999 years) and very cheap council tax are clear advantages for investors or a first-step buyer. Close proximity to the train station, Tremough University and Falmouth expands the tenant pool, but the property’s small, split-level layout suits a single occupant or buy-to-let rather than a family.
Overall this is a value-driven, characterful investment or starter home for someone prepared to complete targeted works. Expect modest capital outlay to modernise interiors and upgrade heating/insulation, balanced by a low entry price, town-centre convenience and proven letting history.
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