Sold Terraced

42 BROAD STREET

PENRYN, PENRYN, CORNWALL TR10 8JH

4 beds 1 baths 132 m² Listed 1 Feb 2024 (-913d)

£400,000

Reduced on 22 Feb 2024

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Property details

Tenure

FREEHOLD

Floor area

132 m²

Council tax band

C

Last sold

£250,000 May 2008

Local average

£258,267 (+54.9%)

Deprivation

Decile 3 (7,591 of 33,755)

Street crime

94 incidents within 1 mile (May 2026)

Key features

  • Superb Grade II Listed Cottage
  • Dating back to 17th Century
  • Large full depth kitchen/dining/living area
  • Separate snug/study/playroom/5th bedroom
  • South-facing courtyard garden
  • Close to town centre and head of Penryn River
  • Full of character and authenticity
  • Double-fronted stone facade
  • 2024 installed PIV (positive input ventilation) system
  • Wood burning stove and 2 open fireplaces

Additional details

Garden
Yes

Description

A charming double-fronted Grade II Listed town cottage with a particularly appealing layout comprising a stunning kitchen/dining/living room at ground floor level with additional reception room or snug/study which could provide a 5th bedroom if required, in addition to 4 first floor bedrooms with adjacent bathroom . A sunny and secure rear garden catches sun throughout the day due to its southerly aspect.

THE PROPERTY
Dating back to the mid-late 1700s, 42 Broad Street exudes charm and enjoys unique character. Positioned equidistant from the heart of the town and Penryn River, directly opposite 'The Square,' this double-fronted property boasts a bespoke kitchen crafted from reclaimed pitched pine, complemented by polished granite work surfaces. As you would expect from a listed cottage, the many traditional features remain, including a superb slate-floored hallway, timber doors and staircase, 2 fireplaces, sash windows and exposed stone walls. The main ground floor rooms comprise a superb living/dining/kitchen with wood burning stove and vaulted ceiling above the kitchen units along with a separate snug/study/playroom or 5th bedroom. Upstairs, there are four bedrooms, three of which are generous 'doubles,' offering picturesque views of the Georgian square. The tastefully refitted family bathroom/WC completes the upper level. The property also benefits from a 2024 installed PIV (positive input ventilation) system. Outside, an enclosed courtyard garden, accessible from the hallway and kitchen, faces south and provides a real sun trap: approximately 30' in length albeit narrowing at the end where a lawn could be laid, if required.

The property is centrally heated with regular servicing of the gas boiler and the cottage has been re-wired during our client’s ownership.

THE SITUATION
Located just 150m from the head of the Penryn River, perfectly positioned for the superb historic town's amenities, the neighbouring port of Falmouth, beautiful south coast beaches and exceptional day-sailing waters of the Fal Estuary. Regular Bus services operate from Broad Street itself and also Penryn Bridge, just a 1 minute walk away. Penryn Railway Station can be assessed 'on foot' within 10 minutes, the easiest way to access Falmouth and Truro, which in turn links directly to Paddington Station, London.

ADDITION INFORMATION
Tenure - Freehold. Possession - Vacant possession upon completion to coincide with our client's onward purchase. Services - Mains gas, electricity, water and drainage. Gas fired central heating. Council Tax - Band C. EPC - TBC . VIEWING ARRANGEMENTS - BY APPOINTMENT WITH TOM WILLS PROPERTY.

Listed by

Falmouth

TOM WILLS PROPERTY LIMITED

Reference: 144274013

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

42, Broad Street, Penryn, TR10 8JH.jpg

42, Broad Street, Penryn, TR10 8JH.jpg

Price history

481% since 1995

Event Date Price % change
Sold 30/05/2008 (18 years ago) £250,000 +481.4%
Sold 27/01/1995 (31 years ago) £43,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
4 OLD QUAY OPE, PENRYN, CORNWALL, TR10 8FA £319,500 30/10/2025 Terraced
Same street 18 BROAD STREET, PENRYN, CORNWALL, TR10 8JH £260,000 03/02/2025 Semi-detached
Same street 30 BROAD STREET, PENRYN, CORNWALL, TR10 8JH £250,000 21/08/2024 Terraced
1 GLASNEY TERRACE, PENRYN, CORNWALL, TR10 8LD £331,000 15/12/2023 Terraced
Same street DEAN HOUSE, 14 3 BROAD STREET, PENRYN, CORNWALL, TR10 8JH £130,000 22/11/2023 Flat
EL OLVIDO COMMERCIAL ROAD, PENRYN, CORNWALL, TR10 8AG £270,000 15/09/2023 Terraced
16 ST THOMAS STREET, PENRYN, CORNWALL, TR10 8JN £295,000 11/11/2022 Terraced
4 EASTWOOD ROAD, PENRYN, CORNWALL, TR10 8LA £250,000 24/10/2022 Terraced
6 FOXS YARD, PENRYN, CORNWALL, TR10 8GF £365,000 12/10/2022 Terraced
IVY COTTAGES 2 HIGHER MARKET STREET, PENRYN, CORNWALL, TR10 8EE £175,000 30/09/2022 Terraced
9 HILL HEAD, PENRYN, CORNWALL, TR10 8JU £190,000 20/09/2022 Terraced
Same street 14 BROAD STREET, PENRYN, CORNWALL, TR10 8JH £265,500 19/08/2022 Flat
Same street 30 BROAD STREET, PENRYN, CORNWALL, TR10 8JH £186,500 22/07/2022 Flat
48 ST THOMAS STREET, PENRYN, CORNWALL, TR10 8JW £278,000 07/07/2022 Terraced
SUMMERCOURT 4 HARBOUR VILLAGE, PENRYN, CORNWALL, TR10 8GG £350,000 09/03/2022 Terraced
BANK COTTAGES 6 HIGHER MARKET STREET, PENRYN, CORNWALL, TR10 8EG £252,000 28/02/2022 Terraced
34 BOHILL, PENRYN, CORNWALL, TR10 8JG £385,000 26/11/2021 Terraced
4 GLASNEY TERRACE, PENRYN, CORNWALL, TR10 8LD £307,000 22/10/2021 Terraced

Street average: £218,400 (5 sales)

Area average: £289,808 (13 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 24.8%
10y growth 39%

House Price Index (HM Land Registry — official index, not sold-price averages): Cornwall. Series: Terraced. As of April 2026.

1y (index) 2.6%
5y (index) 10.5%
10y (index) 37.4%

Rental Range

Estimated market rent for Cornwall. Low = conservative, Realistic = average, Optimistic = best case.

Low £905/mo
Realistic £1,005/mo
Optimistic £1,106/mo

Based on Local Authority from postcode lookup → Cornwall.

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Insight 0.1 miles
Shop Furnish at Penryn 0.1 miles
Bus stop Opp Kings Arms 0.1 miles
Bus stop Penryn Bridge 0.1 miles
Train station Penryn 0.6 miles
Hospital Falmouth Hospital 1.0 miles
University The Institute of Photography 1.0 miles
University Falmouth University Unit 5b, Life Drawing 1.1 miles
Train station Penmere 1.4 miles
Hospital Helston Community Hospital 9.0 miles

Street-level crime

Category Count
Violence and sexual offences 49
Anti-social behaviour 17
Shoplifting 7
Other theft 5
Criminal damage and arson 4
Public order 4
Other crime 3
Robbery 2
Burglary 1
Theft from the person 1
Vehicle crime 1
Total incidents 94

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Falmouth School Secondary 0.7 miles Requires improvement — 22 Mar 2023
Penryn Primary Academy Primary 0.7 miles Good — 10 Nov 2021
Penryn College Secondary 0.7 miles Good — 18 May 2012
Falmouth Primary Academy Primary 1.2 miles Good — 6 Jan 2017
St Francis CofE Primary School Primary 1.2 miles Good — 11 Sep 2013

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
4 Bed Terraced House, St Thomas St, TR10 £1,400/mo 4 0.07 miles OpenRent

Average rent: £1,400/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.35%
Max investor price (0.8%) £175,000
Target investor price (1%) £140,000
Gross yield 4.2%
Cost-to-rent ratio 23.8×
Monthly cashflow £-340/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -3.5%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).