For sale Flat

Apartment 3

THE WHARFSIDE LOFTS, PERRAN FOUNDRY, TRURO, PERRANARWORTHAL, CORNWALL TR3 7JR

2 beds 2 baths 560 sq ft Listed 25 Mar 2026 (-158d)

£300,000

Offers Over

Reduced on 25 Jun 2026 · Was £325,000

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Front (Exterior) Kitchen Living Room Kitchen Kitchen Dining Room Dining Room Bedroom Bedroom Bathroom Bedroom Bedroom Bathroom Bathroom Front (Exterior) Courtyard Front (Exterior)

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Property details

Tenure

LEASEHOLD

Floor area

52 m²

Last sold

£200,000 Dec 2025

Price per m²

£5,769/m²

Local average

£170,750 (+75.7%)

Deprivation

Decile 7 (22,018 of 33,755)

Street crime

1 incident within 1 mile (Jun 2026)

Key features

  • Two double bedroom apartment
  • Ground floor
  • Grade II Listed
  • Historic building dating from 1791
  • Double glazing
  • Mains gas under floor heating
  • Allocated Parking Space
  • Excellent location between Truro and Penryn
  • Track record of holiday letting
  • No onward chain

Additional details

Electricity
Mains supply
Water
Mains supply
Sewerage
Mains supply
Heating
Gas central
Parking
Off street, Communal
Listed property
Yes
Restrictions
Yes
Flooded in last 5 years
No
Flood defences
Yes

Description

An impeccably presented two double bedroom ground floor apartment with an allocated parking space and communal gardens in an historic Grade II Listed former foundry dating from 1791. Superb location surrounded by restored historic buildings and close to Devichoys Wood Nature Reserve and popular villages including Perranwell Station, Mylor (where there's a yacht marina), and Ponsanooth, with the university town of Penryn and the cathedral city of Truro easily accessed by a regular bus service.

Why You'll Like It - This two double bedroom ground floor apartment is located in a delightful setting among historic buildings dating from 1791. Perran Foundry is a select development of converted former foundry buildings offering a window into Cornwall's industrial past. The property is conveniently located on the ground floor in this fine Grade II Listed restored building and has the benefit of an allocated parking space immediately outside. There are also communal grounds with areas of garden and residents love to walk in nearby Devichoys Wood Nature Reserve. The property has a fantastic blend of modern comforts and historic character with incredible timber beams exposed and deep window sills. There is under floor heating throughout which is warmed by a Worcester mains gas central heating boiler, and the apartment also has double glazing. The living / kitchen and dining space are open plan for modern sociable living and offer plenty of space for furnishings. The kitchen has a range of shaker style units with solid timber work surfaces and a ceramic sink. There's a built-in multifunction electric oven and the gas hob with extractor over. The fridge and freezer along with the dishwasher are also integrated. A central hallway connects the living space with the bedrooms and bathrooms and the main bedroom is particularly generous and has a beautifully installed en-suite shower room with contemporary fitments. Bedroom two is also a good size and the family bathroom is also beautifully fitted with a shower over the bath.

Where It Is - Perran Foundry is in the heart of Perranarworthal between Truro and Falmouth. The Norway Inn just along the road has a highly regarded restaurant and local ales. Neighbouring Perranwell Station has many amenities including a village shop, pub, cricket and football clubs, church, primary school and the branch line train station linking Truro and Falmouth. Daily provisions are available from the nearby farm shop. Keen sailors can launch at Mylor where there are public slipways, a marina, chandlery, riggers and a popular café and wine bar. Walks into Devichoys Wood Nature Reserve can be enjoyed directly from Perran Foundry and also Kennal Vale in nearby Ponsanooth is a delightful historic mill sight with woodland walks. Falmouth University's Penryn Campus is only a short bus ride away underlining the convenience of this central location.

Services And Tenure - Leasehold


There is currently no council tax band listed

Important Information - Clive Pearce Property, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements of fact.

2 It should not be assumed that the property has all necessary planning, building regulation or other consents and Clive Pearce Property have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
3. Photos and Videos: The photographs and/or videos show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Any computer generated image gives only an indication as to how the property may look and this may change at any time.
Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.
Information on the website about a property is liable to be changed at any time.

Listed by

Truro

Clive Pearce Property

Reference: 173694992

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address Current Potential Floor area Age band Type
Apartment 3 The Wharfside Lofts, Perran Foundry, Perranarworthal, TRURO 61 61 52 m² Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

INSPIRE registered land data is not available for this location yet.

Floorplans

Floor Plan

Floor Plan

EPC Graphs

EE Rating

EE Rating

Price history

43% since 2014

Event Date Price % change
Listed for sale £300,000 +50%
Sold 09/12/2025 (8 months ago) £200,000 +25%
Sold 24/07/2020 (6 years ago) £160,000 +14.3%
Sold 29/08/2014 (12 years ago) £140,000

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
Same street THE HAMMER MILL 2 PERRAN FOUNDRY, PERRANARWORTHAL, TRURO, CORNWALL, TR3 7JR £495,000 25/11/2022 Terraced
Same street THE PATTERN SHOP 6 PERRAN FOUNDRY, PERRANARWORTHAL, TRURO, CORNWALL, TR3 7JR £395,000 25/11/2022 Flat
Same street THE PATTERN SHOP 1 PERRAN FOUNDRY, PERRANARWORTHAL, TRURO, CORNWALL, TR3 7JR £310,000 05/01/2022 Flat

Street average: £400,000 (3 sales)

Capital growth trend

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

5y growth 50.2%

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

1y (index) -0.5%
5y (index) -0.6%
10y (index) 19.4%

Rental Range

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

Low £904/mo
Realistic £1,004/mo
Optimistic £1,104/mo

Based on Local Authority from postcode lookup → Cornwall.

Location

Address

A39

Nearby

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

Type Name Distance
Bus stop Perran Foundry 0.1 miles
Bus stop Top of School Hill 0.3 miles
Shop Perranwell Stores and Post Office 0.5 miles
Train station Perranwell 0.8 miles
Shop Devoran Creek Woodworks 1.2 miles
University The Institute of Photography 2.4 miles
University Games Academy Design Centre 2.4 miles
Train station Penryn 2.4 miles
Hospital Mount Hawke Surgery 6.6 miles

Street-level crime

Category Count
Violence and sexual offences 1
Total incidents 1

Within 1 mile during Jun 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
Perran-Ar-Worthal Community Primary School Primary 0.4 miles Good — 24 Oct 2012
Devoran School Primary 1.2 miles Good — 9 Nov 2023
Kennall Vale School Primary 1.3 miles Good — 27 Feb 2012
Cusgarne Primary School Primary 1.6 miles Good — 20 Mar 2014
Mylor Community Primary School Primary 2.2 miles Good — 27 Mar 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
2 Bed Bungalow, Trewedna Lane, TR3 £1,200/mo 2 0.59 miles OpenRent
2 Bed Detached House, Glengarth, TR10 £855/mo 2 1.26 miles OpenRent

Average rent: £1,028/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.34%
Max investor price (0.8%) £128,500
Target investor price (1%) £102,800
Gross yield 4.1%
Cost-to-rent ratio 24.3×
Monthly cashflow £-281/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -3.9%
  • 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).

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