Truro, Cornwall

Located on the north western approaches of Truro, a particularly fine and handsome 4 double bedroomed, 4 reception roomed period family home set within circa 0.6 of an acre of gardens which directly abut surrounding countryside with triple garage block and large dilapidated timber outbuilding. Mundic block is present in an historic extension therefore interest invited from CASH BUYERS. Offering huge scope for improvement and/or total redevelopment.

CASH BUYERS

The property historically has undergone a Concrete Screening Test. The results classify the property as unmortgageable. However, it may be possible raise a mortgage against the property’s plot value. The older part of the property is built of stone but the two storey extension the western side and the two storey extensions to the rear were built in the 1920s and the report indicates that it is in these parts of the building that mundic block (classified B and C1) is present.

Whilst there is obviously considerable scope for redevelopment of the site for a new dwelling/dwellings (subject to gaining necessary consents), it is by no means expected that an incoming purchaser will wish to demolish the existing dwelling as it is currently and long been used as a lived-in family home. Indeed, for a cash buyer the availability of Innisfree represents a fantastic opportunity to acquire a house which simply would not be available in this type of price bracket were it not for the presence of mundic block.

A third option would be to remove and rebuild the extended parts of the property under architect/surveyor supervision which as part of a redevelopment project would also potentially enable the property to become a normal mortgageable property in the fullness of time (subject to gaining necessary consents).

A copy of the historic Concrete Screening Report can be made available for inspection upon request with the Lillicrap Chilcott office. An historic scheme was planned by the owner in 2007 and plans passed for the works however, due to ill health the project was not ever started but again plans could be made available to interested parties upon request with Lillicrap Chilcott. All buyers should of course rely on their own independent investigations.

With the mundic block content in the 1920’s extension it is our understanding that conventional mortgage finance will not be possible. However, it may be possible to obtain some mortgage finance through specialist lenders against the property’s plot value.