Lower Market Street, Penryn

Smart Millerson Estate Agency are delighted to present this deceptively spacious and characterful Grade II listed first-floor studio apartment, offered to the market with no onward chain and benefiting from an exceptional 999-year lease. Bursting with charm and original character, this unique home offers a fantastic opportunity for first-time buyers, downsizers, or buy-to-let investors seeking a property with timeless appeal and long-term potential.

Property Description - Smart Millerson Estate Agency are delighted to present this deceptively spacious and characterful Grade II listed first-floor studio apartment, offered to the market with no onward chain and benefiting from an exceptional 999-year lease. Bursting with charm and original character, this unique home offers a fantastic opportunity for first-time buyers, downsizers, or buy-to-let investors seeking a property with timeless appeal and long-term potential.

The property also benefits from a share of the freehold, which will transfer to the new owner upon completion, providing added security, stability and value for years to come.

Internally, the apartment boasts a bright and generously proportioned open-plan living and sleeping area, creating a warm and inviting atmosphere ideal for relaxing, entertaining guests, or creating a comfortable work-from-home environment. Thoughtfully arranged to maximise both comfort and practicality, the studio layout offers ample space for lounge furnishings and a dedicated sleeping area while maintaining a light and airy feel throughout.

The property also features a compact yet functional kitchen, well-designed to make the most of the available space and offering everything needed for day-to-day living. The accommodation is further complemented by a stylish bathroom and a built-in storage cupboard, enhancing the practicality and versatility of the home.

Throughout, the apartment beautifully combines retained period features with modern-day convenience, resulting in a home that feels both charming and highly liveable.

Additional benefits include mains electricity, water and drainage connections, along with a favourable Council Tax Band A rating.

Location - Penryn is a historic, character-filled Cornish town that blends its deep heritage with contemporary living. Famous for its narrow lanes, distinctive architecture, and friendly atmosphere, it offers a lifestyle rich in culture and convenience. As one of Cornwall’s oldest settlements, its maritime past can still be seen throughout the waterfront and traditional buildings. Today, Penryn has grown into a lively centre with an expanding creative community, independent boutiques, inviting cafés, and artisan dining spots, making it an attractive place for both long-time residents and newcomers. The town also hosts parts of the University of Exeter’s Cornwall campus and Falmouth University, bringing a vibrant student presence and youthful energy. With strong public transport connections including a train station offering direct routes to Truro and its close proximity to the bustling coastal town of Falmouth, Penryn provides an ideal mix of relaxed living with easy access to both urban conveniences and seaside attractions.

The Accommodation Comprises - (All dimensions are approximate)

Entrance Hallway - Skimmed ceiling. Smoke alarm. Access to a partially boarded loft space. Consumer unit. Intercom entry system. Storage heater. Skirting boards. Vinyl flooring.

Bedroom/Living/Dining Area - Skimmed ceiling. Smoke alarm. Two sash windows to the front aspect allowing plenty of natural light. Television point. Multiple plug sockets. Skirting boards. Carpeted flooring.

Kitchen - Skimmed ceiling. Attractive splash-back tiling. A range of wall and base fitted storage cupboards. Integrated electric oven with four-ring hob and extractor hood over. Stainless steel sink with drainer. Space for under-counter appliances. Multiple plug sockets. Skirting boards. Carpeted flooring.

Bathroom - Skimmed ceiling. Extractor fan. Recessed spotlights. Attractive splash-back tiling. Mains-fed shower over the bath. Built-in storage cupboard housing the hot water cylinder. Wash hand basin. W.C. Vinyl flooring.

Tenure - Benefiting from an exceptional 999-year lease, the property also includes a share of the freehold, which will transfer to the new owner upon completion, offering enhanced security, long-term stability, and lasting value.

Services - Additional benefits include mains electricity, water and drainage connections, along with a favourable Council Tax Band A rating.

Material Information - # Verified Material Information
## Costs and tenure
Tenure: Leasehold
Lease length: 979 years remaining (999 years from 2006)
Service charge: £780/year
Council tax band: A
EPC rating: E
## The building
Mid-terrace flat, standard construction
Accessibility adaptations: None
## Services
Mains electricity
Mains water
Mains foul drainage
Mains surface water drainage
Heating: None
Heating features: Night storage
Broadband: ADSL copper wire
Mobile coverage: O2 good, Vodafone great, Three great, EE good
Parking: None
## Risks and restrictions
Grade 2 listed
Not in a conservation area
No tree preservation order
Title register restrictions (CL233910):
- The property must provide structural support and protection to the neighboring buildings.
- The owner must allow utility services, such as gas, water, and electricity, to pass through pipes and wires located on the property to serve neighboring land.
- The owner must allow neighbors to enter the property at reasonable times, provided they give written notice, to inspect or repair their utility pipes and wires.
- The owner must allow neighbors to enter specific areas of the property (marked on the official plan) to paint or maintain their own buildings if the work cannot be done any other way.
- The property must allow rainwater from neighboring roofs to flow into its gutters and downpipes
- The owner must allow a right of way for people to walk across specific passageways and yard areas, but only in the event of an emergency.No environmental risks recorded
All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.