Back in February, the Daily Telegraph recommended Truro, Cornwall as one of the UK’s regional hotspots for property investment. Despite reports of a slowdown elsewhere in the UK, Truro property prices remain healthy.
Truro is well placed for the north and south coasts. The city is a short drive from the coast and within easy reach of the A30. Truro’s central location means that most of Cornwall is within fairly easy reach.
But if prices have not changed much since 2006 – what kind of property could you buy in Truro? Is Truro a good place to make a property investment?
Truro property prices
£250,000 will give you a terraced house in town. And you could reasonably expect to find a flat within easy reach of the centre of town for £160,000.
But what about the rural outskirts – does location affect price?
If you’re looking for something on the edge of town, Truro offers a good range of mid-priced properties.
Local agents are seeing a trend for purchasers relocating from the South East. As well as families seeking to downsize or a slower pace of life, many properties are still purchased for investment.
The market is strong and local agents are seeing a lot of buyer interest, especially in the more popular areas of central Truro.
There is a good choice of primary and secondary schools both in Truro itself and the surrounding villages. London is within easy reach by rail and direct journey times have been reduced. The overnight sleeper train is well used by local commuters to London.
Looking to the future, Truro is an attractive investment opportunity for local and remote investors. The city retains lots of charm and boasts more than 61 independent retailers trading alongside larger High Street names. Recent retail developments, such as the arrival of Waitrose and Primark to the city, will further keep interest in the area, and property prices, high.
If you’re looking to purchase an investment property in Truro, contact our office here for independent mortgage advice.