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East Park, Redruth

South West

£239,950
Listed on 19/05/2025

Property Details

Bedrooms
2
Type
Detached house
Area
581 sqft

Description

This two-bedroom detached bungalow presents a promising renovation opportunity on the outskirts of Redruth. With no onward chain, it offers an ideal canvas for those looking to customize their living space or invest in a property with significant potential for enhancement. The home features a spacious lounge characterized by its large double-glazed window, providing ample natural light and a cozy atmosphere, accentuated by an electric coal effect fire. The kitchen is functional, equipped with storage units and plumbing for modern appliances, along with an airing cupboard housing the hot water cylinder. Both bedrooms offer comfortable accommodations, with the master bedroom including sizeable free-standing wardrobes. Although the property currently requires some updating, its overall layout and prominent features suggest excellent possibilities for modernization. Electric heating and double glazing are already in place, ensuring a baseline level of comfort while you plan renovations. Outdoor spaces include a manageable rear garden laid mainly to lawn, complemented by hedging borders and two storage sheds. A sunroom extends from the rear of the house, providing additional living space that leads directly to the garden—a feature that can be enhanced further to create a lovely indoor-outdoor flow. For convenience, there's off-road parking leading to a garage with power connections; this area can be reimagined as essential storage or potentially converted into workshop space or additional living quarters. The location is advantageous for both residents and investors alike. Within walking distance is a small Morrisons convenience store, while Redruth town center—approximately 0.8 miles away—offers an array of local amenities including shops, cafes, schools, and transport links such as mainline railway services. Additionally, the north coast is just 4.9 miles away with beautiful beaches like Portreath nearby. This property not only holds promise for personal transformation but also represents an appealing investment opportunity in a desirable area poised for growth.

Investment Analysis

(TR15 area)

Above Market Value

This property is priced +48.7% above area average per sq ft

+48.7%
This Property
£413/sq ft
Area Average
£278/sq ft

Renovation Potential

Est. Renovation Cost
£23,995 - £59,988
10-25% of property value
Target Value
£177,446
10% above area average per sq ft
Potential ROI
-40.8%
After renovation
Monthly Sales
19
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (TR15)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 5.9%
5 year growth: 30.4%
Investment Disclaimer: Analysis based on TR15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

East Park, Redruth
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