Worst House on the Street Logo
Busveal, Redruth, Cornwall, TR16 - Image 1
Busveal, Redruth, Cornwall, TR16 - Image 2
Busveal, Redruth, Cornwall, TR16 - Image 3
Busveal, Redruth, Cornwall, TR16 - Image 4
Busveal, Redruth, Cornwall, TR16 - Image 5

Busveal, Redruth, Cornwall, TR16

South West

£525,000
Listed on 15/04/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1722 sqft

Description

Nestled in expansive gardens within a tranquil rural setting, this four-bedroom detached bungalow presents a promising opportunity for renovation and investment. The property features a versatile layout that includes a separate annexe, making it suitable for various uses such as guest accommodation or home office space. Inside the main residence, you’ll find a spacious lounge and a kitchen-dining area that invites refurbishment, offering the potential to incorporate modern amenities like an Aga. The utility room adds practicality to everyday living, while the four bedrooms provide ample space for family or guests. The master bedroom boasts an en-suite bathroom, complemented by an additional family bathroom to serve the other bedrooms. The bungalow is equipped with oil-fired central heating and mostly double-glazed windows, ensuring comfort throughout. The annexe enhances the property's appeal, featuring a ground floor office or outbuilding that requires updating, along with a utility room and W.C. On the first floor, there's a lounge-diner with access to a balcony that showcases pleasant views, as well as an additional bedroom and shower room. Outside, the property's large established gardens are ideal for those who appreciate outdoor space and privacy. A wooded area provides natural beauty and seclusion, while there’s also potential for development on the access road where a static caravan currently resides—subject to planning permissions—which could accommodate another dwelling or building project. A substantial barn or tractor shed adds further utility to the site. This freehold property sits within Council Tax Band D and has an EPC rating of E, emphasizing its investment potential in a desirable location that balances peaceful rural living with opportunities for development and enhancement.

Investment Analysis

(TR16 area)

Below Market Value

This property is priced -6.7% below area average per sq ft

-6.7%
Potential saving
This Property
£305/sq ft
Area Average
£327/sq ft
Avg Rent (weekly)
£302
Avg Yield
4.3%

Renovation Potential

Est. Renovation Cost
£52,500 - £131,250
10-25% of property value
Target Value
£618,740
10% above area average per sq ft
Potential ROI
-5.7%
After renovation
Monthly Sales
11
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TR16)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -2.1%
5 year growth: 31.1%
Investment Disclaimer: Analysis based on TR16 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

Busveal, Redruth, Cornwall, TR16
Map showing location of Busveal, Redruth, Cornwall, TR16
Open Map