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Carn View, Gwennap, Redruth, Cornwall, TR16 - Image 1
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Carn View, Gwennap, Redruth, Cornwall, TR16 - Image 3
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Carn View, Gwennap, Redruth, Cornwall, TR16 - Image 5

Carn View, Gwennap, Redruth, Cornwall, TR16

South West

£299,950
Listed on 17/05/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
957 sqft

Description

Nestled in a delightful semi-rural setting, this three-bedroom ex-local authority home offers both comfort and potential for renovation. The property boasts a sizable garden with expansive countryside views, providing an appealing backdrop and a chance to create an outdoor oasis. Recent upgrades, including solar panels and an air source heat pump, enhance energy efficiency while representing a forward-thinking investment for future utility savings. Internally, the layout features a lounge and a separate dining room that can be transformed to meet your needs. The fitted kitchen includes built-in cabinetry and a pantry for added storage. Upstairs, three bedrooms provide ample living space alongside a bathroom, making it suitable for families or as a rental property. The property's outdoor space is noteworthy; the front garden presents an opportunity for parking (subject to planning permission), while the rear garden is larger than one might expect. It borders open fields and includes a summerhouse along with room for additional outbuildings or sheds. This area offers plentiful options for relaxation or play, appealing to families and pet owners alike. Additionally, the presence of outbuildings with power could serve various purposes—potentially functioning as a utility room or workshop—adding further value for those looking to personalize their investment. This freehold property is situated conveniently close to the charming village of Gwennap, which provides easy access to nearby towns such as Redruth and Falmouth, enhancing its attractiveness as both a residence and an investment opportunity.

Investment Analysis

(TR16 area)

Below Market Value

This property is priced -4.0% below area average per sq ft

-4.0%
Potential saving
This Property
£313/sq ft
Area Average
£327/sq ft
Avg Rent (weekly)
£302
Avg Yield
4.3%

Renovation Potential

Est. Renovation Cost
£29,995 - £74,988
10-25% of property value
Target Value
£343,864
10% above area average per sq ft
Potential ROI
-8.3%
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

Carn View, Gwennap, Redruth, Cornwall, TR16
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