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Rural outskirts - Redruth, Cornwall - Image 1
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Rural outskirts - Redruth, Cornwall

South West

£600,000
Listed on 25/05/2025

Property Details

Bedrooms
6
Type
Detached house
Area
2105 sqft

Description

This spacious detached period home features six bedrooms and is situated on just over an acre of land, which includes expansive partly walled gardens and two small paddocks. While the property is in need of modernisation, it presents a unique opportunity for renovation enthusiasts or investors looking to enhance its value. The outdoor space offers considerable potential, with the possibility of further development subject to necessary approvals. The presence of several outbuildings adds to the versatility of the property, allowing for various uses such as workshops, storage, or even conversion into additional living space, depending on your vision. Nestled in a tranquil setting yet conveniently located near local amenities, this property benefits from both privacy and accessibility. It is a prime candidate for those looking to invest in a project with substantial upside in a desirable location.

Investment Analysis

(TR15 area)

Above Market Value

This property is priced +2.7% above area average per sq ft

+2.7%
This Property
£285/sq ft
Area Average
£278/sq ft

Renovation Potential

Est. Renovation Cost
£60,000 - £150,000
10-25% of property value
Target Value
£642,899
10% above area average per sq ft
Potential ROI
-14.3%
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

Rural outskirts - Redruth, Cornwall
Map showing location of Rural outskirts - Redruth, Cornwall
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