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The Lane, TR16

South West

£228,000
Listed on 06/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
926 sqft

Description

This mid-terrace cottage offers a solid foundation for renovation and personalization, ideal for those looking to invest in a property with significant potential. Comprising three bedrooms, the home is being sold with no onward chain, allowing for a smooth transition into your next project. Positioned in a peaceful, no-through private area accessible via a shared lane, the property also benefits from off-road parking suitable for two vehicles. The surrounding village of Four Lanes boasts essential amenities including a local shop, public house, and an excellent primary school, making it an appealing area for families. Additionally, convenient transport links to nearby Redruth and Helston enhance the property's accessibility, with the A30 link road just a short drive away. The ground floor features a lounge that exudes character with its beamed ceilings and multifuel wood burner, complemented by an adjoining dining room that provides ample space for entertaining. The kitchen presents an opportunity for updating, currently equipped with basic cabinetry and appliances—perfect for those looking to create their dream culinary space. On the first floor, you'll find two generously sized double bedrooms along with a single bedroom. Each room has been designed to maximize natural light and offers pleasant views of the surrounding countryside or garden. The family bathroom includes essential fixtures but also presents an opportunity for modernization. Outside, the cottage is set back from the lane with driveway parking leading to a spacious enclosed garden. This area is primarily laid to lawn and provides secure outdoor space ideal for children and pets alike. The rear garden also allows for pedestrian access—another feature that may enhance its appeal during any future renovations. Overall, this property not only invites personal touches but also holds promising investment potential in this growing community. With thoughtful updates and renovations, it could become a charming home that reflects individual style while capitalizing on its desirable location.

Investment Analysis

(TR16 area)

Below Market Value

This property is priced -22.5% below area average per sq ft

-22.5%
Potential saving
This Property
£246/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£323,660
10% above area average per sq ft
Potential ROI
+23.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR16)

Area prices are falling by +7.7% over the last 12 months
3 year growth: -15.0%
5 year growth: 15.2%
Investment Disclaimer: Analysis based on TR16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

The Lane, TR16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£835
Based on a loan of £171,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE