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Redruth

South West

£169,950
Listed on 07/10/2025

Property Details

Bedrooms
1
Type
Detached house
Area
454 sqft

Description

Nestled in a tranquil cul-de-sac off Trefusis Road and adjacent to Victoria Park, this one-bedroom detached bungalow offers a unique opportunity for renovation and investment. The property is set on a generous plot with gated parking, providing ample room for enhancement, including the potential to add a garage pending planning permission. The location boasts convenient access to Redruth town and its amenities, as well as the train station, making it an attractive option for those looking for both residential living and investment prospects. The surrounding area features green spaces, enhancing the charm of the neighborhood. Internally, the bungalow comprises a lounge with dual aspect windows that fill the space with natural light, a kitchen equipped with basic cabinetry and essential appliances, one sizable bedroom, and a bathroom. While the property would benefit from modern updates, it currently features double glazing and night storage heating for comfort. Outside, the expansive side garden narrows towards the rear but offers extensive landscaping possibilities. The gravel driveway allows for off-road parking and can be further developed into additional parking space or hard landscaping. The front garden is complemented by mature shrubs and pebbled areas that add character. Additionally, the paved rear garden includes a shed and provides side access around the entire property. This freehold property presents an excellent opportunity for those looking to invest in a home or capitalize on its potential through renovation efforts. Council tax band A; EPC rating F.

Investment Analysis

(TR15 area)

Above Market Value

This property is priced +36.4% above area average per sq ft

+36.4%
This Property
£374/sq ft
Area Average
£274/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£137,010
10% above area average per sq ft
Potential ROI
-29.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TR15)

Area prices are stable by +0.9% over the last 12 months
3 year growth: 1.5%
5 year growth: 22.4%
Investment Disclaimer: Analysis based on TR15 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

Redruth
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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
£623
Based on a loan of £127,462 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