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Harbour Terrace, Portreath, Redruth, Cornwall, TR16 - Image 1
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Harbour Terrace, Portreath, Redruth, Cornwall, TR16

South West

£250,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
634 sqft

Description

This charming two-bedroom cottage offers a unique opportunity for both homebuyers and investors looking to enter the property market or enhance their investment portfolio. Nestled in the picturesque coastal village of Portreath, this property boasts stunning views of the harbor and the shimmering sea, providing a serene backdrop for everyday living. The location is a notable advantage, with a variety of local amenities within walking distance, including shops, pubs, and a primary school. Excellent public transport links are available to the nearby town of Redruth, which features mainline bus and railway services, making it convenient for commuting or exploring the surrounding areas. Inside, the cottage retains its traditional character while also presenting opportunities for modernization. The first floor consists of a welcoming living room highlighted by an exposed stone fireplace, adding both charm and warmth to the space. The kitchen provides access to a conservatory at the back of the property, perfect for enjoying additional natural light and creating an inviting dining area that opens up to a small courtyard garden. Upstairs, both bedrooms offer lovely sea views and are generously sized. A large family bathroom completes this level. There is also a small area above the stairs that could be creatively transformed into extra storage or utilized as a functional nook. The landing features easy access to a loft space that is partly boarded and illuminated – ideal for storage solutions. With large windows throughout, natural light floods each room, enhancing the cozy yet airy ambiance typical of Cornish cottages. The rear courtyard garden serves as an idyllic spot for relaxation and can be easily tailored to suit your personal style or landscape vision. On-street parking is available near the front of the property, with breathtaking coastal walks just moments away from your door. This cottage presents not only a delightful residence but also significant renovation potential in a sought-after coastal locale—an ideal choice for those looking to invest in property with promising returns.

Investment Analysis

(TR16 area)

Above Market Value

This property is priced +24.1% above area average per sq ft

+24.1%
This Property
£394/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£8,000 - £15,000
Target Value
£221,599
10% above area average per sq ft
Potential ROI
-16.4%
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

Harbour Terrace, Portreath, Redruth, Cornwall, 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
£916
Based on a loan of £187,500 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