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Gilly Hill, Redruth

South West

£174,950
Listed on 16/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
756 sqft

Description

This end-terraced cottage presents an exciting opportunity for those looking to invest or make it their first home, with room for significant updates and modernisation. Currently configured with two bedrooms plus a versatile box room that can serve as an office or storage space, the layout includes a lounge, kitchen/diner, and a bathroom equipped with a separate shower. The property features double glazing throughout and is heated by electric night storage heaters. Outside, the good-sized enclosed rear garden offers potential for landscaping or even extension, making it a valuable asset. With no onward chain, this property is conveniently located near local amenities and public transport routes, adding to its appeal as a renovation project in this popular residential area.

Investment Analysis

(TR15 area)

Below Market Value

This property is priced -16.1% below area average per sq ft

-16.1%
Potential saving
This Property
£231/sq ft
Area Average
£276/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£229,314
10% above area average per sq ft
Potential ROI
+11.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (TR15)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -0.3%
5 year growth: 21.4%
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

Gilly Hill, 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
£641
Based on a loan of £131,212 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.

Next Steps

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