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Drump Road, Redruth, Cornwall

South West

£115,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1096 sqft

Description

This three-bedroom semi-detached home presents a significant opportunity for renovation and investment. While it requires updates, the property boasts flexible living spaces that could be tailored to modern preferences. Upon entry, you are greeted by a hallway leading to a variety of ground floor rooms. The spacious lounge offers ample natural light and a comfortable area for relaxation. Adjacent to this, the kitchen/diner provides a versatile setting ideal for family meals or entertaining guests. The bathroom is also conveniently located on this level. Moving upstairs, the first-floor landing connects to three bedrooms, each with potential for enhancement. The largest bedroom offers generous dimensions, while the other two provide good space for various uses, such as children's rooms or home offices. For those interested in practical amenities, the property includes a garage, workshop, and additional storage shed—each offering further potential for conversion or use as functional spaces. The outdoor area features a rear courtyard garden with steps leading to a raised lawn, providing scope for landscaping and outdoor living enhancements. This property is strategically positioned to benefit from local amenities and transport links, making it an attractive proposition for both homeowners and investors alike. It's important to note that the property is being sold with specific conditions—a detailed mining investigation indicates that structural works are needed due to backfill beneath the building. Given these factors combined with its location and potential to create value through renovation, this home represents an interesting project for cash buyers willing to invest in improvements.

Investment Analysis

(TR15 area)

Below Market Value

This property is priced -61.8% below area average per sq ft

-61.8%
Potential saving
This Property
£105/sq ft
Area Average
£274/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£330,756
10% above area average per sq ft
Potential ROI
+100.5%
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

Drump Road, Redruth, Cornwall
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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
£421
Based on a loan of £86,250 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