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St. Day Road, Redruth

South West

£73,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
819 sqft

Description

This two-bedroom detached house presents a unique opportunity for renovation and investment in a sought-after residential area near the town center. Set over two stories, the property is primed for modernization, making it an appealing prospect for both potential homeowners and investors looking to add to their portfolio. The ground floor features a kitchen/breakfast room and a living room that can be reconfigured to enhance natural light and optimize space. Upstairs, you’ll find a landing that leads to two bedrooms, along with a bathroom/WC ready for updating. The layout provides flexibility for creating more functional living spaces tailored to contemporary tastes. Externally, there is a small courtyard at the rear of the property, which could be transformed into an inviting outdoor retreat or additional storage space. This area offers potential for landscaping or even minor structural alterations depending on local planning regulations. With its location in a popular residential neighborhood known for strong rental demand, this property stands out as an excellent investment opportunity. It is ideally situated just moments from local amenities and public transport links, enhancing its appeal for future tenants or buyers. The house comes with freehold tenure and will be vacant upon completion of sale once current tenants vacate. The current energy performance certificate (EPC) rating is D, indicating that there may be opportunities to improve energy efficiency through renovations. Overall, this property’s combination of solid structure and ideal location makes it ripe for transformation into a modern home or lucrative rental unit. Prospective buyers are encouraged to explore its full potential through viewing appointments available upon request.

Investment Analysis

(TR15 area)

Below Market Value

This property is priced -67.5% below area average per sq ft

-67.5%
Potential saving
This Property
£89/sq ft
Area Average
£274/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£247,162
10% above area average per sq ft
Potential ROI
+140.0%
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

St. Day Road, 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
£267
Based on a loan of £54,750 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