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Spar Lane, Illogan, Redruth, Cornwall, TR15

South West

£250,000
Listed on 10/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
909 sqft

Description

Nestled in a tranquil area off Spar Lane, this two-bedroom bungalow presents a unique opportunity for renovation and investment. With its single-level layout, the property holds great potential for those looking to customize a home or create additional living space. Its location strikes a balance between peaceful rural charm and convenient access to the local amenities of Illogan village, as well as quick connections to the A30. Upon entering, you are greeted by a spacious porch that leads directly into the kitchen, which features ample storage and enough room for a family dining table. Adjacent to the kitchen, a sizable utility room and bathroom provide essential functionality, with the latter equipped with both a separate bath and shower cubicle. The layout flows seamlessly from the dining room into the living area and bedrooms. Notably, the dining room offers picturesque views overlooking the fields behind the house where wildlife can often be spotted. This property not only caters to those seeking low-maintenance living but also appeals to investors looking for potential value enhancement. The surrounding neighborhood is characterized by its semi-rural feel, providing easy access to local walking trails and the scenic North Cornwall coast. The outdoor space is particularly noteworthy; featuring sweeping countryside views from the rear and an established garden at the front, complete with various outbuildings ideal for gardening enthusiasts or extra storage needs. A car port provides off-road parking through large gates, adding practicality to this inviting residence. With thoughtful updates and renovations, this bungalow could transform into a highly desirable home in an enviable location.

Investment Analysis

(TR15 area)

Below Market Value

This property is priced -0.3% below area average per sq ft

-0.3%
Potential saving
This Property
£275/sq ft
Area Average
£276/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£275,722
10% above area average per sq ft
Potential ROI
+2.1%
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

Spar Lane, Illogan, Redruth, Cornwall, TR15
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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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