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Ballard Estate, Four Lanes, Redruth

South West

£150,000
Listed on 12/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
646 sqft

Description

This modern terraced house presents a promising opportunity for both first-time buyers and investors alike. With two bedrooms, a family bathroom, and a spacious lounge that flows into a kitchen/diner, the home is primed for customization to suit personal tastes. The property features double glazing throughout and is equipped with efficient electric heating. Outside, potential owners will appreciate the gardens at both the front and rear, alongside the convenience of an allocated parking space in a nearby garage block. Located in Four Lanes village, residents will benefit from local amenities including a post office, public houses, a primary school, and public transport links to Redruth and Helston. While the property is currently ready for updating, its pricing reflects this condition and offers room for value enhancement through renovation.

Investment Analysis

(TR16 area)

Below Market Value

This property is priced -26.9% below area average per sq ft

-26.9%
Potential saving
This Property
£232/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£225,793
10% above area average per sq ft
Potential ROI
+32.8%
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

Ballard Estate, Four Lanes, 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
£549
Based on a loan of £112,500 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE