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Gilly Fields, Redruth, Cornwall, TR15

South West

£230,000
Listed on 30/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
860 sqft

Description

This charming two-bedroom detached bungalow is positioned in a desirable cul-de-sac on the outskirts of Redruth Town Centre, offering a unique opportunity for renovation and investment. The home features spacious interiors with an entrance hall leading to a light-filled lounge complete with a gas fireplace. The separate kitchen/dining area is equipped with ample cabinetry and appliances, providing a great base to create a modern dining space. Adjacent to the kitchen is a sun room that doubles as a utility area, which could be optimized further for functionality. Both double bedrooms are generously sized, while the shower room contains essential fixtures but would benefit from modernization. Outdoors, the property boasts an enclosed rear garden that includes two storage sheds and a workshop, alongside off-road parking and garage access at the front. With double glazing and gas central heating already in place, this bungalow presents an excellent canvas for those looking to invest time into updating its interior and enhancing its appeal.

Investment Analysis

(TR15 area)

Below Market Value

This property is priced -1.6% below area average per sq ft

-1.6%
Potential saving
This Property
£267/sq ft
Area Average
£272/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£257,170
10% above area average per sq ft
Potential ROI
-3.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (TR15)

Area prices are falling by +2.6% over the last 12 months
3 year growth: -1.4%
5 year growth: 19.6%
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 Fields, Redruth, Cornwall, TR15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£830
Based on a loan of £172,500 over 30 years at 4.06% 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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