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Penhale Estate, Redruth, Cornwall, TR15

South West

£259,000
Listed on 04/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1632 sqft

Description

This semi-detached bungalow presents a promising opportunity for renovation and potential investment, set on a generous corner plot in a sought-after cul-de-sac on the outskirts of Redruth. The property features three bedrooms and offers spacious living areas, including a welcoming entrance porch, hallway, and a large lounge that invites natural light. The kitchen/breakfast room is equipped with an ample selection of floor-standing and wall-mounted units alongside spaces for essential appliances, creating a functional area ready for modern updates. There is also an en-suite master bedroom plus two additional bedrooms and a contemporary shower room. The exterior boasts significant garden space at both the side and rear, providing excellent scope for landscaping or outdoor enhancements. Additionally, off-road parking is available for multiple vehicles along with garage access. This bungalow's layout and sizeable grounds allow for various renovation possibilities to enhance its appeal further to future buyers or renters. Given the absence of onward chain, this property provides an attractive prospect for those ready to invest in improvements while benefiting from its desirable location close to local amenities and transport links.

Investment Analysis

(TR15 area)

Below Market Value

This property is priced -41.8% below area average per sq ft

-41.8%
Potential saving
This Property
£159/sq ft
Area Average
£273/sq ft
Avg Rent (weekly)
£226
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£489,282
10% above area average per sq ft
Potential ROI
+66.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (TR15)

Area prices are stable by -1.6% over the last 12 months
3 year growth: +0.4%
5 year growth: +20.9%
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

Penhale Estate, 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
£934
Based on a loan of £194,250 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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