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Wheal Rose, Scorrier, Redruth

South West

£595,000
Listed on 12/03/2026

Property Details

Bedrooms
4
Type
Detached house

Description

This detached bungalow, set on an expansive plot of approximately 1.1 acres, represents a unique opportunity for renovation or investment in the desirable area of Wheal Rose. Having been held within the same family since its construction over 70 years ago, this property boasts a spacious layout with great potential for modernization and enhancement. The accommodation currently features three bedrooms, with the possibility to convert a versatile snooker/hobby room into a fourth bedroom or additional living space, depending on your needs. The grounds include mature gardens, ideal for landscaping enthusiasts, alongside a small paddock that provides added amenity and potential for recreational use or small-scale farming activities. Additionally, a static caravan on site could be repurposed or developed further, subject to planning permissions. While the property has been lovingly maintained over the years, new owners may wish to refresh the interiors to suit contemporary tastes or take advantage of the generous dimensions for an extension project (subject to necessary consents). Situated in a semi-rural locale yet conveniently close to transport links and local amenities, this bungalow not only presents a comfortable living space but also significant investment potential in an attractive part of Cornwall.

Investment Analysis

(TR16 area)
Area Average
£317/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (TR16)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -11.2%
5 year growth: +17.6%
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

Wheal Rose, Scorrier, Redruth
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,146
Based on a loan of £446,250 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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