Worst House on the Street Logo
Gilly Fields, Redruth - Image 1
Gilly Fields, Redruth - Image 2
Gilly Fields, Redruth - Image 3
Gilly Fields, Redruth - Image 4
Gilly Fields, Redruth - Image 5
Gilly Fields, Redruth - Image 6
Gilly Fields, Redruth - Image 7
Gilly Fields, Redruth - Image 8
Gilly Fields, Redruth - Image 9
Gilly Fields, Redruth - Image 10
Gilly Fields, Redruth - Image 11
Gilly Fields, Redruth - Image 12
Gilly Fields, Redruth - Image 13
Gilly Fields, Redruth - Image 14
Gilly Fields, Redruth - Image 15
Gilly Fields, Redruth - Image 16
Gilly Fields, Redruth - Image 17
Gilly Fields, Redruth - Image 18
Gilly Fields, Redruth - Image 19
Gilly Fields, Redruth - Image 20
Gilly Fields, Redruth - Image 21
Gilly Fields, Redruth - Image 22
Gilly Fields, Redruth - Image 23
Gilly Fields, Redruth - Image 24
Gilly Fields, Redruth - Image 25

Gilly Fields, Redruth

South West

£279,950
Listed on 12/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1404 sqft

Description

This detached dormer bungalow offers a prime opportunity for renovation in a desirable residential area, set on a substantial plot with attractive gardens. Currently configured as a three-bedroom home, it features a spacious lounge that flows into a separate dining room, an adequately sized kitchen with utility space, and a convenient ground floor bedroom along with two additional bedrooms upstairs. The property is double-glazed and has gas heating, but it is in need of modernisation to truly unlock its potential. The first floor bedrooms provide nice views while the family bathroom remains functional but could benefit from updating. Outside, the enclosed gardens are well-established and complemented by driveway parking for three vehicles and a single garage, presenting ample scope for enhancement. Located within easy walking distance to local amenities in Redruth and close proximity to scenic countryside walks and beaches, this property is ideal for those looking to create their dream family home in an attractive setting. With no onward chain, it’s perfect for buyers ready to invest in improvements that can elevate both comfort and value.

Investment Analysis

(TR15 area)

Below Market Value

This property is priced -26.8% below area average per sq ft

-26.8%
Potential saving
This Property
£199/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
£420,926
10% above area average per sq ft
Potential ROI
+33.6%
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

Gilly Fields, Redruth
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,010
Based on a loan of £209,962 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Finance for Buy-to-Let, Bridging & Development