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Gilberts Coombe, Redruth, Cornwall, TR16

South West

£469,995
Listed on 30/03/2026

Property Details

Bedrooms
4
Type
Detached
Area
1616 sqft

Description

Nestled in the tranquil setting of Gilberts Coombe, this four-bedroom detached home presents an excellent opportunity for renovation and investment. Spanning approximately 2.5 acres, the property is ideal for equestrian enthusiasts or those looking to cultivate their own smallholding. The interior offers a spacious lounge with a wood-burning stove that could benefit from modern updates, while the contemporary kitchen/dining area is recently fitted, providing a solid foundation for further enhancements. The four bedrooms offer flexibility, although some may require redecoration or structural adjustments to optimize space usage. The property boasts three stables and a substantial outbuilding that hold significant potential for development into a workshop or additional living quarters, subject to planning permissions. Environmentally friendly features such as the installed solar panels and high-capacity storage battery enhance energy efficiency but could be expanded upon with further eco-friendly upgrades. With ample off-street parking and access to local amenities in Redruth nearby, this home balances seclusion with convenience, making it an appealing prospect for both residential comfort and investment growth.

Investment Analysis

(TR16 area)

Below Market Value

This property is priced -9.0% below area average per sq ft

-9.0%
Potential saving
This Property
£291/sq ft
Area Average
£320/sq ft
Avg Rent (weekly)
£245
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£567,943
10% above area average per sq ft
Potential ROI
+3.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR16)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -9.7%
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

Gilberts Coombe, Redruth, Cornwall, TR16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,665
Based on a loan of £352,496 over 30 years at 3.91% 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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