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Raymond Road, Redruth

South West

£140,000
Listed on 20/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
484 sqft

Description

This townhouse presents a significant opportunity for investors and renovators, featuring a sizeable garden and a detached garage. While the property has seen some updates, it requires substantial structural repairs, particularly due to movement detected in the rear extension as per a recent survey. As it stands, this house is currently unmortgageable and will necessitate cash buyers or those willing to undertake comprehensive renovations. The home is well-located within walking distance of the town centre and local amenities, including public transport options, making it ideal for future occupants once restored. With vacant possession available, prospective buyers can envision transforming this character-filled residence into a modern family home with notable potential for appreciation in value post-renovation.

Investment Analysis

(TR15 area)

Above Market Value

This property is priced +6.3% above area average per sq ft

+6.3%
This Property
£289/sq ft
Area Average
£272/sq ft
Avg Rent (weekly)
£243
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£144,893
10% above area average per sq ft
Potential ROI
-23.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TR15)

Area prices are stable by -1.4% over the last 12 months
3 year growth: +1.0%
5 year growth: +21.1%
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

Raymond Road, Redruth
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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
£496
Based on a loan of £105,000 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.

Stamp Duty Calculator

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