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Alexandra Close, Illogan, Redruth, Cornwall, TR16

South West

£270,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1082 sqft

Description

This two-bedroom link-detached bungalow presents a valuable opportunity for those interested in renovation or investment. Located in a sought-after area, the property benefits from a tranquil environment while being conveniently close to local amenities and transport links. Inside, the layout offers two spacious bedrooms, providing flexibility for various living arrangements, whether for individuals or small families. The lounge is generously proportioned and filled with natural light, creating an inviting atmosphere that could be enhanced with modern finishes. The kitchen, while functional, awaits a refresh—ideal for buyers looking to redesign the space according to their preferences. The bungalow includes practical features such as a single garage and driveway parking, allowing for off-road convenience for both residents and guests. Outside, the low-maintenance patio area offers potential for outdoor enhancements or relaxation spots without extensive upkeep. With a solid structure and the groundwork laid for modernisation, this property holds significant promise for those willing to invest time and creativity into its transformation. It's an appealing prospect for anyone looking to make their mark on a home in an excellent location. Early interest is encouraged.

Investment Analysis

(TR16 area)

Below Market Value

This property is priced -21.5% below area average per sq ft

-21.5%
Potential saving
This Property
£250/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£378,186
10% above area average per sq ft
Potential ROI
+26.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR16)

Area prices are falling by +7.7% over the last 12 months
3 year growth: -15.0%
5 year growth: 15.2%
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

Alexandra Close, Illogan, Redruth, Cornwall, TR16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£989
Based on a loan of £202,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE