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Wheal Plenty, Scorrier, Redruth

South West

£750,000

Listed on 05/06/2026

Property Details

Bedrooms
6
Type
Detached
Area
1354 sqft

Description

This smallholding presents a compelling investment opportunity, featuring two separate residences set on approximately 13.65 acres of pastoral land. The property includes two three-bedroom houses that are ripe for renovation, offering the potential for modern updates while retaining their character. The farmhouse, a traditional stone and slate construction, is in need of extensive refurbishment, making it an ideal project for those looking to create a family home or rental property. The interior includes various period features such as fireplaces and unique layout options, yet requires significant work to bring it to a modern standard. Daisy's Barn, also requiring comprehensive renovation, boasts versatile space that can be transformed into an attractive living area or guest accommodation, benefiting from its scenic surroundings. Additional structures on the property include several outbuildings suited for agricultural use or storage, with ample outdoor space that could be leveraged for additional developments or landscaping. Set in a tranquil rural location with easy access to local amenities and major transport routes, this estate offers both privacy and accessibility. Given its size and features, buyers could explore options for holiday letting or multi-generational living solutions. The significant land area presents further potential for agricultural pursuits or recreational activities.

Investment Analysis

(TR16 area)

Above Market Value

This property is priced +72.7% above area average per sq ft

+72.7%
This Property
£554/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£268
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£477,800
10% above area average per sq ft
Potential ROI
-52.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR16)

Area prices are falling by -2.7% over the last 12 months
3 year growth: -6.4%
5 year growth: +15.6%
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 Plenty, Scorrier, Redruth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,833
Based on a loan of £562,500 over 30 years at 4.45% 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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