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Higher West Tolgus, Redruth, TR15

South West

£355,000

Listed on 02/07/2026

Property details

Bedrooms
2
Type
Detached Bungalow
Area
1827 sqft

Description

This detached bungalow presents an exciting renovation opportunity, positioned on a spacious plot in a tranquil semi-rural area. The property boasts gated driveway parking, a sizable rear garden, and a detached garage that is ripe for transformation. With existing utility and shower room facilities installed in the garage, alongside its own heating system and insulated structure, the potential for conversion into additional living space is significant. Furthermore, the possibility of extending or redeveloping the site offers scope for one large replacement home or creating a new plot within part of the expansive garden (subject to planning permission). Local development trends indicate that such expansions are feasible in this desirable locale, making it an attractive investment prospect.

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Investment analysis

(TR15 area)

Below Market Value

This property is priced -29.9% below area average per sq ft

-29.9%
Potential saving
This Property
£194/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£250
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£557,290
10% above area average per sq ft
Potential ROI
+34.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (TR15)

Area prices are rising by +4.9% over the last 12 months
3 year growth: +3.6%
5 year growth: +22.3%
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

Higher West Tolgus, Redruth, TR15
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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
£1,341
Based on a loan of £266,250 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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