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Tolgus Lane, Lower Broad Lane, Redruth, Cornwall, TR15

South West

£180,000Guide Price

Listed on 17/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
1782 sqft

Description

This generously proportioned semi-detached home spans three floors and presents a significant prospect for buyers looking to invest in a property primed for modernization. The ground floor features an entrance hall that leads into a spacious lounge, a separate dining area, and a kitchen, along with a convenient ground-floor bedroom and shower room, complete with an adjoining utility space. This layout lends itself well to multi-generational living or could accommodate guests comfortably. On the first floor, you'll find two sizeable bedrooms alongside a family bathroom, while the second floor boasts a spacious loft room previously utilized as a fourth bedroom, perfect for expanding families or those needing additional office or hobby space. Outside, the enclosed garden provides ample options for outdoor relaxation and entertainment. A garage adds practical parking and storage solutions. Although the property requires an updating programme to reach its full potential, it offers an excellent opportunity to transform it into a substantial family residence within the desirable village of Illogan, conveniently located near local amenities and transport links. Offered at auction, this property invites interested buyers to envisage the possibilities for creating their ideal home.

Investment analysis

(TR15 area)

Below Market Value

This property is priced -63.6% below area average per sq ft

-63.6%
Potential saving
This Property
£101/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£250
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£543,563
10% above area average per sq ft
Potential ROI
+147.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Tolgus Lane, Lower Broad Lane, Redruth, Cornwall, 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
£680
Based on a loan of £135,000 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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