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Penberthy Road, Redruth - Image 1
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Penberthy Road, Redruth

South West

£275,000

Listed on 28/09/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
1001 sqft

Description

Located in the sought-after coastal village of Portreath, this terraced house presents an excellent opportunity for renovation and personalisation. The property features three bedrooms and a first-floor shower room, along with two reception rooms on the ground floor, a kitchen, a utility area, and a convenient WC. The home is currently partway through a renovation project, with several key improvements already made, including an extension added in 2010 and a recently replaced roof. Upon entry, you are welcomed into the lounge/living room, which boasts an open joist ceiling and a multi-fuel burner set within a charming brick fireplace. The kitchen area, while still in progress, includes some modern soft-close cupboards and a standout multi-fuel Rayburn. The dining room at the rear opens out to the garden through French doors, providing a lovely connection to the outdoors. The utility area features a Velux skylight, enhancing the space with natural light. The first floor comprises three bedrooms, with the main bedroom featuring a high arched ceiling and Velux skylights. All bedrooms are serviced by a family shower room equipped with a large walk-in shower. Outside, the property offers a well-enclosed rear garden with raised areas and a full-width garden shed, perfect for storage. This property is ideally situated just minutes from the local beach and the famous South West Coastal Path. Local amenities, including shops, cafes, and schools, are within easy reach, making this an attractive location for families and investors alike.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

60out of 100
Grade CPotential opportunity

Confidence: MEDIUM

This terraced house in Portreath presents a solid opportunity for buyers looking to create their own vision through renovation. Priced at £275,000, the property stands at £275 per square foot, which is notably below the local average of £321 per square foot, offering a compelling chance to acquire a home at a cheaper rate compared to the local market. The house is partway through renovations, with original features intact and a partially completed kitchen that provides a good starting point for further customization.

While the overall condition indicates that several areas require significant work, such as the living space and garden, these elements present a canvas for personal touches. The economics of the project are somewhat tight; combining the purchase price with renovation costs could lead to a situation where the all-in investment may not yield substantial equity gains against local benchmarks. However, the strong location near the beach and the potential for personalization could make this an appealing project for the right buyer.

Key opportunities

  • The potential for personalisation through further renovation work.
  • Existing original features that can be enhanced during the refurb.
  • A partially completed kitchen that allows for creative input.

Key risks

  • Incomplete renovations may deter some buyers.
  • The overall economics of the project appear tight against local benchmarks.

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Map

Location

Penberthy Road, Redruth
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,039
Based on a loan of £206,250 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.

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