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Chapel Street, Redruth- Online auction 5th November - Image 1
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Chapel Street, Redruth- Online auction 5th November

South West

£48,000Guide Price

Listed on 17/10/2026

The listing

Property details

Bedrooms
2
Type
Apartment

Description

Offered at online auction on 5 November 2026, this two-bedroom ground-floor flat occupies part of a former Grade II listed chapel in Redruth town centre. The accommodation comprises an entrance hall, shower room and an open-plan kitchen, dining and living area. The listing describes the flat as requiring modernisation and notes that it has gas central heating and a new 999-year lease. Holiday letting is not permitted under the lease, and service and maintenance charges should be checked in the legal pack. The open-plan room has fitted units along two sides, with space for a washing machine and oven. Both bedrooms have large windows with secondary glazing, while the shower room includes a WC and wash basin. The agent states that rental income in the region of £850 per month may be achievable; this is an estimate and should be independently assessed. The property is within reach of Redruth railway station, town-centre amenities and the A30. Truro, Falmouth and the north coast are also accessible by road. The building contains 19 flats over two levels, with communal entrances. The sale is subject to the auction terms and the details in the legal pack.

WHOTS analysis

Our WHOTS verdict

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

44out of 100
Grade ELow opportunity

Confidence: LOW

At £48,000, this ground-floor two-bedroom flat in a former Grade II listed chapel has a distinctive stone frontage and a usable, uncluttered open-plan living space. The interior offers a clear medium-scale improvement project: worn flooring and marked lower surfaces can be addressed, and the tired shower room and basic kitchen provide scope to refresh the finish. The renovation range is £12,000–£28,000.

The overall score is 44/100 (E, Low Opportunity), with the limited condition score holding back the result. Floor area is missing, so value against local £/sqf cannot yet be judged; the available figures also do not establish residual value after the works. The central Redruth location and level ground-floor accommodation remain useful features.

Key opportunities

  • Refresh the tired shower room and basic fitted kitchen as part of a targeted interior update.
  • Replace worn flooring and redecorate marked lower-wall and skirting areas to lift the overall finish.
  • Make the most of the distinctive stone frontage, open-plan living space and ground-floor position in a central Redruth setting.

Key risks

  • Marks or possible staining around lower walls and skirtings should be inspected to establish their cause and whether any remedial work is needed.
  • Floor area is unavailable, so value against local £/sqf and the post-renovation residual cannot yet be assessed.

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Map

Location

Chapel Street, Redruth- Online auction 5th November
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Transport

Nearest stations

  • Redruth Rail Station

    0.2 miles

    Train · Redruth

  • Camborne Rail Station

    3.4 miles

    Train · Camborne

  • Perranwell Rail Station

    5.4 miles

    Train · Perranwell Station

  • Penryn Rail Station

    6.8 miles

    Train · Penryn

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

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
£181
Based on a loan of £36,000 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.

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