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Park Road, Redruth, Cornwall TR15

South West

£349,950
Listed on 01/09/2025

Property Details

Bedrooms
5
Type
Semi-detached house
Area
1625 sqft

Description

This semi-detached period property presents a unique opportunity for renovation and investment, featuring five bedrooms and a layout that invites creative updates. With no onward chain, this home is ready for its next chapter, offering a blend of space and potential in a desirable location. The interior showcases several attractive period details alongside areas that would benefit from modernization. The lounge features a charming bay window, while the second reception room offers versatile options for dining or additional living space. The kitchen, though functional, is ripe for refurbishment to meet contemporary standards, with access to a practical utility room. A notable highlight is the rear extension, which includes a shower room and an adaptable fifth bedroom or sunroom—ideal for conversion into a self-contained annexe, subject to necessary permissions. Upstairs, the property boasts an inviting landing that leads to four well-proportioned bedrooms and a family bathroom. Gas central heating and double glazing are already in place, providing comfort while you plan your renovations. Outside, the rear garden offers an enclosed space primarily laid to lawn—perfect for landscaping or garden projects—and includes off-street parking with garage access. Additionally, there’s convenient rear access via a lane for further parking options. Situated within easy walking distance of Redruth town center and its mainline train station, the property enjoys excellent proximity to local amenities such as schools, healthcare facilities, and shopping centers. The nearby A30 link road enhances accessibility to surrounding areas. This combination of features makes it not only an appealing home but also an attractive investment prospect with significant potential for value enhancement through thoughtful updates.

Investment Analysis

(TR15 area)

Below Market Value

This property is priced -22.4% below area average per sq ft

-22.4%
Potential saving
This Property
£215/sq ft
Area Average
£278/sq ft

Renovation Potential

Est. Renovation Cost
£34,995 - £87,488
10-25% of property value
Target Value
£496,299
10% above area average per sq ft
Potential ROI
+13.5%
After renovation
Monthly Sales
19
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (TR15)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 5.9%
5 year growth: 30.4%
Investment Disclaimer: Analysis based on TR15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Park Road, Redruth, Cornwall TR15
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