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Harbour Terrace, Portreath, Redruth, Cornwall TR16 - Image 1
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Harbour Terrace, Portreath, Redruth, Cornwall TR16

South West

£260,000
Listed on 02/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
634 sqft

Description

This charming two-bedroom terraced cottage offers a blend of traditional character and significant renovation potential, making it an ideal opportunity for both buyers looking to establish their home and investors aiming to expand their portfolio. Located in the picturesque coastal village of Portreath, the property boasts direct views of the sea, enhancing its appeal as a future primary residence or rental investment. The cottage features a well-proportioned layout that includes a living room with an eye-catching exposed stone fireplace, adding a touch of rustic charm. The kitchen leads to a conservatory at the rear, providing an inviting space that connects seamlessly with the courtyard garden. Both bedrooms enjoy scenic sea views, presenting opportunities for refreshing updates or enhancements that could maximize their appeal. A spacious family bathroom is situated upstairs alongside a cleverly designed landing space, which includes loft access—partly boarded and equipped with lighting—offering additional storage possibilities that could be further developed. Natural light flows generously through large windows in each room, creating an airy atmosphere throughout the home while still retaining its cozy cottage essence. The enclosed courtyard garden at the rear not only serves as a tranquil outdoor retreat but also presents options for landscaping or patio enhancements to increase outdoor usability. Parking is available on-street nearby, and residents can take advantage of Portreath’s local amenities, which include shops, pubs, and schools. Additionally, public transport links provide easy access to nearby Redruth, complete with bus and railway stations. With stunning coastal walks right at your doorstep and potential for modernization within the property itself, this cottage stands as a promising investment opportunity in an enchanting location.

Investment Analysis

(TR16 area)

Above Market Value

This property is priced +25.5% above area average per sq ft

+25.5%
This Property
£410/sq ft
Area Average
£327/sq ft
Avg Rent (weekly)
£302
Avg Yield
4.3%

Renovation Potential

Est. Renovation Cost
£26,000 - £65,000
10-25% of property value
Target Value
£227,806
10% above area average per sq ft
Potential ROI
-29.9%
After renovation
Monthly Sales
11
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TR16)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -2.1%
5 year growth: 31.1%
Investment Disclaimer: Analysis based on TR16 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

Harbour Terrace, Portreath, Redruth, Cornwall TR16
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