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Lower Broad Lane, Redruth, Cornwall TR15 - Image 1
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Lower Broad Lane, Redruth, Cornwall TR15

South West

£169,950
Listed on 29/08/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
872 sqft

Description

This semi-detached cottage presents a unique opportunity for those looking to invest in a property with significant renovation potential. Set within the heart of Illogan, this home is conveniently positioned near a variety of local amenities, including schools, transport links, healthcare facilities, and dining options. The property requires modernisation throughout, allowing you to tailor the space to your personal taste and needs. It features an entrance porch leading into a functional kitchen and a comfortable lounge that opens into a sun room, providing additional living space. The upper floor boasts three bedrooms and a shower room; its design reflects a unique flying freehold that enhances the size of the upstairs layout compared to the ground floor. Externally, the cottage offers a walled rear garden predominantly laid to lawn, accompanied by useful outbuildings and a detached garage—ideal for storage or potential conversion projects. With electric night storage heaters and predominantly double-glazed windows, the property is equipped for comfort while you consider updates. This freehold property not only invites creative input but stands as a solid investment in an area with ongoing development and community growth. Whether you're looking to renovate as your next home or seeking a project with rental prospects, this cottage holds considerable promise.

Investment Analysis

(TR15 area)

Below Market Value

This property is priced -29.8% below area average per sq ft

-29.8%
Potential saving
This Property
£195/sq ft
Area Average
£278/sq ft

Renovation Potential

Est. Renovation Cost
£16,995 - £42,488
10-25% of property value
Target Value
£266,322
10% above area average per sq ft
Potential ROI
+25.4%
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

Lower Broad Lane, Redruth, Cornwall TR15
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