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Gilly Fields, Redruth TR15

South West

£279,950
Listed on 20/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1404 sqft

Description

This detached dormer bungalow is nestled in a desirable residential area and occupies a substantial plot, providing an excellent opportunity for renovation and investment. Although the property is functional, it requires modernisation to enhance its living space. The layout features a spacious lounge that flows into an interconnecting dining room, both of which boast an abundance of natural light thanks to their dual-aspect windows. The kitchen is serviceable yet could benefit from updating alongside the utility room and ground floor cloakroom. There are three bedrooms distributed between two floors, with the ground floor accommodating one bedroom and two additional bedrooms upstairs — one offering sweeping views towards Carn Marth and the North Cornish coast. The first-floor family bathroom is also in need of refurbishment. Externally, the property benefits from well-maintained gardens that can be revitalised, alongside ample driveway parking for three vehicles leading to a single garage. With no onward chain, this bungalow presents itself as an ideal project for those looking to create a family home in a sought-after location within walking distance to local amenities and green spaces. Additionally, easy access to transport options enhances its appeal for future buyers or renters post-renovation.

Investment Analysis

(TR15 area)

Below Market Value

This property is priced -26.8% below area average per sq ft

-26.8%
Potential saving
This Property
£199/sq ft
Area Average
£273/sq ft
Avg Rent (weekly)
£226
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£420,926
10% above area average per sq ft
Potential ROI
+31.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (TR15)

Area prices are stable by -1.6% over the last 12 months
3 year growth: +0.4%
5 year growth: +20.9%
Investment Disclaimer: Analysis based on TR15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Gilly Fields, Redruth TR15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,010
Based on a loan of £209,962 over 30 years at 4.06% 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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