We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · TR15 2HD
Listing removedReduced £20k (−14.3%) on 16 SepListed 190 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An appealing townhouse, requiring structural repair, featuring a generous garden, detached garage and vacant possession.
The Property A characterful family home that has benefitted from some updating but is in need of structural repair, following a survey that highlighted movement in the extension to the rear of the property.
For this reason, the property is considered to be unmortageable. Property Information EPC C Council Tax Band: A Services Mains electricity, gas, water and drainage are connected to the property.
None of these services have been tested and therefore no guarantees can be given. Interested parties are advised to make their own enquiries to the relevant service providers.
Wayleaves, Easements & Rights of Way The sale will be subject to and with the benefit of all wayleaves, easements and rights of way as may exist.
Particulars & Plan Whilst every care is taken in the preparation of these particulars, their accuracy is not guaranteed and they do not constitute any part of an offer or contract.
Any intending purchaser/s must satisfy themselves by inspection or otherwise as to the correctness of these particulars.
Location The property is conveniently situated within a short walk of the town centre, away from main roads.
The railway station is within a few minutes walk, along with bus services that connect with Truro and Falmouth.
Redruth has a wide range of shopping, schooling and health facilities, and is located just off the A30, making it an ideal location for regular commuting.
Viewing & Directions Strictly by appointment with the sole selling agent Lodge & Thomas Tel: Email: Directions: From the railway station in the centre of Redruth, proceed down the hill and follow the road around to the left, under the bridge and into Bond Street.
Take the second left into Heanton Terrace and at the top of the road continue straight forward onto Raymond Road.
The property for sale will be found a short way further along on the left hand side identified by a Lodge & Thomas for sale board.
What3words///removals.thinkers.ants General Conditions of Sale Our online Auction partners are Bamboo Auctions - special condition of sale The buyer will be required to reimburse the sellers the cost of the Auction Pack.
Method of sale The property will be offered for sale by Online Traditional Auction. The Vendor reserves the right to withdraw or alter the property prior to the auction end date.
The bidding page will be found on the Lodge & Thomas website under ‘Sales' - ‘Online Property Auctions'.
Auction legal pack and special conditions of sale This will be available to download from our auction partners' website free of charge to those who have registered.
It is the Purchaser's responsibility to make all necessary enquiries prior to the auction and we strongly recommend purchasers instruct a solicitor to assist.
It will be the purchasers' responsibility to reimburse the vendors costs for the provision of the Legal Pack on sale. Completion date Normally up to 28 days or sooner following exchange of contracts.
Buyer's and administrative fees It is free to register to bid. The Purchaser(s) will be required to pay £4,000 on ‘the drop of the hammer'.
This Buyer's fee is inclusive of VAT and is retained by Lodge & Thomas/Bamboo Auctions as a contribution toward the online platform costs.
The purchaser will be required to pay the 10% contract deposit monies within 24 hours of the auction via their solicitor to the Vendors solicitor.
Definition of auction guide and reserve price Guide price(s) is an indication of the Seller's expectations. Reserve price(s) is a figure below which the auctioneer cannot sell the lot at auction.
We expect the reserve will be set within the guide range. Guide prices and Reserve prices may change at any time prior to the auction.
Anti-money laundering act 2007 Under current Money Laundering Regulations 2007 it is a legal requirement for Estate Agents and Solicitors to perform due diligence checks to any person that intends to bid at auction.
There will be a requirement for all bidders to register via the online sale site and complete the id checks. There is no charge for registration.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 18, Raymond Road, Redruth
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