1-bedroom flat · TR15 2ED
Listing removedReduced £15k (−10%) on 2 SepListed 66 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A glorious, one-bedroom, ground-floor residence forming part of the Grade II listed Pednandrea House, dating from 1836 and set in approximately one acre of established grounds within an exclusive gated private estate.
Property Description A glorious, one-bedroom, ground-floor residence forming part of the Grade II listed Pednandrea House, dating from 1836 and set in approximately one acre of established grounds within an exclusive gated private estate.
Recently comprehensively redecorated and refurbished to an exceptionally high standard, the property forms part of a distinguished period residence, retaining a remarkable wealth of original architectural character, including impressive 3.6-metre-high ceilings, fireplaces, decorative cornicing and mouldings, traditional radiators and magnificent, original floor-to-ceiling sash windows.
Carefully preserved through more than 20 years of our stewardship, the historic character of Pednandrea House remains fundamental to its appeal.
An abundance of natural sunlight pours through the exceptional sash windows, giving the accommodation a wonderful sense of proportion and creating an atmosphere of space, light, air and, above all, calm throughout.” Location Set in a wonderful location, one enters the small estate via formal gates into a calm and quiet parkland setting with formal gardens.
There is allocated parking space and visitor parking. There are also lovely views out towards to Carn Brea monument and distant views towards St Ives.
Reduth town centre is a short walk away with a large range of local shops and also the mainline railway on the Penzance /London Paddington line.
The Accommodation Comprises All dimensions are approximate and are measured via lidar Communal Entrance Hall One enters the property via an impressive entrance and a wide front door leading into the entrance hall with decorative and detailed cornicing, leading to the front door to the flat.
Entrance Hall With stripped wood flooring, wall-mounted electric heater, panelled door leading into Drawing Room/Dining Room A stunning and well-proportioned reception room with an original and impressive polished marble fireplace, tiled hearth and tiled inlay, stripped wood flooring, huge floor-to-ceiling sash window with a wonderful aspect over the formal garden and out towards Carn Brea and St Ives in the distance, side window, original radiator ( feature only), wall-mounted electric room heater, ample power points and TV aerial point.
Kitchen With a range of base units, built-in fridge/freezer, dishwasher, electric oven and four-ring hob with extractor hood over.
Various cupboards and round-edged marble-effect, inset stainless steel sink unit with mixer taps, deep windowsill and uPVC glazed window to side aspect, worktops, tiled splashback, various wall units, ample power points.
Bedroom A double bedroom with stripped wood flooring, built-in double wardrobe, wall-mounted electric room heater, sash window to rear aspect, ample power points.
Bathroom With tiled walls, panelled bath with shower screen and shower over, wash basin with mixer taps, inset on a vanity unit with cupboards below, mirror over with inset spotlights over, close-coupled WC with concealed cistern, wall-mounted electric ladder-style towel heater, extractor fan.
Outside The tranquil grounds are approximately an acre in all, with formal communal gardens to front and side and parking to the front. Services Main water, electricity, drainage.
Council Tax band 'A'. Lease details: There is a brand new 999 year lease being prepared with the present owner and business partner will be acting as managing agents under hegia management company.
Details to follow asap Parking There is one allocated parking space with this apartment and there are visiting spaces .
Directions From Redruth railway station, turn left and then take the next left into Bond Street, passing beneath the railway bridge.
Take the next left into Basset Street and continue to the top, where the private gated entrance to the Pednandrea House grounds will be almost directly ahead.
Proceed through the entrance into the estate and towards Sea View Terrace.
Material Information Verified Material Information Costs and tenure Tenure: Leasehold Council tax band: A EPC rating: D The building Semi-detached flat, standard construction 1 bedroom, 1 bathroom, 1 reception Accessibility adaptations: None Services Mains electricity Mains water Mains foul drainage Mains surface water drainage Heating: None Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 good, Vodafone good, Three good, EE good Parking: Allocated Not in a controlled parking zone No disabled parking available Risks and restrictions Grade II Listed Built 1836 Not in a conservation area No tree preservation order Title register restrictions (CL144997): - The property does not have any legal rights to receive light or air across the land immediately to the east.
This means the owner cannot legally prevent the neighbour to the east from building something that might block their light or airflow. - The owner does not own the mines and minerals under the land.
The person who owns them has the right to extract them through underground workings, provided they cause as little damage as possible and pay compensation for any actual damage caused.
- The property is subject to certain legal responsibilities (easements) created when a portion of the land was sold in 2010, as detailed in the Transfer document from that year.
Non-coal mining area: Yes All information is provided without warranty. Contains hm Land Registry data © Crown copyright and database right 2021.
This data is licensed under the Open Government Licence v3.0. The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: Builder, plumber, electrician, damp, and timber expert.
Value & comps
No previous sales on record.
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 asking
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
FAQ
About 2, Pednandrea Apartment, Reduth
Explore nearby