2-bedroom terraced house · TR15 1LE
Sold STCListed 58 days
Opportunity summary
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About
Cornish Miners’ Terrace Cottage – Refurbishment Project A fantastic opportunity to acquire a traditional Cornish miners’ terrace cottage, offering excellent potential for renovation and improvement.
Priced at just £125,000 and understood to be mortgageable, this property could make an ideal project for a first-time buyer, investor, builder or keen diy enthusiast looking to create a superb home with genuine scope to add value.
The property does require a complete programme of refurbishment , including a new kitchen and bathroom, updating of the heating system and electrics, replacement/upgrading of windows where required and comprehensive redecoration throughout.
Once renovated, however, this could be transformed into a fantastic two-bedroom home.
Entrance Hallway Accessed via a UPVC double-glazed door, the entrance hallway has pendant lighting and provides access to the principal accommodation, with a further glazed door leading into the main living space.
Lounge/Dining Room A particularly generous open-plan lounge and dining area featuring pendant lighting, radiators and gas central heating.
A UPVC double-glazed window overlooks the front elevation, while the dining area benefits from a central gas fireplace with hearth and surround.
The room requires complete redecoration and modernisation but offers excellent proportions and plenty of potential to create a comfortable and stylish living space.
Ground-Floor Bathroom A good-sized family bathroom currently comprising a double shower, pedestal wash hand basin and WC.
The room has tiled walls extending from floor to ceiling, vinyl flooring and an obscured UPVC double-glazed window overlooking the rear elevation.
The bathroom would benefit from complete modernisation.
Kitchen The kitchen currently comprises a range of wall and base units, inset sink, radiator, vinyl flooring and wood-panelled walls, together with strip lighting and a UPVC double-glazed window overlooking the rear garden.
A UPVC double-glazed door provides direct access to the outside. The kitchen requires replacement and offers considerable scope for the installation of a modern fitted kitchen.
Rear Garden The rear garden is predominantly hard standing and provides a low-maintenance outdoor space. There is a block-built storage shed and useful rear access via a lane.
Steps lead through the garden, which is currently laid predominantly to concrete, providing excellent potential for landscaping and creating an attractive courtyard-style garden.
First Floor Principal Bedroom A spacious double bedroom positioned to the front of the property, benefiting from two UPVC double-glazed windows, pendant lighting, radiator and electrical points.
The room offers excellent proportions and would lend itself well to modernisation.
Bedroom Two A further good-sized double bedroom overlooking the rear garden, with UPVC double-glazed window, radiator, pendant lighting and a built-in wardrobe.
The Opportunity This is very much a project property , requiring a full refurbishment throughout, including the kitchen, bathroom, heating, electrics and decoration.
However, with a purchase price of only £125,000 , it represents an exciting opportunity for someone prepared to undertake the work.
Once refurbished, this traditional Cornish cottage could make a superb first home, rental investment or resale project.
Properties offering this level of potential at this price point are increasingly difficult to find. agents note: EPC and Floor plan have been commissioned once completed, will be uploaded.
EPC Rating: E Disclaimer Disclaimer: Details are provided as a general guide and do not form part of any offer or contract.
Descriptions, measurements, and property condition are given in good faith but should not be relied upon as fact. Buyers must verify all information independently.
Neither agent nor seller is liable for errors or omissions. Floor plans and photos are illustrative only and may not reflect current conditions.
Agents may receive referral fees from third-party services, which do not affect service cost or quality.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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About 42 Bellevue, Redruth
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