3-bedroom terraced house · TR15 2FB
For saleListed 2 days
Opportunity summary
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About
A modern three-bedroom terraced home offered at a discounted price of £220,255 under a Section 106 agreement.
The property benefits from an open-plan kitchen/living room, an enclosed south-facing garden and allocated parking, providing an excellent opportunity for eligible purchasers.
The Property The entrance hallway provides access to the ground-floor accommodation, cloakroom and staircase to the first floor.
The open-plan kitchen/living room features a fitted kitchen with a breakfast bar and a separate living area. Double doors at the rear open directly onto the enclosed garden.
The first-floor landing provides access to two double bedrooms, a smaller third bedroom and the family bathroom.
The enclosed south-facing rear garden comprises a paved patio, an area of lawn and flower borders.
A useful garden shed provides additional storage, while a rear gate gives access to the allocated parking space.
Section 106 Agreement The property is available at a Council-approved price of £220,255, representing 89.9% of its full market value.
The sale is subject to a Section 106 agreement, and prospective purchasers should enquire about the applicable eligibility criteria and conditions of sale.
Eligibility Criteria We give preference to those with a local connection to Redruth however we can also consider those with a Cornwall connection if no applicants with the town connection come forward after a period of 2 weeks from advertising • 3 years + residency OR • 3 years + permanent employment 16 hours + per week OR • Permanent residency for 10 out of the first 16 years of life OR • Close family connection where that family member has lived for 5 + years (Mum/Dad/Son/Daughter/Brother/Sister) where there is independent evidence that the family member is in need of or can give support for the foreseeable future or on an ongoing basis OR • Born in the area In addition the applicant will need to: • Be in Housing Need – i.e.
living with family/renting and otherwise unable to afford a home on the open market • Have a maximum household income of £80,000 • Have a minimum 10% deposit (or 5% with relevant AIP) • Have a recent AIP from a s.106 lender (truncated) Material Information Tenure: Freehold Council Tax: Band B with Cornwall Council Services: Mains Gas, Electric, Water & Drainage Heating: Gas Central Heating System Parking: Allocated Annual Maintenance Charge: £176.24 a year for maintenance and upkeep of communal areas within the estate Rights and Restrictions: Call office Mining: Metalliferous mine search required What3Words: ///lightly.hotel.swallower
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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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
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FAQ
About Wilkinson Gardens, Sandy Lane, Redruth, Cornwall
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