2-bedroom terraced house · TR16 5BY
Sold STCListed 64 days
Opportunity summary
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About
A well-presented two-bedroom end-terrace home situated in the highly sought-after village of Carharrack, on the outskirts of Redruth.
This attractive home offers spacious and well-maintained accommodation throughout, featuring a bright and welcoming living room/diner with patio doors opening onto a private enclosed rear garden.
The property also benefits from two generously sized bedrooms, a modern family bathroom, driveway parking for one vehicle, and an additional allocated parking space opposite.
Perfect for first-time buyers or those looking to enjoy village life, this lovely home combines comfort, practicality, and convenience.
Property Description A well-presented two-bedroom end-terrace home situated in the highly sought-after village of Carharrack, on the outskirts of Redruth.
This attractive home offers spacious and well-maintained accommodation throughout, featuring a bright and welcoming living room/diner with patio doors opening onto a private enclosed rear garden.
The property also benefits from two generously sized bedrooms, a modern family bathroom, driveway parking for one vehicle, and an additional allocated parking space opposite.
Perfect for first-time buyers or those looking to enjoy village life, this lovely home combines comfort, practicality, and convenience.
Location Nestled in the charming village of Carharrack, this property enjoys a peaceful rural setting whilst remaining within easy reach of the amenities available in nearby Redruth.
Residents can benefit from a range of local shops, cafés, restaurants, and schools, as well as excellent transport links, including easy access to the A30 and Redruth train station, providing connections throughout Cornwall and beyond.
Accommodation Offers Ground Floor - Living Room/Diner Kitchen Cloakroom First Floor- Landing Bedroom 1 Bedroom 2 Family Bathroom Exterior - Enclosed Rear Garden Allocated Parking Example Share Share price: 40% share £91,200 Full price: £228,000 Monthly rent: £294.62 Monthly service charge: £57.66 *monthly rent and service charge subject to annual review *Staircasing up to 100% Section 106 Restrictions This property is subject to a Section 106 Agreement (s.106) with a local connection requirement to the parish of Carharrack and a full financial assessment to ensure that the property is affordable and sustainable for you.
Our financial assessments are carried out by The Mortgage People (tmp).
For more information on tmp please visit their website at The local connection requirement may not apply if you are a serving or previously serving member of the regular armed forces or qualifying under any other clause of the Allocation of Housing (qualification criteria for armed forces) (England) regulations 2012.
Properties are allocated on a first come first serve basis subject to meeting the requirements of the s.106 and demonstrating affordability.
Material Information Verified Material Information Costs and tenure Tenure: Shared Ownership Lease length: 86 years remaining (99 years from 2013) Service charge: £58/month Shared ownership: 40% owned Council tax band: A EPC rating: C The building End-terrace house, standard construction Accessibility adaptations: None Services Mains electricity Mains water Mains foul drainage Mains surface water drainage Electricity central heating Heating features: Double glazing Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 good, Vodafone ok, Three ok, EE good Parking: Allocated Not in a controlled parking zone No disabled parking available Risks and restrictions Not a listed building Not in a conservation area No tree preservation order Title register restrictions (CL303549): - The owner cannot sell or transfer the property without a certificate from the landlord confirming that specific lease rules have been followed.
- The lease contains rules that limit the owner's ability to sell or sub-let the property (a process sometimes called alienation) without following certain procedures.
- The owner may be required to give up the lease (surrender it) under specific circumstances mentioned in the lease agreement.
- There are restrictive covenants, which are rules preventing certain actions, contained in the 2009 and 2012 transfer documents that limit how the land can be used.
- The property does not include ownership of any mines or minerals underground, and others have the right to work these if necessary without being required to support the surface of the land.
- The land is subject to historical rules from 1920 regarding the repair of shared items like roads, paths, and drains. 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
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Returns
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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.
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About 4, Poldory Meadows, Redruth
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