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See how verdicts work2-bedroom flat · TR15 1JA
For saleListed 1 day
Opportunity summary
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About
Ideal for first time buyers or investment purposes, this refurbished first floor flat is situated in a popular residential area and is offered with no onward chain.
The property has two bedrooms, a bathroom and a lounge with open access to a refitted kitchen. It is double glazed and this is complemented by a new gas heating system.
Externally there is a shared rear garden and communal parking facilities. Offered with no onward chain, this presents an opportunity to acquire a well presented two bedroom first floor flat.
It has a refitted kitchen and bathroom together with a new gas combi boiler and radiators. Both bedrooms have quite far reaching views and the front is quite open.
In addition to the gas heating there is also double glazing. Outside there is a small area of astro-turf and to the rear there is a shared garden with the flat beneath.
Communal parking facilities are available.
In terms of location, this property is very conveniently located close to Redruth town centre, within one mile, which offers both independent and chain stores, cafes, a cinema and public houses, and so can be accessed in around twenty minutes or less on foot or via a short drive.
A main line railway station in the town gives links to London and bus services to Truro and Falmouth. The A30 link road is nearby, within two minutes by car.
Other local amenities are also available including a Tesco supermarket and schools within walking distance.
Further afield, Portreath Beach on the north coast is within fifteen minutes drive as well as many other local beaches and attractions being nearby. Entrance Hall With stairs to the first floor.
This entrance is purely for the use of number 49. Lounge (4.27m x 2.56m (14'0" x 8'4")) Window to the front elevation and a radiator.
Open plan to: Kitchen (2.44m x 2.20m (8'0" x 7'2")) Fitted oven, hob and a cooker hood. Wall mounted combi boiler.
Single drainer stainless steel sink unit plus adjoining working surfaces with cupboards and drawers beneath and tiled splash backs.
Space and plumbing for a washing machine and space for a tall fridge/freezer. Eye level cupboards with one down lighter. Bedroom 1 (2.36m x 3.33m (7'8" x 10'11")) Radiator and a fine view.
Bedroom 2 (2.76m x 2.30m (9'0" x 7'6")) Radiator and a fine view. Built-in double wardrobe.
Bathroom (1.75m x 1.62m (5'8" x 5'3")) Panelled bath with a partially tiled surround, a glass shower screen, a thermostatic bath/shower mixer tap and a rainfall shower head plus a hand held shower.
Enclosed wash hand basin with cupboards beneath. WC, extractor fan and a ladder towel radiator. Outside To the front there is a small area of astro turf and a pathway to the property.
Space is provided for a wheelie bin and storage for recycling bags/bins. A side path leads around the flat to the rear garden which is shared with the downstairs neighbour.
Directions Leaving the A30 westbound at Avers, take the third turning left into Close Hill. Pass the convenience store on your right and take the next left into Strawberry Lane.
Proceed straight up into Pengover Parc, the round bears round to the right and the property will then be found on the right hand side. Agents Note Tenure: Leasehold - 999 year lease commenced in 1991.
Ground rent, buildings insurance and management charges totalled £311 for the period May 2026 to April 2027 ( £295 2025/2026). Council tax band: A.
Services Mains drainage, mains water, mains electricity and mains gas heating. Broadband highest available download speeds - Standard 4 Mpbs, Superfast 80 Mpbs (sourced from Ofcom).
Mobile signal - EE - Good outdoor & indoor, Three - Good outdoor & indoor, O2 - Good outdoor & indoor, Vodafone - Good outdoor & indoor (sourced from Ofcom).
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
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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 Pengover Parc, Redruth
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