2-bedroom terraced house · TR15 2RN
Listing removedListed 459 days
Opportunity summary
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About
Now in need of some updating and modernisation, this end terraced cottage would be ideal for first time buyers or perhaps investment purposes and is offered with no onward chain.
There are two bedrooms plus a box room, a lounge, kitchen/diner and a first floor bathroom. The property is double glazed and this is complemented by electric night storage heaters.
Externally there is a good sized enclosed rear garden. Offered with no onward chain, this end of terrace cottage is situated in a popular residential location.
To the first floor there are two bedrooms together with a box room/office and a bathroom with a separate shower.
To the ground floor a small hallway leads to a generous living room with a focal raised fireplace and access to a kitchen/diner. Heating is via electric storage heaters.
Externally there is quite a generous rear garden with a small outbuilding. The town is within probably half a mile and close by there are bus services and a convenience store.
Entrance Hall Stairs to the first floor and a slate floor. Lounge (4.05m x 4.20m (13'3" x 13'9")) Slate fireplace and raised hearth. Night storage heater.
Kitchen/Diner (3.75m x 3.39m (12'3" x 11'1")) Single drainer sink unit plus an array of working surfaces with cupboards and drawers beneath and splash backs.
Eye level cupboards and slatted shelving beneath the stairs with a hot water cylinder. Night storage heater, two windows to the rear and external access to the side. Space for white goods.
First Floor Bedroom 1 (2.96m x 4.28m (9'8" x 14'0")) Night storage heater. Bedroom 2 (1.96m x 3.35m (6'5" x 10'11")) Night storage heater.
Box Room (2.05m x 3.18m max (6'8" x 10'5" max)) L shaped with a built-in cupboard and loft access.
Landing Bathroom (1.62m x 2.48m (5'3" x 8'1")) Twin grip panelled bath with a partially tiled surround. Separate tiled shower cubicle with a Mira electric shower, curtain and rail.
Pedestal basin with a splash back and a low level wc. Outside There is a generous rectangular rear garden together with an outbuilding.
Immediately to the rear there is a pedestrian right of way enjoyed by the neighbours and a side pathway between numbers 12 and 14.
Directions From our office in Redruth proceed along Penryn Street and under the viaduct into Falmouth Road.
After passing Trewirgie School on the right take the second turning right into Gilly Hill and the property will be found on the left hand side. Agents Note Tenure: Freehold. Council tax band: B.
Please note - the adjoining properties have a pedestrian right of way at the rear of the property. Services Mains drainage, mains water, mains electricity and electric night storage heaters.
Broadband highest available download speeds - Standard 18 Mpbs, Superfast 80 Mpbs, Ultrafast 1000 Mpbs (sourced from Ofcom).
Mobile signal - EE - Variable outdoor only, Three - Good outdoor only, O2 - Good outdoor only, Vodafone - Variable indoor and good outdoor (sourced from Ofcom).
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
Agent & docs
FAQ
About 12, Gilly Hill, Redruth
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