Considering the listing price of £240,000 for a development site for three houses in Redruth, Cornwall, this seems relatively reasonable based on some comparables and the current market. While no square footage is provided, this lack of data restricts a full cost per square foot analysis. However, the price appears comparable to other development plots within the area. Additional costs associated with development must be factored in to gain an understanding of the overall return on investment.

The provided photos show a largely undeveloped plot of land that appears to need significant work. The land seems overgrown and requires preparation before any construction can start. There are no existing structures, indicating a lack of immediate livability.

The property benefits from being in close proximity to Redruth, offering access to transport links via the Great Western Railway (2.71km away). Several schools are within a reasonable distance, including Treleigh Community Primary School (rated Outstanding), and others located less than 3 km away. This contributes to a relatively convenient location for families. However, the specific location on Scorrier Road might not be considered the most desirable part of Redruth by all buyers.

While the plot is large enough for the proposed three houses, it’s not exceptionally spacious compared to other development sites. The size is adequate for the project but doesn’t offer a significant amount of extra land beyond what’s needed for construction.