Scorrier Road, Redruth - Development site for nine units
MA

Scorrier Road, Redruth - Development site for nine units

By MAP Estate Agents

£ 650,000

Reviews

2 out of 5 stars

MAP Estate Agents says ..

An exciting opportunity to acquire a development site for nine dwellings with associated amenity space. The proposed scheme is for two terraces of three properties, a pair of semi-detached properties and a detached property. This is a brown field site of approximately half an acre and will ...

Property Oracle says ..

This property in Redruth, Cornwall, is a development site offering potential for constructing nine residential units. The site’s location offers some advantages, with relatively close proximity to Redruth town and several schools. Transport links are also reasonably accessible via Redruth train station. However, it’s important to note that the existing structures on the site are likely to require renovation, demolition, or both prior to construction of the new housing units. The site itself is moderately sized, but some areas appear overgrown and in need of attention. Determining the exact value requires more information; the lack of square footage data for the plot limits the assessment of price per square foot and overall valuation. The proposed development plan shows a layout that could create a variety of property types. In summary, this development site presents an opportunity but needs thorough due diligence before purchasing. Potential buyers should consider not only the acquisition costs but also anticipated renovation, construction, and associated expenses.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
6
Land
5
Bedrooms
0
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
380,500.00 £
Decreased by 7.95 %
from 413,363.00 £
Average area rental value
1,550.00 £/mo
Increased by 31.91 %
from 1,175.00 £/mo
Est rental Yield
4.89 %
Increased by 43.40 %
from 3.41 %
Crime Rate
11.00 %
Unchanged by 0.00 %
from 11.00 %

Agent Activity

  • MAP Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Treleigh Community Primary SchoolFoundation SchoolOutstanding1.47 KM
Pennoweth Primary SchoolAcademy Converter2.44 KM
Redruth Children'S CentreChildren's Centre2.44 KM
Curnow SchoolAcademy Special ConverterOutstanding2.61 KM
Teyluva Children'S CentreChildren's Centre Linked Site3.04 KM

Images

site site site site indicative site layout location plan

Nearby Streets

NameAverage PriceAverage SqftDistance
Highburrow Close £ 350,00000.00 KM
Treven Noweth £ 209,87500.00 KM
Gwel Gwarthe £ 000.00 KM
Homefield £ 000.00 KM
Beechtree Close £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Redruth3530RED2.71 KM

Nearby Listings

AddressPriceTypeScoreDistance
Scorrier Road, Redruth- Development site for three houses £ 240,000BUY5 / 100.00 KM
Scorrier Road, Redruth - Development site for nine units £ 650,000BUY5 / 100.00 KM
Briggan Close, Scorrier £ 287,500BUYUnknown0.08 KM
Scorrier Road, Redruth £ 579,500BUY7 / 100.09 KM
Chenoweth Way, Scorrier, Redruth, TR16 5DS £ 300,000BUY6 / 100.14 KM

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23 Trelawney Avenue £ 219,9500.36 KM