2 Highburrow Court, Pool, Redruth, Cornwall TR15 3DD

Description

A three-bedroom detached bungalow situated within a cul-de-sac in Pool, conveniently located between the towns of Redruth and Camborne. The property is ideally positioned for access to the A30 and nearby mainline railway stations, providing excellent transport links. The accommodation comprises a living room, kitchen/dining room with double doors opening onto the rear garden, three bedrooms, a bathroom and a separate WC. There is the addition of gas central heating and double glazing. Externally, the property benefits from front and rear gardens, a private driveway and a garage. The property requires refurbishment throughout, offering an excellent opportunity for buyers looking to modernise and add value. Once completed, it would make an attractive home or a potentially appealing investment property.

Accommodation

Kitchen/Diner: 5.03m x 3.05m; Living Room: 5.05m x 4.09m; Bedroom 1: 3.61m x 2.39m; Bedroom 2: 3.61m x 2.39m; Bedroom 3: 2.49m x 1.80m; Bathroom: 1.80m x 2.49m; Separate W.C

Location

Situated within a cul-de-sac in Pool, conveniently located between the towns of Redruth and Camborne, with access to the A30 and nearby mainline railway stations.

Tenure / Property Information

Investment Analysis

Indicative GDV is £200,000, based mainly on the £225,000 2022 sale of a terraced property in the same court and the older £168,000 detached sale from 2012. Comparability and market-date limitations make the range uncertain. Rental evidence is advertised asking rent only, at £1,200–£1,600 pcm.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, survey and firm refurbishment quotes. The property could suit a refurbishment-led BTL or owner-occupier strategy, but the absence of works costs prevents a reliable bid limit.

Works Required

Refurbishment throughout and modernisation as described. No detailed schedule, contractor quotes or confirmed defects are supplied, so specific works and costs cannot be quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy may be viable if refurbishment costs remain controlled and the completed value supports refinancing. At the £200,000 base GDV, 75% refinance is £150,000, but cash required and equity outcome cannot be calculated without works costs and disbursements.

Buy-to-Let Analysis

Advertised asking rents indicate approximately £1,200–£1,600 pcm, equivalent to £14,400–£19,200 annually. Against the £140,000 guide, this indicates approximately 10.3%–13.7% gross yield before refurbishment, finance, management, maintenance and other costs. Achieved rent and total project cost are unconfirmed.

Flip Analysis

The property is described as requiring refurbishment throughout. A flip may have potential against an indicative £200,000 GDV, but profit cannot be calculated because refurbishment costs, selling costs and legal-pack disbursements are unavailable.

Investor Risks & Due Diligence

• Refurbishment is stated to be required throughout, but no costed schedule or survey is supplied.

• Comparable evidence is limited, with the detached comparable dating from 2012 and the 2022 comparable being terraced.

• Rental figures are advertised asking rents rather than achieved rents.

• Legal-pack disbursements and other completion costs are unknown.

• No reliable maximum bid can be calculated without refurbishment costs and full project costs.

Recommendation

Proceed only subject to legal-pack review, survey and firm refurbishment quotes. The property could suit a refurbishment-led BTL or owner-occupier strategy, but the absence of works costs prevents a reliable bid limit.

Strategy Rating

Analysis Confidence

There is useful same-court sales and rental evidence, but the key valuation comparables are limited or dated, rents are asking rents, and no refurbishment budget, survey, disbursements or legal-pack details are supplied.