3 The Pit, Redruth
3 The Pit, Redruth
Description & Estimates
3 The Pit, Redruth is recorded publicly as a period freehold house across 516 ft2 of internal area.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 3 The Pit, Redruth is £214,643 and its rental estimate is £942 per month, given the available information and assuming reasonable condition.
Wheal Buller, Redruth, TR16 falls within the TR16 postal district.
Our Data Sources
3 The Pit, Redruth has 3 entries in the Land Registry , most recently in February 2017 and a single entry in the EPC database dated March 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 3 The Pit, Redruth, we estimate a market value of £225,375 and a rental value of £989 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £199,618 and £876 per month respectively.
Recent Market Change
Over the last year, 3 The Pit, Redruth has seen its estimated sale value decline by £4,558 (2.1%) and its estimated rental value climb by £47 per month (5.0%). This results in an estimated gross rental yield of 5.3%.
Energy Efficiency
3 The Pit, Redruth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Mar 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of 3 The Pit, Redruth completed on 10th February 2017 at £129,950 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 31.2% over the period since February 2017.
- Sold Feb 2017£129,950
- Sold Jun 2014£120,000
- Sold Dec 2007£120,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3 The Pit, Redruth have sold within a radius of 1.9 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 14th March 2025, was Narvic Cottage, Globe Square, Redruth, TR16 6SN, a freehold house which sold for £182,000.
Read more about house prices in TR16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 16 addresses on Wheal Buller, Redruth, TR16, 3 The Pit, Redruth comes out as the 15th largest and the 16th most expensive in our analysis of the public data.
It is also £103k less expensive than the average property across the TR16 district.
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Schools Nearby
- 1.1kmPencoys Primary School
- 2.0kmTrewirgie Infants' School
- 2.1kmTrewirgie Junior School
- 2.6kmRedruth School
- 3.6kmPool Academy
- 6.0kmCamborne Science and International Academy
More reading links
Public Transport Nearby
From 3 The Pit, Redruth, the nearest station is Redruth, 2.4 kilometres away.
- 2.4kmRedruth
- 4.9kmCamborne
- 8.3kmPerranwell
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
