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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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38, Tregea Close, Redruth is recorded publicly as a modern freehold house across 1,119 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 38, Tregea Close, Redruth is £367,267 and its rental estimate is £1,319 per month, given the available information and assuming reasonable condition.
Tregea Close, Portreath, Redruth, TR16 falls within the TR16 postal district.
38, Tregea Close, Redruth has a single entry in the Land Registry from July 2013 and a single entry in the EPC database dated May 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
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 38, Tregea Close, Redruth, we estimate a market value of £385,631 and a rental value of £1,385 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £341,558 and £1,227 per month respectively.
Over the last year, 38, Tregea Close, Redruth has seen its estimated sale value move down by £8,833 (2.4%) and its estimated rental value increase by £57 per month (4.4%). This results in an estimated gross rental yield of 4.3%.
38, Tregea Close, Redruth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 May 2012.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, electric.
The most recent sale of 38, Tregea Close, Redruth completed on 31st July 2013 at £240,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 53.2% over the period since July 2013.
Over the past 2 years 3 properties similar to 38, Tregea Close, Redruth have sold within a radius of 2.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th August 2023, was 13, Tregea Close, Redruth, TR16 4TR, a freehold house which sold for £392,500.
Read more about house prices in TR16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 40 addresses on Tregea Close, Portreath, Redruth, TR16, 38, Tregea Close, Redruth comes out as the 3rd largest and the 4th most expensive in our analysis of the public data.
It is also £50k more expensive than the average property across the TR16 district.
From 38, Tregea Close, Redruth, the nearest station is Camborne, 5.1 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 38, Tregea Close, Redruth, 43.9% of property is privately owned outright and 29.8% is privately owned with a mortgage.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 38, Tregea Close, Redruth, 16.7% of residents are recorded as possessing school level qualifications and 47.0% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 38, Tregea Close, Redruth, the average age was 45.4 and the most common age was 62.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 38, Tregea Close, Redruth, 0.8% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 38, Tregea Close, Redruth, there are an average of 1.7 cars per household.
See below for how this compares to South West and the rest of England & Wales.
