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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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According to the public record, 4, Reades Way, Redruth is a modern freehold house with 1,033 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 4, Reades Way, Redruth is £282,546 and the estimated rental value is £1,326 per month.
Reades Way, Tolgus, Redruth, TR15 is located within the TR15 postal district.
4, Reades Way, Redruth has a single entry in the Land Registry from September 2023 and a single entry in the EPC database dated May 2023.
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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 4, Reades Way, Redruth is in very good condition we estimate a sale value of £296,674 and a rental value of £1,392 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £262,768 and a rental value of £1,233 per month.
Over the last 12 months the sale value of 4 Reades Way Redruth has decreased by an estimated £7,740 (2.7%) and its rental value has increased by an estimated £55 per month (4.1%), giving an expected gross yield of 5.6%.
4, Reades Way, Redruth has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 12 May 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
According to HM Land Registry, 4, Reades Way, Redruth was last sold on 15th September 2023 for £293,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since September 2023, the market for similar properties has dropped 5.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Reades Way, Redruth within a radius of 780 metres over the last 2 years.
The most recent example is 49, Trefula Road, Redruth, TR15 3GL, a freehold house which sold for £303,000 on the 26th April 2024.
Read more about house prices in TR15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reades Way, Tolgus, Redruth, TR15 has a total of 6 addresses. According to our analysis of all the public data, 4, Reades Way, Redruth is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £23k less expensive than the average property in TR15.
The closest station to 4, Reades Way, Redruth is Redruth station which is 1.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Reades Way, Redruth, 50.9% of property is privately owned outright and 23.2% 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 4, Reades Way, Redruth, 10.6% of residents are recorded as possessing school level qualifications and 31.9% 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 4, Reades Way, Redruth, the average age was 41.9 and the most common age was 57.
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 4, Reades Way, Redruth, 0.4% 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 4, Reades Way, Redruth, there are an average of 1.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.
