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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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56, Crembling Well, Redruth is recorded publicly as a modern freehold house across 1,969 ft2 of internal area, sitting on a 496 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 56, Crembling Well, Redruth is £493,052 and its rental estimate is £1,661 per month, given the available information and assuming reasonable condition.
Crembling Well, Barncoose, Redruth, TR15 falls within the TR15 postal district.
56, Crembling Well, Redruth has 2 entries in the Land Registry , most recently in January 2023 and a single entry in the EPC database dated June 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 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 56, Crembling Well, Redruth, we estimate a market value of £517,705 and a rental value of £1,744 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £458,539 and £1,545 per month respectively.
Over the last year, 56, Crembling Well, Redruth has seen its estimated sale value move down by £16,526 (3.4%) and its estimated rental value increase by £62 per month (3.7%). This results in an estimated gross rental yield of 4.0%.
HM Land Registry records the plot of land for 56, Crembling Well, Redruth as measuring 496 m2.
That makes it the 24th largest plot in the postcode, where 58 of the 62 other houses have recorded plot data.
56, Crembling Well, Redruth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 Jun 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 56, Crembling Well, Redruth completed on 31st January 2023 at £485,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 15.2% over the period since January 2023.
Over the past 2 years 3 properties similar to 56, Crembling Well, Redruth have sold within a radius of 960 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th May 2024, was 36, Crembling Well, Redruth, TR15 3EA, a freehold house which sold for £460,000.
Read more about house prices in TR15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 62 addresses on Crembling Well, Barncoose, Redruth, TR15, 56, Crembling Well, Redruth comes out as the 6th largest and the 7th most expensive in our analysis of the public data.
It is also £188k more expensive than the average property across the TR15 district.
From 56, Crembling Well, Redruth, the nearest station is Redruth, 1.6 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 56, Crembling Well, Redruth, 35.1% of property is privately owned outright and 28.4% 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 56, Crembling Well, Redruth, 24.0% of residents are recorded as possessing school level qualifications and 20.8% 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 56, Crembling Well, Redruth, the average age was 41.2 and the most common age was 52.
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 56, Crembling Well, Redruth, 0.0% 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 56, Crembling Well, Redruth, there are an average of 1.4 cars per household.
See below for how this compares to South West and the rest of England & Wales.
