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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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Public records show 61, Merritts Way, Redruth to be a modern freehold house with 678 ft2 of internal area, sitting on a 390 m2 plot.
In this area, houses of this size normally have 2 bedrooms with a garden.
61, Merritts Way, Redruth has an estimated sale value of £277,549 and an estimated rental value of £1,058 per month, assuming reasonable condition and based on the information available.
Merritts Way, Pool, Redruth, TR15 lies within the TR15 postal district.
61, Merritts Way, Redruth has 21 entries in the Land Registry , most recently in June 2024 and a single entry in the EPC database dated January 2024.
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.
In very good condition, we estimate 61, Merritts Way, Redruth would be worth £291,426, with a potential rental value of £1,110 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £258,121, with a rental value of £984 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 61, Merritts Way, Redruth has dropped by £6,372 (2.3%) over the last year. During the same period, its estimated monthly rental value has risen by £47 (4.5%). The property's estimated gross yield is currently 4.6%.
61, Merritts Way, Redruth occupies a 390 m2 plot as recorded by HM Land Registry.
All 65 other houses in this postcode have recorded plot sizes, and this one ranks as the 30th largest.
61, Merritts Way, Redruth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Jan 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
61, Merritts Way, Redruth last changed hands on 24th June 2024, selling for £290,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 0.9% since June 2024.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 730 metres of 61, Merritts Way, Redruth across the last 2 years.
Most recently, 12, Merritts Way, Redruth, TR15 3TY, a freehold house, sold at £345,000 on the 1st March 2024.
Read more about house prices in TR15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 61, Merritts Way, Redruth as the 58th largest and the 57th most expensive of the 65 addresses on Merritts Way, Pool, Redruth, TR15.
Against the TR15 postcode district average, it is £28k less expensive than the typical property.
Redruth station is the nearest stop to 61, Merritts Way, Redruth at 2.9 kilometres away.
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 61, Merritts Way, Redruth, 60.3% of property is privately owned outright and 24.8% 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 61, Merritts Way, Redruth, 14.5% of residents are recorded as possessing school level qualifications and 22.7% 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 61, Merritts Way, 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 61, Merritts Way, 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 61, Merritts 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.
