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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
According to the public record, Forge Cottage, Redruth is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,683 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Forge Cottage, Redruth is £415,256 and the estimated rental value is £1,593 per month.
Mawla, Redruth, TR16 is located within the TR16 postal district.
Forge Cottage, Redruth has a single entry in the Land Registry from March 2012 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 Forge Cottage, Redruth is in very good condition we estimate a sale value of £436,019 and a rental value of £1,673 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £386,188 and a rental value of £1,482 per month.
Over the last 12 months the sale value of Forge Cottage Redruth has decreased by an estimated £21,346 (5.1%) and its rental value has increased by an estimated £39 per month (2.5%), giving an expected gross yield of 4.6%.
According to HM Land Registry, Forge Cottage, Redruth was last sold on 30th March 2012 for £288,888 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since March 2012, the market for similar properties has risen 77.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Forge Cottage, Redruth within a radius of 2.4 kilometres over the last 2 years.
The most recent example is Glenwyne, Wheal Rose, Redruth, TR16 5DA, a freehold house which sold for £460,000 on the 5th March 2024.
Read more about house prices in TR16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mawla, Redruth, TR16 has a total of 37 addresses. According to our analysis of all the public data, Forge Cottage, Redruth is the 15th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £103k more expensive than the average property in TR16.
The closest station to Forge Cottage, Redruth is Redruth station which is 3.4 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around Forge Cottage, Redruth, 44.4% of property is privately owned outright and 19.4% is socially rented.
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 Forge Cottage, Redruth, 13.7% of residents are recorded as possessing school level qualifications and 26.2% 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 Forge Cottage, 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 Forge Cottage, 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 Forge Cottage, Redruth, there are an average of 1.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.
