Spring Lodge, Redruth
Spring Lodge, Redruth
Description & Estimates
Spring Lodge, Redruth is recorded publicly as a modern freehold house across 1,463 ft2 of internal area, sitting on a 1,454 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of Spring Lodge, Redruth is £568,744 and its rental estimate is £1,333 per month, given the available information and assuming reasonable condition.
Merritts Hill, Illogan, Redruth, TR16 falls within the TR16 postal district.
Our Data Sources
Spring Lodge, Redruth has a single entry in the Land Registry from August 2019 and a single entry in the EPC database dated April 2018.
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.
Price Range & Condition
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 Spring Lodge, Redruth, we estimate a market value of £597,181 and a rental value of £1,400 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £528,932 and £1,240 per month respectively.
Recent Market Change
Over the last year, Spring Lodge, Redruth has seen its estimated sale value drop by £21,590 (3.8%) and its estimated rental value rise by £42 per month (3.2%). This results in an estimated gross rental yield of 2.8%.
Plot Size
HM Land Registry records the plot of land for Spring Lodge, Redruth as measuring 1,454 m2.
That makes it the 5th largest plot in the postcode, where 32 of the 38 other houses have recorded plot data.
Energy Efficiency
Spring Lodge, Redruth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Apr 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Spring Lodge, Redruth completed on 2nd August 2019 at £475,000 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 30.5% over the period since August 2019.
- Sold Aug 2019£475,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Spring Lodge, Redruth have sold within a radius of 890 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd November 2024, was 9 Kel Skiber, Merritts Hill, Redruth, TR16 4FH, a freehold house which sold for £585,000.
Read more about house prices in TR16.
- Sold Nov 2024£585,000 | 4 Bed House9 Kel Skiber, Merritts Hill, Redruth, TR16 4FH9 Kel Skiber, Merritts Hill, Redruth, TR16 4FH
- Sold Feb 2020£375,000 | 4 Bed House1 Kel Skiber, Merritts Hill, Redruth, TR16 4FH1 Kel Skiber, Merritts Hill, Redruth, TR16 4FH
- Sold Nov 2019£395,000 | 4 Bed House2 Kel Skiber, Merritts Hill, Redruth, TR16 4FH2 Kel Skiber, Merritts Hill, Redruth, TR16 4FH
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 81 addresses on Merritts Hill, Illogan, Redruth, TR16, Spring Lodge, Redruth comes out as the 20th largest and the 5th most expensive in our analysis of the public data.
It is also £251k more expensive than the average property across the TR16 district.
More reading links
Schools Nearby
- 900mTreloweth Community Primary School
- 1.3kmIllogan School
- 2.5kmPennoweth Primary School
- 1.5kmPool Academy
- 1.7kmRedruth School
- 4.7kmCamborne Science and International Academy
More reading links
Public Transport Nearby
From Spring Lodge, Redruth, the nearest station is Redruth, 2.6 kilometres away.
- 2.6kmRedruth
- 4.2kmCamborne
- 10.9kmPerranwell
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
