Springbank, Redruth
Springbank, Redruth
Description & Estimates
According to the public record, Springbank, Redruth is a period freehold house with 1,001 ft2 of internal area and sits on a 406 m2 plot.
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 Springbank, Redruth is £363,161 and the estimated rental value is £1,351 per month.
Pink Moors, St. Day, Redruth, TR16 is located within the TR16 postal district.
Our Data Sources
Springbank, Redruth has 41 entries in the Land Registry , most recently in November 2023 and a single entry in the EPC database dated March 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 Springbank, Redruth is in very good condition we estimate a sale value of £381,319 and a rental value of £1,418 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £337,740 and a rental value of £1,256 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Springbank, Redruth has moved down by £8,734 (2.4%), while its estimated rental value has increased by £59 per month (4.4%). Based on current estimates, the property offers a gross rental yield of 4.5%.
Plot Size
According to data from HM Land Registry, Springbank, Redruth sits on a plot of 406 m2.
We have plot size data on 32 out of 45 other houses in the postcode and Springbank, Redruth sits on the 18th largest plot.
Energy Efficiency
Springbank, Redruth has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 15 Mar 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, LPG.
Sold Prices
According to HM Land Registry, Springbank, Redruth was last sold on 10th November 2023 for £340,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since November 2023, the market for similar properties has risen by 18.4%.
- Sold Nov 2023£340,000
- Sold Nov 2009£195,000
- Sold Feb 2003£139,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Springbank, Redruth within a radius of 1.5 kilometres over the last 2 years.
The most recent example is Radjel Cottage, Pink Moors, Redruth, TR16 5NL, a freehold house which sold for £425,000 on the 2nd February 2024.
Read more about house prices in TR16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Pink Moors, St. Day, Redruth, TR16 has a total of 56 addresses. According to our analysis of all the public data, Springbank, Redruth is the 27th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £46k more expensive than the average property in TR16.
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Schools Nearby
- 800mSt Day and Carharrack Community School
- 2.2kmTreleigh Community Primary School
- 2.4kmPennoweth Primary School
- 3.4kmRedruth School
- 5.8kmPool Academy
- 6.7kmRichard Lander School
More reading links
Public Transport Nearby
The closest station to Springbank, Redruth is Redruth station, which is 2.5 kilometres away.
- 2.5kmRedruth
- 6.2kmPerranwell
- 8.2kmCamborne
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
