Watergate Cottage, Redruth
Watergate Cottage, Redruth
Description & Estimates
Watergate Cottage, Redruth is recorded publicly as a period freehold house across 1,205 ft2 of internal area, sitting on a 2,310 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of Watergate Cottage, Redruth is £472,599 and its rental estimate is £1,290 per month, given the available information and assuming reasonable condition.
Watergate, Illogan, Redruth, TR16 falls within the TR16 postal district.
Our Data Sources
Watergate Cottage, Redruth has 21 entries in the Land Registry , most recently in July 2023 and a single entry in the EPC database dated January 2023.
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 Watergate Cottage, Redruth, we estimate a market value of £496,229 and a rental value of £1,354 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £439,517 and £1,200 per month respectively.
Recent Market Change
Over the last year, Watergate Cottage, Redruth has seen its estimated sale value decline by £11,366 (2.4%) and its estimated rental value climb by £56 per month (4.4%). This results in an estimated gross rental yield of 3.3%.
Plot Size
HM Land Registry records the plot of land for Watergate Cottage, Redruth as measuring 2,310 m2.
That makes it the 3rd largest plot in the postcode, where all 4 other houses have recorded plot data.
Energy Efficiency
Watergate Cottage, Redruth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Jan 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of Watergate Cottage, Redruth completed on 7th July 2023 at £490,000 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 12.0% over the period since July 2023.
- Sold Jul 2023£490,000
- Sold Oct 1997£95,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Watergate Cottage, Redruth have sold within a radius of 1.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th May 2022, was 5, Maythorn Meadow, Redruth, TR15 3GG, a freehold house which sold for £409,000.
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
Of the 4 addresses on Watergate, Illogan, Redruth, TR16, Watergate Cottage, Redruth comes out as the 3rd largest and the 2nd most expensive in our analysis of the public data.
It is also £155k more expensive than the average property across the TR16 district.
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Schools Nearby
- 700mIllogan School
- 1.9kmPortreath Community Primary School
- 2.1kmTreloweth Community Primary School
- 2.4kmRedruth School
- 2.6kmPool Academy
- 5.6kmCamborne Science and International Academy
More reading links
Public Transport Nearby
From Watergate Cottage, Redruth, the nearest station is Redruth, 3.1 kilometres away.
- 3.1kmRedruth
- 5.3kmCamborne
- 11.2kmPerranwell
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
