# 3 bedroom cottage for sale (TR15 3TN) ## Property Details | Key | Value | |-----|-------| | Address | WHEAL RAVEN, REDRUTH, WEST TOLGUS, CORNWALL TR15 3TN | | Price | £365,000 | | Bedrooms | 3 | | Construction age | England and Wales: before 1900 | | Floor area | 106 m² | | Last sold | £329,000 Jun 2021 | ## EPC Rating & Upgrade Cost - **Current rating:** F - **Potential rating:** D - **Expiry date:** 03/12/2030 - **Current heating cost:** £1,565/year - **Est. upgrade cost to C:** £20,030 ### Recommendations - Q (£4,000 - £14,000) - W2 (£4,000 - £6,000) - E (£30) - N (£4,000 - £6,000) - X (£1,000) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9730-7922-3009-0344-1202) ## Description **DESCRIPTION** **** Offered onto the market with NO ONWARD CHAIN, this deceptive 3/4 bedroom cottage offers spacious accommodation throughout with double glazing with LPG gas fired heating. The conservatory offers views towards the front garden with access into the living room with its feature fire place housing a wood burner. The kitchen has a range of base and wall units, plumbing for washing machine and dishwasher and space electric range, in addition to this is the separate dining room and large storage cupboard. Also situated to the ground floor are two double bedrooms both with built in wardrobes and the ground floor accommodation is completed by the bathroom with separate shower. To the first floor the large main bedroom was originally two separate rooms and could easily be reinstated. Externally there is generous parking for at least four vehicles to the front of the double garage, the south facing front garden is laid to lawn with decked seating areas.  **LOCATION** **** Situated in a semi rural position approached along a quiet road, the extensive local amenities in Illogan are easily accessible and include a variety of local shops, primary school, public house and sports club. The Camborne Redruth conurbation is very well served with superstores, secondary schooling and college and each has a main line rails station. The sands and harbour at Portreath are 2 miles distant.   **AGENTS** **NOTE** **** Potential purchasers should be aware the solar panels have lease contract which started in 2012 with Freetricity. Please also see the attached plan showing the planning permission to erect a new dwelling next to Wheal Raven and the creation of a garage and parking area.  **CONSERVATORY** **11' 5" x 10' 3" (3.49m x 3.14m)** Double glazed window, tiled flooring.  **LIVING** **ROOM** **21' 1" x 11' 3" (6.44m x 3.43m)** Fireplace housing wood burner, wall lights, stairs to first floor.  **KITCHEN** **AREA** **9' 3" x 9' 9" (2.83m x 2.99m)** Fitted with a range of base and wall units, worktop incorporating stainless steel sink unit, space for electric range, beamed ceiling, double glazed window, plumbing for washing machine and dish washer, large storage cupboard housing gas central heating boiler.  **DINING** **AREA** **9' 6" x 6' 6" (2.91m x 2.00m)** Beamed ceiling, tiled floor, radiator, wall lights, double glazed window.  **BATHROOM** **9' 9" x 6' 5" (2.98m x 1.98m)** Bathroom suite comprising, low level w/c, panel bath, separate shower cubicle, vanity sink unit, complimentary tiling, chrome heated towel rail, obscure double glazed window to rear.  **BEDROOM** **12' 1" x 9' 1" (3.69m x 2.79m)** Measure to front of built in wardrobes, radiator, double glazed window to side elevation.  **BEDROOM** **9' 2" x 9' 0" (2.80m x 2.76m)** Measured to front of built in wardrobes, radiator, double glazed windows to side and rear.  **FIRST** **FLOOR** ****   **BEDROOM** **13' 6" x 7' 9" (4.14m x 2.38m)** + 11' 1" (3.39) x 7'8" (2.39) Formally two separate bedrooms and could easily be reinstated, two double glazed windows, radiator, loft access.  **DOUBLE** **GARAGE** **19' 5" x 19' 5" (5.94m x 5.93m)** Two metal up and over doors, light and power connected, inspection pit.  **PARKING** **** Generous hard standing parking to the front of the garage for at least four vehicles.  **GARDEN** **** The front garden has a southernly aspect and is laid to lawn bordered by flower beds and decked seating areas. The rear garden is laid to lawn.  ## Property Photos - ![Photo](/listings/photos/75870129/336479) - ![Photo](/listings/photos/75870129/336481) - ![Photo](/listings/photos/75870129/336483) - ![Photo](/listings/photos/75870129/336484) - ![Photo](/listings/photos/75870129/336486) - ![Photo](/listings/photos/75870129/336487) - ![Photo](/listings/photos/75870129/336488) - ![Photo](/listings/photos/75870129/336489) - ![Photo](/listings/photos/75870129/336490) - ![Photo](/listings/photos/75870129/336491) - ![Photo](/listings/photos/75870129/336492) - ![Photo](/listings/photos/75870129/336493) - ![Photo](/listings/photos/75870129/336494) - ![Photo](/listings/photos/75870129/336495) - ![Photo](/listings/photos/75870129/336496) ## Floorplans - ![Floorplan 1](/listings/photos/75870129/336497) - Floorplan 1 ## EPC Graphs - ![EPC 1](/listings/photos/75870129/336498) - EPC 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | WHEAL RAVEN, WEST TOLGUS, REDRUTH, CORNWALL, TR15 3TN | £329,000 | 29/06/2021 | Detached | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 5 HIGHER WEST TOLGUS, REDRUTH, CORNWALL, TR15 3TP | £314,500 | 16/08/2022 | Detached | | TRELOWEN HIGHER WEST TOLGUS, REDRUTH, CORNWALL, TR15 3TP | £428,000 | 14/04/2022 | Detached | | ROZEL HIGHER WEST TOLGUS, REDRUTH, CORNWALL, TR15 3TP | £312,500 | 15/09/2021 | Detached | **Area average:** £351,667 (3 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £341,820 (28 Detached, TR15, 2024–2026) - **Deviation:** +6.8% ## Rental Range *ONS Price Index of Private Rents (Cornwall). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £902/mo - **Realistic:** £1,002/mo - **Optimistic:** £1,102/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 3 Bed Semi-Detached House, Murdoch Close, TR15 | £1,150/mo | 3 | 1.03 miles | OpenRent | **Average rent: £1,150/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.32% (weak for cashflow) - **Max investor price (0.8%):** £143,750 - **Target investor price (1%):** £115,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,150/mo).* - **Gross yield:** 3.8% - **Cost-to-rent:** 26.4× - **Monthly cashflow:** £-427/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -4.8% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Price per Square Metre - **£/m²:** £3,443/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 26.4% - **10y growth:** 75.7% ## House Price Index (HM Land Registry) *Official index for Cornwall; Detached series; as of March 2026.* - **1y growth (index):** -1.9% - **5y growth (index):** 9.9% - **10y growth (index):** 34.6% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)