# 2 bedroom cottage for sale (TR16 4AD)

## Property Details

| Key | Value |
|-----|-------|
| Address | MID COTTAGE, WHEAL MONTAGUE, REDRUTH, NORTH COUNTRY, CORNWALL TR16 4AD |
| Price | £124,950 |
| Bedrooms | 2 |
| Last sold | £122,000 Feb 2006 |

## Description

Situated in a lovely, rural location this centre cottage of three is really worth a look to appreciate what is on offer.  Updated with gas heating, it is mostly double glazed and has an open fire in the lounge.  Fine, open views are enjoyed from both aspects and there are gardens to both the front and rear.  Parking is provided.  Well placed for the A30, the town and North coast it is ideal for those wanting a rural setting yet being close to facilities.

ENTRANCE PORCH

LOUNGE 3.5m x 3.00m (11'5 x 9'10)  A floor to ceiling fireplace, an understairs cupboard and a radiator.

KITCHEN/DINER 5.00m x 3.20m (16'4 x 10'5)  Single drainer sink unit with adjoining work surfaces having cupboards and drawers plus space for white goods.  Eye level cupboards, a laminate floor, spotlights and a radiator.

UTILITY 2.30m x 1.40m (7'6 x 4'7)  Wall mounted Baxi boiler, laminate flooring and a radiator. This room is single glazed with a door to the garden.

FIRST FLOOR

BEDROOM 1 4.30m x 3.00m (14'1 x 9'10)  Two windows to the front, a cupboard and a radiator.

BEDROOM 2 3.10m x 3.00m (10'2 x 9'10)  Radiator.

BATHROOM  A panelled bath with a tiled surround and an electric shower. Wash hand basin and a WC.  Radiator.

OUTSIDE

There are well enclosed front and rear gardens, mostly laid to lawn and having a summerhouse overlooking the valley towards Illogan. There is parking available.

DIRECTIONS

From Avers roundabout take the Porthtowan exit towards North Country. Take the first left with a no through road sign and the cottage is the middle one in front of you.

## Property Photos

- ![Photo](/listings/photos/41205418/738642)
- ![Photo](/listings/photos/41205418/738643)
- ![Photo](/listings/photos/41205418/738644)
- ![Photo](/listings/photos/41205418/738645)
- ![Photo](/listings/photos/41205418/738646)
- ![Photo](/listings/photos/41205418/738647)
- ![Photo](/listings/photos/41205418/738648)
- ![Photo](/listings/photos/41205418/738649)
- ![Photo](/listings/photos/41205418/738650)
- ![Photo](/listings/photos/41205418/738651)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| MID COTTAGE WHEAL MONTAGUE, NORTH COUNTRY, REDRUTH, KERRIER, CORNWALL, TR16 4AD | £122,000 | 22/02/2006 | Semi-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 |
|---------|-------|------|------|
| LINDEN LEA CLOSE HILL, REDRUTH, CORNWALL, TR15 1EW | £256,000 | 10/11/2022 | Detached |

**Area average:** £256,000 (1 sale)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £363,193 (29 Detached, TR16, 2024–2026)
- **Deviation:** -65.6%

## Rental Range

*ONS Price Index of Private Rents (Cornwall). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £903/mo
- **Realistic:** £1,003/mo
- **Optimistic:** £1,103/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 |
|------|------|------|------|------|
| 2 Bed Bungalow, Beacon View Park, TR16 | £1,200/mo | 2 | 0.88 miles | OpenRent |

**Average rent: £1,200/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.96% (okay)
- **Max investor price (0.8%):** £150,000
- **Target investor price (1%):** £120,000

*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 £1,200/mo).*

- **Gross yield:** 11.5%
- **Cost-to-rent:** 8.7×
- **Monthly cashflow:** £563/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 18.6%

*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).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -17.1%
- **10y growth:** 23.4%

## 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)