According to the public record, Lanarth, Redruth is a mid-century freehold house and with 807 ft2 of internal area and sits on a 1,080 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Four Lanes, Redruth, TR16 is located within the TR16 postal district.
Lanarth, Redruth has 31 entries in the Land Registry database, most recently in November 2019 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Lanarth Redruth as £206,598 and the rental value as £946 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Lanarth Redruth has increased by £608 (0.3%) and its rental value has increased by £30 per month (3.2%).
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 Lanarth, Redruth is in very good condition we estimate a sale value of £216,927 and rental value of £993 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £192,136 and a rental value of £880 per month.
If you were able to purchase this property for the estimated value of £206,598, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,015 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, Lanarth, Redruth sits on a plot of 1080m2.
We have plot size data on 12 out of 14 other houses in the postcode and Lanarth, Redruth sits on the 2nd largest plot.
According to HM Land Registry, Lanarth, Redruth was last sold on 22 Nov 2019 for £230,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Nov 2019, the market for similar properties has risen 29.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Lanarth, Redruth within a radius of 170m over the last 2 years.
The most recent example is 39, Ballard Estate, Redruth, TR16 6QL, a Freehold house which sold for £173,000 in Feb 2023.
Read more about house prices in TR16.
Four Lanes, Redruth, TR16 has a total of 52 addresses. According to our analysis of all the public data, Lanarth, Redruth is the 37th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in TR16.
Lanarth, Redruth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Jul 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to Lanarth, Redruth is Redruth station which is 3.4 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Lanarth, Redruth, 30.9% of property is privately owned with a mortgage and 29.5% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Lanarth, Redruth, 25.7% of residents are recorded as possessing school level qualifications and 22.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Lanarth, Redruth, the average age was 41.2 and the most common age was 52.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Lanarth, Redruth, 0.2% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Lanarth, Redruth, there are an average of 1.6 cars per household.
See below for how this compares to South West and the rest of England & Wales.