Affordable properties in Redruth
Mon 28 Nov 2016
In the wake of the Brexit decision, mortgage lenders will be looking for increasingly high deposits, making it even harder for first time buyers to get on the property market. Similarly, landlords looking for buy to let properties which will yield a good return are facing increased stamp duty costs which they have to add into their calculations. So, for both of these groups, affordability is paramount, and the area in and around Redruth may well be where they will find value for their money. The team at Millerson, Redruth, have identified four examples of properties which would make excellent first time buys or rental properties.
Coming in at only £87,500 is a one bedroom first floor flat in a converted period house on Station Hill. It is within easy reach of Redruth town centre and has its own allocated parking space. If you need a bit more space, for £120,000 you might consider a two-bedroom house with garden in Pengover Parc. This is on the outskirts of the town and the property is currently being let out for £650 p.c.m., making it a safe bet for a potential landlord. For a similar price of £125,000 you can buy a two-bedroom ground floor apartment in Sandy Lane. This property was purpose built, with ease of maintenance in mind. Finally, for people with a slightly deeper pocket, and currently being rented out at £695 p.c.m., is a two bedroom detached coach house in Laity Fields, a popular residential development on the edge of Camborne. This house is being marketed at a price of £145,000.
So don’t despair, there are affordable homes out there! If you are interested in any of these properties, or others like them, contact Millerson Redruth on 01209 216367 or visit the website www.millerson.com