Project Description

Location
The subject property is situated in a prominent position within The Square in the popular residential village of Lanner, conveniently situated between Falmouth and Redruth.

Lanner is a community village with a good range of facilities including a school, shop and post office, church and chapel and two popular public houses. With great commuter links providing access to Redruth, Falmouth and Truro.

Camborne railway station is located just 6 miles from the property and can be accessed within 16 minutes by car.

Description
In need of modernisation this substantial detached family home would benafit from a programme of refurbishment throughout.

To the ground floor the accommodation comprises a spacious hallway, two generous reception rooms and a modern fitted kitchen having eye level and base units with laminate work surfaces, sink and drainer and space for hob/oven and white goods.

At first floor level there are three large bedrooms and family bathroom.

Externally the property enjoys a sizeable rear garden and grounds ideal for outdoor entertaining. Location
The subject property is situated in a prominent position within The Square in the popular residential village of Lanner, conveniently situated between Falmouth and Redruth.

Lanner is a community village with a good range of facilities including a school, shop and post office, church and chapel and two popular public houses. With great commuter links providing access to Redruth, Falmouth and Truro.

Camborne railway station is located just 6 miles from the property and can be accessed within 16 minutes by car.

Accommodation
Property not measured.

Services
We understand the property has mains gas, electric, water and drainage.

Tenure
Freehold

Investment AnalysisWe understand the property was previously let firstly as a family home at £795 pcm (£9,540 pa) representing a gross yield of 5.64%. It has also been let on a room by room basis at £350 per room per month (£16,800 pa) representing a gross yield of 9.94%.

We understand there may be potential to increase the rental income, providing a schedule of repairs are carried out.

Council Tax
The property is rated in Council Tax Band C. Council Tax payable (2015/16) is £1,439.78

*Guide Price
£177,500+

Please note an inspection of this property has not been undertaken.

Viewing by Appointment

To view this property, please contact John Pye Property – property@johnpye.co.uk – 0115 970 6060

Please click the following link to access the legal pack documents – http://www.johnpye.auctiondocs.com/

Address

The House In The Square
The Square
Lanner
Redruth
Cornwall
TR16 6EA

Features

✓ Spacious detached property
✓ In need of modernisation
✓ Three spacious bedrooms
✓ Kitchen & bathroom
✓ Rear garden and grounds
✓ Separate WC
✓ Popular residential location
✓ Previously rented as a family home and on a room by room basis
✓ We believe the property could achieve £800 pcm as one house or £350 pcm per room on a house share basis

Contact

Matt Kirk
Phone: 0115 970 6060
Email: property@johnpye.co.uk
Our Ref: PR172

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