Summary - Flat 2, Foundry House, 21 Foundry Row TR15 1AN
1 bed 1 bath Ground Flat
Compact, low-maintenance flat near transport links and local shops.
- Ground-floor one-bedroom flat, approximately 315 sq ft
- Open-plan living area with fitted kitchen
- Allocated off-street parking space included
- Double glazed with electric panel heating
- 999-year lease from 2013; peppercorn ground rent
- Service charge £86.88/month (approx. £1,042.56/year)
- Medium flood risk and above-average local crime
- Small footprint; best suited to single/couple occupancy
This compact ground-floor flat offers straightforward, low-maintenance living close to Redruth town centre and transport links. The open-plan living area with fitted kitchen and a double bedroom suits a first-time buyer or buy-to-let investor seeking immediate occupancy or rental income. With no onward chain and a long lease, purchase is uncomplicated.
Practical features include double glazing, electric heating, an allocated off-street parking space and an EPC C rating. Service charge is £86.88 per month (approx. £1,042.56 annually) and there is a peppercorn ground rent; council tax is in Band A. The property’s footprint is small (about 315 sq ft), so it’s best for single occupants or couples.
Buyers should note material drawbacks: the flat is heated by electric panel heaters only, which can be costly compared with gas heating, and the area records above-average crime levels. There is a medium flood risk locally and the wider neighbourhood ranks as very deprived, which may affect long-term rental demand and resale values.
Overall this is a pragmatic, chain-free purchase with a very long lease (999 years from 2013) and straightforward running costs for buyers who prioritise location, convenience and low initial maintenance rather than large living space or high-end finishes.
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