3 Bed Terraced House, Cash/Bridging Only, Helston, TR12 7JL, £300,000

TR12 7JL - 2 years ago

Cash
~90 m²
+9 photos

ValuationFair Value

Sold Prices£205K - £465K
Sold Prices/m²£2.1K/m² - £5.5K/m²

 

 

Square Metres

~90.30 m²
Price/m²£3.3K/m²

Value Estimate

£303,000

 

 

End Value (After Refurb)

£309,213

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£39,401

Bridging Loan Interest

£7,875

Total Cash In

£142,726

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£309,213

Mortgage (After Refinance)

£231,909

Mortgage LTV

75%

Cash Released

£6,909

Cash Left In

£135,817

Equity

£77,303

Rent Range

£675 - £1,200

Rent Estimate

£938

Running Costs/mo

£1,174

Cashflow/mo

£-236

Cashflow/yr

£-2,831

Gross Yield

4%

Local Sold Prices

20 sold prices from £205K to £465K, average is £321K. £2.1K/m² to £5.5K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£425K09/230.08 mi20, Mundys Field, Ruan Minor, Helston, Cornwall TR12 7LF3
£360K07/220.08 mi11, Mundys Field, Ruan Minor, Helston, Cornwall TR12 7LF3
£380K03/210.37 mi5, Ledra Close, Ruan Minor, Helston, Cornwall TR12 7LD3
£326K12/220.78 miThe Cottage, Kuggar, Ruan Minor, Helston, Cornwall TR12 7LY3
£465K03/210.83 miFerny Scat, Kuggar, Ruan Minor, Helston, Cornwall TR12 7LY3
£340K12/200.84 miBarn 2, The Coach House, Kuggar, Ruan Minor, Helston, Cornwall TR12 7LY3
£330K03/221.32 miGrochall Cottage, Mile End, The Lizard, Helston, Cornwall TR12 7AS3
£465K03/231.71 miOctagon Villa, Cross Common, The Lizard, Helston, Cornwall TR12 7PE3
£378.8K10/211.71 miDene House, Cross Common, The Lizard, Helston, Cornwall TR12 7PE3
£255K11/201.76 mi7, Mitchell Close, The Lizard, Helston, Cornwall TR12 7RR3
£316K03/231.77 mi22, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£335K12/221.78 mi52, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£265K09/231.79 mi13, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£238K10/201.79 mi2, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£260K12/211.79 mi7, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£205K12/201.81 mi13, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£230K06/211.84 mi3, Henrys Croft, The Lizard, Helston, Cornwall TR12 7AX3
£230K06/211.84 mi3, Henrys Croft, The Lizard, Helston, Cornwall TR12 7AX3
£237.5K02/211.89 miSea Cure, Beacon Terrace, The Lizard, Helston, Cornwall TR12 7PB3
£220K02/212.12 miMorgelynen, Penmenner Road, The Lizard, Helston, Cornwall TR12 7NN3

Local Rents

2 rents from £675/mo to £1.2K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£1,20009/241.71 miParc Garland, Cross Common2
£67509/241.74 miThe Lizard, Helston1

Local Area Statistics

Population in TR12

9,482

Population in Helston

29,289

Town centre distance

8.19 miles away

Nearest school

3.30 miles away

Nearest train station

11.70 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+64%

Property History

Price changed to £300,000

February 24, 2025

Price changed to £320,000

September 30, 2024

Listed for £350,000

March 6, 2023

Floor Plans

Description

Boasting much charm and character, both internally and externally, this thatched cottage sits in the centre of this popular village with the coastal village of Cadgwith on its "doorstep".
Being warmed by night storage heating, the accommodation, in brief, provides a generous lounge and dining area full of character with beamed ceilings and stone fireplace, a nicely fitted kitchen/breakfast room and well appointed bathroom. On the first floor there are three bedrooms. To the outside, at the rear, there is a garden and the bonus of a garage.

Ruan Minor is a vibrant rural village located on the Lizard Peninsula which has been designated as an Area of Outstanding Natural Beauty. Its amenities include a well regarded primary school, playgroup, general stores/post office with coffee shop, doctors' surgery, village hall, church and chapel. Off the centre of the village there is a football club with recreation ground and a super community pavilion bar. A short distance away is the picturesque village of Cadgwith where there is a popular public house. The sandy beach of Kennack is a short drive away. More extensive facilities are available in the market town of Helston some eleven miles distant with amenities that include national stores, cinema and a leisure centre with indoor pool.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)
Stable door, with glass panel, to

LOUNGE/DINING ROOM 6M X 3.5M (19'8" X 11'5")
A room full of character and charm with beamed ceiling, tiling to the floor, interesting fireplace with tiled hearth, wood lintel and slate shelves to the side. Two windows, with window seat arrangements, to the front aspect, one window back through to the sun room at the rear and the room is lit by a number of wall lights. With door to

HALLWAY
With storage cupboard and tiled floor. Opening to

KITCHEN/BREAKFAST ROOM 3.6M X 3.2M NARROWING TO 1.4M (11'9" X 10'5" NARROWING TO 4'7")
'L' shaped with fitted wood kitchen, stone effect worktops incorporating a stainless steel sink drainer and tiled splashbacks. There are a mixture of base and drawer units under, wall units over, beamed ceiling and tiled floors. Spaces are provided for a slot-in cooker and fridge/freezer. Cooker hood, half glazed stable style door to

SUN ROOM 2.6M X 1.58M (8'6" X 5'2" )
With corrugated perspex roof and window and door to the rear aspect.

BATHROOM 2.4M X 1.6M (7'10" X 5'2" )
Nicely appointed comprising a suite with panelled bath with electric shower over and tiled splashback, close coupled W.C., pedestal wash hand basin with light over, part tiling to the walls, tiled floor, extractor, heated towel rail, beamed ceiling and window to the side aspect. The room is lit by a spotlight arrangement. A staircase rises to the

FIRST FLOOR LANDING
With storage cupboard housing the immersion and is shelved. With doors to

BEDROOM ONE 3.6M X 3.3M (11'9" X 10'9" )
With canopied ceiling, window to both side aspects, sink set into a vanity unit with shaver socket and light over and a storage cupboard.

BEDROOM TWO 3.8M X 2.4M (12'5" X 7'10" )
With a canopied ceiling with beams and windows to the front and rear aspects.

BEDROOM THREE 3.2M X 2.2M (10'5" X 7'2" )
With window to the front aspect with window seat arrangement.

OUTSIDE

GARAGE 5.1M X 2.9M (16'8" X 9'6" )
With up and over door, power, light, plumbing for washing machine and window to the side aspect. With service door at the rear.

GARDEN
With a garden to the front with plants and shrubs, whilst to the rear, enclosed by a mixture of fencing and Cornish stone hedging, is a further garden with lawn, planted with trees and shrubs at its borders.

SERVICES
Mains water, electricity and drainage.

COUNCIL TAX BAND
Council Tax Band C.

ANTI MONEY LAUNDERING REGULATIONS
We are required by law to ask all purchasers for verified ID prior to instructing a sale.

PROOF OF FINANCE - PURCHASERS
Prior to agreeing a sale, we will require proof of financial ability to purchase which will include an agreement in principle for a mortgage and/or proof of cash funds.

Agent Details

Christophers, Helston

01326 331637

Next Steps?

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