2 Bed Detached House, Cash/Bridging Only, Helston, TR13 9DN, £175,000

Porthleven TR13 9DN - 3 views - a year ago

Under Offer
Cash
ROI: 1%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£220K - £490K
Sold Prices/m²£2.8K/m² - £8.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£195,649
BMV3%

 

 

End Value (After Refurb)

£254,702

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,899

Refurb Costs

£29,873

Bridging Loan Interest

£4,594

Total Cash In

£86,865

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£254,702

Agent Fees (1%)

£2,547

Bridging Loan

£131,250

Bridging Loan Interest

£4,594

Flip Profit

£34,039

Local Sold Prices

20 sold prices from £220K to £490K, average is £323K. £2.8K/m² to £8.5K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£300K12/220 mi7a, The Gue, Porthleven, Helston, Cornwall TR13 9DN2
£400K07/210 mi8, The Gue, Porthleven, Helston, Cornwall TR13 9DN2
£246.5K10/200 mi7a, The Gue, Porthleven, Helston, Cornwall TR13 9DN2
£255K04/210.03 miChy An Mor, The Gue, Porthleven, Helston, Cornwall TR13 9HX2
£220K12/200.04 mi15, Thomas Street, Porthleven, Helston, Cornwall TR13 9DG2
£230K07/230.07 mi9, Thomas Terrace, Porthleven, Helston, Cornwall TR13 9DE2
£330K11/210.11 mi13, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB2
£326K12/230.11 mi13, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB2
£320K12/220.12 miAnchorage, Unity Road, Porthleven, Helston, Cornwall TR13 9DA2
£345K12/200.13 mi8, Balfield Road, Porthleven, Helston, Cornwall TR13 9BQ2
£395K03/240.16 mi11, St Pirans Parc, Porthleven, Helston, Cornwall TR13 9BD2
£490K05/240.22 miSailaway Cottage, Institute Hill, Porthleven, Helston, Cornwall TR13 9DW2
£425K11/210.29 miTamarisk, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9EL2
£257K06/230.34 mi14, South View, Porthleven, Helston, Cornwall TR13 9LS2
£422K12/200.36 miMariners 2, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9ER2
£240K11/230.37 mi9, West View, Porthleven, Helston, Cornwall TR13 9LN2
£285K11/200.38 mi7, Penponds Road, Porthleven, Helston, Cornwall TR13 9LL2
£331K04/240.38 mi46, Penponds Road, Porthleven, Helston, Cornwall TR13 9LL2
£235K04/210.4 mi48, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP2
£350K11/210.44 mi7, Treza Road, Porthleven, Helston, Cornwall TR13 9NB2

Local Rents

16 rents from £650/mo to £1.6K/mo, average is £963/mo.

RentDateDistanceAddressBeds 
£89508/240.07 mi-1
£1,20011/240.08 mi-3
£75003/250.18 mi-2
£65007/241.89 mi-1
£75005/241.91 mi-1
£1,00004/241.97 mi-2
£92509/242 miFive Wells Lane, Helston, Cornwall2
£1,60002/242.09 mi-4
£92509/242.09 miChurch Street, Helston, Cornwall2
£75009/242.24 mi-1
£1,30003/252.25 mi-3
£92509/242.25 miOrchard Close, Helston, Cornwall, TR132
£1,20010/242.27 mi-3
£1,35009/242.3 miFalmouth Road, Helston3
£1,17509/242.41 mi-3
£1,20003/252.41 mi-3

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

2.16 miles away

Nearest school

0.40 miles away

Nearest train station

8.28 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Price changed to £175,000

December 4, 2024

Listed for £189,950

January 20, 2024

Description

  • HEART OF THE VILLAGE +
  • DETACHED +
  • TWO BEDROOMS +

Situated in the well regarded residential area of The Gue, in the heart of the Cornish fishing village of Porthleven is this two bedroom, detached house. The residence, which benefits from double glazing, has night storage heating and an attractive fireplace acts as a focal point for the room.

In brief, the accommodation comprises a hall, bathroom and completing the ground floor an open plan lounge/kitchen/diner/ On the first floor are two bedrooms.

Porthleven is a thriving seaside Cornish fishing village with its large harbour providing a focal point. Around this cluster many pubs, restaurants and businesses. The village provides facilities to cater for everyday needs as well as a primary school, whilst the more comprehensive amenities of Helston are a few miles distant and these include national stores, cinema and sports centre with indoor swimming pool.

Situated between Helston and Porthleven is the beautiful Penrose Estate which is managed by The National Trust and where one may delight in the many walks and trails through the Cornish countryside around Loe Pool which is Cornwall's largest natural fresh water lake. Porthleven has a prize winning brass band which, on many a summer's Sunday evening, can be heard echoing around the village, creating atmosphere and ambience for both residents and visitors.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)

STEPS UP AND DOOR TO

HALL
With tiled floor, door to the lounge/kitchen/diner and door to

BATHROOM
Comprising bath with shower over, close coupled w.c. and a pedestal wash hand basin. There is tiled floor, part tiled walls, towel rail and an obscured window.

LOUNGE/KITCHEN/DINER 5.33M X 3.51M AVERAGE MEASUREMENTS
(17'6" X 11'6" AVERAGE MEASUREMENTS)
With outlook and door to the outside. An open plan room with beamed ceiling and having a feature fireplace with tiled hearth, surround and mantel over housing an open fire (not known if in working order). To the side of the fireplace is alcove shelving.

KITCHEN AREA
Comprising working top surfaces incorporating a sink unit with drainer and mixer tap over, cupboards and drawers under and wall cupboards over. Built in appliances include an oven with hob over.

STAIRS AND LANDING
With outlook to The Gue side of the property and doors to

BEDROOM ONE 4.04M X 3.20M (13'3" X 10'6")
With outlook to the front, having a built in cupboard housing a water tank with immersion heater.

BEDROOM TWO 2.82M X 2.29M (9'3" X 7'6")
With outlook to the front and having a built in cupboard. There is access to the loft.

SERVICES
Mains electricity, water and drainage.

AGENTS NOTE
We are advised that the courtyard next to the property is shared with neighbouring properties.

COUNCIL TAX BAND
Band C

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

PROOF OF FUNDS - 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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