3 Bed Terraced House, Refurb/BRRR, Helston, TR13 0RW, £180,000

3 Merther Close, Helston, Cornwall, TR13 0RW - 1 views - a year ago

Sold STC
Cash
Refurb/BRRR
Planning
~90 m²
+15 photos

ValuationFair Value

Sold Prices£170K - £725K
Sold Prices/m²£1.9K/m² - £6.4K/m²

 

 

Square Metres

~90 m²
Price/m²£2K/m²

Value Estimate

£181,800

 

 

End Value (After Refurb)

£300,368

Uplift in Value

+67%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£39,474

Bridging Loan Interest

£4,725

Total Cash In

£97,549

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£300,368

Agent Fees (1%)

£3,004

Bridging Loan

£135,000

Bridging Loan Interest

£4,725

Flip Profit

£64,815

Local Sold Prices

53 sold prices from £170K to £725K, average is £280K. £1.9K/m² to £6.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£725K10/230.9 miMount Pascoe, Wheal Vor, Breage, Helston, Cornwall TR13 9NH3
£185K05/231.1 mi2, Coaches Corner, Breage, Helston, Cornwall TR13 9PD3
£425K04/241.14 mi8, Fowlfield Row, Breage, Helston, Cornwall TR13 9PQ3
£320K04/211.16 miRose Cottage, Higher Road, Breage, Helston, Cornwall TR13 9PJ3
£492K01/211.24 miWoodlee, Chynhale, Sithney, Helston, Cornwall TR13 0RX3
£280K05/211.39 miMeadowlands, Old Hill, Helston, Cornwall TR13 8HT3
£430K08/231.39 miMelyn Vounder, Mill Lane, Helston, Cornwall TR13 8HG3
£300K12/201.41 mi7, Troon Row, Breage, Helston, Cornwall TR13 9PY3
£325K03/211.42 mi52, Orchard Close, Helston, Cornwall TR13 8UT3
£370K07/231.43 mi21, Tregarrick Close, Helston, Cornwall TR13 8YA3
£375K12/211.43 mi22, Gwealhellis Warren, Helston, Cornwall TR13 8PQ3
£280K03/241.43 mi11, Gwealhellis Warren, Helston, Cornwall TR13 8PQ3
£280K03/241.43 mi11, Gwealhellis Warren, Helston, Cornwall TR13 8PQ3
£180K02/211.43 mi2, Gweal Wartha, Helston, Cornwall TR13 0SN3
£280K07/231.43 mi53, Gweal Wartha, Helston, Cornwall TR13 0SN3
£240K04/241.43 mi29, Gweal Wartha, Helston, Cornwall TR13 0SN3
£240K04/241.43 mi29, Gweal Wartha, Helston, Cornwall TR13 0SN3
£280K03/241.43 mi47, Gweal Wartha, Helston, Cornwall TR13 0SN3
£200K01/211.45 mi26, Nanscober Place, Helston, Cornwall TR13 0SP3
£250K07/211.45 mi11, Nanscober Place, Helston, Cornwall TR13 0SP3
£350K07/211.47 mi23, Marconi Close, Helston, Cornwall TR13 8PD3
£275K11/221.47 mi1, Gweal Wartha, Helston, Cornwall TR13 0SN3
£440K11/221.49 mi10, St Elvan Crescent, Porthleven, Helston, Cornwall TR13 9NA3
£215K06/211.5 mi21, Trenance Close, Helston, Cornwall TR13 8UX3
£272K07/231.5 mi45, Osborne Parc, Helston, Cornwall TR13 8NZ3
£426K07/231.52 mi69, Osborne Parc, Helston, Cornwall TR13 8TZ3
£260K12/221.53 mi1, Carne View, Crowntown, Helston, Cornwall TR13 0AA3
£195K12/221.53 mi4, Broad Walk, Helston, Cornwall TR13 0DJ3
£317.5K06/211.55 miChy-an-eglos, Grylls Parc, Helston, Cornwall TR13 8PE3
£230K11/201.58 mi55, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£194K01/211.58 mi25, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£298K09/231.58 mi57, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£280K10/231.58 mi27, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£280K12/231.58 mi29, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£280K12/231.58 mi29, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£292K03/211.59 mi29, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£275K05/211.59 mi39, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£455K07/231.59 mi51, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£178K12/231.59 mi17, Cross Street, Helston, Cornwall TR13 8NG3
£355K08/231.59 mi18, Belmont Road, Helston, Cornwall TR13 8UA3
£242K10/221.6 mi5, Almshouse Hill, Helston, Cornwall TR13 8HB3
£329.9K10/211.6 mi112, Pendeen Park, Helston, Cornwall TR13 0SL3
£295K01/231.6 mi174, Pendeen Park, Helston, Cornwall TR13 0SL3
£235K02/231.62 mi5, Castle Green, Helston, Cornwall TR13 8EY3
£300K08/221.64 mi7, West View, Porthleven, Helston, Cornwall TR13 9LN3
£359.5K03/231.64 mi22, West View, Porthleven, Helston, Cornwall TR13 9LN3
£335K08/231.64 mi15, West View, Porthleven, Helston, Cornwall TR13 9LN3
£260K06/231.65 mi12, South View, Porthleven, Helston, Cornwall TR13 9LS3
£499.9K08/231.65 mi4, Praze Road, Porthleven, Helston, Cornwall TR13 9LR3
£306K04/211.65 miChy Vean, Coinagehall Street, Helston, Cornwall TR13 8EU3
£170K12/201.69 mi15b, Church Street, Helston, Cornwall TR13 8TD3
£425K01/231.71 miFive Wells House, Five Wells Lane, Helston, Cornwall TR13 8PG3
£390K07/231.71 mi3, Mill Close, Porthleven, Helston, Cornwall TR13 9LH3

Local Rents

40 rents from £650/mo to £1.8K/mo, average is £988/mo.

RentDateDistanceAddressBeds 
£1,00004/241.14 mi-2
£92509/241.4 miOrchard Close, Helston, Cornwall, TR132
£1,30003/251.46 mi-3
£84509/241.47 mi-2
£1,60002/241.5 mi-4
£87509/241.5 miGweal Wartha, Helston2
£87509/241.53 miNansevrus Bungalow, Crowntown, Helston, TR132
£1,17509/241.56 mi-3
£1,20004/251.56 mi-3
£75005/241.57 mi-1
£65006/241.58 mi-1
£80003/251.63 mi-1
£92509/241.69 miChurch Street, Helston, Cornwall2
£92509/241.7 miFive Wells Lane, Helston, Cornwall2
£1,20010/241.8 mi-3
£75009/241.87 mi-1
£95012/241.88 mi-2
£95001/251.88 mi-2
£95009/241.88 miSeneschall Park, Helston, TR132
£97508/241.88 mi-2
£75009/241.89 miCrosswalla Fields, Helston1
£1,20011/241.9 mi-3
£1,20004/251.9 mi-3
£1,40009/241.91 miTrenithick Avenue, Helston, TR135
£89507/241.95 mi-1
£1,25004/251.98 mi-3
£1,35009/241.98 miFalmouth Road, Helston3
£1,35009/241.99 miFalmouth Road, Helston3
£1,80009/242.01 miFalmouth Road, Helston5
£1,35009/242.02 miFalmouth Road, Helston3
£1,45009/242.02 miFalmouth Road, Helston3
£1,80009/242.02 miFalmouth Road, Helston5
£1,80009/242.03 miFalmouth Road, Helston5
£1,45009/242.03 miFalmouth Road, Helston3
£75003/252.03 mi-2
£95009/242.08 miForth Gwedhen, Heslton2
£1,19509/242.19 mi-3
£90009/242.28 miPlover Avenue, Helston, Cornwall2
£90009/242.3 miHellis Wartha, Helston, TR132
£1,35009/242.39 miFalmouth Road, Helston3

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

2.04 miles away

Nearest school

0.70 miles away

Nearest train station

6.71 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £180,000

April 4, 2024

Sold for £120,000

2013

Floor Plans

Description

  • END OF TERRACED HOUSE +
  • THREE BEDROOMS +
  • LARGE PLOT +
  • COUNTRYSIDE VIEWS +
  • OUTHOUSE +
  • COUNCIL TAX BAND -A +
  • EPC-F-24 +

CALLING ALL CASH BUYERS!!!! This three bedroom end of terraced house is located on a corner plot and is in need of some updating. However, with its larger than average plot size and potential to be transformed, it presents an exciting opportunity. Due to it's construction we have been informed by our clients that the property is only suitable for cash buyers!! The living room is a great space to curl up in front of the TV and the separate kitchen and dining room provides a great social space. With the correct planning permission, this area could be opened up to one large room. Upstairs there are two large double bedrooms and a good size single and a low-maintenance shower room. The garden is what makes this property stand out and is split into three sections. To the front of the property, there is an area of lawn, whilst the middle section has a patio area and section of gravel making it a great space to socialise and low maintenance. To the rear of the property, there is a larger area of lawn with a large outbuilding which further benefits from fantastic countryside views.

Guide Price £180,000 -

Location - Sithney is set amidst beautifully unspoilt countryside of open fields and surrounding woodland and is situated within a convenient distance of Helston, the popular fishing village Porthleven, Hayle, Camborne and Penzance. The village itself has a Church and Primary School, with wider variety of amenities available in the above mentioned towns and villages. There is a bus stop by the garage which provides easy access to Helston and is also on the local school bus run.

Accommodation - Entrance Hallway
Living Room
Kitchen
Dining Room
Stairs to Landing
Shower Room
Bedroom 1
Bedroom 2
Bedroom 3

Outside - This beautiful corner plot garden is the perfect outdoor oasis. As you enter the garden, you are greeted by a large lawn, perfect for outdoor games and activities. Moving further in, you'll find a gravelled section, ideal for soaking up the sun and enjoying the outdoors without the worry of maintenance. The bottom of the garden is again laid to lawn and edged with lush shrubs for added privacy. This garden is perfect for entertaining, relaxing, and making the most of the great outdoors.

Outhouse - A great space for storage or as a potential work shop. With electric inside.

Agents Note - Due to the construction our clients have informed us that it is only suitable for cash purchasers.

Agents Note 2 - The property is subject to a 157 Local Housing Restriction whereby it means that the property can only be sold to somebody who has lived or worked in Cornwall for the last 3 years immediately preceding their application to purchase. Purchasers will need to be qualified by Cornwall Council and there may be a cost involved.

Agents Note 3 - Number 3 and 4 have shared access and responsibility for the path.

Agents Note 4 - The annual service charge for 2023 - 2024 is £770.01 payable to Coastline Housing.

Services - Mains electricity, water. Private drainage. Electric boiler for the water. The radiators have been disconnected.

Council Tax Band-A -

Anti Money Laundering Regulations - Purchasers - It is a legal requirement that we receive verified ID from all buyers before a sale can be instructed. We ask for your cooperation on this matter to ensure there is no unnecessary delay in agreeing a sale. We will inform you of the process once your offer has been accepted.

Proof Of Finance - Purchasers - Before agreeing a sale, we will require proof of your financial ability to purchase. Again, we ask for your cooperation on this matter to avoid any unnecessary delays in agreeing a sale and we will inform you of what we require prior to agreeing a sale.

Agent Details

Mather Partnership, Helston

01326 332051

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.