2 Bed Terraced House, Cash/Bridging Only, Helston, TR13 8NA, £235,000

11a Lady Street, Helston, TR13 8NA - a year ago

Cash
ROI: 1%
52 m²
+11 photos

ValuationOvervalued

Sold Prices£126.8K - £350K
Sold Prices/m²£1.8K/m² - £5.1K/m²

 

 

Square Metres

52 m²
Price/m²£4.5K/m²

Value Estimate

£169,914

 

 

End Value (After Refurb)

£214,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£15,150

Refurb Costs

£22,807

Bridging Loan Interest

£6,169

Total Cash In

£104,626

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£214,500

Mortgage (After Refinance)

£160,875

Mortgage LTV

75%

Cash Left In

£104,626

Equity

£53,625

Rent Range

£875 - £975

Rent Estimate

£930

Running Costs/mo

£876

Cashflow/mo

£54

Cashflow/yr

£644

ROI

1%

Gross Yield

5%

Local Sold Prices

52 sold prices from £126.8K to £350K, average is £211K. £1.8K/m² to £5.1K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£160K01/240 mi15, Lady Street, Helston, Cornwall TR13 8NA2
£212K10/230.04 mi3, Nettles Hill, Helston, Cornwall TR13 8HD2
£191.5K06/210.06 mi12, Cross Street, Helston, Cornwall TR13 8NG2
£175K10/230.12 mi30, Church Street, Helston, Cornwall TR13 8TQ2
£250K05/230.18 miThe Little House, St Johns Road, Helston, Cornwall TR13 8HW2
£189.5K05/210.19 mi3a, Church Hill, Helston, Cornwall TR13 8NN2
£240K08/230.19 mi3a, Church Hill, Helston, Cornwall TR13 8NN2
£159.9K05/210.21 mi43b, Wendron Street, Helston, Cornwall TR13 8PT2
£235K04/230.21 mi11, Penrose Road, Helston, Cornwall TR13 8TP2
£245K11/230.21 mi6, Penrose Road, Helston, Cornwall TR13 8TP2
£245K11/230.21 mi6, Penrose Road, Helston, Cornwall TR13 8TP2
£235K12/200.22 mi2, Penview Crescent, Helston, Cornwall TR13 8RX2
£215K02/240.24 mi4, Parc An Dower, Helston, Cornwall TR13 8AQ2
£225.8K04/230.25 mi5, Furry Way, Helston, Cornwall TR13 8SN2
£172K05/210.28 mi32, Trevenen Road, Helston, Cornwall TR13 8AH2
£350K11/210.29 mi1, Castel Wary Close, Helston, Cornwall TR13 8SF2
£150K01/210.36 mi12, Trengrouse Way, Helston, Cornwall TR13 8AF2
£200K04/210.36 mi34, Godolphin Road, Helston, Cornwall TR13 8QD2
£270K09/230.36 miHazeldene, Sanctuary Lane, Helston, Cornwall TR13 8UG2
£305K09/220.38 mi4, Gwealhellis Warren, Helston, Cornwall TR13 8PQ2
£158.5K11/200.4 mi77, Trelawney Road, Helston, Cornwall TR13 8AT2
£163K02/210.4 mi95, Trelawney Road, Helston, Cornwall TR13 8AT2
£170K11/200.41 mi129, Meneage Street, Helston, Cornwall TR13 8RW2
£200K02/230.41 mi129, Meneage Street, Helston, Cornwall TR13 8RW2
£225K06/230.44 mi4, Whitehill Terrace, Helston, Cornwall TR13 8SQ2
£232K10/230.44 mi2, Whitehill Terrace, Helston, Cornwall TR13 8SQ2
£270.5K10/230.45 mi1, Jubilee Terrace, Helston, Cornwall TR13 8JB2
£175K11/220.46 mi147, Meneage Street, Helston, Cornwall TR13 8RS2
£165K06/210.55 mi15, Kellaway Park, Helston, Cornwall TR13 8QU2
£192K03/230.65 miWoodstock, 2, Canons Place, Helston, Cornwall TR13 8LS2
£250K08/210.72 mi15, Pendeen Park, Helston, Cornwall TR13 0DL2
£295K03/230.72 mi2, Pendeen Park, Helston, Cornwall TR13 0DL2
£225K11/230.72 mi20, Hawkins Way, Helston, Cornwall TR13 8FQ2
£225K11/230.72 mi20, Hawkins Way, Helston, Cornwall TR13 8FQ2
£215K03/240.72 mi17, Hawkins Way, Helston, Cornwall TR13 8FQ2
£285K09/230.72 mi5, Gwealdues, Helston, Cornwall TR13 8LA2
£161.3K11/200.74 mi23, Hellis Wartha, Helston, Cornwall TR13 8WE2
£140.6K01/210.74 mi74, Hellis Wartha, Helston, Cornwall TR13 8WE2
£142.5K02/210.74 mi22, Hellis Wartha, Helston, Cornwall TR13 8WE2
£172.5K09/220.74 mi75, Hellis Wartha, Helston, Cornwall TR13 8WE2
£240K01/210.77 mi2, Trenethick Close, Helston, Cornwall TR13 8LQ2
£157.5K12/220.77 mi55, Hellis Wartha, Helston, Cornwall TR13 8WE2
£183K03/210.8 mi29, Nanscober Place, Helston, Cornwall TR13 0SP2
£160K12/210.8 mi20, Nanscober Place, Helston, Cornwall TR13 0SP2
£198K07/230.8 mi31, Nanscober Place, Helston, Cornwall TR13 0SP2
£215K11/230.8 mi40, Nanscober Place, Helston, Cornwall TR13 0SP2
£230K12/230.8 mi28, Nanscober Place, Helston, Cornwall TR13 0SP2
£126.8K11/210.81 mi12, Tregarrick View, Helston, Cornwall TR13 8GU2
£136.5K01/210.82 mi26, Plover Avenue, Helston, Cornwall TR13 8FW2
£210K11/200.84 mi25, Barton Close, Helston, Cornwall TR13 8LL2
£280K11/230.9 mi20, Trenethick Avenue, Helston, Cornwall TR13 8LU2
£216.5K02/230.93 mi76, Manor Way, Helston, Cornwall TR13 8LZ2

Local Rents

11 rents from £875/mo to £975/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£92509/240.06 miFive Wells Lane, Helston, Cornwall2
£92509/240.12 miChurch Street, Helston, Cornwall2
£92509/240.5 miOrchard Close, Helston, Cornwall, TR132
£90009/240.74 miHellis Wartha, Helston, TR132
£87509/240.76 miGweal Wartha, Helston2
£90009/240.82 miPlover Avenue, Helston, Cornwall2
£95012/241.02 mi-2
£95001/251.02 mi-2
£95009/241.02 miSeneschall Park, Helston, TR132
£97508/241.02 mi-2
£95009/241.09 miForth Gwedhen, Heslton2

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

0.40 miles away

Nearest school

0.30 miles away

Nearest train station

7.61 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Price changed to £235,000

January 23, 2025

Listed for £249,950

April 15, 2024

Floor Plans

Description

  • CLOSE TO TOWN CENTRE +
  • REAR WALLED GARDEN +
  • ALLOCATED PARKING SPACE +
  • TWO BEDROOM SEMI DETACHED COTTAGE +
  • FREEHOLD +
  • COUNCIL TAX BAND B +
  • EPC - D - 60 +

Situated in the traditional heart of the Cornish market town of Helston, within the conservation area, is this two bedroom, semi-detached cottage of immense charm and character. The Grade II listed residence, which benefits from mains gas central heating, is well proportioned and enjoys views towards St. Michael's Church. To the outside and at the rear of the residence is a pleasant wall enclosed garden which would seem ideal for al fresco dining. With parking being at a premium at times in the area, purchasers will, we are sure, delight in the allocated parking space which is located close to the property.

In brief, the accommodation comprises, on the ground floor, an entrance area and an open plan
lounge/kitchen/diner. On the first floor is a shower room and two bedrooms.

Helston itself is a bustling market town that stands as a gateway to The Lizard Peninsula which is designated as an area of outstanding natural beauty with many beautiful beaches, coves and cliff top walks. The town has amenities that include, national stores, supermarkets, doctor surgeries, churches and also many clubs and societies. There are a number of well regarded primary schools, a comprehensive school with sixth form college and a leisure centre with indoor heated pool.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)
Step up and door to -

ENTRANCE AREA
With tiled floor, step up and door to -

LOUNGE/KITCHEN/DINER 7.01M X 4.11M NARROWING TO 3.20M
(23' X 13'6" NARROWING TO 10'6")
An open plan, dual aspect room with outlook to the front and French doors to the rear garden.

KITCHEN AREA
Comprising working top surfaces incorporating a ceramic, one and a half bowl sink unit with drainer and mixer tap over, cupboards and drawers under and wall cupboards with shelving over. There is an oven, electric hob with hood over and an integrated washing machine and fridge. There are partially tiled walls and a built-in cupboard houses the boiler.

STAIRS & LANDING
Stairs with wood bannister and glass balustrading ascend to the -

FIRST FLOOR LANDING
Doors to both bedrooms and door to -

SHOWER ROOM
Comprising a shower cubicle with both rain and flexible shower heads, a close coupled W.C. and a washbasin with cupboards under and mixer tap over. There is a heated towel rail.

BEDROOM ONE 3.43M X 3.51M NARROWING TO 2.74M (11'3" X 11'6" NARROWING TO 9' )
With outlook to the front.

BEDROOM TWO 2.51M X 2.13M PLUS RECESS (8'3" X 7' PLUS RECESS)
With outlook to the rear and towards St. Michael's Church.

OUTSIDE
To the rear of the property is a pleasant wall enclosed garden which would seem ideal for al fresco dining. Views can be enjoyed towards St. Michael's Church.

PARKING
The property has an allocated parking space.

AGENTS NOTE
We are advised that there is a vehicular right of way in favour of 11A Lady Street through the archway to the side to access the parking space.

AGENTS NOTE TWO
We are advised that there is a pedestrian right of way through the archway to the side of the property to access the rear garden.

AGENTS NOTE THREE
We are advised that the property is Grade II listed and is located within a conservation area.

SERVICES
Mains electricity, water, gas and drainage.

COUNCIL TAX BAND
Council Tax Band B.

MOBILE AND BROADBAND COVERAGE
To check the broadband coverage for this property please visit check mobile phone coverage please visit

ANTI-MONEY LAUNDERING
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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