3 Bed Bungalow, Cash/Bridging Only, Helston, TR13 9LJ, £400,000

26 Methleigh Parc, Porthleven, TR13 9LJ - a year ago

Under Offer
Cash
~124 m²
+16 photos

ValuationFair Value

Sold Prices£210K - £650K
Sold Prices/m²£2.5K/m² - £6.4K/m²

 

 

Square Metres

~123.60 m²
Price/m²£3.2K/m²

Value Estimate

£400,000

 

 

End Value (After Refurb)

£475,316

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£54,211

Bridging Loan Interest

£10,500

Total Cash In

£197,661

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£475,316

Mortgage (After Refinance)

£356,487

Mortgage LTV

75%

Cash Released

£56,487

Cash Left In

£141,174

Equity

£118,829

Rent Range

£650 - £1,600

Rent Estimate

£1,046

Running Costs/mo

£1,715

Cashflow/mo

£-669

Cashflow/yr

£-8,023

Gross Yield

3%

Local Sold Prices

42 sold prices from £210K to £650K, average is £336.6K. £2.5K/m² to £6.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£265K05/210.18 mi5, Wellington Terrace, Porthleven, Helston, Cornwall TR13 9HU3
£445K03/240.18 mi5, Reeves Close, Porthleven, Helston, Cornwall TR13 9PB3
£495K07/230.18 mi3, Reeves Close, Porthleven, Helston, Cornwall TR13 9PB3
£281.5K11/220.18 mi10, Wellington Terrace, Porthleven, Helston, Cornwall TR13 9HU3
£465K12/210.19 mi10, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB3
£372.5K10/220.19 mi4, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB3
£390K07/230.19 mi3, Mill Close, Porthleven, Helston, Cornwall TR13 9LH3
£322.5K06/230.19 miLyndhurst, Thomas Terrace, Porthleven, Helston, Cornwall TR13 9DE3
£327.5K04/210.21 mi10, Peverell Road, Porthleven, Helston, Cornwall TR13 9DH3
£257K12/200.21 mi6, Peverell Road, Porthleven, Helston, Cornwall TR13 9DH3
£360K03/230.23 mi6, Bickford Crescent, Porthleven, Helston, Cornwall TR13 9AG3
£430K01/210.24 mi14, Claremont Terrace, Porthleven, Helston, Cornwall TR13 9JU3
£420K06/210.24 mi43, St Peters Way, Porthleven, Helston, Cornwall TR13 9AZ3
£260K06/230.25 mi12, South View, Porthleven, Helston, Cornwall TR13 9LS3
£335K08/230.25 mi15, West View, Porthleven, Helston, Cornwall TR13 9LN3
£359.5K03/230.25 mi22, West View, Porthleven, Helston, Cornwall TR13 9LN3
£279.5K05/230.26 mi19, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£278K12/230.26 mi17, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£300K08/220.26 mi7, West View, Porthleven, Helston, Cornwall TR13 9LN3
£235K04/210.26 mi9, Tor Close, Porthleven, Helston, Cornwall TR13 9AE3
£338.2K12/200.27 mi11, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£370K08/230.27 mi61, St Peters Way, Porthleven, Helston, Cornwall TR13 9BB3
£455K10/230.27 mi4, Bay View Terrace, Porthleven, Helston, Cornwall TR13 9JQ3
£210K07/210.28 mi21, Parc An Maen, Porthleven, Helston, Cornwall TR13 9AU3
£320K03/240.28 mi13, Parc An Maen, Porthleven, Helston, Cornwall TR13 9AU3
£499.9K08/230.28 mi4, Praze Road, Porthleven, Helston, Cornwall TR13 9LR3
£357K10/200.29 mi3, Balfield Road, Porthleven, Helston, Cornwall TR13 9BQ3
£262.5K09/230.31 mi22, Gibson Way, Porthleven, Helston, Cornwall TR13 9AW3
£275K05/210.31 mi39, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£292K03/210.31 mi29, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£455K07/230.31 mi51, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£465K03/240.32 mi29, St Pirans Parc, Porthleven, Helston, Cornwall TR13 9BD3
£515K02/230.32 mi25, St Pirans Parc, Porthleven, Helston, Cornwall TR13 9BD3
£250K12/230.34 mi9, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£230K12/200.34 mi1, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£350K04/230.34 mi14, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£285K05/240.35 mi80, Wheal Rose, Porthleven, Helston, Cornwall TR13 9AT3
£300K11/200.37 mi2, Warren Close, Porthleven, Helston, Cornwall TR13 9BL3
£220K02/240.39 mi21, Wheal Rose, Porthleven, Helston, Cornwall TR13 9AS3
£440K11/220.4 mi10, St Elvan Crescent, Porthleven, Helston, Cornwall TR13 9NA3
£472.5K12/200.51 miNeptune House, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9ER3
£650K12/200.64 miLodge House, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9ES3

Local Rents

17 rents from £650/mo to £1.6K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£89508/240.1 mi-1
£75003/250.14 mi-2
£1,20011/240.18 mi-3
£1,00004/241.82 mi-2
£65007/241.95 mi-1
£75005/241.97 mi-1
£92509/242.07 miFive Wells Lane, Helston, Cornwall2
£1,60002/242.13 mi-4
£1,35009/242.13 miFalmouth Road, Helston3
£92509/242.15 miChurch Street, Helston, Cornwall2
£92509/242.29 miOrchard Close, Helston, Cornwall, TR132
£1,30003/252.29 mi-3
£75009/242.31 mi-1
£1,20010/242.34 mi-3
£1,19509/242.39 mi-3
£1,17509/242.45 mi-3
£1,20003/252.45 mi-3

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

2.25 miles away

Nearest school

0.40 miles away

Nearest train station

8.12 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Price changed to £400,000

December 17, 2024

Listed for £450,000

April 30, 2024

Floor Plans

Description

  • CLOSE TO VILLAGE +
  • CONSERVATORY +
  • WELL ESTABLISHED GARDEN +
  • INTEGRAL GARAGE & PARKING +

Situated in the highly regarded residential area of Methleigh Parc in the heart of the sought after Cornish fishing village of Porthleven, is this detached, three bedroom bungalow. The residence, which benefits from oil fired central heating and double glazing, is well proportioned and enjoys views over the Moors Playing Fields.

In brief, the accommodation comprises an entrance area, hall, lounge, kitchen/diner, utility room, W.C., wet room, conservatory and three bedrooms. To the outside a driveway provides parking and leads to an integral garage. Good sized gardens cradle the residence with well established plants and shrubs, lawn, patio area and a small fishpond.

Porthleven is a vibrant, picturesque fishing village and mainland Britain's most southerly port. The village is renowned for its many highly regarded restaurants, long beach, surfing, rugged coastline and clifftop walks. Community groups are thriving within the village with sports' clubs and a prize winning brass band which can be heard echoing around the harbour on many a summer's Sunday evening. Local amenities include shops, restaurants, Public Houses, galleries, supermarket, doctors' surgery and a well regarded primary school.

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

ENTRANCE AREA
With door to -

HALL
With doors to all bedrooms, kitchen/diner, built-in cupboard, boiler (not currently working), access to the loft and door to;

LOUNGE 4.50M X 4.04M MAX MEASUREMENTS (14'9" X 13'3" MAX MEASUREMENTS)
Outlook to the front, over the Moors Playing Fields. Feature fireplace with hearth, surround and mantel over and housing a wood burner.

KITCHEN/DINER 7.32M X 3.58M NARROWING TO 3.35M (24' X 11'9" NARROWING TO 11')
A large, dual aspect open plan room with door to the rear garden.

The kitchen comprises working top surfaces incorporating a one and a half bowl sink unit with drainer, cupboards and drawers under and wall cupboards over. There is a built-in double oven, hob with hood over and space for a dishwasher and washing machine. There are partially tiled walls.

UTILITY ROOM 3.73M NARROWING TO 1.60M X 2.59M (12'3" NARROWING TO 5'3" X 8'6")
With outlook and door to the rear garden. There is a working top surface with space under for utilities. Door to -

W.C.
With low level W.C. and washbasin. With window to the rear.

WET ROOM
With shower, close coupled W.C. and a pedestal washbasin. There are partially tiled walls and a frosted window to the rear.

BEDROOM ONE 3.51M X 3.05M (11'6" X 10' )
With outlook to the front, over the Moors Playing Fields. Built-in wardrobes.

BEDROOM TWO 3.20M X 2.51M (10'6" X 8'3")
With outlook to the rear garden.

BEDROOM THREE 3.20M X 1.83M (10'6" X 6' )
With double doors opening to -

CONSERVATORY 3.96M X 2.44M (13' X 8' )
A triple aspect room with outlook and door to the garden.

INTEGRAL GARAGE 6.48M X 3.35M (21'3" X 11' )
With power.

OUTSIDE
Good sized gardens cradle the residence with well established plants and shrubs, lawn and patio area and a fishpond.

COUNCIL TAX
Council Tax Band D.

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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