3 Bed Detached House, Refurb/BRRR, Helston, TR12 6HR, £575,000
Spacious Home in Rural Setting, Manaccan, TR12 6HR - 11 views - 10 months ago
Refurb/BRRR
Planning
~93 m²





+24 photos
ValuationOvervalued
Sold Prices | £175K - £670K |
Sold Prices/m² | £2.2K/m² - £6.5K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £6.2K/m² |
Value Estimate | £313,621 |
| |
End Value (After Refurb) | £486,250 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £143,750 |
Stamp Duty & Legal Fees | £34,700 |
Refurb Costs | £40,580 |
Bridging Loan Interest | £15,094 |
Total Cash In | £235,873 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £486,250 |
Mortgage (After Refinance) | £364,688 |
Mortgage LTV | 75% |
Cash Left In | £235,873 |
Equity | £121,563 |
Rent Range | £1,700 - £2,500 |
Rent Estimate | £1,700 |
Running Costs/mo | £1,880 |
Cashflow/mo | £-180 |
Cashflow/yr | £-2,154 |
Gross Yield | 4% |
Local Sold Prices
26 sold prices from £175K to £670K, average is £294K. £2.2K/m² to £6.5K/m², average is £3.4K/m².
Local Rents
3 rents from £1.7K/mo to £2.5K/mo, average is £2.3K/mo.
Local Area Statistics
Population in TR12 | 9,482 |
Population in Helston | 29,289 |
Town centre distance | 6.38 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 5.12 miles away |
| |
Rental growth (12m) | +12% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +64% |
Property History
Listed for £575,000
June 3, 2024
Floor Plans
