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.

PriceDateDistanceAddressBeds 
£210K07/230.14 mi2, Minster Terrace, Manaccan, Helston, Cornwall TR12 6JJ3
£400K03/210.8 miTredour, Orchard Lane, Helford, Helston, Cornwall TR12 6LA3
£405K12/201.15 miMyrtle Cottage, Gillan, Manaccan, Helston, Cornwall TR12 6HE3
£330K06/221.75 miHolly Cottage, Newtown, St Martin, Helston, Cornwall TR12 6DW3
£485K08/232.26 miWreckers Corner, Porthallow, St Keverne, Helston, Cornwall TR12 6PN3
£325K02/212.38 miRutherglen, Porthallow, St Keverne, Helston, Cornwall TR12 6PP3
£670K02/212.4 miLong Meadow, Carwinion Road, Mawnan Smith, Falmouth, Cornwall TR11 5JA3
£640K12/212.44 miSpinark, Carwinion Road, Mawnan Smith, Falmouth, Cornwall TR11 5JD3
£375K08/232.45 mi10, Field Place, Mawnan Smith, Falmouth, Cornwall TR11 5JE3
£230K06/232.45 mi4, Field Place, Mawnan Smith, Falmouth, Cornwall TR11 5JE3
£240K03/242.54 mi1, The Square, Mawnan Smith, Falmouth, Cornwall TR11 5EP3
£400K10/232.58 mi7, Trevena Gardens, Mawnan Smith, Falmouth, Cornwall TR11 5EZ3
£308K11/202.61 mi3, Carlidnack Close, Mawnan Smith, Falmouth, Cornwall TR11 5HF3
£335K11/232.68 mi24, Castle View Park, Mawnan Smith, Falmouth, Cornwall TR11 5HB3
£660K03/232.68 mi16, Castle View Park, Mawnan Smith, Falmouth, Cornwall TR11 5HB3
£265K11/202.73 mi15, Tregonning Parc, St Keverne, Helston, Cornwall TR12 6QF3
£280K08/232.73 mi20, Tregonning Parc, St Keverne, Helston, Cornwall TR12 6QF3
£183K03/222.8 mi23, Treskewes Estate, St Keverne, Helston, Cornwall TR12 6RA3
£275K06/212.81 mi6, Doctors Hill, St Keverne, Helston, Cornwall TR12 6UX3
£175K12/222.83 mi60, Treskewes Estate, St Keverne, Helston, Cornwall TR12 6RA3
£175K06/212.89 mi4, Lemon Street, St Keverne, Helston, Cornwall TR12 6NG3
£175K06/212.89 mi4, Lemon Street, St Keverne, Helston, Cornwall TR12 6NG3
£275K10/232.89 miThe House, Lemon Street, St Keverne, Helston, Cornwall TR12 6NG3
£435K11/202.89 miDeira House, Carlidnack Road, Mawnan Smith, Falmouth, Cornwall TR11 5HD3
£230K03/212.99 mi5, Coronation Cottages, St Keverne, Helston, Cornwall TR12 6QS3
£200K05/213 mi6, Tregellast Parc, St Keverne, Helston, Cornwall TR12 6PD3

Local Rents

3 rents from £1.7K/mo to £2.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,50003/250.12 mi-4
£1,70012/232.24 mi-3
£2,25004/252.24 mi-3

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

Description

  • DETACHED HOUSE +
  • THREE DOUBLE BEDROOMS WITH EN-SUITE +
  • FLEXIBLE LIVING ACCOMMODATION +
  • IN NEED OF MODERNISING +
  • LARGE GARDEN +
  • LOTS OF PARKING AND GARAGE +
  • LOCATED IN POPULAR VILLAGE ON LIZARD PENINSULA +
  • EPC- E-45 +
  • COUNCIL TAX BAND-F +

Located in the picturesque village of Manaccan, this lovely detached house offers a perfect blend of countryside living and modern comfort. Boasting three spacious bedrooms, each with its own en-suite, this property provides the feeling of privacy. The open plan living area creates a welcoming and sociable atmosphere, perfect for entertaining guests or simply relaxing with family. In addition to the three reception rooms, there is ample space for parking with room for up to 5 vehicles, making hosting gatherings a breeze. The large garden, surrounded by fields and mature shrubs, offers a peaceful retreat and a high level of privacy. There is also a separate patio area ideal for outdoor seating. For those who enjoy DIY projects or need extra storage space, the attached garage and workshop provide the perfect solution. If you require additional living and bedroom space, subject to planning permission this area could be transformed into an Annexe for family members.This property truly offers a unique opportunity to create your own haven in the countryside.

Guide Price £575,000 -

Location - The pretty village of Manaccan has a great public house, Church and Primary School and renowned for the stunning Helford River and numerous coves and creeks very nearby. The beautiful St Anthony In Meneage and Flushing are both within 2 miles from this property whilst St Keverne village is only just over 3 miles away and has a post office, 2 public houses and mini supermarket. The town of Helston is situated approximately 12 miles away and has a fantastic range of Supermarkets, shops, public houses, tea houses, coffee shops and restaurants.

Accommodation - Entrance Hallway
Living Room
Kitchen/Diner
Conservatory
Dining Room
Utility Room
Office
Shower Room
Stairs Leading to First Floor Landing
Bedroom One with Ensuite
Bedroom Two with Ensuite
Bedroom Three with Ensuite

Outside - A highlight of this property is the enclosed rear garden that serves as an ideal space for a variety of outdoor activities. The garden is predominantly laid to lawn, bordered by mature shrubs that add a splash of colour and ensure privacy. A patio area is conveniently located to the side, complete with a greenhouse. This addition provides a wonderful opportunity for those with a green thumb to cultivate their own fruits and vegetables, adding a personal touch to this outdoor haven

Garage - With an up an over door an electricity, this large garage providing a good amount of storage.

Workshop - A useful dry space for carrying out DIY jobs and area for potting your plants ensuring your garden looks it's best.

Driveway - A gravelled driveway proving lots of off road parking for several vehicles.

Services - Mains water, electricity and Private Drainage.

Council Tax Band- F -

Broadband & Mobile Phone Coverage - To check the broadband coverage for this property please visit check mobile phone coverage please visit

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 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. We will inform you of what we require prior to agreeing a sale.

Agent Details

Mather Partnership, Helston

01326 332051

Next Steps?

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