4 Bed Detached House, Cash/Bridging Only, Helston, TR13 0BU, £685,000

Lowertown, Helston, TR13 0BU - 8 months ago

Under Offer
Cash
~195 m²
+34 photos

ValuationOvervalued

Sold Prices£220K - £679.1K
Sold Prices/m²£2.2K/m² - £4.4K/m²

 

 

Square Metres

~195.20 m²
Price/m²£3.5K/m²

Value Estimate

£589,283

 

 

End Value (After Refurb)

£659,847

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£171,250

Stamp Duty & Legal Fees

£57,200

Refurb Costs

£85,614

Bridging Loan Interest

£17,981

Total Cash In

£333,795

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£659,847

Mortgage (After Refinance)

£494,886

Mortgage LTV

75%

Cash Left In

£333,795

Equity

£164,962

Rent Range

£1,175 - £1,800

Rent Estimate

£1,445

Running Costs/mo

£2,371

Cashflow/mo

£-926

Cashflow/yr

£-11,112

Gross Yield

3%

Local Sold Prices

31 sold prices from £220K to £679.1K, average is £330K. £2.2K/m² to £4.4K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£390K11/200.08 miPenolva House, 38, Gwarth An Drae, Helston, Cornwall TR13 0BS4
£305K11/230.08 mi56, Gwarth An Drae, Helston, Cornwall TR13 0BS4
£315K11/220.14 mi157, Pendeen Park, Helston, Cornwall TR13 0SL4
£325K02/210.14 mi107, Pendeen Park, Helston, Cornwall TR13 0SL4
£268.5K02/210.18 mi19, Nanscober Place, Helston, Cornwall TR13 0SP4
£321K02/240.18 mi7, Nanscober Place, Helston, Cornwall TR13 0SP4
£320K03/210.26 mi69, Gweal Wartha, Helston, Cornwall TR13 0SN4
£287.5K06/210.26 mi58, Gweal Wartha, Helston, Cornwall TR13 0SN4
£330K03/210.26 mi3, Parc Ledrak, Helston, Cornwall TR13 0QL4
£427.5K01/230.32 mi4, Treworlis Close, Helston, Cornwall TR13 8GN4
£294K05/210.36 mi12, Roskruge Close, Helston, Cornwall TR13 8GL4
£309.9K03/210.37 mi19, Tregarrick Close, Helston, Cornwall TR13 8YA4
£220K02/210.37 miKyleveneth, 17, Tregarrick Close, Helston, Cornwall TR13 8YA4
£395K03/210.4 mi5, Gwendrona Close, Helston, Cornwall TR13 8GP4
£375K12/200.46 mi57, Orchard Close, Helston, Cornwall TR13 8UT4
£317K10/230.47 mi9, Treveth Lane, Helston, Cornwall TR13 8FD4
£430K09/210.49 mi4, Pen An Drea, Helston, Cornwall TR13 8FT4
£407.5K10/230.57 mi3, The Paddock, Helston, Cornwall TR13 8NS4
£380K06/210.57 mi1, The Paddock, Helston, Cornwall TR13 8NS4
£420K11/200.6 mi29, Gwealhellis Warren, Helston, Cornwall TR13 8PQ4
£345K08/230.66 mi1, Tenderah Road, Helston, Cornwall TR13 8NT4
£330K01/210.66 mi60, Tenderah Road, Helston, Cornwall TR13 8NT4
£270K10/200.66 mi7, Tenderah Road, Helston, Cornwall TR13 8NT4
£679.1K04/230.73 miThistledown Barn, Newham Lane, Newham, Helston, Cornwall TR13 0SA4
£265K10/200.78 mi16, Cades Parc, Helston, Cornwall TR13 8QS4
£249.9K09/210.81 mi24, Godolphin Road, Helston, Cornwall TR13 8PY4
£365K01/240.81 mi43, Church Street, Helston, Cornwall TR13 8NJ4
£570K11/220.85 mi8, St Johns Close, Helston, Cornwall TR13 8HQ4
£420K02/230.9 mi87, Hawkins Way, Helston, Cornwall TR13 8FQ4
£410K06/210.92 miOwl Cottage, Old Hill, Helston, Cornwall TR13 8HT4
£550K10/230.98 mi40a, Coinagehall Street, Helston, Cornwall TR13 8EQ4

Local Rents

14 rents from £1.2K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.37 miTrenithick Avenue, Helston, TR135
£1,17509/240.38 mi-3
£1,20002/250.38 mi-3
£1,30002/250.51 mi-3
£1,35009/240.63 miFalmouth Road, Helston3
£1,35009/240.64 miFalmouth Road, Helston3
£1,80009/240.64 miFalmouth Road, Helston5
£1,45009/240.64 miFalmouth Road, Helston3
£1,45009/240.64 miFalmouth Road, Helston3
£1,35009/240.65 miFalmouth Road, Helston3
£1,80009/240.65 miFalmouth Road, Helston5
£1,80009/240.65 miFalmouth Road, Helston5
£1,60002/240.72 mi-4
£1,20010/240.77 mi-3

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

1.15 miles away

Nearest school

0.50 miles away

Nearest train station

6.71 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Price changed to £685,000

March 8, 2025

Price changed to £695,000

December 4, 2024

Listed for £725,000

July 20, 2024

Floor Plans

Description

  • MASTER EN SUITE & DRESSING ROOM +
  • KITCHEN/DINER WITH WALK-IN LARDER +
  • DOUBLE GARAGE & PARKING +
  • MASTER EN SUITE & DRESSING ROOM +

The residence boasts two spacious reception rooms, perfect for entertaining guests or simply relaxing with your family. With four bedrooms and two bathrooms, there is ample space for everyone in the household.

The mature gardens and grounds are an absolute delight with many areas to sit, play and enjoy the views.

One of the standout features of this property is the modern kitchen, with walk in larder perfect for those with culinary ambitions. The setting of this house is truly lovely, offering a peaceful and tranquil environment with fabulous far reaching rural views.

Parking is always a breeze with space for a number of vehicles, ensuring convenience for you and your visitors along with a double garage. Don't miss out on the opportunity to make this house your home.

Lowertown is an extremely popular residential area situated on the western edge of Helston. Set in a lovely wooded valley the hamlet and surrounding area has a
number of footpaths to explore, together with the River Cober running through the valley.
The market town of Helston is a short distance away with extensive amenities which include national stores, cinema, shops, public houses and sports centre with indoor swimming pool. There are many well regarded primary schools and a secondary school, with sixth form college, available locally. A university campus can be found in the port town of Falmouth which is some twelve miles away. A mainline railway station is situated approximately ten miles away in
Redruth as is the A30, the main arterial road into Cornwall. Helston is the gateway to the The Lizard Peninsula, an area of outstanding natural beauty with many beaches, coves, areas of moorland and beautiful walks including the south west coastal footpath

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)
Door to -

ENTRANCE AREA
2.5m x 2.3m (8'2" x 7'6" )
With coat hanging space. An ideal place to peel off your boots after a country walk. The area is lit by a series of downlighters. With door to -

CLOAKROOM
Comprising a wash handbasin set into a vanity unit with storage under. Concealed cistern W.C., boot/shoe rack, engineered wood flooring, window to the side aspect and tiling to the walls.

From the entrance area a half glazed door leads to the -

LOUNGE
6.3m x 6.2m (20'8" x 20'4" )
A fabulous space with an impressive "Wendron Stoves" woodburner. There is a picture window to the front aspect enjoying the fabulous rural outlook, understairs storage cupboard and sliding door to -

KITCHEN/DINING AREA
7.07 x 6.55m narrowing to 4.407m (23'2" x 21'5" narrowing to 14'5")
A fabulous entertaining space with a super, recently fitted pale blue kitchen comprising stone worktops that incorporate a sink drainer with, instant boiling water tap and an AEG induction hob with stone splash back and hood over. There are a mixture of base and drawer units under with wall units over, quality AEG appliances include a fan oven, combination microwave, dishwasher, floor to ceiling larder fridge and freezer. There is a generous island seating area with pendant lighting over and a super walk-in pantry area with automatic lights fitted with several shelves and storage areas ideal for those with culinary ambitions. The area is filled with light provided by sliding glazed patio doors that lead out on to the terrace and further glazed door and window to the front aspect. The room has engineered wood effect flooring and is lit by a series of downlighters.

From the lounge stairs rise to -

FIRST FLOOR LANDING
With loft hatch to the roof space and integral positive input ventilation unit. With doors to -

MASTER SUITE BEDROOM
5.09m x 3.97m (16'8" x 13'0" )
With built-in wardrobes and window to the front aspect enjoying the super views. With doors to -

DRESSING AREA
With windows to the side and front aspect. Doors to an inner hallway. With airing cupboard and door to -

SHOWER ROOM
Beautifully appointed with glazed and tiled walk-in shower cubicle with rainforest head, wash handbasin set into a vanity unit with tiled splashback and mirror over, close coupled W.C., shaver socket, obscure window to the side aspect, engineered wood effect flooring.

BEDROOM TWO
With built-in wardrobe and window to the front aspect enjoying the super views.

BEDROOM THREE
3.95m x 3.63m (12'11" x 11'10" )
With built-in wardrobes and window to the rear aspect.

BEDROOM FOUR
3.31m x 2.46m (10'10" x 8'0" )
With a window to the rear aspect and built-in wardrobe.

BATHROOM
Beautifully appointed with paneled bath with mixer shower arrangement, tiled splashback, wash handbasin set into a vanity unit with storage under and mirror over, glazed and tiled walk-in shower cubicle, ladder style towel drying radiator, extractor, window to the rear aspect. The room is lit by a series of downlighters.

W.C.
With close coupled W.C., wash handbasin set into a vanity unit with storage under, attractive tiled splashbacks. Ladder style drying radiator, window to the rear aspect.

UTILITY ROOM
3.6m x 2.6m (11'9" x 8'6" )
A useful space with worktops that incorporate a stainless steel sink drainer with mixer tap. There are a mix of base and drawer units under, wall units over, spaces are provided for fridge/freezer, washing machine and tumble dryer. Engineered wood effect flooring. There are windows to both the side and rear aspects. A part glazed service door leads out on to the side of the property .

OUTSIDE
A driveway, which is shared with next door, leads to the -

DOUBLE GARAGE
6m x 5.49m (19'8" x 18'0" )
With two up and over doors, power, light and windows to the rear aspect.

OUTSIDE
There is a parking area for several vehicles, an electric car charging port and from the parking area steps lead up to the entrance and to the front of the property where there is an enclosed terrace with doors back to the lounge and kitchen area where a fabulous rural outlook is to be enjoyed.

Accessed down the side of the property there is a further balcony area where the views can also be enjoyed. To the side of the property there is a further seating area with sun deck, again enjoying the views. There is an area of artificial grass.

To the rear of the property there is a generous tiered garden enclosed by mature trees and hedging offering excellent degrees of privacy with further raised decked seating area. A perfect spot to enjoy an evening sundowner whilst enjoying the fabulous rural outlook.

OFFICE
The owner has also created an outside office with power and light.

COUNCIL TAX
Council Tax Band E.

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.

DATE DETAILS PREPARED
9th July, 2024.

Agent Details

Christophers, Helston

01326 331637

Next Steps?

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