3 Bed Detached House, Cash/Bridging Only, Helston, TR13 8UB, £380,000

Gwealfolds Road, Helston, Cornwall, TR13 8UB - 4 views - 8 months ago

Under Offer
Cash
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£179.9K - £426K
Sold Prices/m²£2.1K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£4.1K/m²

Value Estimate

£300,313

 

 

End Value (After Refurb)

£362,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£19,100

Refurb Costs

£40,789

Bridging Loan Interest

£9,975

Total Cash In

£166,614

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£362,500

Mortgage (After Refinance)

£271,875

Mortgage LTV

75%

Cash Left In

£166,614

Equity

£90,625

Rent Range

£650 - £2,700

Rent Estimate

£1,303

Running Costs/mo

£1,413

Cashflow/mo

£-110

Cashflow/yr

£-1,325

Gross Yield

4%

Local Sold Prices

52 sold prices from £179.9K to £426K, average is £275K. £2.1K/m² to £5.8K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£225K11/230.07 mi34, Cunnack Close, Helston, Cornwall TR13 8XQ3
£340K02/210.08 miWrafton, Hillcrest, Helston, Cornwall TR13 8UW3
£355K08/230.14 mi18, Belmont Road, Helston, Cornwall TR13 8UA3
£275K03/230.14 mi18, Turnpike, Helston, Cornwall TR13 8LR3
£220K02/210.18 mi7, West Close, Helston, Cornwall TR13 8LD3
£225K03/210.2 mi62, Godolphin Road, Helston, Cornwall TR13 8QJ3
£394.7K08/230.2 mi42, Tenderah Road, Helston, Cornwall TR13 8NT3
£426K07/230.22 mi69, Osborne Parc, Helston, Cornwall TR13 8TZ3
£199.5K10/200.22 mi36, Carey Park, Helston, Cornwall TR13 0DH3
£195K12/220.23 mi4, Broad Walk, Helston, Cornwall TR13 0DJ3
£215K06/210.24 mi21, Trenance Close, Helston, Cornwall TR13 8UX3
£295K10/200.26 mi3, Roselidden Parc, Helston, Cornwall TR13 8UH3
£272K07/230.26 mi45, Osborne Parc, Helston, Cornwall TR13 8NZ3
£310K07/230.27 mi1, Higher Well Lane, Helston, Cornwall TR13 8QT3
£239K10/200.27 mi10, Roskilling, Helston, Cornwall TR13 8JY3
£232.5K04/210.28 miPippins, Sanctuary Lane, Helston, Cornwall TR13 8UL3
£195K10/200.28 mi4, Trenethick Parc, Helston, Cornwall TR13 8LH3
£245K05/240.28 mi15, Trenethick Parc, Helston, Cornwall TR13 8LH3
£212.5K04/210.29 mi28, Godolphin Road, Helston, Cornwall TR13 8QD3
£325K03/210.31 mi52, Orchard Close, Helston, Cornwall TR13 8UT3
£230K08/210.32 mi75, Trenethick Parc, Helston, Cornwall TR13 8LT3
£370K07/230.32 mi21, Tregarrick Close, Helston, Cornwall TR13 8YA3
£325K11/200.32 mi19, Cades Parc, Helston, Cornwall TR13 8QS3
£362.5K07/210.32 mi39, Cades Parc, Helston, Cornwall TR13 8QS3
£333K11/210.32 mi9, Cades Parc, Helston, Cornwall TR13 8QS3
£400K11/220.32 mi10, Cades Parc, Helston, Cornwall TR13 8QS3
£230K10/200.32 mi37, Trenethick Parc, Helston, Cornwall TR13 8LT3
£337K03/210.33 mi12, East Close, Helston, Cornwall TR13 8LG3
£369.6K02/230.34 mi20, Barton Close, Helston, Cornwall TR13 8LL3
£329.9K10/210.34 mi112, Pendeen Park, Helston, Cornwall TR13 0SL3
£295K01/230.34 mi174, Pendeen Park, Helston, Cornwall TR13 0SL3
£375K12/210.35 mi22, Gwealhellis Warren, Helston, Cornwall TR13 8PQ3
£280K03/240.35 mi11, Gwealhellis Warren, Helston, Cornwall TR13 8PQ3
£280K03/240.35 mi11, Gwealhellis Warren, Helston, Cornwall TR13 8PQ3
£317.5K06/210.35 miChy-an-eglos, Grylls Parc, Helston, Cornwall TR13 8PE3
£218K10/200.35 mi94, Gweal Wartha, Helston, Cornwall TR13 0SX3
£270K06/210.36 mi1, Kroon Stadt Villas, Helston, Cornwall TR13 8QR3
£289K02/230.36 mi2, Kroon Stadt Villas, Helston, Cornwall TR13 8QR3
£250K03/210.37 mi3, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£260K10/210.37 mi47, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£355K11/220.37 mi1, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£405K06/230.37 mi22, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£275K11/220.37 mi1, Gweal Wartha, Helston, Cornwall TR13 0SN3
£180K02/210.37 mi2, Gweal Wartha, Helston, Cornwall TR13 0SN3
£280K07/230.37 mi53, Gweal Wartha, Helston, Cornwall TR13 0SN3
£240K04/240.37 mi29, Gweal Wartha, Helston, Cornwall TR13 0SN3
£240K04/240.37 mi29, Gweal Wartha, Helston, Cornwall TR13 0SN3
£280K03/240.37 mi47, Gweal Wartha, Helston, Cornwall TR13 0SN3
£179.9K03/210.39 mi15, Penrose Road, Helston, Cornwall TR13 8TP3
£270K02/230.39 mi18, Penrose Road, Helston, Cornwall TR13 8TP3
£235K11/200.39 mi26, Roskilling Wartha, Helston, Cornwall TR13 8LY3
£225K06/230.4 mi21, Oates Road, Helston, Cornwall TR13 8AW3

Local Rents

36 rents from £650/mo to £2.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£75009/240.18 miCrosswalla Fields, Helston1
£1,17509/240.18 mi-3
£1,20003/250.18 mi-3
£1,35009/240.25 miFalmouth Road, Helston3
£1,35009/240.25 miFalmouth Road, Helston3
£1,80009/240.28 miFalmouth Road, Helston5
£1,30003/250.28 mi-3
£1,45009/240.29 miFalmouth Road, Helston3
£1,35009/240.29 miFalmouth Road, Helston3
£1,80009/240.29 miFalmouth Road, Helston5
£1,80009/240.29 miFalmouth Road, Helston5
£1,45009/240.29 miFalmouth Road, Helston3
£1,20010/240.3 mi-3
£92509/240.33 miOrchard Close, Helston, Cornwall, TR132
£80003/250.34 mi-1
£87509/240.35 miGweal Wartha, Helston2
£1,40009/240.37 miTrenithick Avenue, Helston, TR135
£1,60002/240.39 mi-4
£75009/240.4 mi-1
£92509/240.43 miChurch Street, Helston, Cornwall2
£95012/240.48 mi-2
£95001/250.48 mi-2
£95009/240.48 miSeneschall Park, Helston, TR132
£97509/240.48 mi-2
£92509/240.53 miFive Wells Lane, Helston, Cornwall2
£90009/240.55 miPlover Avenue, Helston, Cornwall2
£95009/240.56 miForth Gwedhen, Heslton2
£75005/240.57 mi-1
£65007/240.6 mi-1
£90009/240.63 miHellis Wartha, Helston, TR132
£2,00002/241.73 mi-4
£1,60001/251.73 mi-4
£1,99509/241.8 miWendron, Helston5
£1,20011/242.39 mi-3
£2,25009/242.46 mi-3
£2,70010/242.46 mi-3

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

0.67 miles away

Nearest school

0.10 miles away

Nearest train station

7.19 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £380,000

August 7, 2024

Description

  • GARAGE AND DRIVEWAY +
  • MAINS GAS CENTRAL HEATING +
  • DOUBLE GLAZING +
  • GARDEN +

This three bedroom detached house has been much enhanced during our owners tenure, it is very nicely presented throughout and is well situated for both primary and secondary schooling therefore making it an ideal family home.

The property benefits from mains gas central heating and double glazing and also benefits from a garage with driveway parking. There are gardens to the front and rear with the rear garden being a feature of the property being of good size and in many areas having good degrees of privacy.

In brief, the accommodation comprises entrance porch, lounge with patio doors leading out onto the garden, dining room and kitchen to the ground floor. To the first floor there are three bedrooms and a newly fitted luxury shower room.

The town of Helston is the gateway to the Lizard Peninsula with its stunning feature coves and cliff top walks. It is a bustling market town providing facilities that include national stores, health centres, cinema and a leisure centre with indoor swimming pool. There are a number of well regarded primary schools, a secondary school and a university campus can also be found in the nearby town of Penryn which is some twelve miles distant.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)

ENTRANCE PORCH 3.00M X 1.22M (9'10" X 4')
A double aspect room, tiled floor and half glazed door opening into

DINING ROOM 3.58M X 3.51M INCLUDING STAIRCASE (11'9" X 11'6" INCLUDING STAIRCASE)
Window to side aspect, Herringbone cushion flooring, staircase to first floor and understairs storage cupboard. There is an obscured glazed door to kitchen and door to

LOUNGE 6.63M X 3.58M (21'9" X 11'9")
A light and airy dual aspect room with double glazed window overlooking the front garden and patio doors opening onto the rear garden. There is a feature fireplace with log burner and laminate flooring.

KITCHEN 3.58M X 3.00M (11'9" X 9'10")
Wood effect fitted kitchen comprising worktops incorporating a one and a half bowl sink drainer unit with mixer tap over with tiled splashbacks. There is a range of drawers and units under and wall units over, integral AEG hob with hood over, double oven, built in fridge/freezer, dishwasher, window to rear aspect and glazed door to the outside.

From the dining room stairs ascend to the

FIRST FLOOR LANDING
With alcove, window to the rear aspect enjoying a view over the school fields and onwards to open countryside, access to the loft, built in airing cupboard with modern factory lagged hot water cylinder, built in storage cupboard and door to

BEDROOM ONE 3.58M X 3.58M (11'9" X 11'9")
Window with views over the town and having distant countryside views.

BEDROOM TWO 3.89M X 2.74M (12'9" X 9')
Window enjoying similar views to bedroom one and a built in cupboard with hanging rail and shelving.

BEDROOM THREE 3.00M X 2.29M (9'10" X 7'6")
Window to rear aspect and built in cupboard with hanging rail.

SHOWER ROOM 3.05M X 1.63M (10' X 5'4")
Having being very tastefully and newly fitted in the last 12 months there is a walk in shower cubicle, hand wash basin, low level w.c., towel rail and windows to the rear aspect.

OUTSIDE
To the front of the property there is a driveway that provides parking for a number of vehicles and leads to a

GARAGE 5.28M X 3.10M (17'4" X 10'2")
With light and power and plumbing for a washing machine. There is Worcester gas boiler, w.c., rear pedestrian door and electrically operated garage door.

GARDENS
There are gardens to the front and rear of the property. The front garden being mainly laid to lawn with flowerbeds to its borders. The rear garden is a real feature of the property enjoying a sunny aspect and enjoying a good degree of privacy. The garden is laid mainly to lawn with flower and shrubs borders and a shed.

SERVICES
Mains electricity, water, drainage and gas.

COUNCIL TAX BAND
Band D

ANTI MONEY LAUNDERING REGULATIONS - PURCHASER
We are required by law to ask all purchasers for verified ID prior to instructing a sale.

PROOF OF FUNDS - 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
6th March 2024

Agent Details

Christophers, Helston

01326 331637

Next Steps?

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