4 Bed Detached House, Cash/Bridging Only, Helston, TR13 0BS, £380,000

20 Gwarth an Drae, Helston, TR13 0BS - 8 months ago

Under Offer
Cash
~169 m²
+14 photos

ValuationFair Value

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

 

 

Square Metres

~169 m²
Price/m²£2.2K/m²

Value Estimate

£383,800

 

 

End Value (After Refurb)

£571,282

Uplift in Value

+50%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£74,123

Bridging Loan Interest

£9,975

Total Cash In

£207,548

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£571,282

Agent Fees (1%)

£5,713

Bridging Loan

£285,000

Bridging Loan Interest

£9,975

Flip Profit

£73,021

Local Sold Prices

36 sold prices from £220K to £679.1K, average is £355K. £2.2K/m² to £4.4K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£390K11/200 miPenolva House, 38, Gwarth An Drae, Helston, Cornwall TR13 0BS4
£305K11/230 mi56, Gwarth An Drae, Helston, Cornwall TR13 0BS4
£315K11/220.06 mi157, Pendeen Park, Helston, Cornwall TR13 0SL4
£325K02/210.06 mi107, Pendeen Park, Helston, Cornwall TR13 0SL4
£268.5K02/210.14 mi19, Nanscober Place, Helston, Cornwall TR13 0SP4
£321K02/240.14 mi7, Nanscober Place, Helston, Cornwall TR13 0SP4
£330K03/210.19 mi3, Parc Ledrak, Helston, Cornwall TR13 0QL4
£320K03/210.2 mi69, Gweal Wartha, Helston, Cornwall TR13 0SN4
£287.5K06/210.2 mi58, Gweal Wartha, Helston, Cornwall TR13 0SN4
£309.9K03/210.3 mi19, Tregarrick Close, Helston, Cornwall TR13 8YA4
£220K02/210.3 miKyleveneth, 17, Tregarrick Close, Helston, Cornwall TR13 8YA4
£427.5K01/230.34 mi4, Treworlis Close, Helston, Cornwall TR13 8GN4
£294K05/210.35 mi12, Roskruge Close, Helston, Cornwall TR13 8GL4
£375K12/200.39 mi57, Orchard Close, Helston, Cornwall TR13 8UT4
£395K03/210.41 mi5, Gwendrona Close, Helston, Cornwall TR13 8GP4
£317K10/230.47 mi9, Treveth Lane, Helston, Cornwall TR13 8FD4
£407.5K10/230.49 mi3, The Paddock, Helston, Cornwall TR13 8NS4
£380K06/210.49 mi1, The Paddock, Helston, Cornwall TR13 8NS4
£430K09/210.5 mi4, Pen An Drea, Helston, Cornwall TR13 8FT4
£420K11/200.53 mi29, Gwealhellis Warren, Helston, Cornwall TR13 8PQ4
£345K08/230.58 mi1, Tenderah Road, Helston, Cornwall TR13 8NT4
£330K01/210.58 mi60, Tenderah Road, Helston, Cornwall TR13 8NT4
£270K10/200.58 mi7, Tenderah Road, Helston, Cornwall TR13 8NT4
£679.1K04/230.68 miThistledown Barn, Newham Lane, Newham, Helston, Cornwall TR13 0SA4
£265K10/200.71 mi16, Cades Parc, Helston, Cornwall TR13 8QS4
£249.9K09/210.73 mi24, Godolphin Road, Helston, Cornwall TR13 8PY4
£365K01/240.74 mi43, Church Street, Helston, Cornwall TR13 8NJ4
£570K11/220.78 mi8, St Johns Close, Helston, Cornwall TR13 8HQ4
£420K02/230.84 mi87, Hawkins Way, Helston, Cornwall TR13 8FQ4
£410K06/210.85 miOwl Cottage, Old Hill, Helston, Cornwall TR13 8HT4
£550K10/230.9 mi40a, Coinagehall Street, Helston, Cornwall TR13 8EQ4
£295K02/210.95 mi153, Hellis Wartha, Helston, Cornwall TR13 8WF4
£380K12/210.96 mi63, Bosnoweth, Helston, Cornwall TR13 8FR4
£400K09/210.96 mi72, Bosnoweth, Helston, Cornwall TR13 8FR4
£387.5K12/200.96 mi44, Bosnoweth, Helston, Cornwall TR13 8FR4
£380K12/231 mi38, Hellis Wartha, Helston, Cornwall TR13 8WE4

Local Rents

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

RentDateDistanceAddressBeds 
£1,17509/240.31 mi-3
£1,20002/250.31 mi-3
£1,40009/240.34 miTrenithick Avenue, Helston, TR135
£1,30002/250.44 mi-3
£1,35009/240.58 miFalmouth Road, Helston3
£1,35009/240.58 miFalmouth Road, Helston3
£1,80009/240.59 miFalmouth Road, Helston5
£1,45009/240.59 miFalmouth Road, Helston3
£1,45009/240.59 miFalmouth Road, Helston3
£1,35009/240.59 miFalmouth Road, Helston3
£1,80009/240.59 miFalmouth Road, Helston5
£1,80009/240.59 miFalmouth Road, Helston5

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

1.07 miles away

Nearest school

0.50 miles away

Nearest train station

6.79 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £380,000

August 8, 2024

Floor Plans

Description

  • EN SUITE MASTER BEDROOM +
  • GAS FIRED CENTRAL HEATING +
  • DOUBLE GLAZING +
  • GARDEN TO THE FRONT AND REAR +

This well proportioned and deceptively spacious four bedroom (master en-suite) home offers modern and comfortable family living, from the generously sized lounge with a decorative fire to the dining room with French doors opening out invitingly to the patio and garden to the rear. The kitchen is well appointed with an extremely useful adjacent utility area and downstairs cloakroom.

The master bedroom boasts bespoke fitted wardrobes and a contemporary fitted en-suite shower room whilst there are two further comfortable double bedrooms, a single bedroom or office space and a family bathroom.

Outside there is driveway parking, a garage, a pleasant lawned garden to the front and enclosed garden and patio to the rear.

Gwarth an Drae is located in a popular residential area that is set on the outskirts of the town and is conveniently placed for local amenities, schooling and country walks to Lowertown and the Cober Valley.

The accommodation comprises, on the ground floor, an entrance hallway, cloakroom, kitchen with utility area, lounge and dining room. On the first floor there are four bedrooms (master ensuite) and a family bathroom.

The property benefits from gas fired central heating and double glazing. Helston itself is a bustling market town that stands as a gateway to The Lizard Peninsula which is designated as an area of outstanding natural beauty with many beautiful beaches, coves and cliff top walks. The town has amenities that include, national stores, supermarkets, doctor surgeries, churches and also many clubs and societies. There are a number of well regarded primary schools, a comprehensive school with sixth form college and a leisure centre with indoor heated pool.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)

CANOPY PORCH
Part obscure glazed entrance door to

ENTRANCE HALLWAY
Of generous proportions with wood laminate flooring, a staircase to the first floor and doors off to the kitchen, dining room, lounge and

CLOAKROOM
With a low-level w.c, a wall mounted corner wash handbasin with tiled splashback and a mixer tap over, vinyl flooring and a frosted window to the front aspect.

KITCHEN 5.08M X 2.54M INC UTILITY ROOM (16'8" X 8'4" INC UTILITY ROOM)
Comprising a modern fitted kitchen with working top surfaces, incorporating a stainless steel one and a half bowl sink with drainer and swans neck mixer tap over and an integral four ring gas hob with tiled splashback and hood over. There are a comprehensive range of cupboards, drawers and wall units with corner display shelves. There is an integrated Hotpoint oven, whilst spaces are provided for a freestanding fridge freezer, dishwasher and a washing machine. There is wood effect vinyl flooring, an electric consumer unit, a spotlighting arrangement, a window looking out over the front garden and a service door to the side.

LOUNGE 4.50M X 4.45M (14'9" X 14'7")
A lovely well proportioned room with a fireplace, with white mantle and a polished slate hearth, housing a decorative fire and providing a nice focal point for the room. A large window looks out over the rear garden, whilst there is an attractive dado rail and lighting arrangement.

DINING ROOM 3.99M X 2.92M (13'1" X 9'7")
A pleasant room with wood effect flooring and French doors opening out onto the rear patio and garden.

A staircase turns and rises to the first floor.

FIRST FLOOR

LANDING
With wooden balustrade, loft hatch to roof space, airing cupboard with slatted shelves and doors off to all four bedrooms and the family bathroom.

BEDROOM ONE 3.84M X 3.45M INC WARDROBES (12'7" X 11'4" INC WARDROBES)
A lovely double bedroom with stylish fitted wardrobes with hanging rails and storage drawers under, a window overlooking the rear garden and woodland beyond and a door to

EN SUITE SHOWER ROOM
Nicely appointed with a suite comprising a low-level w.c, contemporary wash handbasin with mixer tap over and drawers under and a corner shower cubicle with a sliding door, playing host to a thermostatic shower with rain drencher head and shower attachment. There is tiling to the floor and walls, a heated ladder style towel rail, recessed spotlighting, an extractor and a frosted window to the side aspect.

BEDROOM TWO 3.58M X 3.45M (11'9" X 11'4")
Double bedroom with window to rear aspect

BEDROOM THREE 3.71M X 3.28M MAXIMUM MEASUREMENTS (12'2" X 10'9" MAXIMUM MEASUREMENTS)
Double bedroom with window with outlook to front.

BEDROOM FOUR 2.67M X 2.18M (8'9" X 7'2")
With window with outlook to front.

BATHROOM
With a white suite comprising a low level w.c, pedestal wash hand basin with mixer tap over and a panelled bath with a concertina shower screen and shower attachment. There is attractive mosaic style tiling to some walls, an extractor fan, a shaving light, beech effect vinyl flooring and a frosted
window to the side aspect.

OUTSIDE
A driveway with parking for a number of vehicles leads onto the garage. The front garden is laid largely to lawn and is partly enclosed by mature shrubs and trees at its borders. The rear garden is neatly enclosed with a raised patio area which would seem to be an ideal place in which to sit out and relax, whilst steps lead down to a pleasant lawned area. There is side access and an outside tap.

GARAGE 5.08M X 2.67M (16'8" X 8'9")
With an up and over door, power and light, useful shelving and a Worcester gas fired boiler.

SERVICES
Mains water, electricity, drainage and gas.

COUNCIL TAX BAND
Band E

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
7th August 2024

Agent Details

Christophers, Helston

01326 331637

Next Steps?

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