3 Bed Terraced House, Cash/Bridging Only, Helston, TR12 7JW, £225,000

34 GLEBE PLACE, RUAN MINOR, TR12 7JW - 8 months ago

Sold STC
Cash
~106 m²
+11 photos

ValuationFair Value

Sold Prices£205K - £465K
Sold Prices/m²£2.1K/m² - £5.5K/m²

 

 

Square Metres

~105.50 m²
Price/m²£2.1K/m²

Value Estimate

£225,000

 

 

End Value (After Refurb)

£364,296

Uplift in Value

+62%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£12,450

Refurb Costs

£46,034

Bridging Loan Interest

£5,906

Total Cash In

£122,390

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£364,296

Agent Fees (1%)

£3,643

Bridging Loan

£168,750

Bridging Loan Interest

£5,906

Flip Profit

£69,513

Local Sold Prices

20 sold prices from £205K to £465K, average is £321K. £2.1K/m² to £5.5K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£425K09/230.09 mi20, Mundys Field, Ruan Minor, Helston, Cornwall TR12 7LF3
£360K07/220.09 mi11, Mundys Field, Ruan Minor, Helston, Cornwall TR12 7LF3
£380K03/210.44 mi5, Ledra Close, Ruan Minor, Helston, Cornwall TR12 7LD3
£326K12/220.72 miThe Cottage, Kuggar, Ruan Minor, Helston, Cornwall TR12 7LY3
£465K03/210.77 miFerny Scat, Kuggar, Ruan Minor, Helston, Cornwall TR12 7LY3
£340K12/200.78 miBarn 2, The Coach House, Kuggar, Ruan Minor, Helston, Cornwall TR12 7LY3
£330K03/221.33 miGrochall Cottage, Mile End, The Lizard, Helston, Cornwall TR12 7AS3
£465K03/231.76 miOctagon Villa, Cross Common, The Lizard, Helston, Cornwall TR12 7PE3
£378.8K10/211.76 miDene House, Cross Common, The Lizard, Helston, Cornwall TR12 7PE3
£255K11/201.81 mi7, Mitchell Close, The Lizard, Helston, Cornwall TR12 7RR3
£316K03/231.82 mi22, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£335K12/221.84 mi52, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£265K09/231.84 mi13, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£238K10/201.84 mi2, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£260K12/211.84 mi7, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£205K12/201.87 mi13, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN3
£230K06/211.89 mi3, Henrys Croft, The Lizard, Helston, Cornwall TR12 7AX3
£230K06/211.89 mi3, Henrys Croft, The Lizard, Helston, Cornwall TR12 7AX3
£237.5K02/211.95 miSea Cure, Beacon Terrace, The Lizard, Helston, Cornwall TR12 7PB3
£220K02/212.17 miMorgelynen, Penmenner Road, The Lizard, Helston, Cornwall TR12 7NN3

Local Rents

2 rents from £675/mo to £1.2K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£1,20009/241.76 miParc Garland, Cross Common2
£67509/241.8 miThe Lizard, Helston1

Local Area Statistics

Population in TR12

9,482

Population in Helston

29,289

Town centre distance

8.13 miles away

Nearest school

0.10 miles away

Nearest train station

11.65 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+64%

Property History

Listed for £225,000

August 9, 2024

Floor Plans

Description

  • LOCAL AREA RESTRICTION +
  • SUN ROOM +
  • DOUBLE GLAZING +
  • ENCLOSED GARDEN +

The property is subject to a local area restriction which in essence means you have to have had lived and worked in Cornwall for the past three years. Buyers should check with Cornwall Council with reference to their eligibility.

The property offers the basis of a nice family home in this popular village benefiting from double glazing and thermostatically controlled Fischer electrical heating.

The accommodation in brief provides on the ground floor a sun room to the front, lounge with open fireplace enjoying the far reaching rural views, kitchen, cloakroom and a utility area To the first floor there are three bedrooms, two of which at the rear enjoy the fabulous rural views and a bathroom.

To the outside and to the front there is resident on road parking whilst to the rear there is an enclosed garden enjoying a lovely rural outlook.

Ruan Minor is a vibrant rural village located on the Lizard Peninsula which has been designated as an Area of Outstanding Natural Beauty. Its amenities include a well regarded primary school, playgroup, general stores/post office with coffee shop, doctors' surgery, village hall, church and chapel. Off the centre of the village there is a football club with recreation ground and a super community pavilion bar.

A short distance away is the picturesque village of Cadgwith where there is a popular public house. The sandy beach of Kennack is a short drive away. More extensive facilities are available in the market town of Helston some eleven miles distant with amenities that include national stores, cinema and a leisure centre with indoor pool.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)

GLAZED DOOR TO

SUN ROOM 4.03M X 1.82M (13'2" X 5'11")
With windows to the front aspect and a sliding patio door leading back to the lounge. With door to

ENTRANCE HALLWAY
With coat hanging space and stairs rising to the first floor. Door to

LOUNGE 5.30M X 3.68M MAXIMUM MEASUREMENTS (17'4" X 12'0" MAXIMUM MEASUREMENTS)
With local stone open fireplace (not tested), sliding patio glazed door onto the conservatory and a window to the rear aspect enjoying a view over the garden to open countryside beyond.

KITCHEN/DINER 5M X 3.1M (16'4" X 10'2")
With fitted kitchen comprising worktops incorporating a one and a half bowl stainless steel sink drainer with mixer tap, ceramic hob with hood over. There are a mix of base and drawers units under with wall units over, built in electric oven and space is provided for a fridge. There is tiled effect vinyl flooring, two further large storage cupboards and a window to the rear aspect over looking the garden with views beyond. Sliding door to

HALLWAY
With door to the outside and further door to

CLOAKROOM
With close coupled w.c., wash hand basin and obscured window to the front aspect.

From the kitchen a door leads back to a hallway area with window and glazed door to the side aspect and door to

UTILITY ROOM 5.2M X 1.79M (17'0" X 5'10")
A useful space with worktops that incorporate a stainless steel sink drainer unit with cupboards under, space for washing machine (washing machine to be left) and windows to both the side and rear aspect.

From the hallway stairs rise to the

FIRST FLOOR LANDING
With two storage cupboards, one of which houses the immersion and has slatted shelving. Doors to

BEDROOM ONE 3.85M X 3.14M (12'7" X 10'3")
With built in wardrobes and a window to the rear aspect which enjoys a fantastic far reaching rural view.

BEDROOM TWO 3.69M X 2.47M PLUS ALCOVE (12'1" X 8'1" PLUS ALCOVE)
Wardrobes and a window to the rear aspect enjoying the fabulous views.

BEDROOM THREE 2.52MX 2.08M (8'3"X 6'9")
With built in wardrobe and window to the front aspect.

BATHROOM
With suite that includes bath with tiled splashback and Triton electric shower over, wash hand basin, w.c., tiled effect flooring and obscured window to the front aspect.

OUTSIDE
To the front of the property there is on street parking with some unreserved residents spaces. The garden to the front is mature and planted with many flowers and shrubs. There is a useful block built shed. The rear garden is a real feature of this property with a super far reaching rural view over miles of open countryside. There is a large patio area, greenhouse and flowerbeds. Outside tap.

SERVICES
Mains water, drainage and electricity.

COUNCIL TAX BAND
Band B

AGENTS NOTE
This property is subject to a local area restriction which in essence means you have to have lived or worked in Cornwall for the last three years. Purchasers must satisfy themselves they qualify.

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
31st July 2024

Agent Details

Christophers, Helston

01326 331637

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪