2 Bed Flat, Single Let, Helston, TR13 8GU, £120,250

Tregarrick View, TR13 8GU - 3 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£110K - £495K
Sold Prices/m²£1.9K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£149,110
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,063

Stamp Duty & Legal Fees

£4,808

Total Cash In

£34,870

 

 

Cash Out

 

Rent Range

£875 - £975

Rent Estimate

£750

Running Costs/mo

£546

Cashflow/mo

£204

Cashflow/yr

£2,451

ROI

7%

Gross Yield

7%

Local Sold Prices

17 sold prices from £110K to £495K, average is £165K. £1.9K/m² to £4.3K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£128.5K03/220.37 mi72, Penberthy Road, Helston, Cornwall TR13 8AR2
£174.5K09/230.42 mi4, Grenville Road, Helston, Cornwall TR13 8DB2
£156K08/220.45 mi32, Penberthy Road, Helston, Cornwall TR13 8AS2
£165K08/220.5 mi35, Trelawney Road, Helston, Cornwall TR13 8AT2
£114K10/200.51 mi2, Hermes Road, Helston, Cornwall TR13 8DD2
£135K04/210.51 mi20, Hermes Road, Helston, Cornwall TR13 8DD2
£140K09/210.52 mi35, Trelawney Road, Helston, Cornwall TR13 8AT2
£110K09/210.54 mi20, Trevenen Road, Helston, Cornwall TR13 8AH2
£305K01/210.6 miMorfu, Hillcrest, Helston, Cornwall TR13 8UW2
£119K12/210.66 mi27a, Meneage Street, Helston, Cornwall TR13 8AA2
£145K08/230.9 mi21, St Johns Road, Helston, Cornwall TR13 8HR2
£197.5K12/212.52 mi20, Tor Close, Porthleven, Helston, Cornwall TR13 9AE2
£190K10/222.54 mi13, Tor Close, Porthleven, Helston, Cornwall TR13 9AE2
£175K08/232.77 mi7, Kestrel Close, Porthleven, Helston, Cornwall TR13 9DU2
£205K09/222.77 mi27, Mounts Bay Terrace, Porthleven, Helston, Cornwall TR13 9ED2
£275K03/212.81 mi8, St Elvans Courtyard, Porthleven, Helston, Cornwall TR13 9FB2
£495K11/232.87 miApartment 12, Monterey, Methleigh Bottoms, Porthleven, Helston, Cornwall TR13 9JR2

Local Rents

11 rents from £875/mo to £975/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£90009/240.11 miHellis Wartha, Helston, TR132
£90009/240.11 miPlover Avenue, Helston, Cornwall2
£92509/240.7 miChurch Street, Helston, Cornwall2
£95009/240.74 miForth Gwedhen, Heslton2
£92509/240.76 miFive Wells Lane, Helston, Cornwall2
£97508/240.84 mi-2
£95012/240.84 mi-2
£95001/250.84 mi-2
£95009/240.84 miSeneschall Park, Helston, TR132
£92509/240.93 miOrchard Close, Helston, Cornwall, TR132
£87509/240.95 miGweal Wartha, Helston2

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

0.57 miles away

Nearest school

0.40 miles away

Nearest train station

7.62 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £120,250

August 21, 2024

Floor Plans

Description

  • 65% DISCOUNTED SALE +
  • SECTION 106 PROPERTY +
  • PARKING +
  • GENEROUS PRIVATE GARDEN +
  • GAS CENTRAL HEATING +

Offered to the market at 65% of the overall market value. This light and spacious ground floor apartment benefits from off street parking and has its own generous private garden. From the front door you enter the entrance hallway with doors off to all rooms. The open plan style kitchen, living, dining room is light and spacious with French doors to the side patio area. Two generous bedrooms, family bathroom and a deep storage cupboard.

An early viewing is highly recommended, please see agents notes for restrictions.

Leasehold-999 years 989 Remaining
Council Tax Band A
EPC C
Gas Central Heating
65% Discounted Sale-Full Market Value £185,000.

AGENT NOTE
Eligibility - Local connection required.
In terms of eligibility, preference is given to those with a Helston connection and the need for a 2 bedroom property however we can also consider those with a Cornwall connection after a period of two weeks of advertising:

- 12 months + residency
- Permanent employment 16 hours + per week
- Former residency of 5 + years
- Close family connection where that family member has lived for 5 + years (Mum/Dad/Son/Daughter/Brother/Sister)
- Other special circumstances that we may be able to consider. (Please call with details)

In addition potential buyers will need to:
- Be in Housing Need - i.e. living with family/renting and otherwise unable to afford a home on the open market
- Have a maximum household income of £80,000
- Have a minimum 10% deposit (or 5% with relevant AIP)
- Have a recent AIP from a s.106 lender.

LOCATION
The most southerly town in Great Britain, Helston is a bustling traditional Cornish town on the Lizard Peninsula. Known globally for its annual Furry Dance (known locally as the Flora Dance), the town is full of quaint streets and stone cottages, with an array of boutiques, shops and cafes on the high street which dates back to medieval times. Nestled in beautiful Cornish countryside, the town is well located for exploring the coast, with the fishing port of Porthleven a short drive away along with the stunning beaches of Kynance Cove, Gunwalloe and Poldhu.

Agent Details

Martin & Co, Falmouth

01326 332571

Next Steps?

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