2 Bed Terraced House, Refurb/BRRR, Camborne, TR14 8PB, £165,000

Tuckingmill Camborne - Chain free sale, requires updating, TR14 8PB - 3 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£97K - £267K
Sold Prices/m²£1.5K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£169,950
BMV3%

 

 

End Value (After Refurb)

£187,305

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£29,746

Bridging Loan Interest

£4,331

Total Cash In

£83,228

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£187,305

Mortgage (After Refinance)

£140,479

Mortgage LTV

75%

Cash Released

£16,729

Cash Left In

£66,499

Equity

£46,826

Rent Range

£396 - £1,375

Rent Estimate

£943

Running Costs/mo

£794

Cashflow/mo

£149

Cashflow/yr

£1,789

ROI

2%

Gross Yield

7%

Local Sold Prices

53 sold prices from £97K to £267K, average is £165K. £1.5K/m² to £4.5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£97K12/200.04 mi205, North Roskear Road, Tuckingmill, Camborne, Cornwall TR14 8PP2
£159.9K01/210.04 mi197, North Roskear Road, Tuckingmill, Camborne, Cornwall TR14 8PP2
£140K05/230.04 mi207, North Roskear Road, Tuckingmill, Camborne, Cornwall TR14 8PP2
£140K04/230.06 mi88, North Roskear Road, Camborne, Cornwall TR14 8PR2
£102.5K05/210.06 mi95a, Pendarves Street, Tuckingmill, Camborne, Cornwall TR14 8NN2
£250K05/210.08 mi173, North Roskear Road, Camborne, Cornwall TR14 8PW2
£200K01/240.12 mi40, Edward Street, Tuckingmill, Camborne, Cornwall TR14 8PA2
£156K03/210.12 mi43, Pendarves Street, Tuckingmill, Camborne, Cornwall TR14 8NP2
£185K09/230.15 mi99, Pendrea Park, North Roskear, Camborne, Cornwall TR14 8PQ2
£200K06/210.37 mi21, Bellever Parc, Camborne, Cornwall TR14 8RN2
£125K10/210.38 mi79, North Roskear Road, Tuckingmill, Camborne, Cornwall TR14 8PX2
£185K05/230.46 mi14, Boswithian Road, Tolvaddon, Camborne, Cornwall TR14 0EJ2
£132K06/230.47 mi4, Cliff View Terrace, Camborne, Cornwall TR14 8PZ2
£180K10/230.5 mi89, Roskear Road, Camborne, Cornwall TR14 8BX2
£160K04/210.52 mi27, Polwheal Road, Tolvaddon, Camborne, Cornwall TR14 0EU2
£130K07/210.52 mi58, Park Road, Camborne, Cornwall TR14 8QB2
£110K01/230.53 mi4, Dolcoath Avenue, Camborne, Cornwall TR14 8RY2
£135K05/230.53 mi18, Dolcoath Avenue, Camborne, Cornwall TR14 8RY2
£170K09/230.53 mi28, Dolcoath Avenue, Camborne, Cornwall TR14 8RY2
£165K08/210.54 mi4, Brea Arch, Brea, Camborne, Cornwall TR14 9BW2
£178K08/210.54 mi24, Rose Cottages, Camborne, Cornwall TR14 8DD2
£158K12/200.55 mi54, Laity Fields, Camborne, Cornwall TR14 8RT2
£145K02/210.55 mi51, Laity Fields, Camborne, Cornwall TR14 8RT2
£165.5K03/210.55 mi65, Laity Fields, Camborne, Cornwall TR14 8RT2
£180K05/230.55 mi51, Laity Fields, Camborne, Cornwall TR14 8RT2
£200K09/230.55 mi65, Laity Fields, Camborne, Cornwall TR14 8RT2
£200K10/230.55 mi22, Laity Fields, Camborne, Cornwall TR14 8RT2
£135K04/210.57 mi35, Roskear Road, Camborne, Cornwall TR14 8BT2
£177K12/210.58 mi7, Wheal Gerry, Camborne, Cornwall TR14 8TY2
£160K01/210.58 mi10, Wheal Gerry, Camborne, Cornwall TR14 8TY2
£165K04/210.58 mi20, Wheal Gerry, Camborne, Cornwall TR14 8TY2
£116K12/200.59 mi11, Penrose Court, Tolvaddon, Camborne, Cornwall TR14 0EN2
£117K03/210.59 mi23, Penrose Court, Tolvaddon, Camborne, Cornwall TR14 0EN2
£118.2K08/210.59 mi28, Penrose Court, Tolvaddon, Camborne, Cornwall TR14 0EN2
£140K04/240.59 mi23, Penrose Court, Tolvaddon, Camborne, Cornwall TR14 0EN2
£140K04/240.59 mi23, Penrose Court, Tolvaddon, Camborne, Cornwall TR14 0EN2
£150K02/240.59 mi24, Penrose Court, Tolvaddon, Camborne, Cornwall TR14 0EN2
£165K01/240.6 mi35, Roskear Road, Camborne, Cornwall TR14 8BT2
£225K02/240.61 mi1, Godrevy Place, Camborne, Cornwall TR14 0GG2
£185K11/230.62 mi16, Tregarrian Road, Tolvaddon, Camborne, Cornwall TR14 0HD2
£222K02/210.63 mi55, Trecarrack Road, Pengegon, Camborne, Cornwall TR14 7UQ2
£211K03/240.63 mi46, Trecarrack Road, Pengegon, Camborne, Cornwall TR14 7UQ2
£211K03/240.63 mi46, Trecarrack Road, Pengegon, Camborne, Cornwall TR14 7UQ2
£190K09/230.64 mi5, Pengeron Avenue, Tolvaddon, Camborne, Cornwall TR14 0EL2
£182.5K02/240.64 mi1, Pengeron Avenue, Tolvaddon, Camborne, Cornwall TR14 0EL2
£154K10/200.66 mi17, Albert Street, Camborne, Cornwall TR14 8BW2
£160K04/230.66 mi28, Penwarne Close, Tolvaddon, Camborne, Cornwall TR14 0HG2
£165K07/230.66 mi26, Penwarne Close, Tolvaddon, Camborne, Cornwall TR14 0HG2
£165K07/230.66 mi26, Penwarne Close, Tolvaddon, Camborne, Cornwall TR14 0HG2
£194K12/230.66 mi2, Penwarne Close, Tolvaddon, Camborne, Cornwall TR14 0HG2
£170K11/230.66 mi4, Albert Street, Camborne, Cornwall TR14 8BW2
£157K11/200.66 mi39, Nicholas Holman Road, Camborne, Cornwall TR14 8FN2
£267K08/230.69 mi21, Huntersfield, Tolvaddon, Camborne, Cornwall TR14 0HW2

Local Rents

33 rents from £396/mo to £1.4K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£77507/240.15 mi-2
£69509/230.21 mi-2
£1,10009/240.21 miRoskear, Camborne, Cornwall, TR142
£1,10009/240.21 miRoskear Parc, Tuckingmill, Camborne, Cornwall, TR142
£85001/250.55 mi-2
£85001/250.55 mi-2
£1,10012/240.55 mi-2
£1,10012/240.55 mi-2
£1,10012/240.55 mi-2
£1,25009/230.65 mi-2
£85009/240.66 miWalters Way, Camborne, Cornwall, TR142
£90009/240.68 miCamborne2
£92510/240.71 mi-2
£90012/240.71 mi-2
£90011/240.71 mi-2
£1,10009/240.74 miPenhallick, Carn Brea, Redruth, Cornwall, TR152
£75002/240.75 mi-2
£80004/250.83 mi-2
£95009/240.86 mi-2
£95010/240.86 mi-2
£80012/240.87 mi-2
£90009/240.92 mi-2
£90012/240.92 mi-2
£85004/250.98 mi-2
£1,20004/251.02 mi-2
£97508/241.03 mi-2
£99503/251.03 mi-2
£1,00009/241.04 miTreloweth Way, Pool, Redruth, Cornwall2
£95003/251.04 mi-2
£1,20009/241.1 miBasset Mews, Camborne, Cornwall, TR142
£1,37502/241.14 mi-2
£1,37502/241.14 mi-2
£39609/241.18 mi-2

Local Area Statistics

Population in TR14

24,578

Town centre distance

0.83 miles away

Nearest school

0.40 miles away

Nearest train station

1.09 miles away

 

 

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+43%

Property History

Listed for £165,000

September 6, 2024

Floor Plans

Description

  • Chain free sale +
  • Terraced stone fronted cottage +
  • Two bedrooms +
  • Lounge with beamed ceiling +
  • L-shaped kitchen/dining room +
  • Ground floor shower room +
  • uPVC double glazing +
  • Generous enclosed front garden +
  • Requires updating and modernisation +
  • No through road location +

Situated in a no-through road location, Scowbuds is a popular residential area on the outskirts of Camborne and within easy access of the A30.

This stone fronted terraced house requires a program of updating and modernisation, there are two bedrooms on the first floor, a lounge with beamed ceiling, L-shaped dining room/kitchen and a downstairs shower room.

The property benefits from uPVC double glazing and there is an open fire in the lounge.

A particular feature of the property is its generous front garden which, subject to the usual consents, may be used to create off-road parking and there is an enclosed garden with outbuildings to the rear.

Offered for sale with no onward chain, properties of this type attract a good level of interest and viewing our interactive virtual tour is strongly recommended prior to a closer inspection.

The cottage is within three quarters of a mile of the centre of Camborne, less than a quarter of a mile from the A30 and out of town shopping outlets located on the outskirts of Pool are also nearby.

Camborne, which is steeped in mining history, offers all the facilities you would expect for modern living, there is a mix of national and local shopping outlets, banks and a Post Office together with a main line Railway Station which connects with London Paddington and the north of England.  

Truro, the administrative and cultural heart of Cornwall, is within thirteen miles and the north coast at Portreath is within five miles.

Falmouth on the south coast, which is Cornwall's university town is within fifteen miles.

Agent Details

MAP Estate Agents, Barncoose

01209 707695

Next Steps?

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