4 Bed Detached House, Cash/Bridging Only, Helston, TR13 0PG, £475,000

Trewennack, Helston, Cornwall, TR13 0PG - 7 months ago

Under Offer
Cash
~129 m²
+8 photos

ValuationOvervalued

Sold Prices£249.9K - £430K
Sold Prices/m²£2.3K/m² - £4.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.7K/m²

Value Estimate

£380,428

 

 

End Value (After Refurb)

£397,381

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£56,692

Bridging Loan Interest

£12,469

Total Cash In

£216,360

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£397,381

Mortgage (After Refinance)

£298,036

Mortgage LTV

75%

Cash Left In

£216,360

Equity

£99,345

Rent Range

£1,175 - £2,000

Rent Estimate

£1,517

Running Costs/mo

£1,565

Cashflow/mo

£-48

Cashflow/yr

£-579

Gross Yield

4%

Local Sold Prices

21 sold prices from £249.9K to £430K, average is £380K. £2.3K/m² to £4.3K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£317K10/230.48 mi9, Treveth Lane, Helston, Cornwall TR13 8FD4
£430K09/210.48 mi4, Pen An Drea, Helston, Cornwall TR13 8FT4
£395K03/210.55 mi5, Gwendrona Close, Helston, Cornwall TR13 8GP4
£294K05/210.58 mi12, Roskruge Close, Helston, Cornwall TR13 8GL4
£427.5K01/230.64 mi4, Treworlis Close, Helston, Cornwall TR13 8GN4
£420K02/230.64 mi87, Hawkins Way, Helston, Cornwall TR13 8FQ4
£295K02/210.71 mi153, Hellis Wartha, Helston, Cornwall TR13 8WF4
£380K12/230.74 mi38, Hellis Wartha, Helston, Cornwall TR13 8WE4
£380K12/210.81 mi63, Bosnoweth, Helston, Cornwall TR13 8FR4
£400K09/210.81 mi72, Bosnoweth, Helston, Cornwall TR13 8FR4
£387.5K12/200.81 mi44, Bosnoweth, Helston, Cornwall TR13 8FR4
£350K04/210.85 mi34, Bosnoweth, Helston, Cornwall TR13 8FP4
£315K11/220.89 mi157, Pendeen Park, Helston, Cornwall TR13 0SL4
£325K02/210.89 mi107, Pendeen Park, Helston, Cornwall TR13 0SL4
£390K11/200.92 miPenolva House, 38, Gwarth An Drae, Helston, Cornwall TR13 0BS4
£305K11/230.92 mi56, Gwarth An Drae, Helston, Cornwall TR13 0BS4
£407.5K10/230.94 mi3, The Paddock, Helston, Cornwall TR13 8NS4
£380K06/210.94 mi1, The Paddock, Helston, Cornwall TR13 8NS4
£345K08/230.96 mi1, Tenderah Road, Helston, Cornwall TR13 8NT4
£330K01/210.96 mi60, Tenderah Road, Helston, Cornwall TR13 8NT4
£249.9K09/210.99 mi24, Godolphin Road, Helston, Cornwall TR13 8PY4

Local Rents

16 rents from £1.2K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35009/240.58 miFalmouth Road, Helston3
£1,80009/240.58 miFalmouth Road, Helston5
£1,45009/240.58 miFalmouth Road, Helston3
£1,40009/240.58 miTrenithick Avenue, Helston, TR135
£1,45009/240.58 miFalmouth Road, Helston3
£1,80009/240.59 miFalmouth Road, Helston5
£1,80009/240.6 miFalmouth Road, Helston5
£1,35009/240.64 miFalmouth Road, Helston3
£1,35009/240.64 miFalmouth Road, Helston3
£1,17509/240.97 mi-3
£1,20003/250.97 mi-3
£1,20010/240.98 mi-3
£2,00002/240.99 mi-4
£1,60001/250.99 mi-4
£1,30003/251.11 mi-3
£1,60002/241.21 mi-4

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

1.17 miles away

Nearest school

1 miles away

Nearest train station

7.15 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £475,000

September 16, 2024

Description

  • DETACHED BARN CONVERSION +
  • NEWLY RENOVATED +
  • MASTER EN SUITE +
  • OIL FIRED CENTRAL HEATING +

Situated just off the A394 in the rural Cornish hamlet of Trelil is this beautifully presented, newly renovated four bedroom detached barn conversion. The residence, which benefits from oil fired central heating and double glazing, boasts many character features from its local stone facade to impressive Inglenook fireplaces. The conversion, which has been undertaken by a greatly experienced and well regarded local developer, is now completed with works continuing on other barns on the site.

In brief, the accommodation comprises an open plan kitchen/diner, utility room, w.c., office/bedroom four and completing the ground floor a lounge. On the first floor is a bathroom and three bedrooms, the master of which having an ensuite shower room. To the front of the property is good size front garden which is hard landscaped for ease of maintenance. Located close to the property is parking for two vehicles.

Trewennack is a rural hamlet a short distance from the market town of Helston. The hamlet is renowned for its well established horticultural show. More extensive amenities can be found in the nearby town of Helston with many national stores, supermarkets, cinema, sports centre, with indoor swimming pool, and both primary and secondary schooling.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)
FRENCH DOORS TO

KITCHEN/DINER 7.54M X 4.80M (MAXIMUM MEASUREMENTS)
(24'9" X 15'9" (MAXIMUM MEASUREMENTS)
A large, open plan kitchen/diner with modern stylish kitchen comprising working top surfaces incorporating a one and a half bowl sink unit with mixer tap over, cupboards and drawers under and wall cupboards over. An array of built in appliances include an induction hob, dishwasher, oven, microwave, fridge/freezer and a wine fridge. There is a island bar with breakfast bar area and pendant lighting. The room has an outlook to the front and an impressive Inglenook fireplace acts as the focal point for the room and houses a multi fuel burner with decorative lighting. There is a door to the office/bedroom four, built in cupboard, door to the lounge and door to

UTILITY ROOM 2.67M X 2.29M NARROWING TO 1.83M (8'9" X 7'6" NARROWING TO 6')
Comprising working top surfaces incorporating a one and a half bowl sink unit with drainer and mixer tap over, cupboards under and wall cupboards over. There is space for a washing machine and tumble dryer. There is partially tiled walls, tiled floor, door to the outside and door to

W.C.
Comprising a close coupled w.c., wall mounted wash basin with mixer tap and a tiled splashback.

BEDROOM FOUR/OFFICE 5.49M X 2.29M (18' X 7'6" )
With outlook to the rear and an obscured window to the side. This room is currently utilised as a home office.

LOUNGE 5.79M X 4.42M (19' X 14'6")
A dual aspect room with outlook to the front and rear. There is a door to the front, a feature fireplace housing a wood burner and stairs to the first floor.

STAIRS AND LANDING
With doors to all bedrooms, access to eaves storage, skylight and door to

BATHROOM
Comprising a P shaped bath with mixer tap and shower over, close coupled w.c. and wash basin with drawers under and mixer tap over. There is an obscured window to the front, tiled floor, partially tiled walls and a towel rail.

MASTER BEDROOM 4.95M X 5.26M NARROWING TO 2.59M
(16'3" X 17'3" NARROWING TO 8'6")
An L shaped room with outlook to the front and door to

EN SUITE
Comprising a close coupled w.c., wash basin with cupboards under and mixer tap over, shower cubicle with both rain and flexible shower heads. There is a towel rail, tiled floor, partially tiled walls and having a skylight.

BEDROOM TWO 4.80M X 3.73M (MAXIMUM MEASUREMENTS) (15'9" X 12'3" (MAXIMUM MEASUREMENTS)
With outlook to the front.
BEDROOM THREE 3.58M X 3.05M (MINUS DOOR RECESS)
(11'9" X 10' (MINUS DOOR RECESS)
Outlook to the front.

OUTSIDE
To the front of the property is a good size front garden which is hard landscaped for ease of maintenance. Parking is provided for the property with two spaces close by. To the side of the property is a further low maintenance area with useful shed which benefits from power.

AGENTS NOTE ONE
We are advised that the property is Grade II listed.

AGENTS NOTE TWO
We are advised the property has private drainage and the drainage system is shared with neighbouring properties.

AGENTS NOTE THREE
We are advised that there is a shared driveway with neighbouring properties.

COUNCIL TAX BAND
Band E

MOBILE AND BROADBAND COVERAGE
To check the mobile and broadband coverage for this property please refer to the attached brochure.

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.

Agent Details

Christophers, Helston

01326 331637

Next Steps?

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