2 Bed Bungalow, Cash/Bridging Only, Helston, TR13 8FR, £269,950

61 BOSNOWETH, HELSTON, CORNWALL, TR13 8FR - 3 views - 7 months ago

Under Offer
Cash
54 m²
+3 photos

ValuationOvervalued

Sold Prices£126.8K - £350K
Sold Prices/m²£1.8K/m² - £5.1K/m²

 

 

Square Metres

54 m²
Price/m²£5K/m²

Value Estimate

£175,135

 

 

End Value (After Refurb)

£250,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,488

Stamp Duty & Legal Fees

£10,296

Refurb Costs

£23,684

Bridging Loan Interest

£7,086

Total Cash In

£110,304

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£250,000

Mortgage (After Refinance)

£187,500

Mortgage LTV

75%

Cash Left In

£110,304

Equity

£62,500

Rent Range

£875 - £975

Rent Estimate

£928

Running Costs/mo

£987

Cashflow/mo

£-59

Cashflow/yr

£-706

Gross Yield

4%

Local Sold Prices

52 sold prices from £126.8K to £350K, average is £211K. £1.8K/m² to £5.1K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£165K06/210.09 mi15, Kellaway Park, Helston, Cornwall TR13 8QU2
£161.3K11/200.11 mi23, Hellis Wartha, Helston, Cornwall TR13 8WE2
£140.6K01/210.11 mi74, Hellis Wartha, Helston, Cornwall TR13 8WE2
£142.5K02/210.11 mi22, Hellis Wartha, Helston, Cornwall TR13 8WE2
£172.5K09/220.11 mi75, Hellis Wartha, Helston, Cornwall TR13 8WE2
£157.5K12/220.14 mi55, Hellis Wartha, Helston, Cornwall TR13 8WE2
£225K11/230.17 mi20, Hawkins Way, Helston, Cornwall TR13 8FQ2
£225K11/230.17 mi20, Hawkins Way, Helston, Cornwall TR13 8FQ2
£215K03/240.17 mi17, Hawkins Way, Helston, Cornwall TR13 8FQ2
£126.8K11/210.19 mi12, Tregarrick View, Helston, Cornwall TR13 8GU2
£136.5K01/210.25 mi26, Plover Avenue, Helston, Cornwall TR13 8FW2
£150K01/210.29 mi12, Trengrouse Way, Helston, Cornwall TR13 8AF2
£270K09/230.31 miHazeldene, Sanctuary Lane, Helston, Cornwall TR13 8UG2
£158.5K11/200.33 mi77, Trelawney Road, Helston, Cornwall TR13 8AT2
£163K02/210.33 mi95, Trelawney Road, Helston, Cornwall TR13 8AT2
£200K04/210.36 mi34, Godolphin Road, Helston, Cornwall TR13 8QD2
£172K05/210.36 mi32, Trevenen Road, Helston, Cornwall TR13 8AH2
£190K10/200.4 mi19, Parc An Dower, Helston, Cornwall TR13 8AQ2
£215K02/240.4 mi4, Parc An Dower, Helston, Cornwall TR13 8AQ2
£159.9K05/210.44 mi43b, Wendron Street, Helston, Cornwall TR13 8PT2
£235K04/230.45 mi11, Penrose Road, Helston, Cornwall TR13 8TP2
£245K11/230.45 mi6, Penrose Road, Helston, Cornwall TR13 8TP2
£245K11/230.45 mi6, Penrose Road, Helston, Cornwall TR13 8TP2
£170K11/200.45 mi129, Meneage Street, Helston, Cornwall TR13 8RW2
£200K02/230.45 mi129, Meneage Street, Helston, Cornwall TR13 8RW2
£175K11/220.45 mi147, Meneage Street, Helston, Cornwall TR13 8RS2
£192K03/230.45 miWoodstock, 2, Canons Place, Helston, Cornwall TR13 8LS2
£225K06/230.46 mi4, Whitehill Terrace, Helston, Cornwall TR13 8SQ2
£232K10/230.46 mi2, Whitehill Terrace, Helston, Cornwall TR13 8SQ2
£285K09/230.46 mi5, Gwealdues, Helston, Cornwall TR13 8LA2
£270.5K10/230.51 mi1, Jubilee Terrace, Helston, Cornwall TR13 8JB2
£235K12/200.51 mi2, Penview Crescent, Helston, Cornwall TR13 8RX2
£175K10/230.55 mi30, Church Street, Helston, Cornwall TR13 8TQ2
£189.5K05/210.56 mi3a, Church Hill, Helston, Cornwall TR13 8NN2
£240K08/230.56 mi3a, Church Hill, Helston, Cornwall TR13 8NN2
£210K11/200.56 mi25, Barton Close, Helston, Cornwall TR13 8LL2
£240K01/210.57 mi2, Trenethick Close, Helston, Cornwall TR13 8LQ2
£216.5K02/230.61 mi76, Manor Way, Helston, Cornwall TR13 8LZ2
£160K01/240.64 mi15, Lady Street, Helston, Cornwall TR13 8NA2
£225.8K04/230.65 mi5, Furry Way, Helston, Cornwall TR13 8SN2
£191.5K06/210.67 mi12, Cross Street, Helston, Cornwall TR13 8NG2
£212K10/230.68 mi3, Nettles Hill, Helston, Cornwall TR13 8HD2
£280K11/230.74 mi20, Trenethick Avenue, Helston, Cornwall TR13 8LU2
£350K11/210.75 mi1, Castel Wary Close, Helston, Cornwall TR13 8SF2
£182K11/200.76 mi34, Tremenheere Avenue, Helston, Cornwall TR13 8SY2
£247K02/230.76 mi38, Tremenheere Avenue, Helston, Cornwall TR13 8SY2
£235K12/220.76 mi34, Tremenheere Avenue, Helston, Cornwall TR13 8SY2
£235K01/240.76 mi32, Tremenheere Avenue, Helston, Cornwall TR13 8SY2
£305K09/220.78 mi4, Gwealhellis Warren, Helston, Cornwall TR13 8PQ2
£250K08/230.79 mi26, Parc Holland, Helston, Cornwall TR13 8GR2
£189.9K10/200.79 mi18, Trenance Close, Helston, Cornwall TR13 8UX2
£250K05/230.79 miThe Little House, St Johns Road, Helston, Cornwall TR13 8HW2

Local Rents

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

RentDateDistanceAddressBeds 
£90009/240.11 miHellis Wartha, Helston, TR132
£90009/240.26 miPlover Avenue, Helston, Cornwall2
£92509/240.54 miChurch Street, Helston, Cornwall2
£92509/240.58 miFive Wells Lane, Helston, Cornwall2
£92509/240.83 miOrchard Close, Helston, Cornwall, TR132
£95009/240.83 miForth Gwedhen, Heslton2
£97508/240.88 mi-2
£95012/240.88 mi-2
£95001/250.88 mi-2
£95009/240.88 miSeneschall Park, Helston, TR132
£87509/240.91 miGweal Wartha, Helston2

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

0.38 miles away

Nearest school

0.20 miles away

Nearest train station

7.68 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £269,950

September 16, 2024

Sold for £89,500

2002

Description

  • DETACHED BUNGALOW +
  • GARDEN +
  • GARAGE & PARKING +

Situated in the Cornish market town of Helston in the well regarded residential area of Bosnoweth is this two bedroom detached bungalow. The residence, which benefits from mains gas central heating and double glazing, is well presented and to the rear of the property there is a good size garden. To the side of residence a driveway provides parking and leads to a garage.

In brief, the accommodation comprises of a hall, kitchen, lounge/diner, bathroom and two bedrooms.

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 beaches, coves and cliff top walks. The town has amenities that include national stores, supermarkets, doctors' surgeries and churches along with many clubs and societies. There are a number of well regarded primary schools and a comprehensive school with sixth form college.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)

DOOR TO

HALL
With doors to all internal rooms.

KITCHEN 3.20M X 1.91M (10'6" X 6'3")
With working top surfaces incorporating a one and a half bowl sink unit with drainer and mixer tap over, cupboards and drawers under and wall cupboards over. There is space for an oven, fridge and washing machine. The room has partially tiled walls and an outlook to the front.

LOUNGE/DINER 5.03M X 3.05M (MAXIUM MEASUREMENTS)
(16'6" X 10' (MAXIUM MEASUREMENTS)
An irregular shaped room with patio doors which open onto the garden and having a mock fireplace.

BEDROOM ONE 3.28M X 2.74M PLUS DOOR RECESS (10'9" X 9" PLUS DOOR RECESS)
Outlook to the rear garden and having built in wardrobes.

BEDROOM TWO 2.67M X 2.59M PLUS DOOR RECESS (8'9" X 8'6" PLUS DOOR RECESS)
Outlook to the front.

BATHROOM
Comprising a close coupled w.c., pedestal wash hand basin and a bath with electric shower over. There are partially tiled walls and an obscured window to the side.

OUTSIDE
The rear garden is of particularly good size and has a pleasant patio which would seem ideal for Al Fresco dining and entertaining. To the side of the residence is a driveway which provides parking and leads to a garage.

SERVICES
Mains electricity, water, drainage and gas.

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

COUNCIL TAX BAND
Band B

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?

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