9 Bed HMO, Camborne, TR14 8LL £500,000

Tehidy Road, Camborne, Cornwall, TR14 8LL - 1 views - a year ago
HMO
Planning
Outside Article 4
ROI: 13%
~279 m²
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+26 photos

ValuationUndervalued

Sold Prices£175K - £585K
Sold Prices/m²£1.3K/m² - £3.5K/m²

 

 

Square Metres

~279 m²
Price/m²£1.8K/m²

Value Estimate

£625,000
BMV25%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£41,200

Total Cash In

£166,200

 

 

Cash Out

 

Room Rate

£615

Gross Rent

£5,535

Running Costs/mo

£3,721

Cashflow/mo

£1,814

Cashflow/yr

£21,763

ROI

13%

Gross Yield

13%

Local Sold Prices

45 sold prices from £175K to £585K, average is £302K. £1.3K/m² to £3.5K/m², average is £2.7K/m².

Price
Date
Distance
Address
Beds
 
£283K10/230.23 mi5, Treglenwith Road, Camborne, Cornwall TR14 7JA4
£300K02/250.3 miBoslowen, Trerise Road, Camborne TR14 7HB4
£300K02/250.3 miBoslowen, Trerise Road, Camborne TR14 7HB4
£210K03/230.32 mi4, St Martins Crescent, Camborne, Cornwall TR14 7HQ4
£300K02/230.38 mi32, Wellington Close, Camborne, Cornwall TR14 7HE4
£340K02/240.4 mi2, Weeth Close, Camborne, Cornwall TR14 7JJ4
£287.5K11/230.45 mi7, North Parade, Camborne, Cornwall TR14 8BJ4
£436K03/230.46 mi4, Seton Gardens, Camborne, Cornwall TR14 7JS4
£410.5K04/230.52 mi31, Marriotts Avenue, Camborne, Cornwall TR14 7HA4
£175K02/250.52 mi14, West Seton Road, Camborne TR14 0FF4
£345K10/240.56 miThe Iris, Roskear, Camborne TR14 8DF4
£330K03/240.57 mi6, Victoria Street, Camborne, Cornwall TR14 8HD4
£327K10/240.58 miNorvere, Langorran Road, Treswithian TR14 7XQ4
£226K08/230.59 mi113, Roskear Road, Camborne, Cornwall TR14 8BY4
£380K10/240.61 mi4, Dolcoath Road, Camborne TR14 8RW4
£355K12/240.61 mi28, Basset Street, Camborne TR14 8SP4
£190K05/230.63 mi14, Centenary Street, Camborne, Cornwall TR14 8HR4
£355K01/240.64 mi29, Roskear, Camborne, Cornwall TR14 8DG4
£302K01/230.65 mi7, Roskear Croft, Camborne, Cornwall TR14 0AZ4
£295K11/220.68 mi74, Carnarthen Street, Camborne, Cornwall TR14 8UP4
£372.5K02/250.68 mi41, Roskear, Camborne TR14 8DG4
£307K09/230.69 mi14, South Terrace, Camborne, Cornwall TR14 8ST4
£295K02/250.71 mi10, North Roskear Village, Camborne TR14 0AS4
£300K12/230.74 mi10, Foundry Road, Camborne, Cornwall TR14 7XB4
£230.5K03/250.75 mi24, Kerrier Way, Camborne TR14 8FH4
£230.5K03/250.75 mi24, Kerrier Way, Camborne TR14 8FH4
£265K12/240.76 mi49, Pendrea Park, Camborne TR14 8PH4
£247.5K05/250.76 mi83, Pendrea Park, Camborne TR14 8PQ4
£247.5K05/250.76 mi83, Pendrea Park, Camborne TR14 8PQ4
£359.8K08/210.76 miTrenwith, Park Holly, Treswithian, Camborne, Cornwall TR14 7NQ4
£262K10/240.77 mi1, Stannary Road, Camborne TR14 8GN4
£280K12/220.77 mi8, Edward Street, Tuckingmill, Camborne, Cornwall TR14 8PA4
£245K11/240.78 mi91, Pendrea Park, Camborne TR14 8PQ4
£585K10/240.8 miAkwaaba, Tregenna Fields, Camborne TR14 7QS4
£390K03/230.83 mi27, Pendarves Road, Camborne, Cornwall TR14 7QF4
£350K02/250.83 mi9, Vean Terrace, Camborne TR14 7AT4
£350K02/250.83 mi9, Vean Terrace, Camborne TR14 7AT4
£405K06/230.83 mi3, Tregenna Fields, Camborne, Cornwall TR14 7QS4
£342K06/230.88 mi15, Atlantic Terrace, Camborne, Cornwall TR14 7AW4
£210K12/220.89 mi1b, Penlu, Tuckingmill, Camborne, Cornwall TR14 8NL4
£290K09/230.9 mi6, Penlu, Tuckingmill, Camborne, Cornwall TR14 8NL4
£350K11/230.97 miTrelawan, Killivose Road, Camborne, Cornwall TR14 7RN4
£310.3K11/210.97 mi57, Mount Pleasant Road, Camborne, Cornwall TR14 7RJ4
£330K12/220.98 mi56, Mount Pleasant Road, Camborne, Cornwall TR14 7RJ4
£385K11/240.98 miAlderaan, Killivose Road, Camborne TR14 7RN4

Local Area Statistics

Population in TR14

24,578

Town centre distance

0.36 miles away

Nearest school

0.30 miles away

Nearest train station

0.74 miles away

 

 

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Price changed to £500,000

December 27, 2024

Listed for £550,000

September 19, 2024

Sold for £455,000

2007

Sold for £245,000

2002

Floor Plans

Property image

Description

Thought to date back to 1801 this huge versatile property formally run as a care home is now empty and offered with no onward sales chain.

The property could be utilised as a HMO or even for a large family of multiple generations. Attached to the imposing property is an attached self-contained two bedroom cottage, providing even more flexible living options or rental income.

Outside to the front boasts off road driveway parking, whilst the rear offers a large enclosed and private garden predominately laid to lawn with planning permission for a detached bungalow with three bedrooms.
Internally the main house contains many period features and accommodation briefly comprises four reception rooms, kitchen/diner, utility, W.C and shower room.
The first floor five bedrooms, a store room, two separate W.Cs and two bathrooms.
On the second floor a further two bedrooms and shower room.
The cottage is fully self contained with a sizeable open plan lounge kitchen/diner and two bedrooms upstairs with bathroom.

Situated in a very convenient location from Camborne town centre and easily accessible with a wide range of high street shops, stores and supermarkets as well as local retail outlets, banks, schools for all ages and a Post Office. The train station provides a link to the cathedral city of Truro and is the mainline railway to London Paddington, whilst the A30 trunk road is easily accessible. The attractive north coast of Cornwall with its beautiful walks and stunning beaches are within 3-4 miles. Also nearby is the coastal town of Hayle with its three miles of golden sandy beaches and the superb woodland golf course at Tehidy is only approximately 3 miles away.

Agent Details

Miller Countrywide, Camborne

01209 704569

Next Steps?

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