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

Tehidy Road, Camborne, Cornwall, TR14 8LL - 6 months ago

HMO
Planning
ROI: 12%
~279 m²
+46 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Total Cash In

£163,700

 

 

Cash Out

 

Room Rate

£598

Gross Rent

£5,382

Running Costs/mo

£3,688

Cashflow/mo

£1,694

Cashflow/yr

£20,331

ROI

12%

Gross Yield

13%













Property History

Price changed to £500,000

December 27, 2024

Listed for £550,000

September 19, 2024

Floor Plans

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?

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

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