3 Bed Semi-Detached House, Cash/Bridging Only, Helston, TR13 9BW, £300,000

6 TREGONNING VIEW, PORTHLEVEN, TR13 9BW - 3 views - 6 months ago

Cash
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£210K - £650K
Sold Prices/m²£2.5K/m² - £6.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£319,300
BMV3%

 

 

End Value (After Refurb)

£339,777

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£13,500

Refurb Costs

£40,789

Bridging Loan Interest

£7,875

Total Cash In

£138,914

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£339,777

Mortgage (After Refinance)

£254,833

Mortgage LTV

75%

Cash Released

£29,833

Cash Left In

£109,082

Equity

£84,944

Rent Range

£650 - £1,600

Rent Estimate

£1,022

Running Costs/mo

£1,286

Cashflow/mo

£-264

Cashflow/yr

£-3,170

Gross Yield

4%

Local Sold Prices

42 sold prices from £210K to £650K, average is £336.6K. £2.5K/m² to £6.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£250K12/230 mi9, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£230K12/200 mi1, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£350K04/230 mi14, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£300K11/200.03 mi2, Warren Close, Porthleven, Helston, Cornwall TR13 9BL3
£285K05/240.04 mi80, Wheal Rose, Porthleven, Helston, Cornwall TR13 9AT3
£210K07/210.07 mi21, Parc An Maen, Porthleven, Helston, Cornwall TR13 9AU3
£320K03/240.07 mi13, Parc An Maen, Porthleven, Helston, Cornwall TR13 9AU3
£220K02/240.08 mi21, Wheal Rose, Porthleven, Helston, Cornwall TR13 9AS3
£338.2K12/200.09 mi11, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£357K10/200.09 mi3, Balfield Road, Porthleven, Helston, Cornwall TR13 9BQ3
£279.5K05/230.1 mi19, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£278K12/230.1 mi17, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£465K03/240.11 mi29, St Pirans Parc, Porthleven, Helston, Cornwall TR13 9BD3
£515K02/230.11 mi25, St Pirans Parc, Porthleven, Helston, Cornwall TR13 9BD3
£327.5K04/210.15 mi10, Peverell Road, Porthleven, Helston, Cornwall TR13 9DH3
£257K12/200.15 mi6, Peverell Road, Porthleven, Helston, Cornwall TR13 9DH3
£420K06/210.16 mi43, St Peters Way, Porthleven, Helston, Cornwall TR13 9AZ3
£322.5K06/230.16 miLyndhurst, Thomas Terrace, Porthleven, Helston, Cornwall TR13 9DE3
£465K12/210.18 mi10, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB3
£372.5K10/220.18 mi4, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB3
£370K08/230.19 mi61, St Peters Way, Porthleven, Helston, Cornwall TR13 9BB3
£235K04/210.19 mi9, Tor Close, Porthleven, Helston, Cornwall TR13 9AE3
£281.5K11/220.19 mi10, Wellington Terrace, Porthleven, Helston, Cornwall TR13 9HU3
£265K05/210.21 mi5, Wellington Terrace, Porthleven, Helston, Cornwall TR13 9HU3
£262.5K09/230.24 mi22, Gibson Way, Porthleven, Helston, Cornwall TR13 9AW3
£360K03/230.25 mi6, Bickford Crescent, Porthleven, Helston, Cornwall TR13 9AG3
£455K10/230.3 mi4, Bay View Terrace, Porthleven, Helston, Cornwall TR13 9JQ3
£445K03/240.32 mi5, Reeves Close, Porthleven, Helston, Cornwall TR13 9PB3
£495K07/230.32 mi3, Reeves Close, Porthleven, Helston, Cornwall TR13 9PB3
£472.5K12/200.33 miNeptune House, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9ER3
£499.9K08/230.37 mi4, Praze Road, Porthleven, Helston, Cornwall TR13 9LR3
£430K01/210.4 mi14, Claremont Terrace, Porthleven, Helston, Cornwall TR13 9JU3
£650K12/200.41 miLodge House, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9ES3
£390K07/230.42 mi3, Mill Close, Porthleven, Helston, Cornwall TR13 9LH3
£260K06/230.43 mi12, South View, Porthleven, Helston, Cornwall TR13 9LS3
£335K08/230.48 mi15, West View, Porthleven, Helston, Cornwall TR13 9LN3
£359.5K03/230.48 mi22, West View, Porthleven, Helston, Cornwall TR13 9LN3
£275K05/210.48 mi39, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£292K03/210.48 mi29, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£455K07/230.48 mi51, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£300K08/220.48 mi7, West View, Porthleven, Helston, Cornwall TR13 9LN3
£440K11/220.58 mi10, St Elvan Crescent, Porthleven, Helston, Cornwall TR13 9NA3

Local Rents

21 rents from £650/mo to £1.6K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£1,20011/240.17 mi-3
£89508/240.25 mi-1
£75003/250.37 mi-2
£65007/241.76 mi-1
£75005/241.78 mi-1
£92509/241.86 miFive Wells Lane, Helston, Cornwall2
£92509/241.95 miChurch Street, Helston, Cornwall2
£1,60002/241.96 mi-4
£1,00004/242.08 mi-2
£75009/242.1 mi-1
£1,20010/242.13 mi-3
£1,30003/252.14 mi-3
£92509/242.14 miOrchard Close, Helston, Cornwall, TR132
£1,17509/242.29 mi-3
£1,20003/252.29 mi-3
£75009/242.37 miCrosswalla Fields, Helston1
£87509/242.42 miGweal Wartha, Helston2
£90009/242.47 miHellis Wartha, Helston, TR132
£1,35009/242.47 miFalmouth Road, Helston3
£1,35009/242.47 miFalmouth Road, Helston3
£1,35009/242.47 miFalmouth Road, Helston3

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

2 miles away

Nearest school

0.40 miles away

Nearest train station

8.43 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Price changed to £300,000

February 4, 2025

Listed for £310,000

October 3, 2024

Description

  • CONSERVATORY +
  • GARAGE AND DRIVEWAY +
  • DOUBLE GLAZING +
  • CUL-DE-SAC +

Situated in the popular residential cul-de-sac of Tregonning View in the sought after Cornish fishing village of

Porthleven is this well proportioned, three bedroom semi-detached family home. The residence, which benefits from double glazing, has gardens to the front and rear and to the side a driveway provides parking and leads to a garage.

In brief the accommodation comprises a hall, lounge/diner, kitchen and, completing the ground floor, a conservatory. On the first floor is a bathroom and three bedrooms.

Porthleven is a vibrant, picturesque fishing village and mainland Britain's most southerly port. The village is renowned for its many highly regarded restaurants, long beach, surfing, rugged coastline and clifftop walks. Community groups are thriving within the village with sports' clubs and a prize winning brass band which can be heard echoing around the harbour on many a summer's Sunday evening. Local amenities include shops, restaurants, Public Houses, galleries, supermarket, doctors' surgery and a well regarded primary school.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)
Door to -

PORCH
With tiled floor, stairs to the first floor and door to -

LOUNGE/DINER 7.62M X 3.96M NARROWING TO 2.67M (AVERAGE MEASUREM (25' X 13' NARROWING TO 8'9" (AVERAGE MEASUREMENTS)
An open plan lounge/diner with feature fireplace housing an open fire (not known if in working order) with stone hearth and surround. There is an outlook to the front, door to the kitchen and patio doors to the -

CONSERVATORY 2.90M X 2.21M (9'6" X 7'3")
A dual aspect room with French doors opening on to the rear garden.

KITCHEN 2.97M X 2.21M (9'9" X 7'3" )
Comprising attractive working top surfaces incorporating a one and a half bowl sink unit with drainer, cupboards and drawers under and wall cupboards over. Built-in appliances include an oven, hob with hood over, fridge/freezer and a window provides an outlook to the rear garden. There are partially tiled walls and a tiled floor.

STAIRS & LANDING
With frosted window to the side, access to the loft, doors to all bedrooms and door to -

SHOWER ROOM
Comprising a shower cubicle, pedestal washbasin with mixer tap and cupboards under and a close coupled W.C. There are partially tiled walls and a frosted window to the front.

BEDROOM ONE 3.66M X 2.90M (MAXIMUM MEASUREMENTS) (12' X 9'6" (MAXIMUM MEASUREMENTS)
With outlook to the front.

BEDROOM TWO 3.58M X 2.90M (11'9" X 9'6" )
With outlook over other properties towards open countryside and Tregonning View in the distance. There is a built in cupboard which houses the water tank and immersion heater.

BEDROOM THREE 2.59M X 1.98M (8'6" X 6'6" )
With outlook over the village and towards open countryside.

OUTSIDE
There are gardens to the front and rear of the property with the front garden being terraced and to the side of the front garden, a driveway provides parking and leads to a garage. At the rear of the property is a further good sized terraced garden with decking and paved areas for ease of maintenance.

SERVICES
Mains water, electricity and drainage.

ANTI-MONEY LAUNDERING
We are required by law to ask all purchasers for verified ID prior to instructing a sale

PROOF OF FINANCE - 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.

DATE DETAILS PREPARED
24th September, 2024.

Agent Details

Christophers, Helston

01326 331637

Next Steps?

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