2 Bed Semi-Detached House, Refurb/BRRR, Helston, TR12 7LY, £170,000

4 Council Houses, Kuggar, Ruan Minor, Helston, Cornwall - 2 views - 6 months ago

Sold STC

Refurb/BRRR

69 m²

+11 photos

ValuationFair Value

Sold Prices	£154.4K - £1.3M
Sold Prices/m²	£2.1K/m² - £5.1K/m²

Square Metres	69 m²
Price/m²	£2.5K/m²
Value Estimate	£171,700£171,700

End Value (After Refurb)	£213,542£213,542
Uplift in Value	+26%+26%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£42,500£42,500
Stamp Duty & Legal Fees	£6,300£6,300
Refurb Costs	£30,107£30,107
Bridging Loan Interest	£4,463£4,463
Total Cash In	£85,120£85,120

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£213,542£213,542
Mortgage (After Refinance)	£160,156£160,156
Mortgage LTV	75%75%
Cash Released	£32,656£32,656
Cash Left In	£52,464£52,464
Equity	£53,385£53,385
Rent Range	No enough data locallyNo enough data locally
Rent Estimate	~£400
Running Costs/mo	£767£767
Cashflow/mo	£-367£-367
Cashflow/yr	£-4,408£-4,408
Gross Yield	3%3%

Local Sold Prices

9 sold prices from £154.4K to £1.3M, average is £281K. £2.1K/m² to £5.1K/m², average is £3.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£325K	12/20	0.12 mi	An Gwilkynuk, Kuggar, Ruan Minor, Helston, Cornwall TR12 7LY	£5,078	64	2	Detached House
£281K	08/21	0.88 mi	12, Mundys Field, Ruan Minor, Helston, Cornwall TR12 7LF	£3,849	73	2	Semi-Detached House
£230K	10/20	0.88 mi	3, Mundys Field, Ruan Minor, Helston, Cornwall TR12 7LF	£2,875	80	2	Detached House
£1.3M	12/21	1.33 mi	High Massetts, Cadgwith, Ruan Minor, Helston, Cornwall TR12 7LA	-	-	2	Detached House
£290K	11/22	2.64 mi	33, Croft Parc, The Lizard, Helston, Cornwall TR12 7PN	-	-	2	Semi-Detached House
£365K	06/21	2.68 mi	Angwenyn, Meaver Road, Mullion, Helston, Cornwall TR12 7DN	-	-	2	Detached House
£154.4K	10/20	2.72 mi	29, Parc An Ithan, The Lizard, Helston, Cornwall TR12 7PA	£2,145	72	2	Semi-Detached House
£227.5K	02/21	2.82 mi	3, Kynance Terrace, The Lizard, Helston, Cornwall TR12 7NH	£3,396	67	2	Terraced House
£210K	07/21	2.85 mi	2, Trenoweth Court, The Lizard, Helston, Cornwall TR12 7NJ	-	-	2	Terraced House

Local Rents

Not enough data

Local Area Statistics

Population in TR12	9,4829,482
Population in Helston	29,28929,289
Town centre distance	7.56 miles away7.56 miles away
Nearest school	0.90 miles away0.90 miles away
Nearest train station	10.85 miles away10.85 miles away

Rental growth (12m)	+12%+12%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+64%+64%

Property History

Listed for £170,000

October 16, 2024

Sold for £141,000

2018

Floor Plans

Description

2 Bedroom Home +
106 Local Buyer Restriction +
Private Parking +
Countryside Views +
Bathroom +
Ground Floor WC +
Semi-detached +
Partially Refurbished Needs Completing +
Air Source Heating +
EPC - D +

2 bedroom semi-detached chain free home. The property is subject to a 157 local buyer restriction. Buyers need to have lived or worked in Cornwall for 3 years. The property is need of modernisation to the kitchen and lounge area after works have stopped halfway updating the property. Call now to book your viewing .

Agent Details

Bradleys, Helston

01326 331638

Next Steps?

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