3 Bed Terraced House, Cash/Bridging Only, Helston, TR13 8ED, £254,000

26 PASMORE ROAD, HELSTON, TR13 8ED - 3 views - 4 months ago

Cash
ROI: 2%
74 m²
+16 photos

ValuationOvervalued

Sold Prices£160K - £405K
Sold Prices/m²£2.1K/m² - £5.8K/m²

 

 

Square Metres

74 m²
Price/m²£3.4K/m²

Value Estimate

£222,415

 

 

End Value (After Refurb)

£257,500

Uplift in Value

+-5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£63,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£32,456

Bridging Loan Interest

£6,668

Total Cash In

£114,674

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£257,500

Mortgage (After Refinance)

£193,125

Mortgage LTV

75%

Cash Released

£2,625

Cash Left In

£112,049

Equity

£64,375

Rent Range

£650 - £2,100

Rent Estimate

£1,241

Running Costs/mo

£1,073

Cashflow/mo

£168

Cashflow/yr

£2,017

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £160K to £405K, average is £247.4K. £2.1K/m² to £5.8K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£250K09/230.12 mi104, Hellis Wartha, Helston, Cornwall TR13 8WF3
£250K05/210.12 mi93, Hellis Wartha, Helston, Cornwall TR13 8WF3
£265K03/210.12 mi113, Hellis Wartha, Helston, Cornwall TR13 8WF3
£230K03/210.17 mi28, Hellis Wartha, Helston, Cornwall TR13 8WE3
£232.5K04/210.32 miPippins, Sanctuary Lane, Helston, Cornwall TR13 8UL3
£239K10/200.33 mi10, Roskilling, Helston, Cornwall TR13 8JY3
£235K11/200.33 mi26, Roskilling Wartha, Helston, Cornwall TR13 8LY3
£225K06/230.34 mi21, Oates Road, Helston, Cornwall TR13 8AW3
£225K03/210.35 mi62, Godolphin Road, Helston, Cornwall TR13 8QJ3
£337K03/210.36 mi12, East Close, Helston, Cornwall TR13 8LG3
£220K02/210.39 mi7, West Close, Helston, Cornwall TR13 8LD3
£275K03/230.4 mi18, Turnpike, Helston, Cornwall TR13 8LR3
£369.6K02/230.42 mi20, Barton Close, Helston, Cornwall TR13 8LL3
£212.5K04/210.43 mi28, Godolphin Road, Helston, Cornwall TR13 8QD3
£310K07/230.45 mi1, Higher Well Lane, Helston, Cornwall TR13 8QT3
£225K11/230.46 mi34, Cunnack Close, Helston, Cornwall TR13 8XQ3
£270K06/210.51 mi1, Kroon Stadt Villas, Helston, Cornwall TR13 8QR3
£289K02/230.51 mi2, Kroon Stadt Villas, Helston, Cornwall TR13 8QR3
£195K10/200.51 mi4, Trenethick Parc, Helston, Cornwall TR13 8LH3
£245K05/240.51 mi15, Trenethick Parc, Helston, Cornwall TR13 8LH3
£249.9K02/230.52 mi9, Manor Close, Helston, Cornwall TR13 8LX3
£186.5K03/210.52 mi5, Manor Close, Helston, Cornwall TR13 8LX3
£187.5K01/210.52 mi14, Manor Close, Helston, Cornwall TR13 8LX3
£198.5K12/200.52 mi19, Manor Close, Helston, Cornwall TR13 8LX3
£333K11/210.53 mi9, Cades Parc, Helston, Cornwall TR13 8QS3
£400K11/220.53 mi10, Cades Parc, Helston, Cornwall TR13 8QS3
£362.5K07/210.53 mi39, Cades Parc, Helston, Cornwall TR13 8QS3
£325K11/200.53 mi19, Cades Parc, Helston, Cornwall TR13 8QS3
£340K02/210.53 miWrafton, Hillcrest, Helston, Cornwall TR13 8UW3
£195K11/210.53 mi93, Trelawney Road, Helston, Cornwall TR13 8AT3
£394.7K08/230.54 mi42, Tenderah Road, Helston, Cornwall TR13 8NT3
£255K05/240.54 mi7, Parc An Dower, Helston, Cornwall TR13 8AQ3
£240K11/230.54 mi22, Parc An Dower, Helston, Cornwall TR13 8AQ3
£270K02/230.56 mi18, Penrose Road, Helston, Cornwall TR13 8TP3
£179.9K03/210.56 mi15, Penrose Road, Helston, Cornwall TR13 8TP3
£160K12/230.57 mi19, Wendron Street, Helston, Cornwall TR13 8PT3
£240K12/220.57 mi29, Wendron Street, Helston, Cornwall TR13 8PT3
£230K10/200.59 mi37, Trenethick Parc, Helston, Cornwall TR13 8LT3
£255K11/210.6 mi4, Tremenheere Avenue, Helston, Cornwall TR13 8SY3
£405K06/230.61 mi22, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£250K03/210.61 mi3, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£260K10/210.61 mi47, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£355K11/220.61 mi1, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£230K08/210.61 mi75, Trenethick Parc, Helston, Cornwall TR13 8LT3
£195K10/200.63 mi123, Meneage Street, Helston, Cornwall TR13 8RL3
£282.5K02/240.64 mi18, Parc Holland, Helston, Cornwall TR13 8GR3
£345K05/230.64 mi11, Church Street, Helston, Cornwall TR13 8TA3
£220K04/210.65 mi116, Tremenheere Avenue, Helston, Cornwall TR13 8TR3
£170K12/200.66 mi15b, Church Street, Helston, Cornwall TR13 8TD3
£243.8K12/200.67 mi3, Forth Gwedhen, Helston, Cornwall TR13 8FL3

Local Rents

37 rents from £650/mo to £2.1K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£90009/240.05 miPlover Avenue, Helston, Cornwall2
£90009/240.17 miHellis Wartha, Helston, TR132
£1,80009/240.28 miFalmouth Road, Helston5
£1,80009/240.28 miFalmouth Road, Helston5
£1,45009/240.28 miFalmouth Road, Helston3
£1,80009/240.28 miFalmouth Road, Helston5
£1,45009/240.28 miFalmouth Road, Helston3
£1,35009/240.29 miFalmouth Road, Helston3
£1,35009/240.29 miFalmouth Road, Helston3
£1,35009/240.3 miFalmouth Road, Helston3
£75009/240.37 miCrosswalla Fields, Helston1
£75009/240.48 mi-1
£1,20010/240.49 mi-3
£1,40009/240.61 miTrenithick Avenue, Helston, TR135
£92509/240.66 miChurch Street, Helston, Cornwall2
£95009/240.67 miForth Gwedhen, Heslton2
£1,17509/240.71 mi-3
£1,20002/250.71 mi-3
£92509/240.72 miFive Wells Lane, Helston, Cornwall2
£97508/240.75 mi-2
£95012/240.75 mi-2
£95001/250.75 mi-2
£95009/240.75 miSeneschall Park, Helston, TR132
£1,60002/240.79 mi-4
£1,30002/250.79 mi-3
£80003/250.79 mi-1
£75005/240.84 mi-1
£92509/240.85 miOrchard Close, Helston, Cornwall, TR132
£65006/240.85 mi-1
£87509/240.86 miGweal Wartha, Helston2
£2,00002/241.58 mi-4
£1,60012/241.58 mi-4
£1,99509/241.89 miWendron, Helston5
£1,00002/252.31 mi-1
£2,10010/242.31 mi-4
£1,50012/242.32 mi-3
£95003/252.39 mi-3

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

0.58 miles away

Nearest school

0.40 miles away

Nearest train station

7.54 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Price changed to £254,000

March 4, 2025

Price changed to £264,500

December 24, 2024

Listed for £270,000

November 18, 2024

Floor Plans

Description

  • THREE BEDROOM PROPERTY +
  • MASTER EN-SUITE +
  • KITCHEN/BREAKFAST ROOM +
  • LOUNGE/DINING ROOM +
  • ENCLOSED GARDENS TO REAR +
  • TWO ALLOCATED OFF ROAD PARKING SPACES +
  • FREEHOLD +
  • COUNCIL TAX BAND B +
  • EPC C 79 +

Designed for family living this three-bedroom home is situated in a popular and much sought-after residential area. Enter and find yourself in a welcoming entrance hall with a convenient cloakroom. There is a practical kitchen/breakfast room, which comes equipped with integrated appliances, perfect for family meals and casual dining. The generous dual-aspect lounge/diner is a great room for families offering plenty of room for relaxation and entertaining, with double doors leading directly out to the rear garden.

Upstairs, a galleried landing provides access to three comfortable bedrooms and the family bathroom. The master bedroom benefits from an en-suite shower room, as well as generous built in storage offering added privacy and convenience. Outside, the rear garden is a good size, mainly laid to lawn, providing a safe and secure space for children and pets to play. Two allocated off-road parking spaces complete the property, ensuring practical and convenient parking.
This home is being sold to close an estate with vacant possession and is an excellent choice for those seeking a well-located family home with all the key features for modern living.

The town of Helston is the gateway to the Lizard Peninsula with its stunning feature coves and cliff top walks. It is a bustling market town providing facilities that include national stores, health centres, cinema and a leisure centre with indoor swimming pool. There are a number of well regarded primary schools, a secondary school and a university campus that can be found in the nearby town of Falmouth which is some twelve miles distant.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX

Obscured double glazed door to:

ENTRANCE HALLWAY
With turning staircase rising to the first floor, radiator and doors to various rooms.

CLOAKROOM 2.41M X 0.97M (7'11 X 3'2)
With w.c., pedestal wash hand basin with tiled splashback and wall mounted mirror. Obscured double glazed window to front.

KITCHEN/BREAKFAST ROOM 3.25M X 2.64M (10'8 X 8'8)
With vinyl flooring, fitted with a contemporary range of base and wall units including drawers with work surfaces over and one and a half bowl sink and drainer with mixer tap. Fitted electric oven and gas hob with filter hood and light over, integrated fridge/freezer and integrated washer/drier. Ideal Logic Combi 35 gas combi boiler. Radiator and double glazed window to rear overlooking the garden.

LOUNGE/DINING ROOM 4.24M MAX REDUCING TO 2.03M MIN X 4.88M MAX RED TO (13'11 MAX REDUCING TO 6'8 MIN X 16' MAX RED TO 12')
A lovely spacious dual aspect room with fitted carpet, double glazed window to front and double glazed double doors to rear garden. Focal point contemporary wall mounted pebble effect electric fire with remote control and useful understairs storage cupboard.

FIRST FLOOR LANDING

A galleried style landing with fitted carpet, double glazed window to front, useful cupboard and doors to various rooms.

MASTER BEDROOM 3.02M X 2.79M (9'11 X 9'2)
With fitted carpet, double glazed window to rear overlooking the garden, radiator and built in wardrobe with mirrored sliding doors offering a good range of storage. Door to:

EN-SUITE SHOWER ROOM 2.11M (MAX INTO DEPTH OF SHOWER CUBICLE) X 1.37M (6'11 (MAX INTO DEPTH OF SHOWER CUBICLE) X 4'6)
With vinyl flooring, tiled cubicle with concertina door housing Mira Jump electric shower, w.c., pedestal wash hand basin and chrome effect ladder style radiator. Obscured double glazed window to front.

BEDROOM TWO 3.02M X 2.82M (9'11 X 9'3)
With fitted carpet, double glazed window to rear and radiator.

BEDROOM THREE 2.03M X 2.03M (6'8 X 6'8)
With fitted carpet, radiator and window to front offering a rural outlook across surrounding property.

FAMILY BATHROOM 2.11M X 1.98M (6'11 X 6'6)
With suite comprising of a bath with tiled surround an mixer tap with wall mounted shower attachment. W.C., pedestal wash hand basin, chrome effect ladder style radiator and obscured double glazed window to front. Shaver point and mirror.

OUTSIDE
To the front of the property is a token lawned area and path and steps leading to the front door. The main gardens lie to the rear of the property and are primarily laid to lawn with a useful timber shed. The gardens are fully enclosed offering a safe area for children and pets. A pedestrian access gate leads to the adjacent parking area where there are two allocated parking spaces.

MOBILE AND BROADBAND COVERAGE
For information on mobile and broadband coverage, please see 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 fund

Agent Details

Christophers, Helston

01326 331637

Next Steps?

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