2 Bed Bungalow, Refurb/BRRR, Helston, TR13 8LD, £240,000

5 WEST CLOSE, HELSTON, CORNWALL, TR13 8LD - 6 views - 4 months ago

Sold STC
Cash
Refurb/BRRR
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£126.8K - £353.5K
Sold Prices/m²£1.8K/m² - £5.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£205,365

 

 

End Value (After Refurb)

£238,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£29,873

Bridging Loan Interest

£6,300

Total Cash In

£106,323

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£238,000

Mortgage (After Refinance)

£178,500

Mortgage LTV

75%

Cash Left In

£106,323

Equity

£59,500

Rent Range

£875 - £975

Rent Estimate

£928

Running Costs/mo

£949

Cashflow/mo

£-21

Cashflow/yr

£-256

Gross Yield

5%

Local Sold Prices

52 sold prices from £126.8K to £353.5K, average is £212.5K. £1.8K/m² to £5.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£192K03/230.03 miWoodstock, 2, Canons Place, Helston, Cornwall TR13 8LS2
£285K09/230.05 mi5, Gwealdues, Helston, Cornwall TR13 8LA2
£240K01/210.11 mi2, Trenethick Close, Helston, Cornwall TR13 8LQ2
£210K11/200.16 mi25, Barton Close, Helston, Cornwall TR13 8LL2
£216.5K02/230.25 mi76, Manor Way, Helston, Cornwall TR13 8LZ2
£280K11/230.28 mi20, Trenethick Avenue, Helston, Cornwall TR13 8LU2
£182K11/200.33 mi34, Tremenheere Avenue, Helston, Cornwall TR13 8SY2
£247K02/230.33 mi38, Tremenheere Avenue, Helston, Cornwall TR13 8SY2
£235K12/220.33 mi34, Tremenheere Avenue, Helston, Cornwall TR13 8SY2
£235K01/240.33 mi32, Tremenheere Avenue, Helston, Cornwall TR13 8SY2
£200K04/210.34 mi34, Godolphin Road, Helston, Cornwall TR13 8QD2
£203K01/230.35 mi11, Chytroose Close, Helston, Cornwall TR13 8UY2
£210K04/230.35 mi7, Chytroose Close, Helston, Cornwall TR13 8UY2
£225K11/230.35 mi20, Hawkins Way, Helston, Cornwall TR13 8FQ2
£225K11/230.35 mi20, Hawkins Way, Helston, Cornwall TR13 8FQ2
£215K03/240.35 mi17, Hawkins Way, Helston, Cornwall TR13 8FQ2
£256K10/220.35 mi8, Chytroose Close, Helston, Cornwall TR13 8UY2
£250K08/230.37 mi26, Parc Holland, Helston, Cornwall TR13 8GR2
£136.5K01/210.38 mi26, Plover Avenue, Helston, Cornwall TR13 8FW2
£270K09/230.38 miHazeldene, Sanctuary Lane, Helston, Cornwall TR13 8UG2
£200K03/210.38 mi25, Roskruge Close, Helston, Cornwall TR13 8GL2
£250K08/210.42 mi15, Pendeen Park, Helston, Cornwall TR13 0DL2
£295K03/230.42 mi2, Pendeen Park, Helston, Cornwall TR13 0DL2
£250K06/230.42 mi35, Seneschall Park, Helston, Cornwall TR13 8GA2
£245K09/230.43 mi10, Forth Gwedhen, Helston, Cornwall TR13 8FL2
£353.5K10/220.43 mi18, Forth Gwedhen, Helston, Cornwall TR13 8FL2
£165K06/210.44 mi15, Kellaway Park, Helston, Cornwall TR13 8QU2
£126.8K11/210.47 mi12, Tregarrick View, Helston, Cornwall TR13 8GU2
£157.5K12/220.48 mi55, Hellis Wartha, Helston, Cornwall TR13 8WE2
£235K04/230.48 mi11, Penrose Road, Helston, Cornwall TR13 8TP2
£245K11/230.48 mi6, Penrose Road, Helston, Cornwall TR13 8TP2
£245K11/230.48 mi6, Penrose Road, Helston, Cornwall TR13 8TP2
£189.5K05/210.49 mi3a, Church Hill, Helston, Cornwall TR13 8NN2
£240K08/230.49 mi3a, Church Hill, Helston, Cornwall TR13 8NN2
£161.3K11/200.51 mi23, Hellis Wartha, Helston, Cornwall TR13 8WE2
£140.6K01/210.51 mi74, Hellis Wartha, Helston, Cornwall TR13 8WE2
£142.5K02/210.51 mi22, Hellis Wartha, Helston, Cornwall TR13 8WE2
£172.5K09/220.51 mi75, Hellis Wartha, Helston, Cornwall TR13 8WE2
£159.9K05/210.52 mi43b, Wendron Street, Helston, Cornwall TR13 8PT2
£190K10/200.52 mi19, Parc An Dower, Helston, Cornwall TR13 8AQ2
£215K02/240.52 mi4, Parc An Dower, Helston, Cornwall TR13 8AQ2
£150K01/210.53 mi12, Trengrouse Way, Helston, Cornwall TR13 8AF2
£172K05/210.53 mi32, Trevenen Road, Helston, Cornwall TR13 8AH2
£305K09/220.55 mi4, Gwealhellis Warren, Helston, Cornwall TR13 8PQ2
£183K03/210.55 mi29, Nanscober Place, Helston, Cornwall TR13 0SP2
£160K12/210.55 mi20, Nanscober Place, Helston, Cornwall TR13 0SP2
£198K07/230.55 mi31, Nanscober Place, Helston, Cornwall TR13 0SP2
£215K11/230.55 mi40, Nanscober Place, Helston, Cornwall TR13 0SP2
£230K12/230.55 mi28, Nanscober Place, Helston, Cornwall TR13 0SP2
£175K10/230.56 mi30, Church Street, Helston, Cornwall TR13 8TQ2
£158.5K11/200.65 mi77, Trelawney Road, Helston, Cornwall TR13 8AT2
£163K02/210.65 mi95, Trelawney Road, Helston, Cornwall TR13 8AT2

Local Rents

10 rents from £875/mo to £975/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£90009/240.38 miPlover Avenue, Helston, Cornwall2
£97504/250.43 mi-2
£95012/240.43 mi-2
£95001/250.43 mi-2
£95009/240.43 miSeneschall Park, Helston, TR132
£95009/240.43 miForth Gwedhen, Heslton2
£87509/240.49 miGweal Wartha, Helston2
£90009/240.51 miHellis Wartha, Helston, TR132
£92509/240.53 miOrchard Close, Helston, Cornwall, TR132
£92509/240.56 miChurch Street, Helston, Cornwall2

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

0.70 miles away

Nearest school

0.30 miles away

Nearest train station

7.22 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £240,000

November 30, 2024

Description

  • POPULAR RESIDENTIAL AREA +
  • FRONT & REAR GARDENS +
  • GARAGE +
  • IN NEED OF SOME MODERNISATION +

The property benefits from a relatively level plot, mains gas central heating and double glazing.

The accommodation in brief comprises an entrance hallway, lounge, conservatory leading out onto the rear garden, fitted kitchen, bathroom, two double bedrooms and there is also a rear porch. To the front there is parking for several vehicles leading to the attached garage. A generous garden runs to the front and there is an enclosed garden at the rear.

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 can also be found in the nearby town of Penryn which is some twelve miles distant. At the bottom of the close one can hail a bus which travels the circular town service route.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)
Glazed door and side panel leading into the

ENTRANCE PORCH
Glazed door into

ENTRANCE HALL
With loft hatch to the roof space and door leading on to the

LOUNGE 3.89 X 3.7 (12'9" X 12'1")
A fireplace sits on a tiled hearth and surround (not tested) serving hatch back to the kitchen and and glazed door and glazed side panel into the

CONSERVATORY 4.2 X 1.9 (13'9" X 6'2" )
A triple aspect room with views over the garden, service door back to the garage and sliding glazed door to the side aspect and garden.

KITCHEN 3.88 X 2.25 (12'8" X 7'4")
Comprising a fitted kitchen with one and a half bowl stainless steel sink drainer with base and drawer units under and wall units over. Spaces are provided for washing machine, fridge/freezer and cooker, there are windows to the rear and side aspects. Cupboard housing the immersion heater and Bosch Worcester gas boiler.

BEDROOM ONE 3.88 X 2.91 (12'8" X 9'6")
With a window to the front aspect.

BEDROOM TWO 3.25 X 2.88 (10'7" X 9'5")
With a window to the front aspect.

BATHROOM 2.29 X 1.65 (7'6" X 5'4")
Comprising suite with panel bath with electric shower over (not tested) pedestal wash hand basin, WC, heated towel rail and window to the side aspect.

OUTSIDE
To the front of the property there is a driveway with parking for several vehicles that leads to the

GARAGE 5.49 X 2.65 (18'0" X 8'8")
With an up and over door and power and light connected. Service doors back to both the conservatory and rear garden.

GARDENS
To the front of the property there is a generous garden mainly laid to lawn with shrubs and trees at its border and is enclosed by block built walls. There is pedestrian access down the side of the property to the rear garden which is nicely enclosed by hedging and fencing.

SERVICES
Mains gas, electricity, water and drainage.

MOBILE & BROADBAND
To check the mobile and broadband coverage for this property please see attached brochure.

COUNCIL TAX BAND
Band C

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.

Agent Details

Christophers, Helston

01326 331637

Next Steps?

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