3 Bed Bungalow, Cash/Bridging Only, Helston, TR13 8LL, £340,000

15 BARTON CLOSE, HELSTON, TR13 8LL - 2 views - 4 months ago

Leasehold
Cash
81 m²
+3 photos

ValuationOvervalued

Sold Prices£186.5K - £405K
Sold Prices/m²£2.1K/m² - £4.3K/m²

 

 

Square Metres

81 m²
Price/m²£4.2K/m²

Value Estimate

£249,022

 

 

End Value (After Refurb)

£327,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£15,900

Refurb Costs

£35,526

Bridging Loan Interest

£8,925

Total Cash In

£147,101

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£327,000

Mortgage (After Refinance)

£245,250

Mortgage LTV

75%

Cash Left In

£147,101

Equity

£81,750

Rent Range

£650 - £2,700

Rent Estimate

£1,306

Running Costs/mo

£1,303

Cashflow/mo

£3

Cashflow/yr

£35

ROI

0%

Gross Yield

5%

Local Sold Prices

51 sold prices from £186.5K to £405K, average is £249.9K. £2.1K/m² to £4.3K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£369.6K02/230 mi20, Barton Close, Helston, Cornwall TR13 8LL3
£337K03/210.06 mi12, East Close, Helston, Cornwall TR13 8LG3
£235K11/200.1 mi26, Roskilling Wartha, Helston, Cornwall TR13 8LY3
£195K10/200.12 mi4, Trenethick Parc, Helston, Cornwall TR13 8LH3
£245K05/240.12 mi15, Trenethick Parc, Helston, Cornwall TR13 8LH3
£186.5K03/210.12 mi5, Manor Close, Helston, Cornwall TR13 8LX3
£198.5K12/200.12 mi19, Manor Close, Helston, Cornwall TR13 8LX3
£187.5K01/210.12 mi14, Manor Close, Helston, Cornwall TR13 8LX3
£249.9K02/230.12 mi9, Manor Close, Helston, Cornwall TR13 8LX3
£239K10/200.14 mi10, Roskilling, Helston, Cornwall TR13 8JY3
£220K02/210.18 mi7, West Close, Helston, Cornwall TR13 8LD3
£250K03/210.19 mi3, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£260K10/210.19 mi47, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£355K11/220.19 mi1, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£405K06/230.19 mi22, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£255K11/210.19 mi4, Tremenheere Avenue, Helston, Cornwall TR13 8SY3
£230K08/210.2 mi75, Trenethick Parc, Helston, Cornwall TR13 8LT3
£282.5K02/240.23 mi18, Parc Holland, Helston, Cornwall TR13 8GR3
£220K04/210.24 mi116, Tremenheere Avenue, Helston, Cornwall TR13 8TR3
£275K03/230.24 mi18, Turnpike, Helston, Cornwall TR13 8LR3
£245K05/210.27 mi16, Roskruge Close, Helston, Cornwall TR13 8GL3
£243.8K12/200.28 mi3, Forth Gwedhen, Helston, Cornwall TR13 8FL3
£229K04/210.31 mi2, Manaton Close, Helston, Cornwall TR13 8GB3
£230K11/220.31 mi17, Manaton Close, Helston, Cornwall TR13 8GB3
£300K03/230.31 mi21, Manaton Close, Helston, Cornwall TR13 8GB3
£270K12/230.31 mi18, Manaton Close, Helston, Cornwall TR13 8GB3
£225K11/230.32 mi34, Cunnack Close, Helston, Cornwall TR13 8XQ3
£372K03/210.33 mi11, Century Close, Helston, Cornwall TR13 8FE3
£212K04/210.33 mi15, Seneschall Park, Helston, Cornwall TR13 8GA3
£225K03/210.33 mi62, Godolphin Road, Helston, Cornwall TR13 8QJ3
£232.5K04/210.4 miPippins, Sanctuary Lane, Helston, Cornwall TR13 8UL3
£340K02/210.4 miWrafton, Hillcrest, Helston, Cornwall TR13 8UW3
£329.9K10/210.45 mi112, Pendeen Park, Helston, Cornwall TR13 0SL3
£295K01/230.45 mi174, Pendeen Park, Helston, Cornwall TR13 0SL3
£355K08/230.46 mi18, Belmont Road, Helston, Cornwall TR13 8UA3
£199.5K10/200.47 mi36, Carey Park, Helston, Cornwall TR13 0DH3
£195K12/220.49 mi4, Broad Walk, Helston, Cornwall TR13 0DJ3
£310K07/230.49 mi1, Higher Well Lane, Helston, Cornwall TR13 8QT3
£394.7K08/230.5 mi42, Tenderah Road, Helston, Cornwall TR13 8NT3
£230K11/200.5 mi55, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£194K01/210.5 mi25, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£298K09/230.5 mi57, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£280K10/230.5 mi27, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£280K12/230.5 mi29, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£280K12/230.5 mi29, Gwarth An Drae, Helston, Cornwall TR13 0BS3
£212.5K04/210.5 mi28, Godolphin Road, Helston, Cornwall TR13 8QD3
£265K03/210.52 mi113, Hellis Wartha, Helston, Cornwall TR13 8WF3
£250K05/210.52 mi93, Hellis Wartha, Helston, Cornwall TR13 8WF3
£250K09/230.52 mi104, Hellis Wartha, Helston, Cornwall TR13 8WF3
£225K06/230.53 mi21, Oates Road, Helston, Cornwall TR13 8AW3
£215K06/210.53 mi21, Trenance Close, Helston, Cornwall TR13 8UX3

Local Rents

38 rents from £650/mo to £2.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35009/240.16 miFalmouth Road, Helston3
£1,80009/240.17 miFalmouth Road, Helston5
£1,45009/240.17 miFalmouth Road, Helston3
£1,45009/240.17 miFalmouth Road, Helston3
£1,80009/240.18 miFalmouth Road, Helston5
£1,40009/240.19 miTrenithick Avenue, Helston, TR135
£1,80009/240.19 miFalmouth Road, Helston5
£1,35009/240.22 miFalmouth Road, Helston3
£1,35009/240.22 miFalmouth Road, Helston3
£95009/240.28 miForth Gwedhen, Heslton2
£75009/240.3 miCrosswalla Fields, Helston1
£97504/250.33 mi-2
£95012/240.33 mi-2
£95001/250.33 mi-2
£95009/240.33 miSeneschall Park, Helston, TR132
£90009/240.4 miPlover Avenue, Helston, Cornwall2
£80003/250.43 mi-1
£1,17509/240.47 mi-3
£1,20003/250.47 mi-3
£87509/240.54 miGweal Wartha, Helston2
£1,20010/240.54 mi-3
£90009/240.58 miHellis Wartha, Helston, TR132
£75009/240.61 mi-1
£1,30003/250.61 mi-3
£92509/240.65 miOrchard Close, Helston, Cornwall, TR132
£92509/240.72 miChurch Street, Helston, Cornwall2
£1,60002/240.72 mi-4
£92509/240.81 miFive Wells Lane, Helston, Cornwall2
£75005/240.88 mi-1
£65007/240.91 mi-1
£2,00002/241.41 mi-4
£1,60001/251.41 mi-4
£1,99509/241.55 miWendron, Helston5
£2,25009/242.26 mi-3
£2,70010/242.26 mi-3
£1,60009/242.28 mi-2
£1,40001/252.46 mi-1
£1,30002/252.46 mi-1

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

0.84 miles away

Nearest school

0.50 miles away

Nearest train station

7.13 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £340,000

December 13, 2024

Sold for £88,500

2000

Floor Plans

Description

  • THREE BEDROOM DETACHED BUNGALOW +
  • DRIVEWAY AND GARAGE +
  • GARDENS TO THE FRONT AND REAR +
  • WELL REGARDED ESTATE IN HELSTON +
  • CLOSE TO SUPERMARKETS AND TOWN CENTRE +
  • ON BUS ROUTE +
  • COUNCIL TAX BAND D +
  • FREEHOLD +
  • EPC - 49 E +

Situated in the well regarded residential cul-de-sac of Barton Close is this three bedroom detached bungalow. The well proportioned residence, which benefits from double glazing, offers great potential and has good sized gardens to the front and rear. A driveway provides parking for a number of vehicles and leads to a garage.

In brief, the accommodation comprises an entrance area, hall, lounge/diner, kitchen, shower room and three bedrooms. 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)
Door to;

ENTRANCE AREA
With door to;

ENTRANCE HALLWAY
Doors to all rooms, built in cupboards, one housing a water tank with immersion heater and access to the loft and door to the outside.

LOUNGE/DINER 4.72M X 3.66M (15'6 X 12)
With outlook to the front.

KITCHEN 4.72M X 2.51M (15'6 X 8'3)
Having working top surfaces incorporating a sink unit with drainer and mixer tap over, cupboards and drawers under and wall cupboards over. There is space for a fridge/freezer, washing machine and oven.

SHOWER ROOM
Comprising a walk in shower cubicle, close coupled WC and a pedestal wash hand basin. There is a towel rail, partially tiled walls and a frosted window to the side.

BEDROOM ONE 4.04M X 3.28M (13'3 X 10'9)
With outlook to the rear garden and having a built in wardrobe.

BEDROOM TWO 3.73M X 2.90M (12'3 X 9'6)
With outlook to the rear garden.

BEDROOM THREE 3.28M X 2.29M (10'9 X 7'6)
With outlook to the side and having a built in wardrobe.

OUTSIDE
To the front and rear of the property there are good sized gardens which are mainly laid to lawn and well established with plants and shrubs. The rear garden has a useful shed and to the front a driveway provides parking for a number of vehicles and leads to a garage.

GARAGE
With up and over door and garage houses the solar panel controls.

AGENTS NOTE
We are advised that there are solar panels at the property which are leasehold.

SERVICES
Mains electricity, water and drainage

IMPORTANT AGENTS NOTES: Christophers Estate Agents for themselves and the vendors or lessors of this property confirm that these particulars are set out as a general guide only and do not form part of any offer or contract. Fixtures, fittings, appliances and services have not been tested by ourselves and no person in the employment of Christophers Estate Agents has any authority to give or make representation or warranty whatsoever in relation to the property. All descriptions, dimensions distances and orientation are approximate; they are not suitable for purposes that require precise measurement. Nothing in these particulars shall be taken as
implying that any necessary building regulations, planning or other consents have been obtained. The photographs show only certain parts and aspects of the property which may have changed since they were taken. It should not be assumed that the property remains exactly the same. Intending purchasers should satisfy themselves by personal inspection or otherwise to the correctness of each of the statements, which are given in good faith but not to be relied upon as statements of fact. If double glazing is mentioned in these details purchasers must satisfy themselves as to the amount of double glazed units in the property.

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.

MOBILE AND BROADBAND
For information on mobile and broadband coverage see attached property details.

COUNCIL TAX
Council Tax Band D

Agent Details

Christophers, Helston

01326 331637

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