6 Bed Detached House, Refurb/BRRR, Camborne, TR14 9AH, £675,000

Carn Entral, Brea, Camborne - Detached six bedroom farmhouse with four acres, TR14 9AH - 3 views - 4 months ago

Refurb/BRRR
~186 m²
+9 photos

ValuationOvervalued

Sold Prices£145K - £510K
Sold Prices/m²£1.3K/m² - £3.3K/m²

 

 

Square Metres

~186 m²
Price/m²£3.6K/m²

Value Estimate

£422,329

 

 

End Value (After Refurb)

£474,688

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£168,750

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£81,233

Bridging Loan Interest

£17,719

Total Cash In

£312,151

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£474,688

Mortgage (After Refinance)

£356,016

Mortgage LTV

75%

Cash Left In

£312,151

Equity

£118,672

Rent Range

£700 - £1,495

Rent Estimate

£1,083

Running Costs/mo

£1,720

Cashflow/mo

£-637

Cashflow/yr

£-7,644

Gross Yield

2%

Local Sold Prices

29 sold prices from £145K to £510K, average is £295K. £1.3K/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£300K12/230.5 mi10, Foundry Road, Camborne, Cornwall TR14 7XB4
£295K10/200.58 mi29, Roskear, Camborne, Cornwall TR14 8DG4
£355K01/240.58 mi29, Roskear, Camborne, Cornwall TR14 8DG4
£295K11/220.58 mi74, Carnarthen Street, Camborne, Cornwall TR14 8UP4
£226K08/230.59 mi113, Roskear Road, Camborne, Cornwall TR14 8BY4
£285K04/230.61 mi15, Pendarves Street, Beacon, Camborne, Cornwall TR14 7SQ4
£280K12/220.63 mi8, Edward Street, Tuckingmill, Camborne, Cornwall TR14 8PA4
£233K12/200.63 mi6, Penhallick Road, Carn Brea, Redruth, Cornwall TR15 3YJ4
£510K11/220.63 mi21, Fore Street, Beacon, Camborne, Cornwall TR14 7SD4
£400K06/210.64 mi7, Penhallick Road, Carn Brea, Redruth, Cornwall TR15 3YJ4
£193K05/210.67 mi18, Roskear Road, Camborne, Cornwall TR14 8BT4
£342K06/230.67 mi15, Atlantic Terrace, Camborne, Cornwall TR14 7AW4
£270K04/210.67 miLurley, Penhallick, Carn Brea, Redruth, Cornwall TR15 3YR4
£360K02/230.67 mi3, Maynes Row, Tuckingmill, Camborne, Cornwall TR14 8QP4
£318K04/210.68 mi2, Hen Wythva Parc, Camborne, Cornwall TR14 7TB4
£290K09/230.7 mi6, Penlu, Tuckingmill, Camborne, Cornwall TR14 8NL4
£210K12/220.71 mi1b, Penlu, Tuckingmill, Camborne, Cornwall TR14 8NL4
£190K05/230.71 mi14, Centenary Street, Camborne, Cornwall TR14 8HR4
£365K11/210.72 mi20, Newton Road, Troon, Camborne, Cornwall TR14 7SJ4
£280K12/200.73 mi59, Mount Pleasure, Camborne, Cornwall TR14 7RR4
£287.5K11/230.81 mi7, North Parade, Camborne, Cornwall TR14 8BJ4
£425K11/220.89 mi45, Mount Pleasant Close, Camborne, Cornwall TR14 7RZ4
£475K09/230.89 mi55, Mount Pleasant Close, Camborne, Cornwall TR14 7RZ4
£330K03/240.9 mi6, Victoria Street, Camborne, Cornwall TR14 8HD4
£145K03/210.92 mi24, Basset Street, Camborne, Cornwall TR14 8SP4
£310.3K11/210.95 mi57, Mount Pleasant Road, Camborne, Cornwall TR14 7RJ4
£185K12/200.95 mi9, Tehidy Road, Camborne, Cornwall TR14 8TA4
£330K12/220.95 mi56, Mount Pleasant Road, Camborne, Cornwall TR14 7RJ4
£307K09/230.96 mi14, South Terrace, Camborne, Cornwall TR14 8ST4

Local Rents

18 rents from £700/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95009/240.24 miLower Pengegon, Camborne. TR14 7UH3
£1,15011/240.28 mi-3
£90003/250.34 mi-3
£1,10003/230.41 mi-3
£1,10009/240.73 miRosevean Avenue, Camborne. TR14 8UG3
£1,10002/250.75 mi-3
£90005/230.75 mi-3
£70003/230.76 mi-3
£1,00003/240.76 mi-3
£1,10002/250.76 mi-3
£1,00009/240.78 mi-3
£1,20009/240.8 mi-3
£1,00010/240.89 mi-3
£1,10009/230.94 mi-3
£1,10002/250.94 mi-3
£1,49503/250.95 mi-4
£1,35009/240.98 miHidderley Park, Camborne3
£1,35002/250.99 mi-3

Local Area Statistics

Population in TR14

24,578

Town centre distance

0.91 miles away

Nearest school

0.50 miles away

Nearest train station

0.89 miles away

 

 

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+43%

Property History

Listed for £675,000

December 19, 2024

Floor Plans

Description

  • Detached farmhouse with annexe +
  • Six bedrooms in total +
  • Extensively updated and modernised +
  • Elevated position enjoying rural and coastal views +
  • Large kitchen dining room with Rayburn +
  • Solar panels with battery storage +
  • Underfloor heating to ground floor and radiators +
  • Approaching four acres of land in pasture +
  • Former barn with pp to convert to residential use +
  • Extensive parking +

This substantial detached farmhouse which is an elevated position has four acres of land divided into paddocks and enjoys superb far reaching coastal views across the conurbation of Camborne and Redruth towards the north coast which extends from St Ives Bay along towards St Agnes Beacon.

Carn Entral Farm in recent years has been the subject of extensive updating and modernisation to the original property which is believed to date from the early 1800’s, the main house benefits from a generous reception hall which gives access to the lounge, kitchen/diner with a Rayburn and a shower room.

On the first floor there are five bedrooms and a family bathroom.  Attached to the house is a one bedroom annexe which is ideal for a teenager or house guest.

As part of the modernisation program solar panels have been installed feeding into two 15 Kilowatt battery storage packs and there is underfloor heating to a large part of the ground floor with the remainder of the house being heated by radiators fed from the Rayburn.  The annexe is heated via a LPG gas combination boiler.

The property has approaching four acres of land divided into four paddocks and laid mainly to pasture and there is ample parking for six plus vehicles.

Set away from the main house is a part converted granite walled barn which has planning consent for conversion into a dwelling for all year round use and as a material start has been made, this planning consent remains ‘live’.

In summary, this is an exciting property ideal for the larger family and offers scope for further enhancement.

Viewing our interactive virtual tour is strongly recommended prior to arranging a closer inspection.

Whilst the property is located well away from passing traffic, it is within easy reach of shops, banks and pubs/restaurants which will be found in Camborne, some one and a half miles distant.  Camborne also has a mainline Railway Station with direct links to London Paddington and the north of England and there is convenient access onto the A30 trunk road.

Carn Entral Farm is accessed by its own private access via a steep driveway (there is also a shared gated farm track).

Agent Details

MAP Estate Agents, Barncoose

01209 707695

Next Steps?

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