5 Bed Detached House, Planning Permission, Helston, TR12 7DN, £775,000

Mullion, Helston, TR12 7DN - 6 views - 4 months ago

Under Offer
Planning
~178 m²
+17 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£193,750

Stamp Duty & Legal Fees

£50,700

Refurb Costs

£77,792

Bridging Loan Interest

£20,344

Total Cash In

£344,336

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£559,304

Mortgage (After Refinance)

£419,478

Mortgage LTV

75%

Cash Left In

£344,336

Equity

£139,826

Rent Range

£550 - £1,800

Rent Estimate

£1,111

Running Costs/mo

£1,990

Cashflow/mo

£-879

Cashflow/yr

£-10,548

Gross Yield

2%













Local Rents

12 rents from £550/mo to £1.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20002/250.26 mi-2
£70009/240.27 miTreveglos Court, Lender Lane, Mullion, Helston1
£82509/240.45 mi-2
£89004/250.45 mi-2
£1,80009/240.59 mi-4
£1,45001/250.94 mi-3
£1,40009/240.94 mi-3
£1,10009/241.55 mi-1
£90009/242.16 miCury, Helston2
£1,15001/252.19 mi-2
£55009/242.19 mi-1
£1,15012/242.19 mi-2

Local Area Statistics

Population in TR12

9,482

Population in Helston

29,289

Town centre distance

5.17 miles away

Nearest school

0.10 miles away

Nearest train station

10.96 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+64%

Property History

Listed for £775,000

January 9, 2025

Floor Plans

Description

  • Architect-remodelled detached house +
  • Modern and attractive +
  • Cavity block double garage (insulated, with power and plumbing), offering potential for conversion, subject to planning permission. +
  • Five bedrooms and four bath/shower rooms +
  • Expansive far-reaching views +
  • 'Turn key' condition +
  • 2212 SQ.FT of versatile accommodation excluding garage +
  • Close to Mullion Secondary School +

Within an Area of Outstanding Natural Beauty (AONB), this exceptional five-bedroom detached house occupies a generously sized, level plot with expansive views over unspoiled farmland. The property offers versatile, beautifully styled accommodation, including four bath/shower rooms. Additionally, there is a vast detached garage, thoughtfully constructed in a way that offers great potential for conversion into ancillary accommodation.

INTERNAL SPECIFICATION
•Beautifully presented and highly versatile
•Underfloor heating and insulation
•Travertine kitchen tiling and oak flooring to living room
•Living room enjoys a vaulted ceiling and woodburning stove
•Underfloor heating and insulation
•Galleried landing and oak staircase
•LPG gas boiler

EXTERNAL SPECIFICATION
•Natural slate roof
• Detached double garage with potential to convert to ancillary accommodation, a workshop, studio or large home office - Insulation, plumbing, power and windows already installed
• Attractive part slate hung/timber clad elevations
•Glass fronted balcony
• uPVC double glazing
•Exterior lighting
•Large driveway parking for approximately 5 vehicles (excluding garage)
• Generous level lawned garden perfect for families, pet owners and keen gardeners.

THE LOCATION
Situated on the stunning Lizard Peninsula, Mullion is the largest village in the area, offering a perfect blend of natural beauty, vibrant community, and rich history. With a range of excellent facilities including shops, inns, cafes, restaurants, craft shops, and art galleries, Mullion has everything you need for day-to-day living. Whether you're playing a round of golf at the nearby course, relaxing in hotels with swimming pools, spas, and gym facilities, or making use of the highly regarded local school (literally opposite the house), this village caters to all.

The dramatic Mullion Cove, owned by the National Trust, is a small picturesque harbour still used by local fishermen. Nearby, you'll find a range of scenic coastal walks, with breath-taking views along the cliffs. Family-friendly Poldhu Cove, with its sand dunes and café, is perfect for a relaxing day, while the charming Pollurian Cove, popular with surfers, is just a short walk from the village.

Mullion's coastal charm, rich heritage, and excellent amenities make it a hidden gem in Cornwall, perfect for both quiet living and adventure.

ADDITIONAL INFORMATION
Tenure - Freehold. Services - Mains electricity and water are connected to the property. LPG gas boiler provides central heating - partly underfloor. Private drainage with plumbing from house and garage. EPC - 65 (D) . Council Tax - Band D. Possession - Vacant possession upon completion. VIEWING ARRANGEMENTS - BY APPOINTMENT WITH TOM WILLS PROPERTY AGENTS.

Agent Details

Tom Wills - Personal Property Agents, Falmouth

01326 332129

Next Steps?

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