2 Bed Semi-Detached House, Refurb/BRRR, Camborne, TR14 7HU, £160,000

1 Weeth Road, Camborne, TR14 7HU, UK - 4 views - 3 months ago

Refurb/BRRR
Planning
ROI: 1%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£90K - £350K
Sold Prices/m²£1.3K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£156,529

 

 

End Value (After Refurb)

£190,711

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£29,746

Bridging Loan Interest

£4,200

Total Cash In

£81,696

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£190,711

Mortgage (After Refinance)

£143,033

Mortgage LTV

75%

Cash Released

£23,033

Cash Left In

£58,663

Equity

£47,678

Rent Range

£396 - £1,200

Rent Estimate

£891

Running Costs/mo

£794

Cashflow/mo

£97

Cashflow/yr

£1,162

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £90K to £350K, average is £160K. £1.3K/m² to £4.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£275K06/210.07 miNewhaven, Reskadinnick Road, Camborne, Cornwall TR14 7LS2
£160K08/210.09 mi2, St Martins Terrace, Camborne, Cornwall TR14 7HP2
£162K02/210.09 mi14, St Martins Terrace, Camborne, Cornwall TR14 7HP2
£268K06/210.17 mi23, Mitchell Road, Camborne, Cornwall TR14 7JH2
£230K10/200.17 mi3, Mitchell Road, Camborne, Cornwall TR14 7JH2
£350K03/230.23 mi15, Westborne Road, Camborne, Cornwall TR14 7JD2
£265K10/230.23 mi17, Westborne Road, Camborne, Cornwall TR14 7JD2
£139.9K03/210.24 mi4, Wellington Close, Camborne, Cornwall TR14 7HE2
£132K05/230.3 mi12, Trevean Close, Camborne, Cornwall TR14 7NZ2
£162.5K08/230.32 mi20, College Street, Camborne, Cornwall TR14 7LE2
£126K03/210.34 mi27, College Street, Camborne, Cornwall TR14 7JU2
£135K05/210.37 mi1, Fore Street, Camborne, Cornwall TR14 8AY2
£90K10/200.44 mi32, Cranfield Road, Camborne, Cornwall TR14 7PN2
£165K04/210.44 mi20, Wheal Gerry, Camborne, Cornwall TR14 8TY2
£177K12/210.44 mi7, Wheal Gerry, Camborne, Cornwall TR14 8TY2
£160K01/210.44 mi10, Wheal Gerry, Camborne, Cornwall TR14 8TY2
£188K08/210.46 mi14, Parc Bracket Street, Camborne, Cornwall TR14 8BN2
£185K11/210.46 mi16, Parc Bracket Street, Camborne, Cornwall TR14 8BN2
£123K09/210.49 mi55, Union Street, Camborne, Cornwall TR14 8HF2
£206.5K08/210.49 mi14, North Road, Camborne, Cornwall TR14 8AR2
£190K08/230.49 mi10, North Road, Camborne, Cornwall TR14 8AR2
£225K02/240.5 mi1, Godrevy Place, Camborne, Cornwall TR14 0GG2
£160K02/210.5 mi12, Victoria Street, Camborne, Cornwall TR14 8HD2
£130K07/210.53 mi58, Park Road, Camborne, Cornwall TR14 8QB2
£131K12/200.53 mi17, Moor Street, Camborne, Cornwall TR14 8HL2
£132K06/230.53 mi4, Cliff View Terrace, Camborne, Cornwall TR14 8PZ2
£165K09/210.54 mi21, Adelaide Street, Camborne, Cornwall TR14 8HH2
£142.5K01/210.56 mi18, Tolcarne Street, Camborne, Cornwall TR14 8JH2
£154K10/200.56 mi17, Albert Street, Camborne, Cornwall TR14 8BW2
£165K01/240.56 mi35, Roskear Road, Camborne, Cornwall TR14 8BT2
£170K11/230.56 mi4, Albert Street, Camborne, Cornwall TR14 8BW2
£135K04/210.58 mi35, Roskear Road, Camborne, Cornwall TR14 8BT2
£115K05/230.6 mi13, Centenary Street, Camborne, Cornwall TR14 8HW2
£178K08/210.62 mi24, Rose Cottages, Camborne, Cornwall TR14 8DD2
£180K10/230.63 mi89, Roskear Road, Camborne, Cornwall TR14 8BX2
£125K10/210.63 mi79, North Roskear Road, Tuckingmill, Camborne, Cornwall TR14 8PX2
£132K10/210.64 mi5, West Charles Street, Camborne, Cornwall TR14 8JG2
£110K04/240.64 mi7, West Charles Street, Camborne, Cornwall TR14 8JG2
£132K12/200.64 mi20, West Charles Street, Camborne, Cornwall TR14 8JG2
£150K12/230.64 mi26, East Charles Street, Camborne, Cornwall TR14 8JF2
£147K06/210.67 mi4, Stray Park Terrace, Camborne, Cornwall TR14 8UJ2
£147K10/200.69 mi34, Carnarthen Street, Camborne, Cornwall TR14 8UW2
£160K09/210.7 mi46, Carnarthen Street, Camborne, Cornwall TR14 8UP2
£157K11/200.75 mi39, Nicholas Holman Road, Camborne, Cornwall TR14 8FN2
£190K01/230.78 miMarsue, Vean Terrace, Camborne, Cornwall TR14 7AT2
£240K10/200.8 mi8, Park Lane, Camborne, Cornwall TR14 7TF2
£170K09/230.82 mi28, Dolcoath Avenue, Camborne, Cornwall TR14 8RY2
£135K05/230.82 mi18, Dolcoath Avenue, Camborne, Cornwall TR14 8RY2
£110K01/230.82 mi4, Dolcoath Avenue, Camborne, Cornwall TR14 8RY2
£295K02/230.85 mi47, Penware Parc, Camborne, Cornwall TR14 7QR2

Local Rents

15 rents from £396/mo to £1.2K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£90009/240.26 mi-2
£90011/240.26 mi-2
£39609/240.3 mi-2
£95009/240.41 mi-2
£95009/240.41 mi-2
£97508/240.41 mi-2
£99503/250.41 mi-2
£1,20003/250.46 mi-2
£95003/250.47 mi-2
£90012/240.51 mi-2
£90011/240.53 mi-2
£80003/250.54 mi-2
£92509/240.55 mi-2
£1,20009/240.56 miBasset Mews, Camborne, Cornwall, TR142
£80011/240.56 mi-2

Local Area Statistics

Population in TR14

24,578

Town centre distance

0.34 miles away

Nearest school

0.10 miles away

Nearest train station

0.66 miles away

 

 

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+43%

Property History

Listed for £160,000

January 13, 2025

Floor Plans

Description

  • SEMI DETACHED PROPERTY FOR RENOVATION +
  • SURPRISINGLY GENEROUS REAR GARDEN +
  • OFF ROAD PARKING FOR TWO VEHICLES +
  • LOTS OF POTENTIAL +
  • GENEROUS GROUND FLOOR ACCOMMODATION +
  • POTENTIAL TO EXTEND SUBJECT TO CONSENTS +
  • NO ONWARD CHAIN +
  • SCAN QR CODE FOR MATERIAL INFORMATION +

Requiring renovation, a two bedroom semi detached property in a popular residential location, offering plenty of potential. Off road parking and excellent garden to the rear.

Description - A semi Detached two bedroom property requiring renovation but offering an excellent opportunity with superb generous gardens in this sought after edge of town location. Accommodation briefly comprises of spacious living room, kitchen/diner, utility room, ground floor bathroom and lean to sunroom on the ground floor along with two bedrooms to the first floor. Externally there is a pleasant front garden and a driveway with parking for two vehicles, along with an extensive overgrown garden to the rear offering an excellent opportunity to bring this lovely property back to its original standard.

Entrance - UPVC double glazed obscured door opening into:

Entrance - An open entrance, stairs to floor floor room opening up into:

Living Room - 4.706m x 3.9m (15'5" x 12'9") - A generous room with UPVC double glazed window to front elevation. Night storage heater. Open under stairs shelving. Stairs to first floor. Doorway opening into:

Kitchen/Dining Room - 4.258m x 2.45m (13'11" x 8'0") - A range of cupboard and drawer units. Recessed fireplace with untested range cooker. Recessed cupboard unit. Traditional sliding sash window through to sunroom. Part tiled walls. Loft access. Concertina door open into:

Utility Room - 2.478m x 2.24 m (8'1" x 7'4" m) - Parquet effect laminate flooring. A range of floor cupboard and drawer unit with work service over. One bowl stainless steel sink unit with drainer boards to both sides and hot and cold taps over. Traditional sliding sash window through to sunroom. Door opening into:

Bathroom - 2.544m x 1.267m (8'4" x 4'1") - Panelled bath with hot and cold taps over. Pedestal wash handbasin. Low level WC. Fully tiled for wall. Glazed obscured window to rear elevation.

Sunroom - 2.702m x 2.153m (8'10" x 7'0") - Windows two sides. Polycarbonate roof. Door opening into rear garden.

First Floor - A small landing area gives access to both bedrooms with a loft hatch and UPVC double glazed window to rear elevation enjoying a pleasant open outlook.

Bedroom One - 3.983 m x 2.465 m. (13'0" m x 8'1" m.) - Double bedroom with UPVC double glazed window to front elevation.

Bedroom Two - 2.982m reducing to 1.924m x 2.142m (9'9" reducing - Single bedroom with UPVC double glazed window to front elevation.

Outside -

To The Front - Driveway with parking for two vehicles. Gated access to a low maintenance front garden which is predominantly stone chipped. Access to the front of the house with a footpath to the side of the property with pedestrian gated access to the side and rear of the property.

To The Rear - Immediately to the rear of the property there is a substantial concrete paved area suitable for outside dining. There are three block built outbuildings all in a state of disrepair but offering excellent potential. Beyond this paved area there's an overgrown but very generous and private garden which offers enormous potential which could provide a wonderful outside space. There are dilapidated ponds and raised stone structures suitable for planting. The garden is extensive and although significantly overgrown, could result in a truly wonderful and private outside space.

Material Information - Verified Material Information
Council tax band: B
Tenure: Freehold
Property type: House
Property construction: Standard form
Electricity supply: Mains electricity
Solar Panels: No
Other electricity sources: No
Water supply: Mains water supply
Sewerage: Mains
Heating: Room heaters only
Heating features: Night storage
Broadband: FTTP (Fibre to the Premises)
Mobile coverage: O2 - Good, Vodafone - Good, Three - Good, EE - Good
Parking: Driveway
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: No
Restrictions - Tree Preservation Orders: None
Public right of way: No
Long-term area flood risk: No
Coastal erosion risk: No
Planning permission issues: No
Accessibility and adaptations: Stairlift
Coal mining area: No
Non-coal mining area: Yes
Energy Performance rating: G
All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government icence v3.0.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property Lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.

Agent Details

Millerson, Camborne

01209 701022

Next Steps?

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