3 Bed Terraced House, Cash/Bridging Only, Helston, TR13 9PY, £345,000

Breage TR13 9PY - 2 views - 3 months ago

Under Offer
Cash
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£125K - £725K
Sold Prices/m²£1.5K/m² - £6.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.7K/m²

Value Estimate

£353,529
BMV2%

 

 

End Value (After Refurb)

£360,000

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£86,250

Stamp Duty & Legal Fees

£16,300

Refurb Costs

£40,789

Bridging Loan Interest

£9,056

Total Cash In

£154,146

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£360,000

Mortgage (After Refinance)

£270,000

Mortgage LTV

75%

Cash Released

£11,250

Cash Left In

£142,896

Equity

£90,000

Rent Range

£750 - £1,700

Rent Estimate

£1,133

Running Costs/mo

£1,372

Cashflow/mo

£-239

Cashflow/yr

£-2,863

Gross Yield

4%

Local Sold Prices

50 sold prices from £125K to £725K, average is £336.6K. £1.5K/m² to £6.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£300K12/200 mi7, Troon Row, Breage, Helston, Cornwall TR13 9PY3
£320K04/210.26 miRose Cottage, Higher Road, Breage, Helston, Cornwall TR13 9PJ3
£185K05/230.31 mi2, Coaches Corner, Breage, Helston, Cornwall TR13 9PD3
£425K04/240.31 mi8, Fowlfield Row, Breage, Helston, Cornwall TR13 9PQ3
£425K11/220.36 miElric, Main Road, Ashton, Helston, Cornwall TR13 9SD3
£375K07/230.57 mi1, Higher Row, Ashton, Helston, Cornwall TR13 9RY3
£407.5K09/220.6 miTrevanion, Fore Street, Ashton, Helston, Cornwall TR13 9RW3
£349K12/200.61 mi2, Prospect Place, Ashton, Helston, Cornwall TR13 9SH3
£276.3K06/210.76 mi2, Mounts Bay Terrace, Ashton, Helston, Cornwall TR13 9TN3
£310K06/230.84 miElm Cottage, Hendra Lane, Ashton, Helston, Cornwall TR13 9SU3
£351K12/200.85 mi7, Hendra Close, Ashton, Helston, Cornwall TR13 9SS3
£400K12/200.86 miLynwood, Main Road, Ashton, Helston, Cornwall TR13 9ST3
£725K10/231.03 miMount Pascoe, Wheal Vor, Breage, Helston, Cornwall TR13 9NH3
£440K11/221.47 mi10, St Elvan Crescent, Porthleven, Helston, Cornwall TR13 9NA3
£300K08/221.54 mi7, West View, Porthleven, Helston, Cornwall TR13 9LN3
£335K08/231.55 mi15, West View, Porthleven, Helston, Cornwall TR13 9LN3
£359.5K03/231.55 mi22, West View, Porthleven, Helston, Cornwall TR13 9LN3
£275K05/211.55 mi39, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£292K03/211.55 mi29, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£455K07/231.55 mi51, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£260K06/231.6 mi12, South View, Porthleven, Helston, Cornwall TR13 9LS3
£390K07/231.6 mi3, Mill Close, Porthleven, Helston, Cornwall TR13 9LH3
£499.9K08/231.67 mi4, Praze Road, Porthleven, Helston, Cornwall TR13 9LR3
£445K03/241.71 mi5, Reeves Close, Porthleven, Helston, Cornwall TR13 9PB3
£495K07/231.71 mi3, Reeves Close, Porthleven, Helston, Cornwall TR13 9PB3
£360K03/231.78 mi6, Bickford Crescent, Porthleven, Helston, Cornwall TR13 9AG3
£355K03/211.8 mi4, Forth Vean, Godolphin Cross, Helston, Cornwall TR13 9RH3
£180K12/201.8 mi2, Herland Park, Godolphin Cross, Helston, Cornwall TR13 9RJ3
£265K05/211.81 mi5, Wellington Terrace, Porthleven, Helston, Cornwall TR13 9HU3
£262.5K09/231.82 mi22, Gibson Way, Porthleven, Helston, Cornwall TR13 9AW3
£281.5K11/221.84 mi10, Wellington Terrace, Porthleven, Helston, Cornwall TR13 9HU3
£465K12/211.84 mi10, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB3
£372.5K10/221.84 mi4, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB3
£235K04/211.85 mi9, Tor Close, Porthleven, Helston, Cornwall TR13 9AE3
£125K08/231.88 mi24, Pengersick Estate, Praa Sands, Penzance, Cornwall TR20 9RE3
£220K03/211.88 mi9, Pengersick Estate, Praa Sands, Penzance, Cornwall TR20 9RE3
£135K02/241.88 mi37, Pengersick Estate, Praa Sands, Penzance, Cornwall TR20 9RE3
£322.5K06/231.88 miLyndhurst, Thomas Terrace, Porthleven, Helston, Cornwall TR13 9DE3
£430K01/211.89 mi14, Claremont Terrace, Porthleven, Helston, Cornwall TR13 9JU3
£325K08/211.92 mi3, Trewithan Terrace, Ashton, Helston, Cornwall TR13 9TQ3
£162K03/241.92 mi9, Trewithan Terrace, Ashton, Helston, Cornwall TR13 9TQ3
£496K06/231.92 miSeabaan, Herland Road, Godolphin Cross, Helston, Cornwall TR13 9RD3
£279.5K05/231.93 mi19, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£278K12/231.93 mi17, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£327.5K04/211.94 mi10, Peverell Road, Porthleven, Helston, Cornwall TR13 9DH3
£257K12/201.94 mi6, Peverell Road, Porthleven, Helston, Cornwall TR13 9DH3
£559K03/211.94 mi12, Trewartha Road, Praa Sands, Penzance, Cornwall TR20 9ST3
£338.2K12/201.94 mi11, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£360K09/221.95 miBelle More, Herland Road, Godolphin Cross, Helston, Cornwall TR13 9RD3
£397K03/211.95 miDanfords, Trewelloe Road, Praa Sands, Penzance, Cornwall TR20 9SU3

Local Rents

9 rents from £750/mo to £1.7K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00004/240.31 mi-2
£1,19509/240.84 mi-3
£1,35009/240.98 miFalmouth Road, Helston3
£84509/241.46 mi-2
£75003/251.82 mi-2
£89508/241.83 mi-1
£1,20011/241.87 mi-3
£1,70010/242.2 miPenzance4
£87509/242.43 miNansevrus Bungalow, Crowntown, Helston, TR132

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

3.15 miles away

Nearest school

0.20 miles away

Nearest train station

6.41 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £345,000

January 13, 2025

Description

  • MID TERRACE COTTAGE +
  • THREE BEDROOMS +
  • GENEROUS FRONT GARDEN +
  • REAR COURTYARD +

Situated in the popular Cornish village of Breage is this delightful, three bedroom mid terrace cottage of immense charm and character. The residence, which benefits from majority LPG central heating and double glazing, boasts many character features from beamed ceilings to an impressive fireplace with partially exposed stone walls housing a wood burner.
The beautifully presented property provides well proportioned accommodation whilst, to the outside, is a generous front garden which is mainly laid to lawn has a patio area and well established plants and shrubs. To the rear of the residence is a pleasant courtyard. Parking is provided for a number of vehicles.

In brief, the accommodation comprises a characterful lounge/diner inner hallway, whilst to the rear in what we are advised is a single block flat roof extension there is a kitchen/diner, study/bedroom three, utility room and a shower room. On the first floor is a landing and two bedrooms.

The village of Breage itself provides many local amenties including a post office with shop, public house, primary school and a church called St. Breaca dedicated to the Irish saint from which the village derives its name. The nearby coastal village of Porthleven is a short distance drive away with its picturesque Cornish fishing harbour acting as a focal point with many restaurants, pubs, shops and galleries nestled around it.

The nearby market town of Helston provides more extensive amenities including national stores, cinema, sports centre with indoor swimming pool, supermarkets and both primary and secondary schooling.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)
Door to

LOUNGE/DINER 7.32M X 3.66M (24' X 12')
A large characterful room with beamed ceiling and a fabulous feature fireplace housing a wood burner on a slate hearth and an exposed wall surround. There is an outlook to the front garden and door to

HALL
With stairs to the first floor, built-in cupboard, door to the outside, door to the study/bedroom three and door to

KITCHEN/DINER 5.79M X 3.66M NARROWING TO 2.44M (19' X 12' NARROWING TO 8')
Comprising attractive working top surfaces incorporating a circular sink with mixer tap over, cupboards and drawers under and wall cupboards over. There is a built-in induction hob with hood over, two built-in fridge/freezers and two ovens. The room has spotlighting, an outlook to the rear courtyard and door to

UTILITY ROOM 2.82M X 1.52M (9'3" X 5')
With frosted window to the rear and having a working top surface with space under for a washing machine and tumble dryer. The room houses the boiler and door to

SHOWER ROOM
Comprising walk-in shower cubicle with both rain and flexible shower heads, washbasin with mixer tap over and a W.C. with concealed cistern. There is a tiled floor, tiled walls, frosted window and a towel rail.

STUDY/BEDROOM THREE 4.34M X 2.59M NARROWING TO 2.44M
(14'3" X 8'6" NARROWING TO 8')
With outlook to the rear and having a free standing cupboard.

STAIRS & LANDING
With doors to both remaining bedrooms.

BEDROOM ONE 3.58M X 3.28M (11'9" X 10'9")
With outlook over open countryside and out to sea in the distance. Access to the loft.

BEDROOM TWO 3.66M X 3.12M (12' X 10'3")
Measurements minus door recess & plus alcove. With outlook over open countryside and towards the sea in the distance. Fitted wardrobes.

OUTSIDE
To the front of the residence is a large garden which is mainly laid to lawn, providing a patio area and well established plants and shrubs. To the rear of the residence is a pleasant courtyard and parking is provided for a number of vehicles.

SERVICES
Mains electricity and water. Private drainage.

AGENTS NOTE
We understand that the rear flat roof extension is of a single block construction. Prospective purchasers should satisfy themselves with their chosen lender for its suitability for mortgage purposes

COUNCIL TAX BAND
Council tax band C.

ANTI MONEY LAUNDERING REGULATIONS
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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