3 Bed Bungalow, Cash/Bridging Only, Helston, TR12 6BS, £450,000

St Martin, TR12 6BS - 2 months ago

Cash
ROI: 2%
~93 m²
+26 photos

ValuationOvervalued

Sold Prices£210K - £575K
Sold Prices/m²£2.8K/m² - £7.3K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£374,095

 

 

End Value (After Refurb)

£384,919

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£40,580

Bridging Loan Interest

£11,813

Total Cash In

£200,342

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£384,919

Mortgage (After Refinance)

£288,689

Mortgage LTV

75%

Cash Left In

£200,342

Equity

£96,230

Rent Range

£950 - £2,500

Rent Estimate

£1,850

Running Costs/mo

£1,593

Cashflow/mo

£257

Cashflow/yr

£3,086

ROI

2%

Gross Yield

5%

Local Sold Prices

14 sold prices from £210K to £575K, average is £280.5K. £2.8K/m² to £7.3K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£330K06/220.59 miHolly Cottage, Newtown, St Martin, Helston, Cornwall TR12 6DW3
£400K03/211.79 miTredour, Orchard Lane, Helford, Helston, Cornwall TR12 6LA3
£210K07/231.85 mi2, Minster Terrace, Manaccan, Helston, Cornwall TR12 6JJ3
£250K03/231.95 mi7, Langweath Estate, Mawgan, Helston, Cornwall TR12 6AU3
£236K02/211.95 mi15, Langweath Estate, Mawgan, Helston, Cornwall TR12 6AU3
£325K10/232.18 miLittle Tregear, St Keverne Road, Mawgan, Helston, Cornwall TR12 6AY3
£250K02/212.42 mi4, Cryben, Gweek, Helston, Cornwall TR12 6UP3
£575K12/232.47 mi16, Meneth, Gweek, Helston, Cornwall TR12 6UW3
£260K10/202.47 mi8, Meneth, Gweek, Helston, Cornwall TR12 6UW3
£257.3K06/212.47 mi3, Meneth, Gweek, Helston, Cornwall TR12 6UW3
£299K06/212.47 mi1, Meneth, Gweek, Helston, Cornwall TR12 6UW3
£277K10/202.51 mi2, Forthcrom, Gweek, Helston, Cornwall TR12 6UN3
£284K09/212.52 mi3, Rose Terrace, Gweek, Helston, Cornwall TR12 6UG3
£405K12/202.84 miMyrtle Cottage, Gillan, Manaccan, Helston, Cornwall TR12 6HE3

Local Rents

3 rents from £950/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10009/241.87 mi-2
£2,50002/251.9 mi-4
£95003/252.48 mi-3

Local Area Statistics

Population in TR12

9,482

Population in Helston

29,289

Town centre distance

4.96 miles away

Nearest school

1.80 miles away

Nearest train station

6.52 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+64%

Property History

Listed for £450,000

February 14, 2025

Floor Plans

Description

  • QUIET VILLAGE LOCATION +
  • POTTERY STUDIO / WORKSHOP +
  • BEAUTIFULLY PRESENTED +
  • OFF-STREET PARKING +
  • WELL STOCKED GARDEN +

 

Situated in the heart of the village of St Martin, on the Lizard Peninsula, is this very well maintained and immaculately presented dormer-bungalow.

Set back from the road behind a pretty Cornish hedge, a little path leads you down the garden to the front porch. A welcoming hallway leads to a spacious and bright double reception room which has a large picture window through which to enjoy the panorama of the garden, and a recently installed log burner to ensure cosy winter evenings.

The kitchen is situated to the rear of the property and is fitted with a range of wall and base units, including an integrated dishwasher, oven and electric hob with extractor. There is space for a free-standing fridge-freezer and a breakfast table.

A door to the rear of the kitchen leads to the back entrance along with a utility room with WC and space for a washing machine and dryer. There is also a pottery studio which has been converted from the original garage. Patio doors have recently replaced the garage door to allow much more natural light into the space. This would make a great workshop, artist's studio or even a home gym!

The principal bedroom is on the ground floor and is very spacious, with lots of room for free standing storage, The second bedroom is also a double, but is currently used as a study. On the first floor in the converted loft, is the third double bedroom which also has an ensuite shower room. The main bathroom is on the ground floor and has both a bath and a corner shower cubicle. There is also a vanity unit with sink and storage.

The rear of the property can be accessed via Pork Street and has driveway parking for at least 2 cars, a patio with clothes drying area, a garden shed, a log store and oil storage tanks for the heating.

To the front of the property is a beautiful and well stocked cottage garden, bounded by a splendid example of a Cornish hedge. Established shrubs and colourful, fragrant borders surround the lawn, and nestled against a backdrop of camelias is a sunny patio where you can relax and enjoy nature.

 

ADDITIONAL INFORMATION Recently installed oil boiler for heating and hot water
Septic tank
Mains water and electric
Recently installed wood burning stove
Recently installed patio doors to studio
Recently installed doors to front porch
UPVC double glazing throughout
Driveway parking
Pottery studio
EPC : E (However a new oil boiler has been installed since the EPC was last issued)
Council Tax Band : D
 

LOCATION St Martin is a small village on the Lizard Peninsula, around 5 miles from the town of Heston and under 2 miles from the beautiful Helford River. The location is ideal for exploring picturesque coastal villages such as Helford, Coverack and Mullion and especially for walking along the South West Coast Path.

The most southerly point of mainland Britain, the Lizard Peninsula is a place like no other. The sea seems a touch bluer, the light a little brighter and the land a littler flatter! The geology is unlike anywhere else in Cornwall, with rocks that formed 350 million years ago responsible for the unique landscape, a plateau surrounded by robust sea cliffs, here and there providing a safe haven for a small harbour or fishing village. The Lizard Peninsula provides unique opportunities for adventure with a myriad of outdoor activities on your doorstep. Whether you are into bird watching, hiking, sea kayaking or surfing, there truly is something for everyone.
 

ANTI MONEY LAUNDERING REGULATIONS - PURCHASER
We are required by law to ask all purchasers for verified ID prior to agreeing a sale.

PROOF OF FUNDS - 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

Martin & Co, Falmouth

01326 332571

Next Steps?

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