3 Bed Bungalow, Refurb/BRRR, Hayle, TR27 4QX, £285,000

Hayle, TR27 4QX - 2 views - 2 months ago

Refurb/BRRR
ROI: 7%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£186K - £540K
Sold Prices/m²£2.3K/m² - £6.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£293,550
BMV3%

 

 

End Value (After Refurb)

£345,000

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Refurb Costs

£40,580

Bridging Loan Interest

£7,481

Total Cash In

£132,561

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£345,000

Mortgage (After Refinance)

£258,750

Mortgage LTV

75%

Cash Released

£45,000

Cash Left In

£87,561

Equity

£86,250

Rent Range

£975 - £3,485

Rent Estimate

£2,406

Running Costs/mo

£1,579

Cashflow/mo

£827

Cashflow/yr

£9,920

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £186K to £540K, average is £335K. £2.3K/m² to £6.6K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£320K01/210.06 mi10, Albertus Gardens, Hayle, Cornwall TR27 4JB3
£335K03/210.08 mi42, Trelissick Road, Hayle, Cornwall TR27 4HY3
£412.5K12/220.09 mi5, Albertus Road, Hayle, Cornwall TR27 4JQ3
£345K01/210.11 mi4, Albertus Road, Hayle, Cornwall TR27 4JQ3
£416.8K04/230.11 mi11, Albertus Road, Hayle, Cornwall TR27 4JQ3
£367.5K09/210.11 mi3, Albertus Road, Hayle, Cornwall TR27 4JQ3
£345K04/210.11 mi8, Albertus Road, Hayle, Cornwall TR27 4JQ3
£335K02/210.11 mi19a, Albertus Road, Hayle, Cornwall TR27 4JQ3
£450K10/210.11 mi59, Mellanear Close, Hayle, Cornwall TR27 4QU3
£275K08/220.16 mi16, Crun Melyn Parc, Hayle, Cornwall TR27 4RH3
£345K12/200.17 mi41, Trelissick Fields, Hayle, Cornwall TR27 6HZ3
£338K07/230.17 mi31, Trelissick Fields, Hayle, Cornwall TR27 6HZ3
£345K12/200.17 mi41, Trelissick Fields, Hayle, Cornwall TR27 6HZ3
£285K12/200.17 mi35, Trelissick Fields, Hayle, Cornwall TR27 6HZ3
£355K01/210.18 mi59, Trelissick Road, Hayle, Cornwall TR27 4HY3
£260K10/220.19 mi51, Trelissick Fields, Hayle, Cornwall TR27 6HZ3
£340K10/220.2 mi15, Ash Drive, Hayle, Cornwall TR27 6PF3
£272.5K12/200.2 mi26, Ash Drive, Hayle, Cornwall TR27 6PF3
£305K09/230.2 mi32, Ash Drive, Hayle, Cornwall TR27 6PF3
£395K09/220.2 mi23, Ash Drive, Hayle, Cornwall TR27 6PF3
£308K04/210.2 mi18, Foundry Hill, Hayle, Cornwall TR27 4HW3
£350K07/230.2 mi30, Foundry Hill, Hayle, Cornwall TR27 4HW3
£386K11/220.22 mi7, Bownder Dowr, Hayle, Cornwall TR27 6JA3
£493K08/230.24 mi13, Meadowside Close, Hayle, Cornwall TR27 4JL3
£375K12/200.26 mi36, Foundry Hill, Hayle, Cornwall TR27 4HW3
£370K01/240.29 mi1, Tremeadow Terrace, Hayle, Cornwall TR27 4AF3
£400K07/230.29 mi12, Tremeadow Terrace, Hayle, Cornwall TR27 4AF3
£287.5K03/240.36 mi14, Penpol Road, Hayle, Cornwall TR27 4AD3
£197K02/210.46 mi9, Haven Court, Hayle, Cornwall TR27 4SE3
£320K11/220.46 mi3, Haven Court, Hayle, Cornwall TR27 4SE3
£368.5K11/200.49 mi5, Cledma Bank, St Erth, Hayle, Cornwall TR27 6HH3
£283.8K05/210.53 mi56, Penpol Terrace, Hayle, Cornwall TR27 4BQ3
£194K05/230.55 mi22, Penpol Terrace, Hayle, Cornwall TR27 4BQ3
£370K10/220.59 mi33, St Georges Road, Hayle, Cornwall TR27 4AL3
£261.1K05/230.59 mi55, St Georges Road, Hayle, Cornwall TR27 4AL3
£397K09/230.59 mi27, St Georges Road, Hayle, Cornwall TR27 4AL3
£375K12/200.59 mi37, St Georges Road, Hayle, Cornwall TR27 4AL3
£250K09/220.64 mi12, Cornubia Close, Hayle, Cornwall TR27 4RL3
£265K09/220.64 mi5, Cornubia Close, Hayle, Cornwall TR27 4RL3
£275K10/220.64 mi1, Cornubia Close, Hayle, Cornwall TR27 4RL3
£191K09/220.64 mi4, Cornubia Close, Hayle, Cornwall TR27 4RL3
£331.5K06/230.67 mi18, Chenhalls Road, St Erth, Hayle, Cornwall TR27 6HJ3
£215K08/230.7 mi12, Harveys Way, Hayle, Cornwall TR27 4PE3
£192.5K01/210.7 mi73, Harveys Way, Hayle, Cornwall TR27 4PF3
£415.5K01/230.7 mi76, Hayle Terrace, Hayle, Cornwall TR27 4BT3
£186K11/200.74 mi7, Bowling Green Court, Hayle, Cornwall TR27 4RP3
£313K02/240.75 mi12, Mount Pleasant Gardens, Hayle, Cornwall TR27 4JR3
£233.5K07/220.77 mi10, Coronation Road, Hayle, Cornwall TR27 4AY3
£280K07/210.78 mi22, Mount Pleasant, Hayle, Cornwall TR27 4LD3
£540K03/240.78 mi11, Mount Pleasant, Hayle, Cornwall TR27 4LD3

Local Rents

13 rents from £975/mo to £3.5K/mo, average is £3.2K/mo.

RentDateDistanceAddressBeds 
£3,19512/240.35 mi-3
£3,19503/250.35 mi-3
£3,19512/240.36 mi-3
£3,19512/240.36 mi-3
£3,19503/250.36 mi-3
£1,55001/250.39 mi-3
£1,45011/240.39 mi-3
£1,45012/240.39 mi-3
£1,80012/230.39 mi-3
£3,48503/250.39 mi-3
£3,19512/240.5 mi-3
£97510/240.56 miPenpol Vean, Hayle3
£1,39509/230.59 mi-3

Local Area Statistics

Population in TR27

14,776

Town centre distance

0.52 miles away

Nearest school

0.10 miles away

Nearest train station

0.51 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Buyer's market

Capital growth (5yrs)

+43%

Property History

Listed for £285,000

February 17, 2025

Floor Plans

Description

  • Three Bedroom Detached Bungalow Requires Modernisation +
  • Lounge Dining Room +
  • Fitted Kitchen +
  • Family Bathroom +
  • Double Glazed & Gas Central Heating +
  • South Facing Garden To Front stocked With Shrubs & patio Area +
  • Driveway Parking & Garage +
  • No Chain +

This well proportioned three bedroom detached bungalow requires a course of modernisation throughout but benefits from a quiet location in a popular residential area with a garage. The property benefits from excellent access to a wide range of amenities in Hayle to include shopping facilities, transport links, St. Michaels Hospital, a selection of restaurants and also to the beautiful sandy beach.

Internally there is a lounge dining room, a kitchen requiring re-fitting, three bedrooms and a bathroom. The property is warmed by gas central heating and is mainly double glazed but some of the windows need updating.

Externally there is a lovely south west facing garden to the front which is stocked with shrubs but ideally would benefit from cutting back. There is driveway parking leading to a garage. To the rear the garden is manageable and enclosed by fencing with mainly paved areas planted with shrubs.

Freehold Property. Council Tax Band D. EPC D.

Accommodation Comprises:

Entrance Porch 4'10" x 2'8" (1.47m x 0.81m)
Tiled floor, double glazed window to front, multi paned door into lounge.

Lounge Dining Room 15' x 14'10" (4.57m x 4.52m)
Well proportioned room with double glazed window to front, radiator, fireplace with electric fire, door to hallway and door to bedroom 1.

Kitchen 15' x 10'7" (4.57m x 3.23m)
Fitted with a range of dated units comprising base, wall and drawer units with work tops and tiled splash backs. Space for cooker with extractor, space for upright fridge freezer, plumbing for washing machine. Single drainer sink with one and a half bowl. Double glazed window to front, radiator. Double glazed door to rear porch.

Rear Porch
Double glazed window, double glazed door to rear garden.

Bedroom 1 13'2" x 10'11" (4.01m x 3.33m)
Double bedroom with double glazed window to rear, triple built in wardrobe, radiator.

Bedroom 2 11'11" x 10'11" (3.63m x 3.33m)
Second double bedroom with double glazed window to rear, radiator.

Bedroom 3 10'11" x 6'4" (3.33m x 1.93m)
Third bedroom with double glazed window to rear, radiator.

Bathroom 11'7" x 6'2" (3.53m x 1.88m)
Fitted with a panelled bath, low level W.C, pedestal wash basin, tiled surrounds. Cupboard housing combination boiler supplying hot water and radiators. Extractor, radiator, double glazed frosted window to front.

Outside
The property is tucked away in the corner of a small cul de sac with driveway parking for 1 car to the front leading to the garage. The front garden is well stocked with shrubs and flower beds. There is a gate to the side which leads to the rear. The rear garden is enclosed by fencing and is mainly paved with established shrubs. There is also a garden shed and rear access to the garage.

Garage 19'2" x 9'10" (5.84m x 3m)
Single garage with up and over door. Power and light connected and door to rear garden.

Agent Details

Redwood Estate Agents Limited, Redruth

01209 700987

Next Steps?

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