2 Bed Terraced House, Cash/Bridging Only, Camborne, TR14 7DR, £125,000

Rectory Road, Camborne, Cornwall, TR14 7DR - 24 days ago

Sold STC
Cash
ROI: 3%
~68 m²

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£29,746

Bridging Loan Interest

£3,281

Total Cash In

£70,978

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£172,626

Mortgage (After Refinance)

£129,470

Mortgage LTV

75%

Cash Released

£35,720

Cash Left In

£35,258

Equity

£43,157

Rent Range

£396 - £1,200

Rent Estimate

£943

Running Costs/mo

£748

Cashflow/mo

£195

Cashflow/yr

£2,340

ROI

3%

Gross Yield

9%













Local Rents

18 rents from £396/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£39609/240.14 mi-2
£97508/240.24 mi-2
£99503/250.24 mi-2
£95003/250.26 mi-2
£1,20002/250.28 mi-2
£1,20009/240.28 miBasset Mews, Camborne, Cornwall, TR142
£90009/240.34 mi-2
£90012/240.34 mi-2
£95009/240.4 mi-2
£95010/240.4 mi-2
£80011/240.47 mi-2
£80003/250.48 mi-2
£1,10002/240.56 mi-2
£1,15003/240.56 mi-2
£1,15009/240.56 miFore Street, Penponds, Camborne, TR142
£90012/240.57 mi-2
£90011/240.57 mi-2
£92510/240.59 mi-2

Local Area Statistics

Population in TR14

24,578

Town centre distance

0.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+43%

Property History

Listed for £125,000

February 20, 2025

Description

  • 2 Bedroom +
  • Mid Terrace House +
  • Front & Rear Gardens +
  • Ideal Investment Property +
  • Currently Tenanted +
  • CASH PURCHASE ONLY +

CASH PURCHASE ONLY – 2 bedroom mid terrace property with lounge, kitchen/diner and first floor bathroom offering: Gas Central Heating and UPVC Double Glazing, front and back gardens, Ideal investment property as the property is currently let with a tenant who would like to stay if possible. EPC Rating: D Council Tax Band: A Location: Located just off Camborne town centre. Camborne itself provides a range of facilities including shops, schools for all ages, doctors surgeries, church, and restaurants/public houses. The rail station provides a main line rail link to London Paddington and the North. Entrance: Enter through upvc d/g door in to: Hall: Stairs to first floor, door to: Lounge/kitchen/diner: 20’8” x 14’6” (6.35m x 4.44m) Upvc d/g window to the front of the property, 2 x upvc d/g windows to the rear and a upvc d/g door also to the rear, 2 radiators, storage cupboards under stairs, Telephone/broadband point, low level dividing wall between living and dining area, selection of kitchen units at both high and low levels, stainless steel sink and drainer, plumbing for washing machine, combi-boiler, partially tiled walls, various electric points. Bedroom 1: 14’7” x 9’5” (4.48m x 2.91m) Upvc d/g window to the rear of the property, radiator, various electric points. Bedroom 2: 14’6” x 7’0” (4.45m x 2.14m)(Max) Upvc d/g window to the front of the property, radiator, various electric points. Bathroom: 6’5” x 5’6” (1.98m x 1.71m) Partially tiled walls, radiator, extractor fan, bathroom suite comprising: Low level w.c, hand basin, bath with mixer shower over. Outside: To the front is an enclosed front garden with lawn and path to front door accessed by a gate. The rear garden is fully enclosed and laid mostly to lawn. Directions: From the Office turn right along Cross Street, at the end turn right to the mini-roundabout, turn left. Immediately after passing the church on your left, turn left into Rectory Road. Number 6 can be found a short way along on your right. NOTE: these particulars are thought to be materially correct though their accuracy is not guaranteed and they do not form part of any contract .If there is any point that is of particular importance to you please contact the office and we will be pleased to check the information. We have not tested the services or any of the appliances or equipment in the property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising any offer to purchase. The room sizes are approximate and are only intended as general guidance. Prospective buyers should verify the dimensions carefully before ordering carpets or any fitted furniture.

Agent Details

Celtic Estate Agents, Camborne

01209 707205

Next Steps?

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