2 Bed Terraced House, Refurb/BRRR, Helston, TR13 0DH, £160,000

48 Carey Park, Helston, TR13 0DH - 2 months ago

Auction

Refurb/BRRR

~68 m²

+16 photos

ValuationUndervalued

Sold Prices	£126.8K - £353.5K
Sold Prices/m²	£1.8K/m² - £5.6K/m²

Square Metres	~68.11 m²
Price/m²	£2.3K/m²
Value Estimate	£164,800£164,800
BMV	3%

End Value (After Refurb)	£224,926£224,926
Uplift in Value	+41%+41%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£40,000£40,000
Stamp Duty & Legal Fees	£9,200£9,200
Refurb Costs	£29,873£29,873
Bridging Loan Interest	£4,200£4,200
Total Cash In	£85,023£85,023

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£224,926£224,926
Agent Fees (1%)	£2,249£2,249
Bridging Loan	£120,000£120,000
Bridging Loan Interest	£4,200£4,200
Flip Profit	£17,653£17,653

Local Sold Prices

52 sold prices from £126.8K to £353.5K, average is £215.8K. £1.8K/m² to £5.6K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	08/21	0.04 mi	15, Pendeen Park, Helston, Cornwall TR13 0DL	-	-	2	Semi-Detached House
£295K	03/23	0.04 mi	2, Pendeen Park, Helston, Cornwall TR13 0DL	£4,836	61	2	Detached House
£183K	03/21	0.18 mi	29, Nanscober Place, Helston, Cornwall TR13 0SP	£3,268	56	2	Terraced House
£160K	12/21	0.18 mi	20, Nanscober Place, Helston, Cornwall TR13 0SP	-	-	2	Semi-Detached House
£198K	07/23	0.18 mi	31, Nanscober Place, Helston, Cornwall TR13 0SP	£3,143	63	2	Terraced House
£215K	11/23	0.18 mi	40, Nanscober Place, Helston, Cornwall TR13 0SP	£3,909	55	2	Terraced House
£230K	12/23	0.18 mi	28, Nanscober Place, Helston, Cornwall TR13 0SP	£4,182	55	2	Semi-Detached House
£256K	10/22	0.33 mi	8, Chytroose Close, Helston, Cornwall TR13 8UY	£5,634	45	2	Semi-Detached House
£203K	01/23	0.33 mi	11, Chytroose Close, Helston, Cornwall TR13 8UY	£4,511	45	2	Semi-Detached House
£210K	04/23	0.33 mi	7, Chytroose Close, Helston, Cornwall TR13 8UY	£4,565	46	2	Semi-Detached House
£240K	01/21	0.35 mi	2, Trenethick Close, Helston, Cornwall TR13 8LQ	£3,429	70	2	Detached House
£280K	11/23	0.35 mi	20, Trenethick Avenue, Helston, Cornwall TR13 8LU	£4,444	63	2	Detached House
£305K	09/22	0.36 mi	4, Gwealhellis Warren, Helston, Cornwall TR13 8PQ	£4,692	65	2	Semi-Detached House
£250K	06/23	0.38 mi	35, Seneschall Park, Helston, Cornwall TR13 8GA	-	-	2	Terraced House
£192K	03/23	0.38 mi	Woodstock, 2, Canons Place, Helston, Cornwall TR13 8LS	-	-	2	Detached House
£200K	03/21	0.41 mi	25, Roskruge Close, Helston, Cornwall TR13 8GL	£2,479	81	2	Semi-Detached House
£285K	09/23	0.42 mi	5, Gwealdues, Helston, Cornwall TR13 8LA	-	-	2	Detached House
£210K	11/20	0.45 mi	25, Barton Close, Helston, Cornwall TR13 8LL	£3,000	70	2	Semi-Detached House
£182K	11/20	0.45 mi	34, Tremenheere Avenue, Helston, Cornwall TR13 8SY	£2,844	64	2	Semi-Detached House
£247K	02/23	0.45 mi	38, Tremenheere Avenue, Helston, Cornwall TR13 8SY	£3,742	66	2	Semi-Detached House
£235K	12/22	0.45 mi	34, Tremenheere Avenue, Helston, Cornwall TR13 8SY	£3,672	64	2	Semi-Detached House
£235K	01/24	0.45 mi	32, Tremenheere Avenue, Helston, Cornwall TR13 8SY	£3,219	73	2	Terraced House
£250K	08/23	0.47 mi	26, Parc Holland, Helston, Cornwall TR13 8GR	-	-	2	Semi-Detached House
£189.5K	05/21	0.51 mi	3a, Church Hill, Helston, Cornwall TR13 8NN	£3,644	52	2	Detached House
£240K	08/23	0.51 mi	3a, Church Hill, Helston, Cornwall TR13 8NN	£4,615	52	2	Detached House
£200K	04/21	0.52 mi	34, Godolphin Road, Helston, Cornwall TR13 8QD	£2,753	73	2	Terraced House
£216.5K	02/23	0.53 mi	76, Manor Way, Helston, Cornwall TR13 8LZ	£3,647	59	2	Terraced House
£240K	11/20	0.54 mi	2, Millbrook Cottages, Lowertown, Helston, Cornwall TR13 0BZ	-	-	2	Semi-Detached House
£245K	09/23	0.55 mi	10, Forth Gwedhen, Helston, Cornwall TR13 8FL	£3,603	68	2	Semi-Detached House
£353.5K	10/22	0.55 mi	18, Forth Gwedhen, Helston, Cornwall TR13 8FL	£3,885	91	2	Semi-Detached House
£270K	09/23	0.59 mi	Hazeldene, Sanctuary Lane, Helston, Cornwall TR13 8UG	£3,418	79	2	Detached House
£235K	04/23	0.59 mi	11, Penrose Road, Helston, Cornwall TR13 8TP	£3,615	65	2	Terraced House
£245K	11/23	0.59 mi	6, Penrose Road, Helston, Cornwall TR13 8TP	£4,016	61	2	Terraced House
£245K	11/23	0.59 mi	6, Penrose Road, Helston, Cornwall TR13 8TP	£4,016	61	2	Terraced House
£175K	10/23	0.61 mi	30, Church Street, Helston, Cornwall TR13 8TQ	£2,652	66	2	Terraced House
£159.9K	05/21	0.63 mi	43b, Wendron Street, Helston, Cornwall TR13 8PT	£3,682	43	2	Semi-Detached House
£191.5K	06/21	0.65 mi	12, Cross Street, Helston, Cornwall TR13 8NG	£2,060	93	2	Terraced House
£190K	10/20	0.66 mi	19, Parc An Dower, Helston, Cornwall TR13 8AQ	£2,676	71	2	Semi-Detached House
£215K	02/24	0.66 mi	4, Parc An Dower, Helston, Cornwall TR13 8AQ	£2,679	80	2	Terraced House
£250K	05/23	0.67 mi	The Little House, St Johns Road, Helston, Cornwall TR13 8HW	£4,310	58	2	Detached House
£160K	01/24	0.69 mi	15, Lady Street, Helston, Cornwall TR13 8NA	£3,267	49	2	Semi-Detached House
£212K	10/23	0.69 mi	3, Nettles Hill, Helston, Cornwall TR13 8HD	£3,786	56	2	Terraced House
£172K	05/21	0.7 mi	32, Trevenen Road, Helston, Cornwall TR13 8AH	-	-	2	Terraced House
£225K	11/23	0.72 mi	20, Hawkins Way, Helston, Cornwall TR13 8FQ	£4,008	56	2	Terraced House
£225K	11/23	0.72 mi	20, Hawkins Way, Helston, Cornwall TR13 8FQ	£4,008	56	2	Terraced House
£215K	03/24	0.72 mi	17, Hawkins Way, Helston, Cornwall TR13 8FQ	£3,981	54	2	Terraced House
£150K	01/21	0.74 mi	12, Trengrouse Way, Helston, Cornwall TR13 8AF	£2,055	73	2	Semi-Detached House
£165K	06/21	0.75 mi	15, Kellaway Park, Helston, Cornwall TR13 8QU	£3,089	53	2	Terraced House
£136.5K	01/21	0.76 mi	26, Plover Avenue, Helston, Cornwall TR13 8FW	£1,796	76	2	Terraced House
£235K	12/20	0.82 mi	2, Penview Crescent, Helston, Cornwall TR13 8RX	£2,938	80	2	Detached House
£126.8K	11/21	0.84 mi	12, Tregarrick View, Helston, Cornwall TR13 8GU	£1,864	68	2	Terraced House
£157.5K	12/22	0.85 mi	55, Hellis Wartha, Helston, Cornwall TR13 8WE	£2,540	62	2	Terraced House

Local Rents

11 rents from £875/mo to £975/mo, average is £925/mo.

Rent	Date	Distance	Address	Beds	Type
£875	09/24	0.11 mi	Gweal Wartha, Helston	2	Terraced House
£925	09/24	0.27 mi	Orchard Close, Helston, Cornwall, TR13	2	Flat
£950	12/24	0.39 mi	-	2	Terraced House
£950	01/25	0.39 mi	-	2	Terraced House
£950	09/24	0.39 mi	Seneschall Park, Helston, TR13	2	Terraced House
£975	04/25	0.39 mi	-	2	Terraced House
£950	09/24	0.55 mi	Forth Gwedhen, Heslton	2	Detached House
£925	09/24	0.6 mi	Church Street, Helston, Cornwall	2	Terraced House
£925	09/24	0.7 mi	Five Wells Lane, Helston, Cornwall	2	Flat
£900	09/24	0.76 mi	Plover Avenue, Helston, Cornwall	2	Flat
£900	09/24	0.87 mi	Hellis Wartha, Helston, TR13	2	Detached House

Local Area Statistics

Population in TR13	19,80719,807
Population in Helston	29,28929,289
Town centre distance	0.90 miles away0.90 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	6.96 miles away6.96 miles away

Rental growth (12m)	-37%-37%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+30%+30%

Property History

Listed for £160,000

February 28, 2025

Description

END TERRACED HOUSE +
TWO BEDROOMS +
LARGE REAR GARDEN +
SINGLE GARAGE +
DOUBLE GLAZED AND GAS CENTRAL HEATING +
UNCONDITIONAL LIVESTREAM AUCTION TUESDAY 25th MARCH AT 14.00 +
LEGEAL PACK AVAILABLE TO DOWNLOAD FREE OF CHARGE +
SEE ADDITIONAL FEE NOTE +
EPC-TBC, COUNCIL TAX BAND B +
FREEHOLD +

GUIDE PRICE £160,000+ (plus fees). For Sale by Unconditional Livestream Auction Tuesday 25th March 2025 at 14.00. A two bedroom end of terrace property requiring light refurbishment with good size rear garden. Garage. Legal Pack via our website.

End of Terrace Property with Garage

A freehold end of terrace property with attached single garage and larger than average rear garden. Double Glazing & Gas Central Heating. The property is situated in Helston, close to local primary and secondary schools.

AUCTIONERS NOTE Please note, the property is timber framed construction which may limit lending options and we advise carrying out due diligence prior to bidding.

The property requires modernisation throughout.
FULL DETAILS Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.
VIEWINGS Please telephone Auction House South West on to request a viewing.
NOTICE TO BIDDER Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Tenure: Freehold

EPC Rating: EPC Rating TBC

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £300 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Mather Partnership, Helston

01326 332051

Next Steps?

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