3 Bed Terraced House, Cash/Bridging Only, Helston, TR13 9BE, £225,000

Porthleven TR13 9BE - 2 months ago

Under Offer
Cash
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£210K - £650K
Sold Prices/m²£2.5K/m² - £6.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£231,750
BMV3%

 

 

End Value (After Refurb)

£341,226

Uplift in Value

+52%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£14,450

Refurb Costs

£40,789

Bridging Loan Interest

£5,906

Total Cash In

£119,146

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£341,226

Agent Fees (1%)

£3,412

Bridging Loan

£168,750

Bridging Loan Interest

£5,906

Flip Profit

£49,918

Local Sold Prices

41 sold prices from £210K to £650K, average is £335K. £2.5K/m² to £6.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£220K02/240.02 mi21, Wheal Rose, Porthleven, Helston, Cornwall TR13 9AS3
£285K05/240.06 mi80, Wheal Rose, Porthleven, Helston, Cornwall TR13 9AT3
£250K12/230.09 mi9, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£230K12/200.09 mi1, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£350K04/230.09 mi14, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£300K11/200.1 mi2, Warren Close, Porthleven, Helston, Cornwall TR13 9BL3
£210K07/210.14 mi21, Parc An Maen, Porthleven, Helston, Cornwall TR13 9AU3
£320K03/240.14 mi13, Parc An Maen, Porthleven, Helston, Cornwall TR13 9AU3
£338.2K12/200.15 mi11, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£279.5K05/230.16 mi19, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£278K12/230.16 mi17, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£465K03/240.2 mi29, St Pirans Parc, Porthleven, Helston, Cornwall TR13 9BD3
£515K02/230.2 mi25, St Pirans Parc, Porthleven, Helston, Cornwall TR13 9BD3
£235K04/210.2 mi9, Tor Close, Porthleven, Helston, Cornwall TR13 9AE3
£322.5K06/230.23 miLyndhurst, Thomas Terrace, Porthleven, Helston, Cornwall TR13 9DE3
£465K12/210.24 mi10, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB3
£372.5K10/220.24 mi4, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB3
£262.5K09/230.24 mi22, Gibson Way, Porthleven, Helston, Cornwall TR13 9AW3
£281.5K11/220.24 mi10, Wellington Terrace, Porthleven, Helston, Cornwall TR13 9HU3
£327.5K04/210.24 mi10, Peverell Road, Porthleven, Helston, Cornwall TR13 9DH3
£257K12/200.24 mi6, Peverell Road, Porthleven, Helston, Cornwall TR13 9DH3
£420K06/210.25 mi43, St Peters Way, Porthleven, Helston, Cornwall TR13 9AZ3
£265K05/210.26 mi5, Wellington Terrace, Porthleven, Helston, Cornwall TR13 9HU3
£360K03/230.27 mi6, Bickford Crescent, Porthleven, Helston, Cornwall TR13 9AG3
£370K08/230.28 mi61, St Peters Way, Porthleven, Helston, Cornwall TR13 9BB3
£445K03/240.35 mi5, Reeves Close, Porthleven, Helston, Cornwall TR13 9PB3
£495K07/230.35 mi3, Reeves Close, Porthleven, Helston, Cornwall TR13 9PB3
£499.9K08/230.38 mi4, Praze Road, Porthleven, Helston, Cornwall TR13 9LR3
£472.5K12/200.39 miNeptune House, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9ER3
£455K10/230.39 mi4, Bay View Terrace, Porthleven, Helston, Cornwall TR13 9JQ3
£260K06/230.45 mi12, South View, Porthleven, Helston, Cornwall TR13 9LS3
£650K12/200.45 miLodge House, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9ES3
£390K07/230.46 mi3, Mill Close, Porthleven, Helston, Cornwall TR13 9LH3
£430K01/210.5 mi14, Claremont Terrace, Porthleven, Helston, Cornwall TR13 9JU3
£275K05/210.5 mi39, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£292K03/210.5 mi29, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£455K07/230.5 mi51, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£335K08/230.51 mi15, West View, Porthleven, Helston, Cornwall TR13 9LN3
£359.5K03/230.51 mi22, West View, Porthleven, Helston, Cornwall TR13 9LN3
£300K08/220.51 mi7, West View, Porthleven, Helston, Cornwall TR13 9LN3
£440K11/220.59 mi10, St Elvan Crescent, Porthleven, Helston, Cornwall TR13 9NA3

Local Rents

29 rents from £650/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25004/250.22 mi-3
£1,20004/250.23 mi-3
£1,20004/250.23 mi-3
£89507/240.33 mi-1
£75003/250.45 mi-2
£65006/241.67 mi-1
£75005/241.69 mi-1
£92509/241.77 miFive Wells Lane, Helston, Cornwall2
£92509/241.86 miChurch Street, Helston, Cornwall2
£1,60002/241.87 mi-4
£75009/242.01 mi-1
£1,20010/242.04 mi-3
£1,30003/252.05 mi-3
£92509/242.06 miOrchard Close, Helston, Cornwall, TR132
£1,00004/242.09 mi-2
£1,17509/242.21 mi-3
£1,20004/252.21 mi-3
£75009/242.27 miCrosswalla Fields, Helston1
£87509/242.34 miGweal Wartha, Helston2
£90009/242.38 miHellis Wartha, Helston, TR132
£1,35009/242.38 miFalmouth Road, Helston3
£1,35009/242.38 miFalmouth Road, Helston3
£1,80009/242.42 miFalmouth Road, Helston5
£1,80009/242.43 miFalmouth Road, Helston5
£1,45009/242.44 miFalmouth Road, Helston3
£1,80009/242.45 miFalmouth Road, Helston5
£1,45009/242.45 miFalmouth Road, Helston3
£1,35009/242.45 miFalmouth Road, Helston3
£80003/252.45 mi-1

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

1.91 miles away

Nearest school

0.40 miles away

Nearest train station

8.46 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £225,000

March 10, 2025

Description

  • TERRACED FAMILY HOUSE +
  • SITUATED ON THE OUTSKIRTS OF THE CORNISH VILLAGE OF PORTHLEVEN +
  • GREATLY ENHANCED BY THE CURRENT OWNERS +
  • PLEASANT GARDENS TO BOTH THE FRONT AND REAR +

Situated on the outskirts of the Cornish fishing village of Porthleven and benefitting from oil fired central heating and double glazing, is this three bedroom, terraced family house. The well proportioned property, which has been greatly enhanced by the current owners, enjoys views towards open countryside and has pleasant gardens to both the front and rear.

In brief, the accommodation comprises an entrance porch, hall, kitchen/diner, lounge and completing the ground floor, a rear porch. On the first floor is a shower room and three bedrooms.

Porthleven is a vibrant, picturesque fishing village and mainland Britain's most southerly port. The village is renowned for its many highly regarded restaurants, long beach, surfing, rugged coastline and clifftop walks. Community groups are thriving within the village with sports' clubs and a prize-winning brass band which can be heard echoing around the harbour on many a summer's Sunday evening.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)
Steps up and door to entrance porch.

ENTRANCE PORCH
With frosted windows, a tiled floor and door to hall.

HALL
With stairs to the first floor, door to the kitchen/diner and door to lounge.

LOUNGE 4.72m x 3.66m (15'6" x 12')
With outlook to the front and having a mock fireplace which acts as a focal point for the room and houses an electric fire. Door to rear porch.

REAR PORCH
With tiled floor, frosted window, having coat hooks and door to the outside.

KITCHEN/DINER 4.11m x 2.90m (13'6" x 9'6")
Comprising working top surfaces, incorporating a circular sink unit with drainer and mixer tap over, cupboards and drawers under and wall cupboards over. There is space for a washing machine, dishwasher and fridge freezer, whilst there is a built-in oven and hob with hood over. The room has an outlook to the front, over other properties, towards open countryside. There are partially tiled walls and a built-in cupboard which houses the boiler.

STAIRS AND LANDING
With access to the loft, airing cupboard, door to all bedrooms and door to shower room.

SHOWER ROOM
Comprising a close coupled w.c., pedestal wash basin and a walk-in shower with both rain and flexible shower heads. There is a heated towel rail and frosted windows to the front.

BEDROOM ONE 3.81m x 2.67m (12'6" x 8'9")
Outlook to the rear and towards open countryside.

BEDROOM TWO 3.51m x 2.06m (11'6" x 6'9")
Outlook to the front, over other properties, towards open countryside and Tregonning Hill in the distance. There is a built-in wardrobe.

BEDROOM THREE 2.74m x 1.91m (9' x 6'3")
Outlook to the rear and open countryside.

OUTSIDE
There are gardens to the front and rear, with the front garden being mainly stone chipped with a small pleasant patio area. The rear garden comprises of a further patio area and stone chip areas which would seem ideal for al fresco dining and entertaining. The rear garden also provides an out building which houses the oil tank and provides very useful storage.

AGENTS NOTE ONE
We are advised that purchasers need to have lived and worked in Cornwall for the last three years.

AGENTS NOTE TWO
Under the terms of the Estate Agents Act 1979, we point out that the owner of this property is related to the Directors of Christophers Estate Agents.

COUNCIL TAX
Council Tax Band B.

MOBILE AND BROADBAND
To check the broadband and mobile coverage for this property please refer to the attached brochure.

ANTI-MONEY LAUNDERING
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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