3 Bed Bungalow, Refurb/BRRR, Hayle, TR27 5HF, £325,000

24 Relistian Park, Gwinear, Reawla, Cornwall, TR27 5HF - 2 views - 25 days ago

Sold STC
Refurb/BRRR
ROI: 2%
82 m²
+4 photos

ValuationOvervalued

Sold Prices£164K - £505K
Sold Prices/m²£2.3K/m² - £5.6K/m²

 

 

Square Metres

82 m²
Price/m²£4K/m²

Value Estimate

£232,050

 

 

End Value (After Refurb)

£272,485

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£35,780

Bridging Loan Interest

£8,531

Total Cash In

£148,511

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£272,485

Mortgage (After Refinance)

£204,364

Mortgage LTV

75%

Cash Left In

£148,511

Equity

£68,121

Rent Range

£650 - £4,695

Rent Estimate

£1,323

Running Costs/mo

£1,136

Cashflow/mo

£187

Cashflow/yr

£2,243

ROI

2%

Gross Yield

5%

Local Sold Prices

36 sold prices from £164K to £505K, average is £277.5K. £2.3K/m² to £5.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£282.5K10/230.01 mi10, Relistian Park, Gwinear, Hayle, Cornwall TR27 5HF3
£215K05/210.13 mi11, Lemin Parc, Gwinear, Hayle, Cornwall TR27 5HJ3
£228K04/210.13 mi17, Lemin Parc, Gwinear, Hayle, Cornwall TR27 5HJ3
£220K02/240.16 mi39, Pen Tye, Gwinear, Hayle, Cornwall TR27 5HL3
£280K10/200.25 mi23, Cober Crescent, Gwinear, Hayle, Cornwall TR27 5HB3
£202.5K03/240.3 mi7, Wall Road, Gwinear, Hayle, Cornwall TR27 5HA3
£275K03/210.3 miFoxland, Wall Road, Gwinear, Hayle, Cornwall TR27 5HA3
£300K12/230.71 mi2, Gwinear Lane, Gwinear, Hayle, Cornwall TR27 5LA3
£270K03/241.07 mi3, Penhale Road, Carnhell Green, Camborne, Cornwall TR14 0LT3
£475K10/211.2 miThe Brambles, Carsize Lane, Leedstown, Hayle, Cornwall TR27 6EN3
£240K01/231.24 mi2, Trenerth Cottages, Leedstown, Hayle, Cornwall TR27 6DG3
£244K08/221.25 mi2, The Square, Leedstown, Hayle, Cornwall TR27 6DA3
£325K01/241.31 miHomefield House, Chapel Road, Leedstown, Hayle, Cornwall TR27 6BA3
£205K04/211.36 mi17, Rosewarne Park, Connor Downs, Hayle, Cornwall TR27 5LJ3
£182.5K12/201.36 mi24, Rosewarne Park, Connor Downs, Hayle, Cornwall TR27 5LJ3
£240K07/231.36 mi22, Rosewarne Park, Connor Downs, Hayle, Cornwall TR27 5LJ3
£505K02/241.38 miWellyn, Horsedowns Road, Leedstown, Hayle, Cornwall TR27 6BS3
£280K12/201.54 mi21, Back Lane, Angarrack, Hayle, Cornwall TR27 5JE3
£240K06/211.54 mi10, Back Lane, Angarrack, Hayle, Cornwall TR27 5JE3
£420K11/231.55 miThe Willows, Riverside, Angarrack, Hayle, Cornwall TR27 5JD3
£430K12/201.63 mi34, Steamers Hill, Angarrack, Hayle, Cornwall TR27 5JB3
£360K02/231.67 mi15, Steamers Hill, Angarrack, Hayle, Cornwall TR27 5JB3
£415K07/231.72 mi4, Carwinard Close, Angarrack, Hayle, Cornwall TR27 5JA3
£350.5K06/211.76 mi3, Tresdale Parc, Connor Downs, Hayle, Cornwall TR27 5DX3
£273K04/211.76 mi29, Tresdale Parc, Connor Downs, Hayle, Cornwall TR27 5DX3
£275K03/231.76 mi12, Tresdale Parc, Connor Downs, Hayle, Cornwall TR27 5DX3
£315K06/211.77 mi24, Horsepool Road, Connor Downs, Hayle, Cornwall TR27 5DZ3
£220K10/211.79 mi1, Arundel Court, Connor Downs, Hayle, Cornwall TR27 5EH3
£464.1K02/211.81 mi5, Coswinsawsin Lane, Carnhell Green, Camborne, Cornwall TR14 0LW3
£267K07/221.82 mi44a, Turnpike Road, Connor Downs, Hayle, Cornwall TR27 5DT3
£164K02/211.84 mi7, Turnpike Road, Connor Downs, Hayle, Cornwall TR27 5DT3
£410K11/221.86 mi8, Greenbank, Connor Downs, Hayle, Cornwall TR27 5DA3
£440K05/231.88 mi5, Greenbank, Connor Downs, Hayle, Cornwall TR27 5DA3
£450K11/231.9 miCrowjy, Connor Hill, Connor Downs, Hayle, Cornwall TR27 5DW3
£320K04/212 miThe Barns, Trevarnon Lane, Connor Downs, Hayle, Cornwall TR27 5DL3
£273K11/232 mi25, Trevarnon Lane, Connor Downs, Hayle, Cornwall TR27 5DL3

Local Rents

26 rents from £650/mo to £4.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,30010/240.21 miGwinear3
£99710/240.7 mi-1
£85004/250.81 mi-1
£1,25001/241.14 mi-3
£1,40010/241.84 miWilloughby Way, Connor Downs, Hayle3
£85006/242.01 mi-2
£65009/242.04 miFore Street, Praze, Camborne, Cornwall1
£1,27508/242.1 mi-3
£1,30002/242.1 mi-3
£1,40011/232.24 mi-1
£1,40002/252.24 mi-1
£1,15009/242.26 mi-3
£1,10010/242.27 miHayle. TR27 4FT2
£1,70010/242.38 miFairglen, Hayle4
£1,30009/242.39 mi-3
£1,30010/242.39 miTownshend, Hayle3
£85012/242.41 mi-2
£77511/242.41 mi-1
£77503/252.41 mi-1
£1,30010/242.42 mi-3
£3,78510/242.45 mi-3
£4,69502/242.45 mi-3
£79510/242.47 mi-2
£66510/242.47 mi-1
£74512/242.47 mi-1
£79512/242.47 mi-2

Local Area Statistics

Population in TR27

14,776

Town centre distance

2.54 miles away

Nearest school

0.70 miles away

Nearest train station

2.83 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Buyer's market

Capital growth (5yrs)

+43%

Property History

Listed for £325,000

March 17, 2025

Floor Plans

Description

  • THREE BEDROOMS +
  • LOUNGE +
  • KITCHEN +
  • SEPARATE DINING ROOM +
  • WET ROOM +
  • BATHROOM WITH SEPARATE WC +
  • AMPLE PARKING +
  • LARGER THAN AVERAGE GARDEN * WORKSHOP * SEVERAL SHEDS +
  • NO ONWARD CHAIN +
  • EPC = D * COUNCIL TAX BAND = D +

This three bedroom detached bungalow is in need of updating throughout but offers spacious accommodation and benefits from a large garden to the side and rear. With ample parking and workshop, located in this popular village within easy reach of all major towns and the coast. The property has a large loft space which, subject to any necessary planning consents, could be used to create further accommodation. An individual bungalow at the head of this cul-du-sac, that does need to be viewed internally to fully appreciate the size and scope of accommodation. 

Property additional info

Double glazed door to:

KITCHEN: 10' 11" x 9' 8" (3.33m x 2.95m)
With double glazed window to the front, stainless steel double sink unit with mixer tap and drainer, a range of wall and base cupboards, airing cupboard housing the hot water cylinder.

INNER HALLWAY:
With access to the loft and storage cupboard.

BATHROOM:
With panelled bath, wash hand basin, opaque double glazed window to the front, complementary tiling.

SEPARATE WC:
With opaque double glazed window to the front.

LOUNGE: 16' 9" x 10' 10" (5.11m x 3.30m)
Double glazed window to the rear, double glazed door to the rear, wood burner on granite surround and hearth with built in shelving.

BEDROOM ONE: 11' 10" x 10' 10" (3.61m x 3.30m)
Double glazed window to the rear, storage heater.

DINING ROOM: 10' 0" x 9' 8" (3.05m x 2.95m)
Double glazed window to the front.

SECOND INNER HALLWAY:
With access to the loft.

BEDROOM TWO: 12' 1" x 9' 11" (3.68m x 3.02m)
Double glazed window to the rear, pleasant outlook over the garden, built in mirrored wardrobe range.

BEDROOM THREE: 12' 0" x 6' 9" (3.66m x 2.06m)
Double glazed window to the front, storage heater, shelving.

WET ROOM: 6' 10" x 3' 5" (2.08m x 1.04m)
With wall mounted shower unit, vanity sink, fully tiled walls and floor.

OUTSIDE:
To the front of the property there is a driveway with parking for several vehicles leading to:

WORKSHOP:
With wooden doors, double glazed door and window to the side, power and light.

The front garden is laid to lawn with fence and hedge border, outside tap. The side and rear gardens are of an above average size, laid to lawn, with a fruit orchard, vegetable patch, green house and various sheds, all with power and light. The gardens of this property do need to be viewed to be fully appreciated.

AGENTS NOTE:
We understand from Openreach website that Superfast Fibre Broadband (FTTC) might be available to the property. We tested the phone signal for EE and O2 which was good. The property is built of block under a tiled roof.

Agent Details

Marshalls Estate Agents, Penzance

01736 808705

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪