3 Bed Bungalow, Cash/Bridging Only, Helston, TR13 0PU, £300,000

10 Penmeneth, Trewennack, TR13 0PU - 22 days ago

Cash
~96 m²
+7 photos

ValuationOvervalued

Sold Prices£186.5K - £405K
Sold Prices/m²£2.3K/m² - £4.3K/m²

 

 

Square Metres

~96.15 m²
Price/m²£3.1K/m²

Value Estimate

£291,283

 

 

End Value (After Refurb)

£312,135

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£42,171

Bridging Loan Interest

£7,875

Total Cash In

£147,996

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£312,135

Mortgage (After Refinance)

£234,101

Mortgage LTV

75%

Cash Released

£9,101

Cash Left In

£138,895

Equity

£78,034

Rent Range

£650 - £2,700

Rent Estimate

£1,299

Running Costs/mo

£1,255

Cashflow/mo

£44

Cashflow/yr

£525

ROI

0%

Gross Yield

5%

Local Sold Prices

33 sold prices from £186.5K to £405K, average is £245K. £2.3K/m² to £4.3K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£243.8K12/200.67 mi3, Forth Gwedhen, Helston, Cornwall TR13 8FL3
£249.9K02/230.71 mi9, Manor Close, Helston, Cornwall TR13 8LX3
£186.5K03/210.71 mi5, Manor Close, Helston, Cornwall TR13 8LX3
£187.5K01/210.71 mi14, Manor Close, Helston, Cornwall TR13 8LX3
£198.5K12/200.71 mi19, Manor Close, Helston, Cornwall TR13 8LX3
£235K11/200.71 mi26, Roskilling Wartha, Helston, Cornwall TR13 8LY3
£372K03/210.73 mi11, Century Close, Helston, Cornwall TR13 8FE3
£282.5K02/240.74 mi18, Parc Holland, Helston, Cornwall TR13 8GR3
£255K11/210.74 mi4, Tremenheere Avenue, Helston, Cornwall TR13 8SY3
£369.6K02/230.76 mi20, Barton Close, Helston, Cornwall TR13 8LL3
£337K03/210.77 mi12, East Close, Helston, Cornwall TR13 8LG3
£300K03/230.8 mi21, Manaton Close, Helston, Cornwall TR13 8GB3
£229K04/210.8 mi2, Manaton Close, Helston, Cornwall TR13 8GB3
£230K11/220.8 mi17, Manaton Close, Helston, Cornwall TR13 8GB3
£270K12/230.8 mi18, Manaton Close, Helston, Cornwall TR13 8GB3
£245K05/210.81 mi16, Roskruge Close, Helston, Cornwall TR13 8GL3
£220K04/210.83 mi116, Tremenheere Avenue, Helston, Cornwall TR13 8TR3
£405K06/230.84 mi22, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£250K03/210.84 mi3, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£260K10/210.84 mi47, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£355K11/220.84 mi1, Trenethick Avenue, Helston, Cornwall TR13 8LU3
£239K10/200.85 mi10, Roskilling, Helston, Cornwall TR13 8JY3
£195K10/200.85 mi4, Trenethick Parc, Helston, Cornwall TR13 8LH3
£245K05/240.85 mi15, Trenethick Parc, Helston, Cornwall TR13 8LH3
£230K10/200.87 mi37, Trenethick Parc, Helston, Cornwall TR13 8LT3
£212K04/210.88 mi15, Seneschall Park, Helston, Cornwall TR13 8GA3
£230K08/210.89 mi75, Trenethick Parc, Helston, Cornwall TR13 8LT3
£250K09/230.93 mi104, Hellis Wartha, Helston, Cornwall TR13 8WF3
£250K05/210.93 mi93, Hellis Wartha, Helston, Cornwall TR13 8WF3
£265K03/210.93 mi113, Hellis Wartha, Helston, Cornwall TR13 8WF3
£220K02/210.93 mi7, West Close, Helston, Cornwall TR13 8LD3
£230K03/210.95 mi28, Hellis Wartha, Helston, Cornwall TR13 8WE3
£275K03/230.98 mi18, Turnpike, Helston, Cornwall TR13 8LR3

Local Rents

42 rents from £650/mo to £2.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95009/240.67 miForth Gwedhen, Heslton2
£90009/240.77 miPlover Avenue, Helston, Cornwall2
£2,00002/240.78 mi-4
£1,60001/250.78 mi-4
£1,40009/240.84 miTrenithick Avenue, Helston, TR135
£1,80009/240.84 miFalmouth Road, Helston5
£1,45009/240.84 miFalmouth Road, Helston3
£1,35009/240.84 miFalmouth Road, Helston3
£1,45009/240.85 miFalmouth Road, Helston3
£1,80009/240.85 miFalmouth Road, Helston5
£1,80009/240.87 miFalmouth Road, Helston5
£97509/240.87 mi-2
£95012/240.87 mi-2
£95001/250.87 mi-2
£95009/240.87 miSeneschall Park, Helston, TR132
£1,35009/240.9 miFalmouth Road, Helston3
£1,35009/240.91 miFalmouth Road, Helston3
£90009/240.95 miHellis Wartha, Helston, TR132
£75009/241.02 miCrosswalla Fields, Helston1
£80003/251.12 mi-1
£1,17509/241.23 mi-3
£1,20003/251.23 mi-3
£1,20010/241.24 mi-3
£87509/241.25 miGweal Wartha, Helston2
£75009/241.26 mi-1
£1,99509/241.31 miWendron, Helston5
£1,30003/251.38 mi-3
£92509/241.41 miOrchard Close, Helston, Cornwall, TR132
£92509/241.42 miChurch Street, Helston, Cornwall2
£1,60002/241.47 mi-4
£92509/241.5 miFive Wells Lane, Helston, Cornwall2
£75005/241.6 mi-1
£65007/241.62 mi-1
£1,50012/241.96 mi-3
£1,00003/251.99 mi-1
£2,10011/242.01 mi-4
£2,25009/242.05 mi-3
£2,70010/242.05 mi-3
£95003/252.07 mi-3
£1,60009/242.08 mi-2
£1,40001/252.21 mi-1
£1,30002/252.21 mi-1

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

1.40 miles away

Nearest school

0.80 miles away

Nearest train station

7.15 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £300,000

March 17, 2025

Floor Plans

Description

  • THREE BEDROOM DETACHED BUNGALOW +
  • VILLAGE LOCATION +
  • GARAGE AND DRIVEWAY +
  • COUNTRYSIDE VIEWS +
  • GARDENS TO THREE SIDES OF THE PROPERTY +
  • OIL FIRED CENTRAL HEATING +

Situated in the rural Cornish hamlet of Trewennack, close to the market town of Helston, is this three bedroom, detached bungalow. The residence, which benefits from oil fired central heating and double glazing, is well proportioned and enjoys views to open countryside. To the outside there is a driveway which leads to a garage and pleasant gardens surround the property on three sides.

In brief, the accommodation comprises a hall, lounge, kitchen/diner, bathroom and three bedrooms.

An opportunity to purchase a three bedroom detached bungalow in the Cornish hamlet of Trewennack.

THE ACCOMMODATION COMPRISES (DIMENSIONS APPROX)

Steps up and door to;

HALL
With doors to various rooms and access to the loft which is boarded being ideal for storage.

LOUNGE
4.19m x 3.35m (13'9" x 11')
With outlook to the side and having a feature fireplace with hearth and mantel over (not in working order).

KITCHEN/DINER
5.94m x 2.97m (average measurements) (19'6" x 9'9" (average measurements))
Comprising working top surfaces incorporating a sink unit with drainer and mixer tap over, cupboards and drawers under. There is a built-in oven and space for a fridge/freezer, fridge and the room houses the boiler. There are partially tiled walls, an island bar and outlook to the side.

Door to;

REAR PORCH
2.90m x 1.22m (9'6" x 4')
Steps down and an outlook with door to the rear garden. There is a tiled floor and space for a washing machine.

BATHROOM
Comprising bath with mixer tap and shower over, close coupled w.c., with concealed cistern and a wash basin with surround and mixer tap over with cupboards under. There is a towel rail and a frosted window to the rear.

BEDROOM ONE
3.05m x 3.66m (10' x 12')
Outlook to the side, over the garden and across the open countryside.

W.C.
Comprising close coupled w.c. and a pedestal wash hand basin. There are partially tiled walls and a frosted window to the side. There is access to the loft.

BEDROOM TWO
2.82m x 2.74m (9'3" x 9')
Outlook to the front.

BEDROOM THREE
2.74m x 2.59m (plus door recess) (9' x 8'6" (plus door recess))
Outlook to the front to open countryside.

GARAGE
With up and over door and power.

OUTSIDE
To the outside there is a driveway which leads to a garage and pleasant gardens surround the property on three sides.

AGENTS NOTE
We are advised that the property has private drainage which is shared with a number of other properties within the same cul-de-sac.

SERVICES
Mains electricity and water. Oil fired central heating.

COUNCIL TAX
Council Tax Band C

MOBILE AND BROADBAND
For more information regarding the mobile and broadband services to this property please see 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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