2 Bed Terraced House, Cash/Bridging Only, Helston, TR13 9DG, £260,000

49 Thomas Street, Porthleven, TR13 9DG - a month ago

Cash
59 m²
+9 photos

ValuationFair Value

Sold Prices£160K - £490K
Sold Prices/m²£2.1K/m² - £8.5K/m²

 

 

Square Metres

59 m²
Price/m²£4.4K/m²

Value Estimate

£262,600

 

 

End Value (After Refurb)

£258,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£25,877

Bridging Loan Interest

£6,825

Total Cash In

£114,152

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£258,375

Mortgage (After Refinance)

£193,781

Mortgage LTV

75%

Cash Left In

£114,152

Equity

£64,594

Rent Range

£650 - £1,600

Rent Estimate

£1,020

Running Costs/mo

£1,031

Cashflow/mo

£-11

Cashflow/yr

£-137

Gross Yield

5%

Local Sold Prices

28 sold prices from £160K to £490K, average is £292.5K. £2.1K/m² to £8.5K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£220K12/200 mi15, Thomas Street, Porthleven, Helston, Cornwall TR13 9DG2
£230K07/230.02 mi9, Thomas Terrace, Porthleven, Helston, Cornwall TR13 9DE2
£300K12/220.04 mi7a, The Gue, Porthleven, Helston, Cornwall TR13 9DN2
£400K07/210.04 mi8, The Gue, Porthleven, Helston, Cornwall TR13 9DN2
£255K04/210.06 miChy An Mor, The Gue, Porthleven, Helston, Cornwall TR13 9HX2
£330K11/210.07 mi13, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB2
£326K12/230.07 mi13, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB2
£320K12/220.09 miAnchorage, Unity Road, Porthleven, Helston, Cornwall TR13 9DA2
£345K12/200.12 mi8, Balfield Road, Porthleven, Helston, Cornwall TR13 9BQ2
£395K03/240.16 mi11, St Pirans Parc, Porthleven, Helston, Cornwall TR13 9BD2
£490K05/240.26 miSailaway Cottage, Institute Hill, Porthleven, Helston, Cornwall TR13 9DW2
£257K06/230.31 mi14, South View, Porthleven, Helston, Cornwall TR13 9LS2
£425K11/210.32 miTamarisk, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9EL2
£240K11/230.35 mi9, West View, Porthleven, Helston, Cornwall TR13 9LN2
£285K11/200.36 mi7, Penponds Road, Porthleven, Helston, Cornwall TR13 9LL2
£331K04/240.36 mi46, Penponds Road, Porthleven, Helston, Cornwall TR13 9LL2
£235K04/210.37 mi48, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP2
£422K12/200.39 miMariners 2, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9ER2
£350K11/210.42 mi7, Treza Road, Porthleven, Helston, Cornwall TR13 9NB2
£350K11/211.74 mi1, Castel Wary Close, Helston, Cornwall TR13 8SF2
£250K11/201.75 mi23, Coulthard Drive, Breage, Helston, Cornwall TR13 9PF2
£225.8K04/231.84 mi5, Furry Way, Helston, Cornwall TR13 8SN2
£250K05/231.85 miThe Little House, St Johns Road, Helston, Cornwall TR13 8HW2
£212K10/231.89 mi3, Nettles Hill, Helston, Cornwall TR13 8HD2
£160K01/241.92 mi15, Lady Street, Helston, Cornwall TR13 8NA2
£191.5K06/211.93 mi12, Cross Street, Helston, Cornwall TR13 8NG2
£332.4K03/231.95 mi2, Reppersfield Row, Breage, Helston, Cornwall TR13 9PG2
£235K12/201.98 mi2, Penview Crescent, Helston, Cornwall TR13 8RX2

Local Rents

19 rents from £650/mo to £1.6K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,20004/250.04 mi-3
£1,20004/250.04 mi-3
£1,25004/250.05 mi-3
£89507/240.09 mi-1
£75003/250.22 mi-2
£65006/241.85 mi-1
£75005/241.87 mi-1
£1,00004/241.95 mi-2
£92509/241.96 miFive Wells Lane, Helston, Cornwall2
£1,60002/242.04 mi-4
£92509/242.04 miChurch Street, Helston, Cornwall2
£75009/242.2 mi-1
£1,30003/252.21 mi-3
£92509/242.21 miOrchard Close, Helston, Cornwall, TR132
£1,20010/242.23 mi-3
£1,35009/242.31 miFalmouth Road, Helston3
£1,17509/242.37 mi-3
£1,20004/252.37 mi-3
£75009/242.46 miCrosswalla Fields, Helston1

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

2.12 miles away

Nearest school

0.40 miles away

Nearest train station

8.28 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £260,000

March 22, 2025

Floor Plans

Description

  • CHARACTER END OF TERRACE COTTAGE +
  • THE RESIDENCE RETAINS MANY PERIOD FEATURES +
  • SUNDECK +
  • THE ACCOMMODATION IS ARRANGED OVER THREE LEVELS +
  • GOOD SIZED SHED +
  • SITUATED A SHORT DISTANCE FROM THE BUSTLING HARBOUR +
  • PORTHLEVEN IS A VIBRANT, PICTURESQUE FISHING VILLAGE +

Situated a short distance from the bustling harbour, with all of its amenities, is this character end of terrace cottage. The residence retains many period features, from beamed ceilings to a Cornish "old fashioned" range (which is not in working order) and attractive local stone fascade. Benefits include double glazing and electric heating. A real feature of the property is the sundeck which can be accessed from the lounge and would seem ideal for al fresco dining.

In brief, the accommodation is arranged over three levels and comprises, on the first floor of a lounge. On the ground floor, a kitchen diner, rear hall and a bathroom. On the second floor are two bedrooms. To the outside is a good sized shed.

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.

An opportunity to purchase a two bedroom, end of terrace cottage with much charm and character in the heart of the popular Cornish fishing village of Porthleven.
Rooms and paragraphs

THE ACCOMMODATION COMPRISES ( all dimensions being

DOOR TO ENTRANCE AREA

ENTRANCE AREA
With door to the lounge.

LOUNGE
4.65m x 3.58m (minus door recess) (15'3" x 11'9" (minus door recess))
A characterful room with a bay window, beamed ceiling and a feature fireplace with a wood burner on a stone hearth. There is alcove shelving to either side of the fire.

STAIRS
Ascend to the first floor, door and steps descend to the ground floor and there is door to the outside raised terrace area.

FIRST FLOOR

LANDING
With doors to the two bedrooms.

BEDROOM ONE
3.58m (narrowing to 2.82m) x 2.82m (plus bay window (11'9" (narrowing to 9'3") x 9'3" (plus bay window))
Having a bay window and a wardrobe.

BEDROOM TWO
2.29m x 1.91m (7'6" x 6'3")
With an outlook to the front.

GROUND FLOOR
We are advised that the Kitchen/Diner, Hall and Bathroom on this level benefit from underfloor heating.

KITCHEN/DINER
4.57m x 3.58m (15' x 11'9")
A good sized room comprising working top surfaces, incorporating a ceramic sink unit with a mixer tap over and with cupboards under. There is space for a range of utilities and space for a range style oven, with built-in hood over. The room has a tiled floor, partially tiled walls, beamed ceiling, an outlook to the rear and a Cornish old fashioned range (not in working order).

HALL
Having a tiled floor, stable style door to the outside, built-in cupboard, housing a water tank with immersion heater. Door to bathroom.

BATHROOM
Comprising a bath, with mixer tap and a shower over. Close coupled w.c. and a pedestal wash basin with mixer tap over it. There is a frosted window to the side, a tiled floor and partially tiled walls.

SERVICES
Mains electricity, water and drainage.

DIRECTIONS
From our Porthleven office, proceed up Fore Street and at the top of the road, following the road around to the right and take the steep right hand turn down into Thomas Terrace. Upon entering Thomas Terrace, turn immediately right into Thomas Street. The property will be found after a short distance on your right hand side.

VIEWING
To view this property, or any other property we are offering for sale, please call the number on the reverse of the details.

COUNCIL TAX
Council tax bank B.

MOBILE AND BROADBAND
For more information on broadband and mobile services to the property please see 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.

CONSERVATION AREA
We understand this property is located in a conservation area. For details of conservation areas visit Cornwall Mapping and use the Council's interactive map.

AGENTS NOTE ONE
We are advised that the lane to the rear of the property has a right of way over in favour of neighbouring properties.

AGENTS NOTE TWO
We are advised that the area to the side of the property has a right of way over in favour of number 49 Thomas Street.

Agent Details

Christophers, Helston

01326 331637

Next Steps?

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