4 Bed Detached House, Refurb/BRRR, Helston, TR13 8NN, £425,000

Church Hill, HELSTON, Cornwall, TR13 8NN - 20 days ago

Sold STC
Auction
Refurb/BRRR
~129 m²
+11 photos

ValuationOvervalued

Sold Prices£220K - £679.1K
Sold Prices/m²£2.2K/m² - £4.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.3K/m²

Value Estimate

£379,186

 

 

End Value (After Refurb)

£398,675

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£56,692

Bridging Loan Interest

£11,156

Total Cash In

£207,048

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£398,675

Mortgage (After Refinance)

£299,006

Mortgage LTV

75%

Cash Left In

£207,048

Equity

£99,669

Rent Range

£1,175 - £1,800

Rent Estimate

£1,448

Running Costs/mo

£1,555

Cashflow/mo

£-107

Cashflow/yr

£-1,290

Gross Yield

4%

Local Sold Prices

37 sold prices from £220K to £679.1K, average is £365K. £2.2K/m² to £4.4K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£365K01/240.09 mi43, Church Street, Helston, Cornwall TR13 8NJ4
£345K08/230.13 mi1, Tenderah Road, Helston, Cornwall TR13 8NT4
£330K01/210.13 mi60, Tenderah Road, Helston, Cornwall TR13 8NT4
£265K10/200.13 mi16, Cades Parc, Helston, Cornwall TR13 8QS4
£407.5K10/230.18 mi3, The Paddock, Helston, Cornwall TR13 8NS4
£380K06/210.18 mi1, The Paddock, Helston, Cornwall TR13 8NS4
£249.9K09/210.19 mi24, Godolphin Road, Helston, Cornwall TR13 8PY4
£420K11/200.24 mi29, Gwealhellis Warren, Helston, Cornwall TR13 8PQ4
£550K10/230.25 mi40a, Coinagehall Street, Helston, Cornwall TR13 8EQ4
£570K11/220.29 mi8, St Johns Close, Helston, Cornwall TR13 8HQ4
£375K12/200.34 mi57, Orchard Close, Helston, Cornwall TR13 8UT4
£410K06/210.35 miOwl Cottage, Old Hill, Helston, Cornwall TR13 8HT4
£309.9K03/210.42 mi19, Tregarrick Close, Helston, Cornwall TR13 8YA4
£220K02/210.42 miKyleveneth, 17, Tregarrick Close, Helston, Cornwall TR13 8YA4
£330K03/210.49 mi3, Parc Ledrak, Helston, Cornwall TR13 0QL4
£320K03/210.53 mi69, Gweal Wartha, Helston, Cornwall TR13 0SN4
£287.5K06/210.53 mi58, Gweal Wartha, Helston, Cornwall TR13 0SN4
£679.1K04/230.55 miThistledown Barn, Newham Lane, Newham, Helston, Cornwall TR13 0SA4
£380K12/210.57 mi63, Bosnoweth, Helston, Cornwall TR13 8FR4
£400K09/210.57 mi72, Bosnoweth, Helston, Cornwall TR13 8FR4
£387.5K12/200.57 mi44, Bosnoweth, Helston, Cornwall TR13 8FR4
£420K02/230.58 mi87, Hawkins Way, Helston, Cornwall TR13 8FQ4
£315K11/220.59 mi157, Pendeen Park, Helston, Cornwall TR13 0SL4
£325K02/210.59 mi107, Pendeen Park, Helston, Cornwall TR13 0SL4
£268.5K02/210.6 mi19, Nanscober Place, Helston, Cornwall TR13 0SP4
£321K02/240.6 mi7, Nanscober Place, Helston, Cornwall TR13 0SP4
£295K02/210.63 mi153, Hellis Wartha, Helston, Cornwall TR13 8WF4
£350K04/210.63 mi34, Bosnoweth, Helston, Cornwall TR13 8FP4
£390K11/200.65 miPenolva House, 38, Gwarth An Drae, Helston, Cornwall TR13 0BS4
£305K11/230.65 mi56, Gwarth An Drae, Helston, Cornwall TR13 0BS4
£380K12/230.66 mi38, Hellis Wartha, Helston, Cornwall TR13 8WE4
£422.5K01/210.77 miTryst, Troubridge Road, Helston, Cornwall TR13 8DQ4
£294K05/210.77 mi12, Roskruge Close, Helston, Cornwall TR13 8GL4
£427.5K01/230.84 mi4, Treworlis Close, Helston, Cornwall TR13 8GN4
£395K03/210.86 mi5, Gwendrona Close, Helston, Cornwall TR13 8GP4
£317K10/230.87 mi9, Treveth Lane, Helston, Cornwall TR13 8FD4
£430K09/210.91 mi4, Pen An Drea, Helston, Cornwall TR13 8FT4

Local Rents

13 rents from £1.2K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,60002/240.15 mi-4
£1,20010/240.16 mi-3
£1,30003/250.27 mi-3
£1,17509/240.35 mi-3
£1,20003/250.35 mi-3
£1,35009/240.45 miFalmouth Road, Helston3
£1,35009/240.45 miFalmouth Road, Helston3
£1,80009/240.49 miFalmouth Road, Helston5
£1,80009/240.5 miFalmouth Road, Helston5
£1,45009/240.51 miFalmouth Road, Helston3
£1,35009/240.51 miFalmouth Road, Helston3
£1,80009/240.51 miFalmouth Road, Helston5
£1,45009/240.51 miFalmouth Road, Helston3

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

0.47 miles away

Nearest school

0.10 miles away

Nearest train station

7.42 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £425,000

March 26, 2025

Floor Plans

Description

Welcome to this fantastic opportunity to purchase this four bedroom detached house with fantastic views over Helston and Penrose. In need of some modernisation this property is set in generous grounds and comes with off road parking and a garage.

Interior Highlights
Ground Floor:
Porch: Entrance Door and space for coats and shoes
Hall: Wooden floors, decorative staircase and lots of natural light. Includes a storage area and a separate W.C.
Lounge: Good sized living room with fireplace open plan which steps down to the sunroom
Sunroom: Open space with patio doors and double glazed windows on three sides. Views over Helston and towards Penrose
Dining Room: Patio doors overlooking the rear garden
Kitchen: Plenty of cupboard space with a pantry and further storage cupboard, the worktop wraps around the room to include a small breakfast bar
Utility Room: Further cupboard space and worktops with space for white goods, sliding door leading to the garage
Garage: Powered with up and over door
Two large rear storage units under the property

Upper Floor:

Master Bedroom: A generously sized rear-facing room with en-suite and superb views
Second Bedroom: Another spacious double room with a rear aspect, ideal for additional furnishings or storage.
Third Bedroom: A smaller double room with a rear-facing window
Fourth Bedroom: A bedroom room with a side aspect, this room feature two walk in wardrobes or storage rooms
Bathroom: Separate shower cubicle, pedestal and basin and bath tub
Further separate WC

Exterior Features:
Front: Driveway and off road for parking up to four cars

Rear Garden: Block paved patio and well manicured lawn that gently slopes away from the property with trees and shrubbery allowing plenty of privacy
Don’t miss the opportunity to make this your dream home

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Miller Countrywide, Helston

01326 332579

Next Steps?

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