3 Bed Detached House, Cash/Bridging Only, Helston, TR13 9LJ, £425,000

10 METHLEIGH PARC, PORTHLEVEN, CORNWALL, TR13 9LJ - a month ago

Cash
99 m²
+21 photos

ValuationOvervalued

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

 

 

Square Metres

99 m²
Price/m²£4.3K/m²

Value Estimate

£375,949

 

 

End Value (After Refurb)

£400,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£43,421

Bridging Loan Interest

£11,156

Total Cash In

£193,777

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£400,000

Mortgage (After Refinance)

£300,000

Mortgage LTV

75%

Cash Left In

£193,777

Equity

£100,000

Rent Range

£650 - £1,600

Rent Estimate

£1,046

Running Costs/mo

£1,479

Cashflow/mo

£-433

Cashflow/yr

£-5,198

Gross Yield

3%

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 
£390K07/230.12 mi3, Mill Close, Porthleven, Helston, Cornwall TR13 9LH3
£445K03/240.13 mi5, Reeves Close, Porthleven, Helston, Cornwall TR13 9PB3
£495K07/230.13 mi3, Reeves Close, Porthleven, Helston, Cornwall TR13 9PB3
£265K05/210.17 mi5, Wellington Terrace, Porthleven, Helston, Cornwall TR13 9HU3
£281.5K11/220.18 mi10, Wellington Terrace, Porthleven, Helston, Cornwall TR13 9HU3
£465K12/210.19 mi10, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB3
£372.5K10/220.19 mi4, Wellington Road, Porthleven, Helston, Cornwall TR13 9AB3
£335K08/230.19 mi15, West View, Porthleven, Helston, Cornwall TR13 9LN3
£359.5K03/230.19 mi22, West View, Porthleven, Helston, Cornwall TR13 9LN3
£260K06/230.19 mi12, South View, Porthleven, Helston, Cornwall TR13 9LS3
£300K08/220.19 mi7, West View, Porthleven, Helston, Cornwall TR13 9LN3
£360K03/230.2 mi6, Bickford Crescent, Porthleven, Helston, Cornwall TR13 9AG3
£322.5K06/230.21 miLyndhurst, Thomas Terrace, Porthleven, Helston, Cornwall TR13 9DE3
£499.9K08/230.23 mi4, Praze Road, Porthleven, Helston, Cornwall TR13 9LR3
£275K05/210.24 mi39, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£292K03/210.24 mi29, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£455K07/230.24 mi51, Penponds Road, Porthleven, Helston, Cornwall TR13 9LP3
£327.5K04/210.25 mi10, Peverell Road, Porthleven, Helston, Cornwall TR13 9DH3
£257K12/200.25 mi6, Peverell Road, Porthleven, Helston, Cornwall TR13 9DH3
£235K04/210.25 mi9, Tor Close, Porthleven, Helston, Cornwall TR13 9AE3
£279.5K05/230.27 mi19, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£278K12/230.27 mi17, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£262.5K09/230.28 mi22, Gibson Way, Porthleven, Helston, Cornwall TR13 9AW3
£338.2K12/200.28 mi11, Unity Road, Porthleven, Helston, Cornwall TR13 9DA3
£420K06/210.29 mi43, St Peters Way, Porthleven, Helston, Cornwall TR13 9AZ3
£210K07/210.29 mi21, Parc An Maen, Porthleven, Helston, Cornwall TR13 9AU3
£320K03/240.29 mi13, Parc An Maen, Porthleven, Helston, Cornwall TR13 9AU3
£430K01/210.3 mi14, Claremont Terrace, Porthleven, Helston, Cornwall TR13 9JU3
£370K08/230.32 mi61, St Peters Way, Porthleven, Helston, Cornwall TR13 9BB3
£440K11/220.34 mi10, St Elvan Crescent, Porthleven, Helston, Cornwall TR13 9NA3
£455K10/230.34 mi4, Bay View Terrace, Porthleven, Helston, Cornwall TR13 9JQ3
£465K03/240.36 mi29, St Pirans Parc, Porthleven, Helston, Cornwall TR13 9BD3
£515K02/230.36 mi25, St Pirans Parc, Porthleven, Helston, Cornwall TR13 9BD3
£250K12/230.36 mi9, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£230K12/200.36 mi1, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£350K04/230.36 mi14, Tregonning View, Porthleven, Helston, Cornwall TR13 9BW3
£285K05/240.37 mi80, Wheal Rose, Porthleven, Helston, Cornwall TR13 9AT3
£300K11/200.39 mi2, Warren Close, Porthleven, Helston, Cornwall TR13 9BL3
£220K02/240.4 mi21, Wheal Rose, Porthleven, Helston, Cornwall TR13 9AS3
£472.5K12/200.56 miNeptune House, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9ER3
£650K12/200.69 miLodge House, Loe Bar Road, Porthleven, Helston, Cornwall TR13 9ES3

Local Rents

19 rents from £650/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£89507/240.14 mi-1
£1,20004/250.19 mi-3
£1,20004/250.19 mi-3
£75003/250.21 mi-2
£1,25004/250.25 mi-3
£1,00004/241.77 mi-2
£65006/241.91 mi-1
£75005/241.93 mi-1
£92509/242.03 miFive Wells Lane, Helston, Cornwall2
£1,60002/242.09 mi-4
£92509/242.11 miChurch Street, Helston, Cornwall2
£1,35009/242.11 miFalmouth Road, Helston3
£92509/242.24 miOrchard Close, Helston, Cornwall, TR132
£1,30003/252.24 mi-3
£75009/242.28 mi-1
£1,20010/242.3 mi-3
£1,19509/242.36 mi-3
£1,17509/242.4 mi-3
£1,20004/252.4 mi-3

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

2.22 miles away

Nearest school

0.30 miles away

Nearest train station

8.08 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £425,000

March 27, 2025

Floor Plans

Description

  • THREE BEDROOMS +
  • DETACHED +
  • PARKING AND GARAGE +
  • GARDENS +
  • OIL FIRED CENTRAL HEATING +

Situated in one of Porthleven's most sought after cul-de-sac's of Methleigh Parc is this three bedroom, detached dormer bungalow. The residence, which benefits from oil fired central heating and double glazing, is well proportioned and has been greatly enhanced by the current owners. Views can be enjoyed over other properties towards open countryside.

In brief, the accommodation on the ground floor of an entrance area, hall, kitchen/diner, bathroom, bedroom and completing the ground floor a lounge. On the first floor is a w.c. and two further bedrooms. There are gardens to the front and rear of the property with the front garden being laid to lawn and providing a good size parking area which leads to a garage. To the rear of the residence is a good size rear garden which is mainly laid to lawn, has a good size patio area and a useful shed with power. 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. Local amenities include shops, restaurants, Public Houses, galleries, supermarket, doctors' surgery and a well regarded primary school.

THE ACCOMMODATION COMPRISES (DIMENSION APPROX)

DOOR TO ENTRANCE AREA
With door to

HALL
With doors to several rooms and having a built in cupboard.

KITCHEN/DINER
7.09M X 3.58M NARROWING TO 2.67M (23'3" X 11'9" NARROWING TO 8'9")
A dual aspect room with outlook to the front and French doors opening onto the rear garden. A recently fitted, attractive kitchen comprises a one and a half bowl ceramic sink unit with drainer and mixer tap over, cupboards and drawers under and wall cupboards over. Built in appliances include an induction hob with hood over, double oven incorporating a microwave, dishwasher and there is space for a fridge/freezer.

BATHROOM
Comprising bath with mixer tap and shower attachment over, close coupled w.c. and a wash basin. There are tiled walls, space for a washing machine and an obscured window to the rear. There is a recessed space in the bathroom for a washing machine

BEDROOM ONE
4.50M X 2.82M PLUS DOOR RECESS (14'9" X 9'3" PLUS DOOR RECESS)
With outlook to the front and having built in wardrobes.

LOUNGE
4.95M X 3.51M AVERAGE MEASUREMENTS (16'3" X 11'6" AVERAGE MEASUREMENTS)
With outlook and door to the rear garden. There are stairs to the landing.

LANDING
With obscured window to the rear, doors to both bedrooms and door to w.c.

W.C.
Comprising close coupled w.c. and a pedestal wash hand basin with mixer tap over.

BEDROOM TWO 4.65M X 3.43M (15'3" X 11'3")
With skylight and window to the rear, enjoying views over other properties towards open countryside and towards Tregonning Hill.

BEDROOM THREE
3.66M X 2.21M (12' X 7'3")
Having a skylight and a window to the side of the property.

OUTSIDE
There are gardens to the front and rear of the property with the front garden having a lawned area and a good size driveway providing parking for a number of vehicles. This driveway leads to a garage. To the rear of the residence is a good size garden which is mainly laid to lawn and has a large patio area which would seem ideal for Al Fresco dining and entertaining. Located in the rear garden is a good size useful shed which comprises of two rooms and we are advised has power. There is access to the rear garden via a gate to the side of the garage.

SERVICES
Mains electricity, water and drainage.

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

COUNCIL TAX BAND
Band D

ANTI MONEY LAUNDERING REGULATIONS - PURCHASER
We are required by law to ask all purchasers for verified ID prior to instructing a sale.

PROOF OF FUNDS - 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?

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