6 Bed Detached House, Refurb/BRRR, Helston, TR13 8NW, £400,000

The Gables, 14 Church Hill, Helston, Cornwall TR13 8NW - 14 days ago

Auction
Refurb/BRRR
~186 m²

ValuationUndervalued

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

 

 

Square Metres

~186 m²
Price/m²£2.2K/m²

Value Estimate

£412,000
BMV3%

 

 

End Value (After Refurb)

£554,478

Uplift in Value

+39%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£81,579

Bridging Loan Interest

£10,500

Total Cash In

£225,029

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£554,478

Agent Fees (1%)

£5,545

Bridging Loan

£300,000

Bridging Loan Interest

£10,500

Flip Profit

£23,904

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 
£365K01/240.1 mi43, Church Street, Helston, Cornwall TR13 8NJ4
£345K08/230.12 mi1, Tenderah Road, Helston, Cornwall TR13 8NT4
£330K01/210.12 mi60, Tenderah Road, Helston, Cornwall TR13 8NT4
£265K10/200.13 mi16, Cades Parc, Helston, Cornwall TR13 8QS4
£407.5K10/230.17 mi3, The Paddock, Helston, Cornwall TR13 8NS4
£380K06/210.17 mi1, The Paddock, Helston, Cornwall TR13 8NS4
£249.9K09/210.19 mi24, Godolphin Road, Helston, Cornwall TR13 8PY4
£420K11/200.23 mi29, Gwealhellis Warren, Helston, Cornwall TR13 8PQ4
£550K10/230.26 mi40a, Coinagehall Street, Helston, Cornwall TR13 8EQ4
£570K11/220.29 mi8, St Johns Close, Helston, Cornwall TR13 8HQ4
£375K12/200.33 mi57, Orchard Close, Helston, Cornwall TR13 8UT4
£410K06/210.36 miOwl Cottage, Old Hill, Helston, Cornwall TR13 8HT4
£309.9K03/210.41 mi19, Tregarrick Close, Helston, Cornwall TR13 8YA4
£220K02/210.41 miKyleveneth, 17, Tregarrick Close, Helston, Cornwall TR13 8YA4
£330K03/210.48 mi3, Parc Ledrak, Helston, Cornwall TR13 0QL4
£320K03/210.52 mi69, Gweal Wartha, Helston, Cornwall TR13 0SN4
£287.5K06/210.52 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
£315K11/220.58 mi157, Pendeen Park, Helston, Cornwall TR13 0SL4
£325K02/210.58 mi107, Pendeen Park, Helston, Cornwall TR13 0SL4
£268.5K02/210.59 mi19, Nanscober Place, Helston, Cornwall TR13 0SP4
£321K02/240.59 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
£390K11/200.64 miPenolva House, 38, Gwarth An Drae, Helston, Cornwall TR13 0BS4
£305K11/230.64 mi56, Gwarth An Drae, Helston, Cornwall TR13 0BS4
£380K12/230.66 mi38, Hellis Wartha, Helston, Cornwall TR13 8WE4
£294K05/210.76 mi12, Roskruge Close, Helston, Cornwall TR13 8GL4
£422.5K01/210.77 miTryst, Troubridge Road, Helston, Cornwall TR13 8DQ4
£427.5K01/230.83 mi4, Treworlis Close, Helston, Cornwall TR13 8GN4
£395K03/210.85 mi5, Gwendrona Close, Helston, Cornwall TR13 8GP4
£317K10/230.86 mi9, Treveth Lane, Helston, Cornwall TR13 8FD4
£430K09/210.9 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
£1,30003/250.26 mi-3
£1,17509/240.34 mi-3
£1,20003/250.34 mi-3
£1,35009/240.44 miFalmouth Road, Helston3
£1,35009/240.44 miFalmouth Road, Helston3
£1,80009/240.48 miFalmouth Road, Helston5
£1,80009/240.49 miFalmouth Road, Helston5
£1,45009/240.5 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

0.48 miles away

Nearest school

0.10 miles away

Nearest train station

7.41 miles away

 

 

Rental growth (12m)

-37%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £400,000

April 1, 2025

Description

  • EPC G4 +
  • Unconditional Livestream Auction Thursday 8th May at 14.00 +
  • Substantial Detached Property +
  • 6 Bedrooms +
  • Popular Central Location In Helston +
  • Generous Gardens +
  • In Need Of Refurbishment +
  • Could Suit Redevelopment, Subject To Planning +
  • Double Garage And Off Road Parking +
  • See Additional Fee Note +

GUIDE PRICE £400,000 (plus fees). For sale via National Timed Auction, bidding opening Monday 16th December at 13.00 and closing approximately 24 hours later. Substantial, detached, 6 bedroom property in need of full modernisation. Substantial Detached Property Requiring Renovation Situated in a popular residential area of Helston, is this detached 6 bedroom double fronted property. Previously the property has been used as an HMO, but given the substantial plot, could suit a variety of options (subject to consents). The property has gardens to the front and side, which are mainly laid to lawn as well as driveway parking and a double garage. ACCOMMODATION Due to the internal condition of the property it has been difficult to fully measure the property. Therefore, the below measurements are provided as a general guide only:

LOUNGE 6.30m x 6.40m.
DRAWING ROOM 4.32m x 4.22m
KITCHEN 5.38m x 3.51m
UTILITY ROOM 2.84m x 2.49m
DINING ROOM 5.97m x 7.21m

FIRST FLOOR

BEDROOM 1 6.27m x 5.41m.
BEDROOM 2 4.27m x 4.72m
BATHROOM
BATHROOM
BEDROOM 3 3.76m x 3.71m
BEDROOM 4 4.42m x 2.08m
BEDROOM 5 5.44m x 5.33m
BEDROOM 6 2.95m x 2.97m

SECOND FLOOR

LOFT ROOM 5.61m x 3.91m
LOFT ROOM 3.86m x 3.89m
FULL DETAILS Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.
NOTICE TO BIDDER Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction. Tenure: Freehold EPC Rating: G4 Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, South West

01752 741383

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