2 Bed Terraced House, Cash/Bridging Only, Helston, TR13 9DN, £240,000

11a The Gue, Porthleven, TR13 9DN - a month ago

Cash
ROI: 1%
50 m²
+4 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Refurb Costs

£21,930

Bridging Loan Interest

£6,300

Total Cash In

£103,180

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,500

Mortgage (After Refinance)

£183,375

Mortgage LTV

75%

Cash Released

£3,375

Cash Left In

£99,805

Equity

£61,125

Rent Range

£650 - £1,600

Rent Estimate

£1,037

Running Costs/mo

£991

Cashflow/mo

£46

Cashflow/yr

£546

ROI

1%

Gross Yield

5%













Local Rents

18 rents from £650/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25004/250.05 mi-3
£89507/240.07 mi-1
£1,20004/250.08 mi-3
£1,20004/250.08 mi-3
£75003/250.18 mi-2
£65006/241.89 mi-1
£75005/241.91 mi-1
£1,00004/241.97 mi-2
£92509/242 miFive Wells Lane, Helston, Cornwall2
£1,60002/242.09 mi-4
£92509/242.09 miChurch Street, Helston, Cornwall2
£75009/242.24 mi-1
£1,30003/252.25 mi-3
£92509/242.25 miOrchard Close, Helston, Cornwall, TR132
£1,20010/242.27 mi-3
£1,35009/242.3 miFalmouth Road, Helston3
£1,17509/242.41 mi-3
£1,20004/252.41 mi-3

Local Area Statistics

Population in TR13

19,807

Population in Helston

29,289

Town centre distance

2.16 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 £240,000

March 24, 2025

Description

  • CHARMING SEMI-DETACHED COTTAGE +
  • TWO BEDROOMS +
  • CHARACTER FEATURES +
  • MASTER EN SUITE +
  • FRONT COURTYARD +

An opportunity to purchase a charming, two bedroom semi-detached cottage of immense charm and character close to the centre of the Cornish fishing village of Porthleven.

The residence, which benefits from double glazing and Dimplex electric heating, is well presented and boasts character features from a beamed ceiling to exposed floorboards.

In brief the accommodation comprises a lounge, office/study, kitchen and, completing the ground floor, a shower room. On the first floor there are two bedrooms, the master of which has an en suite shower room. To the outside to the front of the residence is a small pleasant, wall enclosed courtyard and a path runs around to the back of the property.

An opportunity to purchase a charming, two bedroom semi detached cottage of immense charm and character close to the centre of the fishing village of Porthleven.

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 (DIMENSIONS APPROX)

Stable style door to lounge.

LOUNGE
4.19m x 3.28m (13'9" x 10'9" )
With outlook to the front, beamed ceiling, wood floor and feature fireplace with hearth, surround and mantel over, alcoves to the side of the fireplace. The room has an understairs cupboard. Step down and door to the kitchen. There is an understairs cupboard, stairs to the first floor and door to office/study.

OFFICE/STUDY
4.19m x 3.73m (13'9" x 12'3" )
With outlook to the side.

KITCHEN
2.29m x 1.91m (7'6" x 6'3" )
Comprising working top surfaces incorporating a Belfast sink with mixer tap, cupboards and drawers under and wall cupboards over. There is a built-in fridge, oven with hob over and space for a washing machine. There is an outlook to the front, the room has a tiled floor and there is an electric water heater.

SHOWER ROOM
Comprising a shower, pedestal washbasin and a close coupled W.C. There is a window to the rear, a tiled floor and partially tiled walls.

STAIRS & LANDING
With window to the rear and doors to both bedrooms.

BEDROOM ONE
4.19m x 2.44m narrowing to 2.13m average measurement (13'9" x 8' narrowing to 7' average measurements )
Outlook to the front. Built-in cupboard. There is a wood floor. Door to en suite.

EN SUITE SHOWER ROOM
Comprising shower cubicle, close coupled W.C. and a pedestal washbasin with mixer tap over. There are partially tiled walls, a skylight, wood floor and towel rail.

BEDROOM TWO
3.35m x 2.67m (11' x 8'9" )
With outlook to the front and exposed floorboards.

OUTSIDE
With a pleasant courtyard to the front which is enclosed by a wall and gives access to the rear of the property.

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
We are advised that the property benefits from a pedestrian right of way from The Gue to gain access to the property.

DIRECTIONS
From our Porthleven office proceed up Fore Street and take the second turning on your right into The Gue. Proceed up The Gue until you approach number 11 which is on the left hand side. The pedestrian right of way to Robin's Nest is located to the lower side of number 11 and situated behind this property.

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

SERVICES
Mains electricity, water and drainage

COUNCIL TAX
Council Tax Band A.

MOBILE AND BROADBAND
For more information about mobile and broadband services to this 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.

Agent Details

Christophers, Helston

01326 331637

Next Steps?

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