3 bedroom semi-detached house for sale

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3 bedroom semi-detached house for sale

Henver Road, Newquay
£250,000

Our Summary

  • SEMI-DETACHED VACANT 3 BEDROOM HOUSE FOR REFURBISHMENT/REPAIR WITH PARKING AND AN ENCLOSED GARDEN
  • CASH PURCHASERS FOR QUICK COMPLETION ONLY - MUNDIC C2 FOUNDATIONS FAILFull Mundic, Electric & Gas Reports - This semi-detached property is available with immediate vacant possession and the vendors seek a quick sale
  • CASH PURCHASERS ONLY, UNMORTGAGEABLE
  • ” The report goes on to conclude that “The marketability will be impaired and typically the property would be considered unmortgageable until the property has been definitively classified (if possible) or replaced
  • In addition to this, any buyer would need to pay Cornwall Mining Consultants a professional fee to oversee the works and provide the completion paperwork for mortgage/insurance purposes

Description

This semi-detached property is available for cash buyers only, with the vendors seeking a quick sale. The property has failed a Mundic test, citing soft and weak concrete in the foundations, making it unmortgageable. Previous work was done to encase the strip foundations, but a subsequent test found that the property still has issues. An indicative quote for underpinning is £34,000 plus VAT, and additional costs would be required for professional oversight and paperwork. The property has been vacant since November 2024 and is available with immediate possession. The vendors are willing to accept a quick sale, with a 6-week deadline for exchange and completion. The property has a gas boiler that passed a safety inspection and an electrical installation that was deemed satisfactory following remedial works. The property is not suitable for mortgage purposes, but a buyer could choose to lightly refurbish it and rent it out or live in it.
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