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Henver Road, Newquay TR7 3 bed semi
Henver Road, Newquay TR7
£210,000
Henver Road, Newquay TR7
£210,000
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 FAILThis 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
- Cash purchasers for quick sale only
- Substantial house requiring work
Description
This semi-detached property is being sold with immediate vacant possession and the vendors are seeking a quick sale to cash buyers only. The property has a history of mundic issues, with a failed density test on the foundations in 1999 and a subsequent test in 2024 also failing. However, the vendor had commissioned repairs in 2000, which included encasing the strip foundations and repairing broken drains. Despite this, the 2024 test report concludes that the property is unmortgageable until the foundations are definitively classified or replaced. The report also estimates that underpinning work would be required to make the property mortgageable, with a quote of £35,000. The property also requires electrical and gas safety certificates, which have been obtained. The property is being sold as is, with the buyer responsible for any surveys or remedial works required. The vendors are willing to negotiate and are looking for a quick completion within 6 weeks.