3 Bed Semi-Detached House, Single Let, Barnstaple, EX32 0JQ, £450,000

Blakeshill Road, Landkey, Barnstaple, Devon, EX32 0JQ - 2 years ago

BTL
~209 m²
+14 photos

ValuationUndervalued

Sold Prices£185K - £580K
Sold Prices/m²£2.1K/m² - £4.6K/m²

 

 

Square Metres

~209.22 m²
Price/m²£2.2K/m²

Value Estimate

£558,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£36,200

Total Cash In

£148,700

 

 

Cash Out

 

Rent Range

£350 - £1,800

Rent Estimate

£594

Running Costs/mo

£1,545

Cashflow/mo

£-951

Cashflow/yr

£-11,413

Gross Yield

2%

Local Sold Prices

24 sold prices from £185K to £580K, average is £301.5K. £2.1K/m² to £4.6K/m², average is £3.4K/m².

Price
Date
Distance
Address
Beds
 
£308K02/250.03 miThe Bank, 4, Blakes Hill Road, Landkey EX32 0JG3
£292.5K04/230.06 mi2, Bramble Path, Landkey, Barnstaple, Devon EX32 0UG3
£315K04/250.07 mi1, Bramble Path, Barnstaple EX32 0UG3
£280K09/210.07 mi16, Castle Mill, Landkey, Barnstaple, Devon EX32 0FA3
£239K03/210.08 mi7, Barleycorn Fields, Landkey, Barnstaple, Devon EX32 0UD3
£580K05/230.08 mi4, The Orchards, Landkey, Barnstaple, Devon EX32 0QP3
£355K03/250.09 mi25, Barleycorn Fields, Barnstaple EX32 0UD3
£500.3K12/220.15 mi16, Sloe Lane, Landkey, Barnstaple, Devon EX32 0UF3
£290K10/240.15 mi9, Sloe Lane, Landkey, Barnstaple, Devon EX32 0UF3
£195K07/230.16 mi35, Bakery Way, Landkey, Barnstaple, Devon EX32 0LJ3
£386.5K05/210.17 mi22, Cherry Tree Drive, Landkey, Barnstaple, Devon EX32 0UE3
£328K11/240.17 mi63, Harford Way, Barnstaple EX32 0FG3
£295K08/210.18 mi8, Mazzard Close, Landkey, Barnstaple, Devon EX32 0LL3
£185K04/210.18 mi31, Mazzard Close, Landkey, Barnstaple, Devon EX32 0LL3
£221.5K04/230.18 mi3, Mazzard Close, Landkey, Barnstaple, Devon EX32 0LL3
£345K06/210.19 miAdelphia, Manor Road, Landkey, Barnstaple, Devon EX32 0JJ3
£241K11/220.21 mi21, Mazzard Close, Landkey, Barnstaple, Devon EX32 0LL3
£318K02/250.21 mi10, South Hayes Copse, Barnstaple EX32 0UZ3
£330K12/240.24 mi2, Harford Way, Barnstaple EX32 0FG3
£196K02/210.31 mi6, Church Meadow, Landkey, Barnstaple, Devon EX32 0JB3
£280K04/210.31 mi3, Bramley Meadow, Landkey, Barnstaple, Devon EX32 0PB3
£345K06/230.31 miDerrie, Tanners Road, Landkey, Barnstaple, Devon EX32 0NQ3
£410K06/210.41 mi6, Newlands Close, Landkey, Barnstaple, Devon EX32 0NH3
£260K05/210.45 mi8, Newlands, Landkey, Barnstaple, Devon EX32 0NJ3

Local Rents

50 rents from £350/mo to £1.8K/mo, average is £813/mo.

Rent
Date
Distance
Address
Beds
 
£99507/250.18 miDenes Close, Landkey, Barnstaple, Devon, EX322
£1,20007/250.2 miLandkey3
£1,30004/240.52 miHarford, Landkey3
£1,30004/240.52 miHarford, Landkey3
£1,00004/241.17 miOak Tree Drive, Barnstaple3
£69503/241.19 miSpeedwell Close, Whiddon Valley, Barnstaple, Devon, EX322
£60004/241.36 mi1 Bedroom ground floor flat in Peards Down Close, Barnstaple1
£82506/251.42 miBarton Road, Whiddon Valley, Barnstaple, EX322
£80006/251.42 miOtter Way, Whiddon Valley, Barnstaple, EX322
£83506/251.43 miBarton Road, Barnstaple2
£60007/251.45 miBarton Road, Barnstaple1
£72503/241.51 miWoolbarn Lawn, Whiddon Valley, Barnstaple, Devon, EX322
£77504/251.53 mi-2
£80002/241.55 mi-1
£59507/251.55 miWalnut Way, Barnstaple, Devon, EX322
£1,25009/231.6 mi-2
£1,15003/251.6 mi-2
£85005/251.63 miSwimbridge1
£97505/241.64 mi-3
£1,80006/251.67 miSentry Lane, Bishops Tawton, Barnstaple5
£69506/251.73 miGribble Close, Barnstaple, Devon, EX321
£80001/241.74 mi-1
£80004/251.74 mi-1
£1,00007/251.74 miSwimbridge, Barnstaple3
£1,40002/251.78 mi-3
£1,40002/251.78 mi-3
£80007/251.81 mi-3
£1,50004/241.82 miGoodleigh, Barnstaple4
£92503/241.86 miChichester Close2
£65004/241.89 miLynwood House, Barnstaple, EX321
£65005/241.89 mi-1
£55004/241.9 miClarence Place, South Street, Barnstaple1
£46507/251.9 mi2 Clarence Place, South Street, BarnstapleN/A
£62506/251.9 mi-1
£62512/241.91 miSouth Street, Newport, Barnstaple, EX321
£95007/251.91 miBishops Tawton, Barnstaple3
£77507/251.92 mi-2
£80004/241.94 miBishops Tawton, Barnstaple2
£87503/241.95 miNorthcliffe, Bishops Tawton, Barnstaple3
£75007/251.95 miNorthcliffe, Bishops Tawton, Barnstaple3
£62504/241.97 miNewport Road, Barnstaple, Devon2
£1,05006/252 mi73 Newport Road, Barnstaple, Devon, EX323
£82512/232 mi-2
£85007/252 mi-2
£80003/242.03 miLundy Close, Barnstaple, EX322
£69507/252.03 miCrow View, Barnstaple3
£87503/242.05 miWalton Way, Barnstaple2
£35007/252.06 miPortland Street, Newport, Barnstaple, Devon, EX32N/A
£1,35007/252.07 miGloster Road, Barnstaple4
£1,25007/252.08 mi-3

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

2.69 miles away

Nearest school

0.20 miles away

Nearest train station

2.66 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+12%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £450,000

May 25, 2023

Floor Plans

Description

  • Three bedrooms +
  • Off road parking +
  • Large garden +
  • Outbuildings +
  • Former shop adjoining +
  • Popular village location +

Being sold for the first time in 20 years is this unique opportunity to acquire a beautifully maintained three bedroom cottage with an adjoining former village shop, further outbuildings and a generous garden.

The home offers inviting accommodation briefly comprising of a conservatory with attractive slate flooring that continues into the dining room which has an abundance of charm and character. From here you can access the sitting room which is nicely presented and is flooded with natural light from the box style window. The kitchen continues to impress with built in appliances, base level units and a neutral decor. Heading up to the first floor you will find three good sized bedrooms and a stylish four piece bathroom suite including a slipper bath.

The shop has its own entrance from the road and provides ample space and size, there is access through to a large store room in addition and also access into the main cottage. This space could be used once more as an income generating shop or alternatively, subject to obtaining necessary permissions could be converted to create additional living space for the home.

Lyncroft cottage is located in the sought after village of Landkey. The village itself is situated just 2.5 miles east of Barnstaple and has an outstanding primary School, there are regular buses to both Barnstaple and South Molton. Amenities within the village include an historic church, a village hall, post office/shop and a popular Public House.

The village enjoys direct access to the A361 (North Devon link road) which provides links to the larger regional centre of Barnstaple, the historic and regional centre of North Devon affording a more extensive range of commercial, educational and recreational facilities befitting from a variety of banking, schooling, a theatre, cinema, leisure centre and restaurants, combining modern shopping amenities with a bustling market atmosphere. Popular sandy beaches of Westward Ho!, Instow, Saunton, Croyde and Woolacombe are within easy reach. The cathedral city of Exeter with its university, airport, inter-rail and motorway links is some 42 miles in distance.

Stepping into the garden there is a low maintenance stone gravelled space which is ideal for a sitting and relaxing. Further on there are a small amount of steps leading to slabbed patio that overlooks the main body of the garden which is predominantly laid to lawn and is private and enclosed on all sides. There is a hot tub that shall be remaining and multiple outbuildings that can also be utilised.

Agent Details

Greenslade Taylor Hunt, Barnstaple

01271 444387

Next Steps?

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