5 Bed HMO, Barnstaple, EX32 8BJ, £250,000

Fort Street, Barnstaple, EX32 8BJ - 7 views - 2 years ago

HMO
ROI: 18%
~137 m²
+3 photos

ValuationUndervalued

Sold Prices£257.5K - £707K
Sold Prices/m²£1.9K/m² - £7.8K/m²

 

 

Square Metres

~137 m²
Price/m²£1.8K/m²

Value Estimate

£300,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Room Rate

£611

Gross Rent

£3,055

Running Costs/mo

£1,976

Cashflow/mo

£1,079

Cashflow/yr

£12,942

ROI

18%

Gross Yield

15%

Local Sold Prices

20 sold prices from £257.5K to £707K, average is £460.5K. £1.9K/m² to £7.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£390K03/210.52 mi5, Park Lane, Barnstaple, Devon EX32 9AJ5
£357K09/220.53 mi25, Hawley Manor, Barnstaple, Devon EX32 8AP5
£279K09/210.57 mi40, Silverwood Heights, Barnstaple, Devon EX32 7RJ5
£257.5K12/200.57 mi16, Silverwood Heights, Barnstaple, Devon EX32 7RJ5
£310K06/230.6 mi61, Newport Road, Barnstaple, Devon EX32 9BQ5
£441K01/230.62 mi1, Elgar Close, Barnstaple, Devon EX32 8AA5
£490K01/210.63 miSherwood, Park Lane, Barnstaple, Devon EX32 9AL5
£525K08/220.68 mi32, South Street, Barnstaple, Devon EX32 9DT5
£480K11/210.69 mi21, Maer Top Way, Barnstaple, Devon EX31 1RZ5
£420K11/200.71 miNorlands, Braunton Road, Barnstaple, Devon EX31 1GA5
£707K01/230.77 miThe Elms, High Wall, Sticklepath, Barnstaple, Devon EX31 2DP5
£574K04/210.78 mi3, Littabourne, Barnstaple, Devon EX31 1PX5
£670K02/230.83 miHanworth, Under Minnow Road, Barnstaple, Devon EX31 1QU5
£625K03/210.84 miHanworth, Under Minnow Road, Barnstaple, Devon EX31 1QU5
£580K06/210.9 miTresillian, Bishops Tawton Road, Barnstaple, Devon EX32 9EF5
£675K01/210.95 miWendover, Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2DW5
£645K12/200.99 mi62, Chaddiford Lane, Barnstaple, Devon EX31 1RF5
£340K02/210.99 mi1, Bradiford, Barnstaple, Devon EX31 4AD5
£355K12/200.99 mi5, Old School Road, Barnstaple, Devon EX32 9DP5
£385K06/211 mi25, Fairacre Avenue, Barnstaple, Devon EX32 9DF5

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.34 miles away

Nearest school

0.70 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £250,000

June 7, 2023

Sold for £115,000

2004

Sold for £65,500

2000

Floor Plans

Description

  • Shared House Currently used as HMO +
  • Fitted Kitchen & Separate Dining Room +
  • Modern Fitted Bathroom with Four Piece Suite +
  • Four Bedrooms +
  • Attic Room Currently Used as a Bedroom +
  • Living Room Currently Used a Bedroom +
  • Outside Low Maintenance Yard +
  • Landlords Only +

* YOU MUST BE AN INVESTOR BUYER TO ENQUIRE ABOUT THIS PROPERTY - NOT AVAILABLE TO FIRST TIME BUYERS *

Landlord to Landlord Service - GetAnOffer are looking for LANDLORDS to purchase this home which is currently RENTED producing an income.

GetAnOffer are pleased to offer this property for sale:

Mid Terraced House Currently Used as a HMO
Fitted Kitchen & Separate Dining Room
Modern Fitted Bathroom with Four Piece Suite
Four Bedrooms
Attic Room Currently Used as a Bedroom
Living Room Currently Used as a Bedroom 
Outside Low Maintenance Yard
Landlords Only

EARLY VIEWING IS HIGHLY RECOMMENDED DUE TO THE PROPERTY BEING PRICED FOR A QUICK SALE.

* FOR FURTHER INFORMATION PLEASE CALL: *

Please Note:

Under the terms of The Estate Agents Act 1979 it is hereby confirmed that Future Planned Relocation Services Ltd (Get An Offer) has a legal interest in this property.

All details and measurements have been given for guidance purposes only. Due to the nature of our business our details are usually produced by a third party so any information supplied should be checked by yourself for any inaccuracies.

Although this property may have the facility of heating and other appliances they have not been tested at the time of our instructions.
Get an Offer makes no guarantees as to the accuracy within these property details.

By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided

Agent Details

GET AN OFFER, Worthing

01903 497334

Next Steps?

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