2 Bed Flat, Single Let, Bude, EX23 8RA, £265,000

9 The Octagon, Strand, Bude, Cornwall, EX23 8RA - 4 views - a year ago

Leasehold

BTL

49 m²

+4 photos

ValuationOvervalued

Sold Prices	£118K - £600K
Sold Prices/m²	£2.4K/m² - £5.8K/m²

Square Metres	48.53 m²
Price/m²	£5.5K/m²
Value Estimate	£186,868£186,868

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£66,250£66,250
Stamp Duty & Legal Fees	£9,900£9,900
Total Cash In	£76,150£76,150

Cash Out
Rent Range	£675 - £1,600£675 - £1,600
Rent Estimate	£765
Running Costs/mo	£1,001£1,001
Cashflow/mo	£-236£-236
Cashflow/yr	£-2,833£-2,833
Gross Yield	3%3%

Local Sold Prices

15 sold prices from £118K to £600K, average is £255K. £2.4K/m² to £5.8K/m², average is £4.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£120K	02/21	0.03 mi	10 The Octagon, The Strand, Bude, Cornwall EX23 8RA	£2,390	50	2	Flat
£255K	07/22	0.07 mi	Flat 4, Roseveare, Bencoolen Road, Bude, Cornwall EX23 8PJ	-	-	2	Flat
£275K	12/22	0.12 mi	2b, Strand, Bude, Cornwall EX23 8QU	£3,306	83	2	Flat
£235K	07/22	0.16 mi	24b, Bramble Hill, Bude, Cornwall EX23 8DG	£3,456	68	2	Flat
£190K	06/22	0.21 mi	Flat 21, Pentyre Court, Vicarage Road, Bude, Cornwall EX23 8JQ	-	-	2	Flat
£191K	01/21	0.24 mi	Flat 1, Granary Court, Higher Wharf, Bude, Cornwall EX23 8LW	-	-	2	Flat
£230K	01/23	0.3 mi	Flat 8, Erdiston Court, Summerleaze Crescent, Bude, Cornwall EX23 8HG	-	-	2	Flat
£377K	08/23	0.38 mi	Apartment 7, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND	£5,095	74	2	Flat
£345K	06/21	0.38 mi	Apartment 28, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND	£5,308	65	2	Flat
£600K	09/21	0.38 mi	Apartment 4, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND	£5,769	104	2	Flat
£580K	12/22	0.38 mi	Apartment 4, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND	£5,577	104	2	Flat
£220K	12/20	0.53 mi	Top Flat, 9, Downs View, Bude, Cornwall EX23 8RF	-	-	2	Flat
£335K	12/20	0.58 mi	22, West Fairholme Road, Bude, Cornwall EX23 8JD	£3,851	87	2	Flat
£385K	10/22	0.93 mi	4, Piran Heights, Upton, Bude, Cornwall EX23 0LY	-	-	2	Flat
£118K	04/23	1.32 mi	Flat 1-4, Tree View, Fore Street, Stratton, Bude, Cornwall EX23 9DA	-	-	2	Flat

Local Rents

20 rents from £675/mo to £1.6K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£765	03/24	0.16 mi	Lansdown Road, Bude	2	Flat
£750	03/24	0.23 mi	Bude, Cornwall	2	Flat
£925	03/24	0.34 mi	Bude, Cornwall	2	Flat
£1,100	05/24	0.35 mi	Bude, Cornwall	2	Bungalow
£1,600	03/24	0.51 mi	-	2	Flat
£1,600	03/24	0.51 mi	-	2	Flat
£1,400	09/23	0.51 mi	-	2	Flat
£1,400	09/23	0.51 mi	-	2	Flat
£1,400	01/24	0.51 mi	-	2	Flat
£1,400	01/24	0.51 mi	-	2	Flat
£1,600	05/24	0.51 mi	-	2	Flat
£1,400	03/24	0.51 mi	-	2	Flat
£1,400	05/24	0.51 mi	-	2	Flat
£1,400	03/24	0.51 mi	View, Bude, EX23	2	Flat
£1,600	04/24	0.51 mi	Downs View, Bude, EX23	2	Flat
£1,400	05/24	0.51 mi	View, Bude, EX23	2	Flat
£950	03/24	0.53 mi	Downs View, Bude	2	Flat
£825	05/24	0.55 mi	-	2	Flat
£825	05/24	0.55 mi	Downs View, Bude, EX23	2	Flat
£675	04/24	0.58 mi	Downs View, Bude	2	Flat

Local Area Statistics

Population in EX23	15,61715,617
Town centre distance	0.47 miles away0.47 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	24.89 miles away24.89 miles away

Rental growth (12m)	+6%+6%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+37%+37%

Property History

Listed for £265,000

March 11, 2024

Floor Plans

Description

2 BEDROOM +
SECOND FLOOR APARTMENT +
ALLOCATED PARKING SPACE +
OPEN PLAN LIVING WITH BALCONY +
WALKING DISTANCE TO LOCAL AMENITIES AND BEACHES +
CENTRAL LOCATION +
GAS CENTRAL HEATING +
EPC RATING C. +
COUNCIL TAX BAND A +

An opportunity to acquire this well presented 2 bedroom apartment enjoying a most convenient central location in this very sought after North Cornish town. The residence benefits from a balcony, allocated off road parking space, gas fired underfloor heating complemented by double glazed windows throughout. This property would be well suited as an investment property whilst equally appealing as a comfortable home. EPC rating C. Council Tax Band A.

Directions
From Bude town centre proceed along The Strand and The Octagon will be found on the left hand side just before the mini-roundabout.

Agent Details

Bond Oxborough Phillips, Bude

01288 355066

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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2 Bed Flat, Single Let, Bude, EX23 8RA, £265,000

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents