3 Bed Semi-Detached House, Refurb/BRRR, Bodmin, PL31 2LU, £168,000

Finn V C Estate, Bodmin, Cornwall, PL31 2LU - 4 views - a year ago

Refurb/BRRR
ROI: 4%
~84 m²
+6 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,000

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£36,393

Bridging Loan Interest

£4,410

Total Cash In

£91,303

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£172,488

Mortgage (After Refinance)

£129,366

Mortgage LTV

75%

Cash Released

£3,366

Cash Left In

£87,937

Equity

£43,122

Rent Range

£850 - £1,350

Rent Estimate

£1,074

Running Costs/mo

£774

Cashflow/mo

£300

Cashflow/yr

£3,602

ROI

4%

Gross Yield

8%













Local Rents

12 rents from £850/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£99506/240.13 mi82 Fore Street, Bodmin, Cornwall, PL313
£1,25009/240.29 mi-3
£95006/240.37 mi-3
£1,25006/240.53 mi8 Tremayne House Park Drive, Bodmin3
£95006/240.58 mi3 Bodiniel View, Bodmin, PL31 2PQ3
£1,25007/240.67 mi-3
£1,35007/240.7 mi-3
£95006/240.85 mi18 Foster Drive, Bodmin3
£85012/240.86 miRoyffe Way, Bodmin, PL313
£1,15012/240.97 mi-3
£1,19506/240.97 miGilbert Road, Bodmin, Cornwall, PL313
£1,19506/240.98 miHolmes Way, Bodmin, Cornwall, PL313

Local Area Statistics

Population in PL31

14,568

Population in Bodmin

24,877

Town centre distance

0.33 miles away

Nearest school

0.20 miles away

Nearest train station

3.31 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Price changed to £168,000

January 27, 2025

Price changed to £175,000

December 4, 2024

Listed for £185,000

March 14, 2024

Floor Plans

Description

  • 3 bedrooms +
  • Central location +
  • No chain +
  • In need of modernisation +
  • Close to amenities +
  • Central town location +

* Sale Agreed By Webbers *
Named after the Victoria Cross recipient, Private James Finn (1893 – 1917), Finn V C Estate is situated in a central location in Bodmin and a short walk from the town centre and other local amenities. The property is in need of modernisation, but offers spacious accommodation including three bedrooms, kitchen/diner, sitting room and conservatory.

The property is accessed via the entrance hall where there are stairs (with cupboard beneath) leading to the first floor plus doors to sitting room and kitchen/diner. The sitting room is of a good size with window overlooking the front and doorway to the kitchen/diner.

The kitchen has a range of base and eye level units plus space for appliances. There is access to the conservatory which opens to the large patio garden, geared towards low maintenance where there are some useful outbuildings.

On the first floor are the three bedrooms, two of which are doubles and the single bedroom is well proportioned. The family bathroom includes shower, WC, hand wash basin and sit up bath.

Agent Details

Webbers Property Services, Bodmin

01208 223231

Next Steps?

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