2 Bed Flat, Single Let, Bodmin, PL31 1JA, £120,000

6 Beacon Hill, Bodmin, Cornwall, PL31 1JA - 2 views - a year ago

Leasehold
BTL
ROI: 2%
67 m²
+10 photos

ValuationUndervalued

Sold Prices£74.2K - £286K
Sold Prices/m²£1.2K/m² - £3.7K/m²

 

 

Square Metres

67 m²
Price/m²£1.8K/m²

Value Estimate

£125,625

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£5,100

Total Cash In

£35,100

 

 

Cash Out

 

Rent Range

£595 - £925

Rent Estimate

£602

Running Costs/mo

£515

Cashflow/mo

£87

Cashflow/yr

£1,039

ROI

3%

Gross Yield

6%

Local Sold Prices

20 sold prices from £74.2K to £286K, average is £120K. £1.2K/m² to £3.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£85K09/230.09 miFlat 4, Gregorys Court, Robartes Road, Bodmin, Cornwall PL31 1HW2
£120K06/220.09 mi73a, Fore Street, Bodmin, Cornwall PL31 2JB2
£135K01/210.19 mi14a, Fore Street, Bodmin, Cornwall PL31 2HQ2
£74.2K02/210.22 miFirst Floor Flat, 2, Crinnicks Hill, Bodmin, Cornwall PL31 1AL2
£90K03/210.24 mi17, The Piazza, Bodmin, Cornwall PL31 2DR2
£98.5K01/210.24 mi8, The Piazza, Bodmin, Cornwall PL31 2DR2
£107.5K06/220.24 mi9, The Piazza, Bodmin, Cornwall PL31 2DR2
£130K07/230.29 mi2, Hillside Court, Bodmin, Cornwall PL31 2LF2
£96K05/210.29 mi6, Hillside Court, Bodmin, Cornwall PL31 2LF2
£105K06/210.29 mi4, Hillside Court, Bodmin, Cornwall PL31 2LF2
£230K02/210.4 mi32, Tanwood View, Bodmin, Cornwall PL31 2PN2
£137K11/210.49 miFlat 8, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ2
£170K04/220.49 miFlat 7, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ2
£120K08/230.51 mi11, Berrycoombe Vale, Bodmin, Cornwall PL31 2PH2
£207K03/220.53 mi2, Berry Towers, Bodmin, Cornwall PL31 2EE2
£130K04/220.7 mi41, Royffe Way, Bodmin, Cornwall PL31 1GA2
£197.5K04/220.72 mi18, Royffe Way, Bodmin, Cornwall PL31 1GA2
£112K04/230.72 mi44, Royffe Way, Bodmin, Cornwall PL31 1GA2
£97.5K08/220.72 mi40, Royffe Way, Bodmin, Cornwall PL31 1GA2
£286K06/210.82 mi2, Westheath Road, Bodmin, Cornwall PL31 1QQ2

Local Rents

16 rents from £595/mo to £925/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£69512/240.11 mi-2
£72509/240.11 mi-2
£72510/240.11 mi-2
£70012/240.19 mi-2
£82506/240.22 miBodmin2
£59506/240.23 mi5a St Nicholas Street, Bodmin2
£65006/240.26 miThe Piazza, Bodmin, Cornwall, PL312
£79504/250.27 mi-2
£90001/250.31 mi-2
£89503/250.33 mi-2
£92503/250.33 mi-2
£80001/250.35 mi-2
£69506/240.36 miFlat 2 2 Beaconsfield Terrace, Bodmin2
£67506/240.37 mi23 Castle Hill Court, Bodmin, PL31 2LE2
£59506/240.38 miTown End, Bodmin, Cornwall, PL312
£85006/240.41 mi-2

Local Area Statistics

Population in PL31

14,568

Population in Bodmin

24,877

Town centre distance

0.18 miles away

Nearest school

0.10 miles away

Nearest train station

3.18 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Price changed to £120,000

December 4, 2024

Listed for £130,000

April 8, 2024

Sold for £135,000

2022

Sold for £137,500

2016

Sold for £103,000

2002

Sold for £28,500

1998

Floor Plans

Description

A WELL APPOINTED TWO BEDROOM GROUND FLOOR LEASEHOLD APARTMENT LOCATED WITHIN WALKING DISTANCE OF THE TOWN CENTRE.

The accommodation comprises porch, lounge, kitchen, inner hall, two bedrooms and bathroom. The apartment benefits from double glazed windows, mains gas central heating and has an enclosed rear courtyard. The property may appeal to those who are looking to make a first time purchase. We are awaiting further information from the vendor on the detail of the lease.

Bodmin has all the traditional elements of a market town, and caters well for daily needs, together with several supermarkets, an independent Cinema, leisure centre, several Junior schools, a Secondary/6th Form School and a College. The town is well placed for transport links to the Cornwall Coast, with easy access to the A30. The Camel Trail provides a walking and cycling route through to Padstow.

Agent Details

Miller Countrywide, Bodmin

01208 223243

Next Steps?

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