2 Bed Flat, Single Let, Hayle, TR27 4BQ, £225,000

Penpol Terrace, Hayle, TR27 4BQ - a year ago

Sold STC
Leasehold
BTL
ROI: 1%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£135K - £525K
Sold Prices/m²£2.6K/m² - £9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£274,747
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£950 - £2,700

Rent Estimate

£950

Running Costs/mo

£913

Cashflow/mo

£37

Cashflow/yr

£443

ROI

1%

Gross Yield

5%

Local Sold Prices

18 sold prices from £135K to £525K, average is £228.8K. £2.6K/m² to £9K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£190K11/210.09 mi59a, Penpol Terrace, Hayle, Cornwall TR27 4BQ2
£195K11/210.09 mi59b, Penpol Terrace, Hayle, Cornwall TR27 4BQ2
£200K12/210.17 miFlat 6, Bayview Court, Bay View Terrace, Hayle, Cornwall TR27 4JY2
£180K11/210.46 miFlat 2, Malthouse Court, Sea Lane, Hayle, Cornwall TR27 4DU2
£180K11/210.47 miFlat 2, Malthouse Court, Sea Lane, Hayle, Cornwall TR27 4DU2
£186K07/230.54 miFlat 8, St. Johns Court, St Johns Street, Hayle, Cornwall TR27 4LN2
£200K09/220.54 miFlat 1, St. Johns Court, St Johns Street, Hayle, Cornwall TR27 4LN2
£135K04/210.68 miFlat 3, St Georges Hall, Market Square, Hayle, Cornwall TR27 4BN2
£265K02/221.11 mi9, Gadwall Rise, Hayle, Cornwall TR27 6GP2
£292.5K11/221.11 mi7, Gadwall Rise, Hayle, Cornwall TR27 6GP2
£257.5K09/221.78 mi6 Rotorua Apartments, Trencrom Lane, Carbis Bay, St Ives, Cornwall TR26 2TD2
£525K12/201.82 miFlat 5, Gwel Marten, Headland Road, Carbis Bay, St. Ives, Cornwall TR26 2PB2
£323K10/211.94 miTresco, Poldhu Close, Carbis Bay, St. Ives, Cornwall TR26 2SJ2
£342K02/232.09 mi5, Godrevy Court, Carbis Bay, St Ives, Cornwall TR26 2RL2
£379K11/232.8 miPrimrose Court, Flat 12, Primrose Valley, St Ives, Cornwall TR26 2ED2
£399.9K01/212.9 miFlat 1, Cordyline Croft, The Belyars, St Ives, Cornwall TR26 2GQ2
£195K02/212.91 miFlat 5, Lansdowne, The Belyars, St. Ives, Cornwall TR26 2DA2
£295K10/222.93 miFlat 3, Stone Court, Albert Road, St Ives, Cornwall TR26 2EH2

Local Rents

13 rents from £950/mo to £2.7K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£2,40011/230.15 mi-2
£2,40011/230.15 mi-2
£2,70002/240.15 mi-2
£2,40001/240.15 mi-2
£2,70005/240.15 mi-2
£95010/240.21 miStation Hill, Hayle2
£1,00010/240.23 miHarveys Yard, Hayle2
£1,50010/240.27 miNorth Quay, Hayle, Cornwall2
£1,60010/240.27 miApartment 24, The Yard, North Quay, TR27 4FX 2
£1,65010/240.27 mi Apartment 20, The Yard, North Quay, TR27 4FX2
£95012/240.35 mi-2
£95010/240.35 mi-2
£95012/240.35 mi-2

Local Area Statistics

Population in TR27

14,776

Town centre distance

0.48 miles away

Nearest school

0.40 miles away

Nearest train station

0.17 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Buyer's market

Capital growth (5yrs)

+43%

Property History

Listed for £225,000

May 21, 2024

Floor Plans

Description

  • TWO BEDROOMS +
  • LOUNGE/DINER +
  • KITCHEN +
  • LAUNDRY ROOM +
  • BATHROOM +
  • VIEWS OVER THE HARBOUR AND ESTUARY +
  • PRIVATE PARKING * REAR GARDEN +
  • DOUBLE GLAZING * GAS CENTRAL HEATING +
  • NO ONWARD CHAIN * VIEWING ESSENTIAL * LEASEHOLD WITH A SHARE OF THE FREEHOLD +
  • EPC = D * COUNCIL TAX BAND = RATED FOR BUSINESS +

Enjoying far-reaching views over Hayle Harbour to Lelant and the estuary is this two bedroom ground floor apartment that benefits from private parking and rear garden. With spacious accommodation throughout, including a laundry room to the rear. In a perfect location for access to the beach, shops and local amenities and offered to the market with no onward chain.

Property additional info

Double glazed door to:

HALLWAY:
Radiator.

LOUNGE/DINER: 28' 4" x 11' 3" (8.64m x 3.43m)
Double glazed bay window to the front, enjoying superb views over Hayle Harbour to Lelant and the estuary, two radiators, double glazed window to the rear, gas fire on ornated hearth and surround.

KITCHEN: 15' 2" x 6' 6" (4.62m x 1.98m)
Double glazed window and door to the side, tiled flooring, breakfast bar, a range of base and wall mounted cupboards, electric double oven, electric hob with extractor hood over, integrated fridge freezer, plumbing for the dishwasher, circular stainless steel sink with mixer tap and drainer, complementary tiling.

BEDROOM ONE: 16' 2" x 13' 2" (4.93m x 4.01m)
Double glazed bay window to the front enjoying views of the Harbour, Lelant and and estuary, radiator.

BEDROOM TWO: 12' 1" x 7' 6" (3.68m x 2.29m)
Double glazed window to the rear with deep sill, radiator.

BATHROOM: 7' 3" x 5' 10" (2.21m x 1.78m)
Panelled bath with hand grips, separate shower over and shower screen, low level WC, vanity sink unit with storage under, opaque double glazed window to the rear with deep tiled sill, tiled flooring, fully tiled walls, extractor fan, heated towel rail.

LAUNDRY ROOM: 6' 7" x 4' 5" (2.01m x 1.35m)
With tiled flooring, Velux roof light, plumbing for washing machine, complementary tiling, wall mounted Baxi gas boiler.

OUTSIDE:
To the front of the property steps up to central pathway to the apartment with paved patio to both sides. To the rear, paved patio, useful storage shed, outside tap, steps up to the private parking space.

SERVICES:
Mains electricity, water (metered) and gas.

AGENTS NOTE:
We understand from Openreach website that Superfast Fibre Broadband (FTTC) is available to the property. We tested the mobile phone signal for EE which was good. The property is constructed of block.

LEASE:
Remainder of 125 years set up in October 2015

CHARGES:
No ground rent or service charge. 50% maintenance as required.

Agent Details

Marshalls Estate Agents, Penzance

01736 808705

Next Steps?

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