3 Bed Semi-Detached House, Refurb/BRRR, Bodmin, PL31 2PS, £245,000

28 Alexandra Road, Bodmin, Cornwall, PL31 2PS - 1 views - 9 months ago

Refurb/BRRR
~118 m²
+12 photos

ValuationFair Value

Sold Prices£133K - £410K
Sold Prices/m²£1.4K/m² - £4.5K/m²

 

 

Square Metres

~117.50 m²
Price/m²£2.1K/m²

Value Estimate

£247,450

 

 

End Value (After Refurb)

£258,242

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£8,550

Refurb Costs

£50,906

Bridging Loan Interest

£6,431

Total Cash In

£128,888

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£258,242

Mortgage (After Refinance)

£193,681

Mortgage LTV

75%

Cash Released

£9,931

Cash Left In

£118,956

Equity

£64,560

Rent Range

£530 - £1,500

Rent Estimate

£883

Running Costs/mo

£1,004

Cashflow/mo

£-121

Cashflow/yr

£-1,447

Gross Yield

4%

Local Sold Prices

50 sold prices from £133K to £410K, average is £204K. £1.4K/m² to £4.5K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£135K02/210.07 mi20, Bodiniel View, Bodmin, Cornwall PL31 2PQ3
£250K07/230.1 mi34, Sherwood Drive, Bodmin, Cornwall PL31 2PR3
£210K09/230.1 mi20, Tredanek Close, Bodmin, Cornwall PL31 2PJ3
£163K02/230.1 mi9, Tredanek Close, Bodmin, Cornwall PL31 2PJ3
£163.5K12/220.11 mi19, Berrycoombe Vale, Bodmin, Cornwall PL31 2PH3
£195K11/200.16 mi12, Midway Road, Bodmin, Cornwall PL31 2PT3
£230K02/230.18 mi9, Quarry Park Terrace, Bodmin, Cornwall PL31 2QD3
£256K08/220.22 mi2, Paull Road, Bodmin, Cornwall PL31 1QJ3
£245K02/210.22 mi36, Tanwood View, Bodmin, Cornwall PL31 2PN3
£145K04/210.25 mi2, St Leonards Terrace, Bodmin, Cornwall PL31 1LH3
£215K05/230.27 mi19, Cherry Tree Close, Bodmin, Cornwall PL31 1QF3
£370K08/210.28 mi20, Barn Lane, Bodmin, Cornwall PL31 1LW3
£410K05/230.29 mi7, Maple Close, Bodmin, Cornwall PL31 1QY3
£267K07/220.29 mi10, Rowan Close, Bodmin, Cornwall PL31 1QE3
£170K11/200.31 mi14, Chestnut Grove, Bodmin, Cornwall PL31 1QD3
£197.5K11/220.34 mi15, Old Market Place, Bodmin, Cornwall PL31 1NA3
£164.9K06/210.34 mi1, Old Market Place, Bodmin, Cornwall PL31 1NA3
£395K07/230.34 mi33, Beech Drive, Bodmin, Cornwall PL31 1QA3
£200K07/210.35 mi8, Margaret Corner, Bodmin, Cornwall PL31 1HL3
£210K12/220.35 mi34, Flamank Park, Bodmin, Cornwall PL31 1LX3
£155K11/200.35 mi9, Flamank Park, Bodmin, Cornwall PL31 1LX3
£133K03/210.35 mi35, Hillside Park, Bodmin, Cornwall PL31 2NB3
£150K12/220.36 mi61, Hillside Park, Bodmin, Cornwall PL31 2NE3
£185K06/210.37 mi23, Margaret Crescent, Bodmin, Cornwall PL31 1JH3
£179.9K12/200.37 mi9, Margaret Crescent, Bodmin, Cornwall PL31 1JH3
£151K02/230.4 mi121, Hillside Park, Bodmin, Cornwall PL31 2NQ3
£140K05/210.4 mi2, Vivian Road, Bodmin, Cornwall PL31 1QX3
£248K08/210.42 mi2, Westheath Avenue, Bodmin, Cornwall PL31 1QH3
£210K03/210.43 mi24, St Marys Road, Bodmin, Cornwall PL31 1NJ3
£320K07/210.44 mi7, Queens Crescent, Bodmin, Cornwall PL31 1QN3
£400K06/230.47 mi30, Berrycoombe Road, Bodmin, Cornwall PL31 2NR3
£190K02/210.47 mi27, Elizabeth Close, Bodmin, Cornwall PL31 1HY3
£160K05/210.48 mi60, Queens Crescent, Bodmin, Cornwall PL31 1QW3
£178K12/200.48 mi36, Queens Crescent, Bodmin, Cornwall PL31 1QW3
£157.5K01/210.48 mi28, Queens Crescent, Bodmin, Cornwall PL31 1QW3
£215K07/230.48 mi44, Queens Crescent, Bodmin, Cornwall PL31 1QW3
£240K02/230.48 mi28, Queens Crescent, Bodmin, Cornwall PL31 1QW3
£233.6K11/220.48 mi11, Statham Road, Bodmin, Cornwall PL31 1JL3
£235K06/230.49 mi20a, Trelawney Road, Bodmin, Cornwall PL31 1NT3
£219.9K03/210.5 mi4, Laroche Walk, Bodmin, Cornwall PL31 2SB3
£175K12/200.51 mi17, Torwood Close, Bodmin, Cornwall PL31 1ND3
£173K04/210.51 mi2, Burden Close, Bodmin, Cornwall PL31 1NY3
£270K02/210.54 mi30, Whitestone Crescent, Bodmin, Cornwall PL31 1PF3
£137.5K11/200.54 mi136, Kinsman Estate, Bodmin, Cornwall PL31 1PN3
£220K10/220.55 mi2, Broomfield Drive, Bodmin, Cornwall PL31 1QT3
£208K11/210.56 mi27, Robartes Road, Bodmin, Cornwall PL31 1JG3
£260K10/200.57 mi36, St Marys Road, Bodmin, Cornwall PL31 1NL3
£167K05/210.57 mi6, Robartes Road, Bodmin, Cornwall PL31 1JQ3
£165K11/220.58 mi117, Kinsman Estate, Bodmin, Cornwall PL31 1PH3
£252K02/210.58 mi101, St Marys Road, Bodmin, Cornwall PL31 1NH3

Local Rents

50 rents from £530/mo to £1.5K/mo, average is £713/mo.

RentDateDistanceAddressBeds 
£95006/240.08 mi3 Bodiniel View, Bodmin, PL31 2PQ3
£59506/240.23 miTown End, Bodmin, Cornwall, PL312
£1,25006/240.23 mi8 Tremayne House Park Drive, Bodmin3
£69506/240.25 miFlat 2 2 Beaconsfield Terrace, Bodmin2
£80001/250.26 mi-2
£89503/250.27 mi-2
£92503/250.27 mi-2
£90012/240.34 mi-2
£1,45006/240.35 mi-4
£53003/240.36 mi-1
£55006/240.37 mi-1
£85006/240.38 mi-2
£1,15012/240.45 mi-3
£69512/240.51 mi-2
£72509/240.51 mi-2
£72510/240.51 mi-2
£59512/240.51 mi Lower Bore Street, Bodmin, PL311
£59506/240.62 mi-1
£99506/240.63 mi82 Fore Street, Bodmin, Cornwall, PL313
£59512/240.63 mi-1
£1,20004/240.71 mi-4
£95006/240.72 mi18 Foster Drive, Bodmin3
£59506/240.75 miGround Floor Flat, 55 Pool Street, Bodmin, PL31 2HB1
£82506/240.75 miBodmin2
£57002/250.77 mi-1
£1,25006/240.78 miFore Street, Bodmin1
£70012/240.78 mi-2
£1,25009/240.81 mi-3
£59006/240.81 mi-1
£59006/240.81 mi-1
£59506/240.83 mi5a St Nicholas Street, Bodmin2
£65006/240.83 miThe Piazza, Bodmin, Cornwall, PL312
£61003/250.84 mi-1
£57506/240.84 mi-1
£57502/250.84 mi-1
£57502/250.84 mi-1
£95006/240.85 mi-3
£67503/250.92 mi-1
£65003/250.92 mi-1
£67506/240.93 mi23 Castle Hill Court, Bodmin, PL31 2LE2
£72506/240.94 miSt. Gurons, Bodmin1
£95006/241.09 mi14 Halgavor Road, Bodmin2
£1,50006/241.18 miBodmin5
£1,25007/241.18 mi-3
£1,35007/241.2 mi-3
£62506/241.26 mi73 Royffe Way Bodmin, PL31 1GA2
£57506/241.26 mi63 Royffe Way, Bodmin1
£57506/241.26 mi67 Royffe Way, Bodmin1
£85012/241.26 miRoyffe Way, Bodmin, PL313
£1,19506/241.42 miGilbert Road, Bodmin, Cornwall, PL313

Local Area Statistics

Population in PL31

14,568

Population in Bodmin

24,877

Town centre distance

0.75 miles away

Nearest school

0.10 miles away

Nearest train station

3.76 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Price changed to £245,000

September 25, 2024

Listed for £250,000

June 17, 2024

Sold for £173,500

2004

Floor Plans

Description

A THREE BEDROOM SEMI DETACHED HOUSE SITUATED IN A POPULAR RESIDENTIAL AREA BENEFITTING FROM DRIVEWAY PARKING AND AN ENCLOSED REAR GARDEN AFFORDING FAR REACHING COUNTRYSIDE VIEWS.

The accommodation that does require some updating and modernisation comprise’s entrance hall, lounge with window to the front, kitchen/ dining room where access can be gained onto the garden, good size lobby / utility space with access to the front of the property and a hobbies room that was the former garage to the property. On the first floor there are three bedrooms and shower room. The property benefits from off road driveway parking, modern double glazing, mains gas central heating, versatile hobbies room being the former garage and from the rear aspect views are enjoyed towards Scarlett’s Well Park, the Camel Trail and surrounding countryside.

Alexandra Road is situated within close proximity of the camel trail, located approximately one mile from the town centre and affords fine views over distant countryside towards Dunmere Woods. The town of Bodmin caters well for day to day needs and has several supermarkets as well as primary schools, a secondary school and Leisure centre. Bodmin is situated within proximity to the A30 dual carriageway and has a mainline train station.

Agent Details

Miller Countrywide, Bodmin

01208 223243

Next Steps?

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