4 Bed HMO, Barnstaple, EX31 2AX, £250,000

3 Osborne Terrace, Barnstaple, Devon, EX31 2AX - 4 views - 10 months ago

HMO
ROI: 11%
~131 m²
+16 photos

ValuationUndervalued

Sold Prices£140.5K - £820K
Sold Prices/m²£1.2K/m² - £4K/m²

 

 

Square Metres

~131 m²
Price/m²£1.9K/m²

Value Estimate

£302,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Room Rate

£598

Gross Rent

£2,392

Running Costs/mo

£1,746

Cashflow/mo

£646

Cashflow/yr

£7,757

ROI

11%

Gross Yield

11%

Local Sold Prices

43 sold prices from £140.5K to £820K, average is £337.5K. £1.2K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£340K12/200.28 miRivendell, Old Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2BE4
£190K02/210.36 mi18, Summerland Street, Barnstaple, Devon EX32 8JH4
£395K06/210.38 miArdan, High Wall, Sticklepath, Barnstaple, Devon EX31 2DP4
£140.5K12/200.39 mi15, Pulchrass Street, Barnstaple, Devon EX32 8JS4
£270K09/210.46 mi11, Fort Street, Barnstaple, Devon EX32 8BJ4
£370K12/220.5 miRastrick House, Barbican Road, Barnstaple, Devon EX32 9HW4
£230K03/210.5 mi6, Ashleigh Road, Barnstaple, Devon EX32 8JX4
£327.5K06/230.51 mi18, Hills View, Barnstaple, Devon EX32 8BN4
£237K11/220.51 mi48, Vicarage Street, Barnstaple, Devon EX32 7BT4
£225K09/210.52 mi30, Gloster Road, Barnstaple, Devon EX32 9JR4
£195K03/210.52 mi34, Gloster Road, Barnstaple, Devon EX32 9JR4
£235K12/220.53 mi22, Grosvenor Street, Barnstaple, Devon EX32 7DT4
£820K04/230.57 miParkside, 37, Park Lane, Barnstaple, Devon EX32 9AJ4
£210K02/210.59 mi68, Gloster Road, Barnstaple, Devon EX32 9JS4
£337.5K02/210.62 mi17, Anne Crescent, Barnstaple, Devon EX31 3AF4
£339.9K01/210.64 mi21, Old Torrington Road, Sticklepath, Barnstaple, Devon EX31 2DD4
£425K06/210.65 miThe Old School House, Derby Road, Barnstaple, Devon EX32 7HB4
£265K07/230.68 mi17, Warwick Terrace, Barnstaple, Devon EX32 7AR4
£245K03/230.68 mi22, Newport Road, Barnstaple, Devon EX32 9BG4
£300K03/210.68 mi43, Philip Avenue, Barnstaple, Devon EX31 3AG4
£385K12/220.69 mi46, Philip Avenue, Barnstaple, Devon EX31 3AG4
£256.5K06/210.72 mi66, Pilton Lawn, Barnstaple, Devon EX31 4AB4
£252K09/210.73 mi29, Cater Road, Barnstaple, Devon EX32 9JU4
£384K12/200.75 mi39, Pilton Street, Barnstaple, Devon EX31 1PJ4
£425K10/220.76 mi86, Pilton Street, Barnstaple, Devon EX31 1PQ4
£400K06/210.76 mi24, Rhododendron Avenue, Sticklepath, Barnstaple, Devon EX31 2DJ4
£300K05/210.78 mi2, South Street, Barnstaple, Devon EX32 9DT4
£302K02/210.8 mi4, Priory Close, Barnstaple, Devon EX31 1QX4
£205K05/210.8 mi51, Newport Road, Barnstaple, Devon EX32 9LQ4
£365K01/210.82 mi17, Philip Avenue, Barnstaple, Devon EX31 3AQ4
£412.5K07/210.82 mi3, Cot Manor, Barnstaple, Devon EX32 9BL4
£620K09/210.85 miSouth Bank, Under Minnow Road, Barnstaple, Devon EX31 1QU4
£395K03/210.88 mi8, Pill Lane, Barnstaple, Devon EX32 9EG4
£367K06/210.89 miRiver View, 2, Grieg Drive, Barnstaple, Devon EX32 8AG4
£399.5K12/200.9 mi2, Chichester Crescent, Barnstaple, Devon EX32 9JH4
£580K10/220.95 mi18, Burlington Grove, Barnstaple, Devon EX32 9BU4
£350K10/220.95 mi22, Maer Top Way, Barnstaple, Devon EX31 1RZ4
£415K11/200.96 miThe Haven, Littabourne, Barnstaple, Devon EX31 1PX4
£250K03/210.96 mi13, Crosspark Close, Barnstaple, Devon EX31 4AN4
£322.5K02/210.98 mi16, Highbury Road, Barnstaple, Devon EX32 9BY4
£470K11/200.99 mi10, Hillcrest Road, Barnstaple, Devon EX32 9EP4
£240.5K02/211 mi25, Windsor Road, Barnstaple, Devon EX31 4AG4
£435K06/231 mi14, Higher Elmwood, Roundswell, Barnstaple, Devon EX31 3SG4

Local Area Statistics

Population in EX31

25,086

Population in Barnstaple

48,982

Town centre distance

0.21 miles away

Nearest school

0.50 miles away

Nearest train station

0.16 miles away

 

 

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £250,000

June 25, 2024

Sold for £25,500

1996

Floor Plans

Description

  • SUBSTANTIAL MID-TERRACED PROPERTY +
  • FLEXIBLE AND SPACIOUS ACCOMMODATION ARRANGED OVER THREE FLOORS +
  • WELL PRESENTED WITH NO ONWARD CHAIN +
  • SHORT STROLL TO LOCAL AMENITIES AND TARKA TRAIL +
  • LOUNGE AND DINING ROOM +
  • FITTED KITCHEN AND GENEROUS UTILITY ROOM +
  • FOUR DOUBLE BEDROOMS (TWO VERY LARGE BEDROOMS) +
  • GROUND FLOOR SHOWER ROOM AND FIRST FLOOR BATHROOM +
  • SEPARATE W/C ON FIRST FLOOR LANDING +
  • CURRENTLY REGISTERED AS A HOUSE OF MULTIPLE OCCUPANCY (HMO) +

Chequers Estate Agents welcomes you to view this substantial four bedroom mid-terrace house, situated within a short stroll to Barnstaple town centre amenities and the picturesque Tarka Trail. This property is currently registered as a house of multiple occupancy, with excellent rental potential, but it could also make a fantastic family home, with spacious flexible accommodation arranged over three floors. No onward chain.

Chequers Estate Agents are delighted to present this substantial mid-terrace house, situated within a popular and convenient Sticklepath location. Close to retail parks, the attractive Tarka Trail and Barnstaple town centre itself is only a short stroll away, over the historic Barnstaple long bridge. The property is currently registered as a house of multi-occupancy (HMO) with excellent rental potential. However, due to its layout and spacious accommodation arranged over three floors, it would make a wonderful family home.

There are some lovely features to the property, such as the large bay windows to the front aspect, ornate fireplaces and high ceilings. After entering the property, the bright and welcoming hallway gives access to the generous reception rooms. There is a lounge with bay window and fireplace to the front and a dining room to the rear, that would accommodate a large table and chairs for all the family to gather around. At the end of the hallway, a door opens up to a well equipped kitchen, which in turn leads to good size utility room and separate shower room. The first floor offers a bathroom, separate W/C, and two double bedrooms, one of the bedrooms being a very spacious double bedroom with bay window and fireplace. On the second floor, the landing area with double glazed window to the rear aspect gives access to two further double bedrooms. Both of the top floor bedrooms are of a good proportion, with the bedroom to the front aspect being a particularly spacious room.

To complete the property is a rear courtyard with a rear access gate and there is the benefit of residents permit parking close by, along with double glazing and gas fired central heating throughout.

Situated in the valley of the River Taw, Barnstaple is surrounded by beautiful countryside and has a variety of great shops, supermarkets, restaurants, schools and pubs. As well as those all important recreation facilities including a leisure centre, cinema, a pannier market, and a theatre. The A361 North Devon Link Road provides convenient access to the M5 Motorway. Further sandy beaches and coastal walks at Saunton, Croyde and Woolacombe are within easy reach, as is Exmoor. Barnstaple Train Station is also within a short walk.

Entrance Hall - Double glazed door to front aspect, radiator, stairs to first floor, cloak space, tiled flooring.

Lounge - 3.24 x 4.62 (10'7" x 15'1") - Double glazed window to front aspect, radiator, ornate fireplace, laminate flooring.

Dining Room - 2.68 x 3.28 (8'9" x 10'9") - Double glazed window to rear aspect, radiator, laminate flooring.

Kitchen - 2.62 x 2.73 (8'7" x 8'11") - Double glazed window to rear aspect, understairs storage cupboard, range of cupboard and drawers, sink drainer unit, radiator, built in oven and hob, opening to utility room, tiled flooring.

Utility Room - 2.62 x 2.73 (8'7" x 8'11" ) - Double glazed window to side aspect, double glazed door leading to courtyard, space and plumbing for washing machine, space for fridge freezer, space for tumble dryer, range of fitted cupboards, tiled flooring.

Stairs To First Floor Landing - Doors off to bedrooms one and two, separate W.C.

Bedroom One - 4.65 x 4.47 (15'3" x 14'7" ) - Double glazed bay window to front aspect, radiator, ornate fireplace, laminate flooring.

Bedroom Two - 2.75 x 3.28 (9'0" x 10'9" ) - Double glazed window to rear aspect, radiator, ornate fireplace, laminate flooring.

Bathroom - 2.66 x 2.97 (8'8" x 9'8") - Double glazed window to rear aspect, radiator, ornate fireplace, bath, pedestal hand basin, cupboard housing boiler, laminate flooring.

Second Floor Landing - Double glazed window to rear aspect, doors to bedrooms three and four.

Bedroom Three - 4.51 x 3.16 (14'9" x 10'4" ) - Radiator, ornate fireplace, double glazed window to front aspect, laminate flooring.

Bedroom Four - 2.74 x 3.21 (8'11" x 10'6" ) - Double glazed window to rear aspect, radiator, laminate flooring.

Outside - Residents permit parking. To the rear is an enclosed courtyard with gate providing pedestrian access.

Note - For clarification we wish to inform prospective purchasers that we have prepared these sales particulars as a general guide. Some photographs may have been taken using a wide angle lens. We have not carried out a detailed survey, nor tested the services, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. If there are important matters which are likely to affect your decision to buy, please contact us before viewing the property.

Agent Details

Chequers, Barnstaple

020 3870 5056

Next Steps?

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