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





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£302,500 |
BMV | 21% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £62,500£62,500 |
Stamp Duty & Legal Fees | £8,700£8,700 |
Total Cash In | £71,200£71,200 |
| |
Cash Out | |
Room Rate | £598£598 |
Gross Rent | £2,392£2,392 |
Running Costs/mo | £1,746£1,746 |
Cashflow/mo | £646£646 |
Cashflow/yr | £7,757£7,757 |
ROI | 11%11% |
Gross Yield | 11%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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£340K | 12/20 | 0.28 mi | Rivendell, Old Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2BE | - | - | 4 | Detached House | |
£190K | 02/21 | 0.36 mi | 18, Summerland Street, Barnstaple, Devon EX32 8JH | £1,210 | 157 | 4 | Terraced House | |
£395K | 06/21 | 0.38 mi | Ardan, High Wall, Sticklepath, Barnstaple, Devon EX31 2DP | £2,507 | 158 | 4 | Detached House | |
£140.5K | 12/20 | 0.39 mi | 15, Pulchrass Street, Barnstaple, Devon EX32 8JS | £1,479 | 95 | 4 | Terraced House | |
£270K | 09/21 | 0.46 mi | 11, Fort Street, Barnstaple, Devon EX32 8BJ | £1,957 | 138 | 4 | Terraced House | |
£370K | 12/22 | 0.5 mi | Rastrick House, Barbican Road, Barnstaple, Devon EX32 9HW | £2,721 | 136 | 4 | Detached House | |
£230K | 03/21 | 0.5 mi | 6, Ashleigh Road, Barnstaple, Devon EX32 8JX | - | - | 4 | Terraced House | |
£327.5K | 06/23 | 0.51 mi | 18, Hills View, Barnstaple, Devon EX32 8BN | - | - | 4 | Terraced House | |
£237K | 11/22 | 0.51 mi | 48, Vicarage Street, Barnstaple, Devon EX32 7BT | - | - | 4 | Terraced House | |
£225K | 09/21 | 0.52 mi | 30, Gloster Road, Barnstaple, Devon EX32 9JR | £2,641 | 85 | 4 | Terraced House | |
£195K | 03/21 | 0.52 mi | 34, Gloster Road, Barnstaple, Devon EX32 9JR | £2,508 | 78 | 4 | Terraced House | |
£235K | 12/22 | 0.53 mi | 22, Grosvenor Street, Barnstaple, Devon EX32 7DT | £2,098 | 112 | 4 | Terraced House | |
£820K | 04/23 | 0.57 mi | Parkside, 37, Park Lane, Barnstaple, Devon EX32 9AJ | - | - | 4 | Detached House | |
£210K | 02/21 | 0.59 mi | 68, Gloster Road, Barnstaple, Devon EX32 9JS | £2,211 | 95 | 4 | Terraced House | |
£337.5K | 02/21 | 0.62 mi | 17, Anne Crescent, Barnstaple, Devon EX31 3AF | £2,909 | 116 | 4 | Detached House | |
£339.9K | 01/21 | 0.64 mi | 21, Old Torrington Road, Sticklepath, Barnstaple, Devon EX31 2DD | £3,269 | 104 | 4 | Semi-Detached House | |
£425K | 06/21 | 0.65 mi | The Old School House, Derby Road, Barnstaple, Devon EX32 7HB | - | - | 4 | Detached House | |
£265K | 07/23 | 0.68 mi | 17, Warwick Terrace, Barnstaple, Devon EX32 7AR | - | - | 4 | Terraced House | |
£245K | 03/23 | 0.68 mi | 22, Newport Road, Barnstaple, Devon EX32 9BG | £2,481 | 99 | 4 | Terraced House | |
£300K | 03/21 | 0.68 mi | 43, Philip Avenue, Barnstaple, Devon EX31 3AG | £2,326 | 129 | 4 | Detached House | |
£385K | 12/22 | 0.69 mi | 46, Philip Avenue, Barnstaple, Devon EX31 3AG | £3,565 | 108 | 4 | Semi-Detached House | |
£256.5K | 06/21 | 0.72 mi | 66, Pilton Lawn, Barnstaple, Devon EX31 4AB | - | - | 4 | Semi-Detached House | |
£252K | 09/21 | 0.73 mi | 29, Cater Road, Barnstaple, Devon EX32 9JU | - | - | 4 | Terraced House | |
£384K | 12/20 | 0.75 mi | 39, Pilton Street, Barnstaple, Devon EX31 1PJ | £2,385 | 161 | 4 | Terraced House | |
£425K | 10/22 | 0.76 mi | 86, Pilton Street, Barnstaple, Devon EX31 1PQ | - | - | 4 | Terraced House | |
£400K | 06/21 | 0.76 mi | 24, Rhododendron Avenue, Sticklepath, Barnstaple, Devon EX31 2DJ | £3,922 | 102 | 4 | Detached House | |
£300K | 05/21 | 0.78 mi | 2, South Street, Barnstaple, Devon EX32 9DT | £1,794 | 167 | 4 | Terraced House | |
£302K | 02/21 | 0.8 mi | 4, Priory Close, Barnstaple, Devon EX31 1QX | £2,475 | 122 | 4 | Terraced House | |
£205K | 05/21 | 0.8 mi | 51, Newport Road, Barnstaple, Devon EX32 9LQ | £1,752 | 117 | 4 | Terraced House | |
£365K | 01/21 | 0.82 mi | 17, Philip Avenue, Barnstaple, Devon EX31 3AQ | - | - | 4 | Detached House | |
£412.5K | 07/21 | 0.82 mi | 3, Cot Manor, Barnstaple, Devon EX32 9BL | £3,381 | 122 | 4 | Detached House | |
£620K | 09/21 | 0.85 mi | South Bank, Under Minnow Road, Barnstaple, Devon EX31 1QU | £3,523 | 176 | 4 | Detached House | |
£395K | 03/21 | 0.88 mi | 8, Pill Lane, Barnstaple, Devon EX32 9EG | £2,394 | 165 | 4 | Semi-Detached House | |
£367K | 06/21 | 0.89 mi | River View, 2, Grieg Drive, Barnstaple, Devon EX32 8AG | - | - | 4 | Detached House | |
£399.5K | 12/20 | 0.9 mi | 2, Chichester Crescent, Barnstaple, Devon EX32 9JH | £2,699 | 148 | 4 | Detached House | |
£580K | 10/22 | 0.95 mi | 18, Burlington Grove, Barnstaple, Devon EX32 9BU | £4,000 | 145 | 4 | Detached House | |
£350K | 10/22 | 0.95 mi | 22, Maer Top Way, Barnstaple, Devon EX31 1RZ | £3,345 | 105 | 4 | Semi-Detached House | |
£415K | 11/20 | 0.96 mi | The Haven, Littabourne, Barnstaple, Devon EX31 1PX | £2,128 | 195 | 4 | Terraced House | |
£250K | 03/21 | 0.96 mi | 13, Crosspark Close, Barnstaple, Devon EX31 4AN | £2,137 | 117 | 4 | Terraced House | |
£322.5K | 02/21 | 0.98 mi | 16, Highbury Road, Barnstaple, Devon EX32 9BY | - | - | 4 | Semi-Detached House | |
£470K | 11/20 | 0.99 mi | 10, Hillcrest Road, Barnstaple, Devon EX32 9EP | £3,072 | 153 | 4 | Detached House | |
£240.5K | 02/21 | 1 mi | 25, Windsor Road, Barnstaple, Devon EX31 4AG | £2,358 | 102 | 4 | Terraced House | |
£435K | 06/23 | 1 mi | 14, Higher Elmwood, Roundswell, Barnstaple, Devon EX31 3SG | - | - | 4 | Detached House |
Local Area Statistics
Population in EX31 | 25,08625,086 |
Population in Barnstaple | 48,98248,982 |
Town centre distance | 0.21 miles away0.21 miles away |
Nearest school | 0.50 miles away0.50 miles away |
Nearest train station | 0.16 miles away0.16 miles away |
| |
Rental growth (12m) | +25%+25% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +19%+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.
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