2 Bed Flat, Single Let, SY7 0PN £230,000

Rectory Court, Clungunford, Craven Arms, Shropshire, SY7 0PN - a year ago

BTL

~93 m²

Valuation

Sold Prices	£175K - £310K
Sold Prices/m²	£3.1K/m² - £3.1K/m²

Square Metres	~93.30 m²
Price/m²	£2.5K/m²

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£70,200£70,200

Cash Out
Rent Range	£575 - £2,250£575 - £2,250
Rent Estimate	£750
Running Costs/mo	£889£889
Cashflow/mo	£-139£-139
Cashflow/yr	£-1,665£-1,665
Gross Yield	4%4%

Local Sold Prices

12 sold prices from £175K to £310K, average is £200K. £3.1K/m² to £3.1K/m², average is £3.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£203K	03/22	0 mi	Rectory Court, 1, Church Road, Craven Arms SY7 0PN	-	-	2	Flat
£203K	03/22	0 mi	1, Rectory Court, Church Road, Craven Arms SY7 0PN	-	-	2	Flat
£310K	08/25	0 mi	2, Rectory Court, Church Road, Craven Arms SY7 0PN	-	-	2	Flat
£200K	08/23	1.91 mi	Aston Hall, 7, Aston-on-clun, Aston On Clun SY7 8ER	£3,086	65	2	Flat
£200K	08/23	1.91 mi	7, Aston Hall, Aston-on-clun, Aston On Clun SY7 8ER	-	-	2	Flat
£215K	03/23	1.91 mi	Aston Hall, 5, Junction On B4368 To Arcadie, Craven Arms SY7 8ER	-	-	2	Flat
£215K	03/23	1.91 mi	5, Aston Hall, Junction On B4368 To Arcadie, Craven Arms SY7 8ER	-	-	2	Flat
£200K	01/24	2.41 mi	Leintwardine Manor, 3, A4113 From The Firs To High Street, Craven Arms SY7 0LU	-	-	2	Flat
£200K	01/24	2.41 mi	3, Leintwardine Manor, A4113 From The Firs To High Street, Craven Arms SY7 0LU	-	-	2	Flat
£175K	11/22	2.41 mi	4, Leintwardine Manor, A4113 From The Firs To High Street, Craven Arms SY7 0LU	-	-	2	Flat
£175K	11/22	2.41 mi	Leintwardine Manor, 4, A4113 From The Firs To High Street, Craven Arms SY7 0LU	-	-	2	Flat
£200K	01/24	2.41 mi	3, Leintwardine Manor, A4113 From The Firs To High Street, Craven Arms SY7 0LU	-	-	2	Flat

Local Rents

10 rents from £575/mo to £2.3K/mo, average is £900/mo.

Rent	Date	Distance	Address	Beds	Type
£900	05/25	0.17 mi	Clungunford, Craven Arms, Shropshire	3	Terraced House
£695	04/25	1.42 mi	Broadward, Clungunford, Craven Arms, Shropshire	2	House
£1,000	09/24	1.56 mi	The Heath, Clungunford, Craven Arms, Herefordshire	3	Flat
£1,000	09/24	1.64 mi	The Old Chapel, Twitchen, Clunbury, Nr Craven Arms	3	Detached House
£575	08/25	1.89 mi	The Yews, Clunbury, Craven Arms, Shropshire	2	Terraced House
£900	07/25	1.93 mi	Mill Street, Aston-on-Clun, Craven Arms, Shropshire	2	Detached House
£2,000	07/25	1.93 mi	Aston-on-Clun, Craven Arms, Shropshire	7	Detached House
£2,250	10/25	1.97 mi	Clunbury, Craven Arms	5	Detached House
£775	10/24	2.27 mi	-	2	Semi-Detached House
£750	09/24	2.4 mi	Longmeadow End, Craven Arms, Shropshire	2	Flat

Local Area Statistics

Population in SY7	11,16011,160
Nearest school	1.90 miles away1.90 miles away
Nearest train station	1.28 miles away1.28 miles away

Rental growth (12m)	+13%+13%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £230,000

June 25, 2024

Floor Plans

Description

A spacious, light and airy first floor Two Bedroom Apartment with LPG central heating and double glazing. Retaining much of its original character. Private Garden, small communal wood, parking and Garage. Available with no upward chain. EPC D.

Agent Details

McCartneys LLP, Ludlow

01584 708413

Next Steps?

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

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