2 Bed Flat, Single Let, Barnstaple, EX32 9HF, £150,000

2 PORTLAND COURT, VICTORIA ROAD, BARNSTAPLE, EX32 9HF - 10 months ago

Sold STC
BTL
ROI: 1%
~62 m²
+8 photos

ValuationFair Value

Sold Prices£88K - £205K
Sold Prices/m²£1.9K/m² - £3.4K/m²

 

 

Square Metres

~61.70 m²
Price/m²£2.4K/m²

Value Estimate

£150,952

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£625 - £1,100

Rent Estimate

£650

Running Costs/mo

£619

Cashflow/mo

£31

Cashflow/yr

£375

ROI

1%

Gross Yield

5%

Local Sold Prices

33 sold prices from £88K to £205K, average is £145K. £1.9K/m² to £3.4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£145K11/210.01 miFlat 8, Portland Court, Victoria Road, Barnstaple, Devon EX32 9HF2
£155K06/230.2 mi19a, Summerland Street, Barnstaple, Devon EX32 8JH2
£185K08/210.26 miFlat 3, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX2
£153K09/210.26 miFlat 2, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX2
£120K08/230.28 miFlat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£117K01/210.28 miFlat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£108K05/210.28 miFlat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£122K02/230.28 miFlat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£118K06/220.28 miFlat 4, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£180K09/220.28 mi14, Hills View, Barnstaple, Devon EX32 8BN2
£119K12/200.3 miFlat 7, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA2
£125K07/220.36 mi12, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£140K01/230.37 mi18, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£120K05/210.37 mi9, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£88K04/210.38 mi22, Brewer Road, Barnstaple, Devon EX32 8EX2
£162.5K07/220.38 mi11, Brewer Road, Barnstaple, Devon EX32 8EX2
£137.5K04/230.44 miTop Floor Flat, 37, Richmond Street, Barnstaple, Devon EX32 7DP2
£115K09/210.5 mi14a - 14b, Joy Street, Barnstaple, Devon EX31 1BS2
£205K04/210.61 mi1, Coronation Street, Barnstaple, Devon EX32 7AY2
£120K05/230.68 mi55, East Park Road, Barnstaple, Devon EX32 8PL2
£185K02/230.68 mi46a, Silverwood Heights, Barnstaple, Devon EX32 7RJ2
£178K07/210.72 miFlat 8, Park View, Pilton Causeway, Barnstaple, Devon EX32 7FB2
£175K07/210.85 miApartment 24, Cleave Point, Cleave Road, Sticklepath, Barnstaple, Devon EX31 2AT2
£102K01/230.86 mi43, Otter Way, Barnstaple, Devon EX32 8PS2
£127K12/220.86 mi23, Stoat Park, Barnstaple, Devon EX32 8PT2
£160K10/220.86 mi31, Stoat Park, Barnstaple, Devon EX32 8PT2
£139K06/220.86 mi20, Stoat Park, Barnstaple, Devon EX32 8PT2
£180K02/210.87 mi87, Pilton Street, Barnstaple, Devon EX31 1PQ2
£186.8K10/220.87 mi87, Pilton Street, Barnstaple, Devon EX31 1PQ2
£150K11/220.9 mi41, Otter Way, Barnstaple, Devon EX32 8PS2
£168K03/220.94 miFlat 4, College Court, Old Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2BG2
£147K05/210.94 miFlat 2, College Court, Old Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2BG2
£190K12/200.99 mi4, West End, Barnstaple, Devon EX31 1GL2

Local Rents

21 rents from £625/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£80003/240.16 miAshleigh Road, Barnstaple, EX322
£1,10011/230.19 mi-2
£85009/230.28 mi-2
£80001/240.28 mi-2
£95011/230.28 mi-2
£82512/230.3 mi-2
£85012/240.3 mi-2
£1,10011/230.3 mi-2
£1,10009/240.3 mi-2
£92504/240.32 miQueen Street, Barnstaple2
£92505/240.32 miQueen Street, Barnstaple2
£62504/240.33 miNewport Road, Barnstaple, Devon2
£92504/240.34 miQueen Street, Barnstaple2
£67504/240.35 miDoone House, Barnstaple, Devon2
£79502/250.36 mi-2
£72504/240.39 miBarnstaple2
£92503/240.4 miRegent House, Queens Street2
£87503/240.44 miWalton Way, Barnstaple2
£69504/240.49 miLoverings Court, Barnstaple, EX312
£97510/230.56 mi-2
£69503/240.59 miBoutport Street, Barnstaple, Devon, EX312

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.48 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Price changed to £150,000

November 8, 2024

Listed for £160,000

July 6, 2024

Floor Plans

Description

  • GROUND FLOOR PURPOSE BUILT APARTMENT +
  • DOUBLE ASPECT LOUNGE / DINER +
  • KITCHEN / BREAKFAST ROOM +
  • TWO DOUBLE BEDROOMS +
  • MODERN SHOWER ROOM +
  • GARAGE EN-BLOC +
  • COURTYARD GARDEN +
  • ATTRACTIVE COMMUNAL GARDENS +
  • DOUBLE GLAZING AND ELECTRIC HEATING +
  • NO ONWARD CHAIN +

Chequers Estate are pleased to offer a conveniently situated purpose built, two bedroom ground floor apartment. Located in Portland Court which is conveniently close to both the amenities of Newport and Barnstaple town centre. This apartment has the advantage of attractive communal gardens, a courtyard garden and a garage, which is situated in a nearby block. No onward chain.

Chequers Estate Agents are pleased to offer this purpose built, two bedroom ground floor apartment situated within a convenient location, close to both the amenities of Newport and Barnstaple town centre.

The property benefits from attractive and well maintained communal gardens, courtyard garden and a garage which is situated in a nearby block, along with visitors parking. The apartment is in good condition throughout and benefits from UPVC double glazed windows and electric heating. A communal front door with security entry phone, leads to a spacious and welcoming hallway with a lockable storage cupboard which belongs to flat 2. The accommodation briefly comprises of entrance hall, double aspect lounge, kitchen/breakfast room, two double bedrooms and a modern shower room.

Location - Barnstaple - 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, Codden Hill and Woolacombe are within easy reach, as is Exmoor. Barnstaple Train Station is also within a short walk or drive.

Communal Hallway - With private lockable storage shed belonging to flat 2, door leading to courtyard garden.

Hallway - Spacious and welcoming space, two fitted cupboards, electric heating, cloak space, laminate flooring, security entry phone system.

Lounge / Diner - 4.04 x 4.12 (13'3" x 13'6" ) - Two double glazed windows, fireplace with electric fire, wall mounted electric storage heater, fitted carpet.

Kitchen / Breakfast Room - 3.69 x 2.49 (12'1" x 8'2" ) - Two double glazed windows, range of cupboards and drawers. Space and plumbing for washing machine, built in fridge freezer, built in dishwasher, Bosch integrated electric oven. Airing cupboard, laminate flooring.

Bedroom One - 3.60 x 3.02 (11'9" x 9'10" ) - Double glazed window, electric heater, fitted wardrobe, fitted carpet.

Bedroom Two - 2.77 x 3.02 (9'1" x 9'10" ) - Double glazed window, electric heater, fitted carpet.

Shower Room - 2.77 x 1.49 (9'1" x 4'10" ) - Double glazed window, modern suite comprising shower cubicle, towel radiator, low level W.C, hand basin with vanity cabinet below, vinyl flooring.

Outside - To the front of the property are well maintained communal grounds. To the rear is a courtyard garden that comes with the flat. There is also the benefit of an en-bloc garage (4.92m X 2.44m) and also visitors parking.

Agents Note - 999 year lease, started in April 1971 with 946 years remaining. Service charge £924.87 P/A ground rent £435 P/A

Agents 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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