2 Bed Flat, Single Let, Bude, EX23 8RT, £160,000

Flexbury Park Court, Bude, Cornwall, EX23 8RT - 9 months ago

Sold STC
BTL
ROI: 3%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£118K - £600K
Sold Prices/m²£2.4K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£196,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Total Cash In

£49,900

 

 

Cash Out

 

Rent Range

£675 - £1,600

Rent Estimate

£825

Running Costs/mo

£685

Cashflow/mo

£140

Cashflow/yr

£1,680

ROI

3%

Gross Yield

6%

Local Sold Prices

15 sold prices from £118K to £600K, average is £255K. £2.4K/m² to £5.8K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£220K12/200.12 miTop Flat, 9, Downs View, Bude, Cornwall EX23 8RF2
£335K12/200.15 mi22, West Fairholme Road, Bude, Cornwall EX23 8JD2
£230K01/230.28 miFlat 8, Erdiston Court, Summerleaze Crescent, Bude, Cornwall EX23 8HG2
£580K12/220.35 miApartment 4, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND2
£377K08/230.36 miApartment 7, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND2
£345K06/210.36 miApartment 28, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND2
£600K09/210.36 miApartment 4, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND2
£235K07/220.39 mi24b, Bramble Hill, Bude, Cornwall EX23 8DG2
£275K12/220.41 mi2b, Strand, Bude, Cornwall EX23 8QU2
£120K02/210.55 mi10 The Octagon, The Strand, Bude, Cornwall EX23 8RA2
£255K07/220.58 miFlat 4, Roseveare, Bencoolen Road, Bude, Cornwall EX23 8PJ2
£190K06/220.71 miFlat 21, Pentyre Court, Vicarage Road, Bude, Cornwall EX23 8JQ2
£191K01/210.73 miFlat 1, Granary Court, Higher Wharf, Bude, Cornwall EX23 8LW2
£118K04/231.28 miFlat 1-4, Tree View, Fore Street, Stratton, Bude, Cornwall EX23 9DA2
£385K10/221.44 mi4, Piran Heights, Upton, Bude, Cornwall EX23 0LY2

Local Rents

22 rents from £675/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,60003/240.06 mi-2
£1,60003/240.06 mi-2
£1,40009/230.06 mi-2
£1,40009/230.06 mi-2
£1,40001/240.06 mi-2
£1,40001/240.06 mi-2
£1,60005/240.06 mi-2
£1,40003/240.06 mi-2
£1,40005/240.06 mi-2
£1,40003/240.06 miView, Bude, EX232
£1,60004/240.06 miDowns View, Bude, EX232
£1,40005/240.06 miView, Bude, EX232
£95003/240.12 miDowns View, Bude2
£82505/240.15 mi-2
£82505/240.15 miDowns View, Bude, EX232
£82504/240.22 miBude, Cornwall2
£1,00003/240.24 miWest Park Road, Bude2
£67504/240.24 miDowns View, Bude2
£92503/240.36 miBude, Cornwall2
£76503/240.36 miLansdown Road, Bude2
£90006/240.37 mi-2
£90006/240.37 mi-2

Local Area Statistics

Population in EX23

15,617

Town centre distance

0.39 miles away

Nearest school

0.50 miles away

Nearest train station

24.96 miles away

 

 

Rental growth (12m)

+6%

Sales demand

Buyer's market

Capital growth (5yrs)

+37%

Property History

Price changed to £160,000

December 26, 2024

Listed for £150,000

July 19, 2024

Description

  • Ground floor two-bedroom apartment +
  • Quarter share of the freehold +
  • Fantastic location for local amenities +
  • Exciting investment opportunity +
  • EPC Rating D +

First floor two-bedroom apartment | GARDEN | Quarter share of the freehold | Fantastic location for local amenities | Exciting investment opportunity | EPC Rating D.

DESCRIPTION
A two-bedroom first floor apartment located in the popular residential area of Flexbury in Bude. The property is offered to the market with a 999 year lease at a peppercorn rent and a quarter share of the freehold and represents an exciting opportunity as an investment or first time purchase.

The apartment briefly comprises an entrance porch, living/dining room, kitchen, two double bedrooms and a bathroom. Outside the property has one allocated parking space.

SITUATION
Situated on popular residential street within the town, the property is a short walking distance of popular sandy beaches, stunning coastal scenery, public houses, restaurants and the towns 18 hole links golf course.

Bude town centre is within easy distance and offers a wide range of commercial, education and recreational facilities including primary and secondary schools, range of independent and national shopping outlets and supermarkets. The A39 ’Atlantic Highway’ is around 1 mile away and provides excellent road access north to the larger towns of Bideford and Barnstaple. Barnstaple offers modern shopping stores, theatre, hospital, technical college and access via the North Devon link road to the M5.

OUTSIDE
To the front of the property is an off-road communal parking area, with one space allocated to Flat 4.

SERVICES
Mains electricity, water and drainage.

COUNCIL TAX BAND
A.

ENERGY EFFICIENCY RATING
D.

TENURE
The flat owns a quarter share of the freehold and the owners form part of the management company.

SERVICE CHARGE/MAINTENANCE
TBC once management company has been created.

FLOOR PLANS
The floor plans displayed are not to scale and are for identification purposes only.

DIRECTIONS
From our office in Bude proceed along Belle Vue, at the top of the hill continue straight ahead onto Golf House Road. At the bottom of the hill opposite the church the property can be found on the left-hand side.

WHAT.3.WORDS.COM LOCATION
///panning.optimally.confident

VIEWINGS Please ring to view this property and check availability before incurring travel time/costs. FULL DETAILS OF ALL OUR PROPERTIES ARE AVAILABLE ON OUR WEBSITE
IMPORTANT NOTICE
Kivells, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Kivells have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Agent Details

Kivells, Bude

01288 272823

Next Steps?

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