2 Bed Flat, Single Let, Bodmin, PL31 2JU, £110,000

51A Lower Bore Street, Bodmin, Cornwall, PL31, PL31 2JU - 2 views - 8 months ago

Leasehold

BTL

ROI: 5%

~61 m²

+12 photos

ValuationUndervalued

Sold Prices	£74.2K - £286K
Sold Prices/m²	£1.2K/m² - £3.7K/m²

Square Metres	~60.90 m²
Price/m²	£1.8K/m²
Value Estimate	£114,411£114,411
BMV	4%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£4,500£4,500
Total Cash In	£32,000£32,000

Cash Out
Rent Range	£595 - £925£595 - £925
Rent Estimate	£629
Running Costs/mo	£490£490
Cashflow/mo	£139£139
Cashflow/yr	£1,673£1,673
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

20 sold prices from £74.2K to £286K, average is £120K. £1.2K/m² to £3.7K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£85K	09/23	0.02 mi	Flat 4, Gregorys Court, Robartes Road, Bodmin, Cornwall PL31 1HW	£1,848	46	2	Flat
£120K	06/22	0.13 mi	73a, Fore Street, Bodmin, Cornwall PL31 2JB	-	-	2	Flat
£130K	07/23	0.19 mi	2, Hillside Court, Bodmin, Cornwall PL31 2LF	-	-	2	Flat
£96K	05/21	0.19 mi	6, Hillside Court, Bodmin, Cornwall PL31 2LF	£1,882	51	2	Flat
£105K	06/21	0.19 mi	4, Hillside Court, Bodmin, Cornwall PL31 2LF	£1,510	70	2	Flat
£135K	01/21	0.27 mi	14a, Fore Street, Bodmin, Cornwall PL31 2HQ	£1,164	116	2	Flat
£230K	02/21	0.3 mi	32, Tanwood View, Bodmin, Cornwall PL31 2PN	£3,651	63	2	Flat
£90K	03/21	0.3 mi	17, The Piazza, Bodmin, Cornwall PL31 2DR	£1,669	54	2	Flat
£98.5K	01/21	0.3 mi	8, The Piazza, Bodmin, Cornwall PL31 2DR	£1,931	51	2	Flat
£107.5K	06/22	0.31 mi	9, The Piazza, Bodmin, Cornwall PL31 2DR	£1,762	61	2	Flat
£74.2K	02/21	0.33 mi	First Floor Flat, 2, Crinnicks Hill, Bodmin, Cornwall PL31 1AL	-	-	2	Flat
£120K	08/23	0.42 mi	11, Berrycoombe Vale, Bodmin, Cornwall PL31 2PH	£1,875	64	2	Flat
£137K	11/21	0.45 mi	Flat 8, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ	-	-	2	Flat
£170K	04/22	0.45 mi	Flat 7, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ	-	-	2	Flat
£207K	03/22	0.55 mi	2, Berry Towers, Bodmin, Cornwall PL31 2EE	-	-	2	Flat
£286K	06/21	0.79 mi	2, Westheath Road, Bodmin, Cornwall PL31 1QQ	£3,043	94	2	Flat
£130K	04/22	0.81 mi	41, Royffe Way, Bodmin, Cornwall PL31 1GA	£2,241	58	2	Flat
£197.5K	04/22	0.83 mi	18, Royffe Way, Bodmin, Cornwall PL31 1GA	-	-	2	Flat
£112K	04/23	0.83 mi	44, Royffe Way, Bodmin, Cornwall PL31 1GA	£2,383	47	2	Flat
£97.5K	08/22	0.83 mi	40, Royffe Way, Bodmin, Cornwall PL31 1GA	-	-	2	Flat

Local Rents

15 rents from £595/mo to £925/mo, average is £725/mo.

Rent	Date	Distance	Address	Beds	Type
£695	12/24	0 mi	-	2	Flat
£725	09/24	0 mi	-	2	Flat
£725	10/24	0 mi	-	2	Flat
£825	06/24	0.26 mi	Bodmin	2	Flat
£895	03/25	0.26 mi	-	2	Terraced House
£925	03/25	0.26 mi	-	2	Terraced House
£700	12/24	0.27 mi	-	2	Flat
£900	12/24	0.27 mi	-	2	Terraced House
£800	01/25	0.27 mi	-	2	Terraced House
£695	06/24	0.29 mi	Flat 2 2 Beaconsfield Terrace, Bodmin	2	Flat
£850	06/24	0.3 mi	-	2	Terraced House
£595	06/24	0.3 mi	Town End, Bodmin, Cornwall, PL31	2	Flat
£650	06/24	0.32 mi	The Piazza, Bodmin, Cornwall, PL31	2	Flat
£595	06/24	0.33 mi	5a St Nicholas Street, Bodmin	2	Flat
£675	06/24	0.43 mi	23 Castle Hill Court, Bodmin, PL31 2LE	2	Flat

Local Area Statistics

Population in PL31	14,56814,568
Population in Bodmin	24,87724,877
Town centre distance	0.29 miles away0.29 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	3.29 miles away3.29 miles away

Rental growth (12m)	+2%+2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+33%+33%

Property History

Listed for £110,000

July 20, 2024

Floor Plans

Description

* SOLD STC BY STRATTON CREBER*

An excellent opportunity to purchase a newly refurbished ground floor apartment which is located in the heart of Bodmin.

The well-proportioned accommodation comprises: entrance lobby, living room, fitted kitchen with built in appliances, 2 double bedrooms and a shower room.

Recent improvements include redecoration throughout and newly fitted carpets.

Benefits include double glazing and slimline electric heating.

The property is considered ideal as a first time purchase. A viewing appointment is highly recommended and can easily be arranged.

Lease - 118 years
Service Charge - £1,080 p.a.
Ground rent - £150 p.a.

Agent Details

Stratton Creber, Bodmin

01208 228708

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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