2 Bed Flat, Single Let, Hayle, TR27 4DY, £190,000

Fore Street, Hayle, TR27 4DY - 1 views - 9 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£135K - £525K
Sold Prices/m²£2.6K/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£235,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£795 - £2,700

Rent Estimate

£863

Running Costs/mo

£786

Cashflow/mo

£77

Cashflow/yr

£920

ROI

2%

Gross Yield

5%

Local Sold Prices

14 sold prices from £135K to £525K, average is £200K. £2.6K/m² to £6.7K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£135K04/210.06 miFlat 3, St Georges Hall, Market Square, Hayle, Cornwall TR27 4BN2
£200K09/220.1 miFlat 1, St. Johns Court, St Johns Street, Hayle, Cornwall TR27 4LN2
£186K07/230.1 miFlat 8, St. Johns Court, St Johns Street, Hayle, Cornwall TR27 4LN2
£180K11/210.16 miFlat 2, Malthouse Court, Sea Lane, Hayle, Cornwall TR27 4DU2
£180K11/210.17 miFlat 2, Malthouse Court, Sea Lane, Hayle, Cornwall TR27 4DU2
£200K12/210.48 miFlat 6, Bayview Court, Bay View Terrace, Hayle, Cornwall TR27 4JY2
£190K11/210.61 mi59a, Penpol Terrace, Hayle, Cornwall TR27 4BQ2
£195K11/210.61 mi59b, Penpol Terrace, Hayle, Cornwall TR27 4BQ2
£265K02/221.72 mi9, Gadwall Rise, Hayle, Cornwall TR27 6GP2
£292.5K11/221.72 mi7, Gadwall Rise, Hayle, Cornwall TR27 6GP2
£525K12/202.31 miFlat 5, Gwel Marten, Headland Road, Carbis Bay, St. Ives, Cornwall TR26 2PB2
£257.5K09/222.34 mi6 Rotorua Apartments, Trencrom Lane, Carbis Bay, St Ives, Cornwall TR26 2TD2
£323K10/212.48 miTresco, Poldhu Close, Carbis Bay, St. Ives, Cornwall TR26 2SJ2
£342K02/232.58 mi5, Godrevy Court, Carbis Bay, St Ives, Cornwall TR26 2RL2

Local Rents

18 rents from £795/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£79512/240 mi-2
£79510/240 mi-2
£85012/240.07 mi-2
£1,10010/240.31 miHayle. TR27 4FT2
£95012/240.44 mi-2
£95010/240.44 mi-2
£95012/240.44 mi-2
£95010/240.59 miStation Hill, Hayle2
£2,40011/230.62 mi-2
£2,40011/230.62 mi-2
£2,70002/240.62 mi-2
£2,40001/240.62 mi-2
£2,70005/240.62 mi-2
£1,50010/240.74 miNorth Quay, Hayle, Cornwall2
£1,60010/240.75 miApartment 24, The Yard, North Quay, TR27 4FX 2
£1,65010/240.75 mi Apartment 20, The Yard, North Quay, TR27 4FX2
£1,00010/240.77 miHarveys Yard, Hayle2
£97511/240.86 mi-2

Local Area Statistics

Population in TR27

14,776

Town centre distance

0.59 miles away

Nearest school

0.30 miles away

Nearest train station

0.59 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Buyer's market

Capital growth (5yrs)

+43%

Property History

Price changed to £190,000

February 28, 2025

Price changed to £200,000

October 3, 2024

Listed for £215,000

July 25, 2024

Description

  • GROUND FLOOR APARTMENT +
  • TWO BEDROOMS +
  • OPEN PLAN LIVING / KITCHEN / DINING ROOM +
  • BATHROOM +
  • ALLOCATED PARKING SPACE +
  • DOUBLE GLAZING +
  • GAS CENTRAL HEATING +
  • VIEWING HIGHLY RECOMMENDED +
  • COUNCIL TAX BAND = RATED FOR BUSINESS USE +
  • EPC = C * APPROXIMATELY 69 SQUARE METRES +

A well-presented two-bedroom ground floor flat with a designated parking space, centrally located in the heart of Hayle town. Converted to a high standard around 17 years ago, this property boasts an inviting open-plan layout comprising a spacious living area, well-equipped kitchen, and dining space. Accompanied by a stylish bathroom and two cozy bedrooms, this residence offers a perfect blend of comfort and convenience. Ideal for investors or first-time buyers, don't miss the chance to view this opportunity firsthand – schedule your viewing today.

Property additional info

DOOR TO COMMUNAL ENTRANCE HALL WITH FURTHER DOOR TO THE APARTMENT

HALLWAY:
Tiled flooring, built in alcove for keys.

OPEN PLAN LIVING / KITCHEN / DINING ROOM

LIVING AREA: 16' 0" x 15' 6" narrowing to 12' 0" (4.88m x 4.72m - 3.66m)
Double glazed windows to the front and side, Dimplex wall mounted night storage heater, inset spotlights, tiled flooring.

KITCHEN / DINING AREA: 15' 7" x 9' 10" (4.75m x 3.00m)
Two windows to the side, range of base and wall mounted units with one and a half bowl stainless steel sink unit and mixer tap, built in oven and hob with extractor hood over, space for freestanding fridge/freezer, plumbing for washing machine, inset spotlights, small breakfast bar area.

BEDROOM ONE: 11' 11" x 7' 4" (3.63m x 2.24m)
Window to the side, Dimplex wall mounted night storage heater.

BEDROOM TWO: 11' 11" x 7' 1" (3.63m x 2.16m)
Window to the side, Dimplex wall mounted night storage heater.

BATHROOM: 11' 9" x 5' 7" (3.58m x 1.70m)
Modern suite comprising low level w.c., pedestal wash hand basin with illuminated mirror over, panelled bath with mains shower over, built in cupboard housing immersion tank.

OUTSIDE:
There is a communal bin store area.

PARKING SPACE:
For one vehicle.

LEASE:
Remainder of 999 year lease setup in 2007. Once all the apartments in the building are sold the freehold will be passed on to the leaseholders.

CHARGES:
Ground rent of approximately £200 per annum, service charge approximately £500 per annum to include buildings insurance.

AGENTS NOTE:
The property is constructed of mostly granite under a tiled roof. We checked the phone signal for EE which was adequate. We understand from Openreach.com that standard broadband (ADSL) is available to the property.

Agent Details

Marshalls Estate Agents, Penzance

01736 808705

Next Steps?

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