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

6 Portmarsh Lane, Barnstaple, Devon, EX32 9HY - 9 months ago

Leasehold

BTL

ROI: 2%

45 m²

+4 photos

ValuationOvervalued

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

Square Metres	45 m²
Price/m²	£3.3K/m²
Value Estimate	£114,234£114,234

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£9,200£9,200
Total Cash In	£46,700£46,700

Cash Out
Rent Range	£625 - £1,100£625 - £1,100
Rent Estimate	£703
Running Costs/mo	£629£629
Cashflow/mo	£74£74
Cashflow/yr	£884£884
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

32 sold prices from £88K to £205K, average is £142.5K. £1.9K/m² to £3.4K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£145K	11/21	0.07 mi	Flat 8, Portland Court, Victoria Road, Barnstaple, Devon EX32 9HF	-	-	2	Flat
£155K	06/23	0.27 mi	19a, Summerland Street, Barnstaple, Devon EX32 8JH	-	-	2	Flat
£185K	08/21	0.27 mi	Flat 3, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX	-	-	2	Flat
£153K	09/21	0.27 mi	Flat 2, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX	-	-	2	Flat
£125K	07/22	0.28 mi	12, Hollowtree Court, Barnstaple, Devon EX32 9DL	£2,315	54	2	Flat
£140K	01/23	0.29 mi	18, Hollowtree Court, Barnstaple, Devon EX32 9DL	£2,539	55	2	Flat
£120K	05/21	0.29 mi	9, Hollowtree Court, Barnstaple, Devon EX32 9DL	£2,174	55	2	Flat
£88K	04/21	0.34 mi	22, Brewer Road, Barnstaple, Devon EX32 8EX	-	-	2	Flat
£162.5K	07/22	0.34 mi	11, Brewer Road, Barnstaple, Devon EX32 8EX	£2,447	66	2	Flat
£120K	08/23	0.35 mi	Flat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ	-	-	2	Flat
£117K	01/21	0.35 mi	Flat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ	-	-	2	Flat
£108K	05/21	0.35 mi	Flat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ	-	-	2	Flat
£122K	02/23	0.35 mi	Flat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ	-	-	2	Flat
£118K	06/22	0.35 mi	Flat 4, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ	-	-	2	Flat
£180K	09/22	0.36 mi	14, Hills View, Barnstaple, Devon EX32 8BN	£2,855	63	2	Flat
£119K	12/20	0.38 mi	Flat 7, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA	-	-	2	Flat
£137.5K	04/23	0.51 mi	Top Floor Flat, 37, Richmond Street, Barnstaple, Devon EX32 7DP	-	-	2	Flat
£115K	09/21	0.57 mi	14a - 14b, Joy Street, Barnstaple, Devon EX31 1BS	-	-	2	Flat
£120K	05/23	0.63 mi	55, East Park Road, Barnstaple, Devon EX32 8PL	£1,875	64	2	Flat
£205K	04/21	0.69 mi	1, Coronation Street, Barnstaple, Devon EX32 7AY	-	-	2	Flat
£185K	02/23	0.73 mi	46a, Silverwood Heights, Barnstaple, Devon EX32 7RJ	-	-	2	Flat
£178K	07/21	0.8 mi	Flat 8, Park View, Pilton Causeway, Barnstaple, Devon EX32 7FB	-	-	2	Flat
£127K	12/22	0.81 mi	23, Stoat Park, Barnstaple, Devon EX32 8PT	£2,592	49	2	Flat
£160K	10/22	0.81 mi	31, Stoat Park, Barnstaple, Devon EX32 8PT	£3,404	47	2	Flat
£102K	01/23	0.81 mi	43, Otter Way, Barnstaple, Devon EX32 8PS	-	-	2	Flat
£139K	06/22	0.81 mi	20, Stoat Park, Barnstaple, Devon EX32 8PT	-	-	2	Flat
£150K	11/22	0.86 mi	41, Otter Way, Barnstaple, Devon EX32 8PS	£3,333	45	2	Flat
£175K	07/21	0.89 mi	Apartment 24, Cleave Point, Cleave Road, Sticklepath, Barnstaple, Devon EX31 2AT	-	-	2	Flat
£180K	02/21	0.95 mi	87, Pilton Street, Barnstaple, Devon EX31 1PQ	-	-	2	Flat
£186.8K	10/22	0.95 mi	87, Pilton Street, Barnstaple, Devon EX31 1PQ	-	-	2	Flat
£168K	03/22	0.96 mi	Flat 4, College Court, Old Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2BG	-	-	2	Flat
£147K	05/21	0.96 mi	Flat 2, College Court, Old Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2BG	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£825	12/23	0.22 mi	-	2	Flat
£850	12/24	0.22 mi	-	2	Flat
£800	03/24	0.23 mi	Ashleigh Road, Barnstaple, EX32	2	Flat
£1,100	11/23	0.24 mi	-	2	Terraced House
£625	04/24	0.25 mi	Newport Road, Barnstaple, Devon	2	Flat
£850	09/23	0.34 mi	-	2	Flat
£800	01/24	0.34 mi	-	2	Flat
£950	11/23	0.34 mi	-	2	Flat
£1,100	11/23	0.35 mi	-	2	Flat
£1,100	09/24	0.35 mi	-	2	Flat
£925	04/24	0.39 mi	Queen Street, Barnstaple	2	Flat
£925	05/24	0.39 mi	Queen Street, Barnstaple	2	Flat
£925	04/24	0.41 mi	Queen Street, Barnstaple	2	Flat
£675	04/24	0.42 mi	Doone House, Barnstaple, Devon	2	Flat
£795	02/25	0.42 mi	-	2	Flat
£875	03/24	0.46 mi	Walton Way, Barnstaple	2	Detached House
£725	04/24	0.47 mi	Barnstaple	2	House
£925	03/24	0.47 mi	Regent House, Queens Street	2	Flat
£695	04/24	0.56 mi	Loverings Court, Barnstaple, EX31	2	Flat

Local Area Statistics

Population in EX32	23,89623,896
Population in Barnstaple	48,98248,982
Town centre distance	0.54 miles away0.54 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.59 miles away0.59 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+33%+33%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+13%+13%

Property History

Price changed to £150,000

February 24, 2025

Listed for £155,000

July 25, 2024

Floor Plans

Description

2 Bedroom Apartment +
1st Floor +
Open Plan Kitchen/Living +
Modern Fitted Kitchen +
Bathroom +
Parking For 1 Car +
Car Port +
Close To Town Centre +
Ideal First Time Buy/Investment +
No Onward Going Chain +

No6 is a good size 2 bedroom apartment that is located on the second floor. The property has an open plan kitchen/living room with a modern kitchen with matching cupboards at base and eye level together with integrated oven and space for a fridge/freezer.

To the rear of the apartment are 2 bedrooms both overlooking the rear garden together with an airing cupboard with plumbing for a washing machine.

To the front of the property there is an allocated parking space in the carport for 1 car together with access to the rear garden which is laid to stone chippings.

Agent Details

BLaK Property, Bideford

01237 871102

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents