2 Bed Flat, Single Let, Bideford, EX39 1AR, £162,000

The Square, Northam, Bideford, Devon, EX39 1AR - 8 months ago

Leasehold
BTL
ROI: 2%
~57 m²
+18 photos

ValuationOvervalued

Sold Prices£88K - £222.5K
Sold Prices/m²£1.9K/m² - £3.7K/m²

 

 

Square Metres

~56.58 m²
Price/m²£2.9K/m²

Value Estimate

£132,455

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,500

Stamp Duty & Legal Fees

£9,300

Total Cash In

£49,800

 

 

Cash Out

 

Rent Range

£640 - £950

Rent Estimate

£753

Running Costs/mo

£677

Cashflow/mo

£76

Cashflow/yr

£914

ROI

2%

Gross Yield

6%

Local Sold Prices

25 sold prices from £88K to £222.5K, average is £137.5K. £1.9K/m² to £3.7K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£102.5K05/210.25 mi28, Lilybridge, Northam, Bideford, Devon EX39 1TL2
£102.5K05/210.25 mi28, Lilybridge, Northam, Bideford, Devon EX39 1TL2
£125K12/220.25 mi20, Lilybridge, Northam, Bideford, Devon EX39 1TL2
£115K11/220.25 mi8, Lilybridge, Northam, Bideford, Devon EX39 1TL2
£120K12/220.25 mi23, Lilybridge, Northam, Bideford, Devon EX39 1TL2
£120K01/210.3 mi76, Kimberley Park, Northam, Bideford, Devon EX39 1GG2
£118.4K10/200.3 miFlat 14, Carnegie North, Clevelands Park, Northam, Bideford, Devon EX39 3QH2
£141.8K06/210.3 miFlat 4, Carnegie South, Clevelands Park, Northam, Bideford, Devon EX39 3QH2
£173K11/210.32 mi20, Dolphin Court, Northam, Bideford, Devon EX39 1BQ2
£169K05/210.32 mi7, Dolphin Court, Northam, Bideford, Devon EX39 1BQ2
£172K01/210.32 mi18, Dolphin Court, Northam, Bideford, Devon EX39 1BQ2
£142K01/210.32 mi10, Dolphin Court, Northam, Bideford, Devon EX39 1BQ2
£137.5K10/220.49 mi62, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£102.5K06/210.53 mi49, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£88K03/210.53 mi37, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£153K05/210.59 miFlat 2, Grosvenor House, Goodwood Park Road, Northam, Bideford, Devon EX39 2RR2
£145K07/210.68 mi6, The Fairways, Westward Ho, Bideford, Devon EX39 1TQ2
£198.5K12/220.88 miFlat 18, Kipling Court, Kipling Terrace, Westward Ho, Bideford, Devon EX39 1HY2
£123K01/210.91 miFlat 15, Kipling Court, Kipling Terrace, Westward Ho, Bideford, Devon EX39 1HY2
£184K06/230.92 miFlat 21, Kipling Court, Kipling Terrace, Westward Ho, Bideford, Devon EX39 1HY2
£117.5K04/230.92 miFlat 10, Kipling Court, Kipling Terrace, Westward Ho, Bideford, Devon EX39 1HY2
£135K10/200.92 miFlat 1, Kipling Court, Kipling Terrace, Westward Ho, Bideford, Devon EX39 1HY2
£147K12/200.95 miFlat 3, Puffin Court, Bay View Road, Northam, Bideford, Devon EX39 1AF2
£222.5K03/230.97 miFlat 5, Puffin Court, Bay View Road, Northam, Bideford, Devon EX39 1AF2
£175K03/230.97 miFlat 10, Puffin Court, Bay View Road, Northam, Bideford, Devon EX39 1AF2

Local Rents

11 rents from £640/mo to £950/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£82504/240.07 miFore Street, Bideford, Devon2
£80005/240.09 miNorth Street, Bideford, Devon2
£75005/240.28 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£75005/240.28 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£77510/230.29 mi-2
£85004/240.34 miKimberley Park, Bideford, Devon2
£64004/240.51 miKala Fair, Westward Ho2
£95003/240.53 mi-2
£95006/240.53 mi-2
£85005/240.61 mi-2
£85004/240.61 miRidgeway Court, Westward Ho, EX392

Local Area Statistics

Population in EX39

37,175

Town centre distance

1.81 miles away

Nearest school

0.20 miles away

Nearest train station

6.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Price changed to £162,000

October 31, 2024

Price changed to £169,950

September 30, 2024

Listed for £175,000

August 2, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • TOP FLOOR APARTMENT +
  • FAR-REACHING VIEWS +
  • BALCONY +
  • HISTORIC FEATURES AND CHARM +
  • WITHIN WALKING DISTANCE OF LOCAL AMENITIES AND ON A BUS ROUTE +
  • FRESHLY DECORATED THROUGHOUT +
  • LONG LEASE +

Apartment 7, Chapel house is located on the top floor of this historical converted chapel, which still retains character features and charm including the exposed wooden beams and stunning stain glass windows. It is in the heart of Northam so within walking distance of the shops and on a bus route and only one mile from Westward Ho! and less than two miles from Appledore.

From the front door you enter a communal hallway with stairs that ascend to the top floor, whilst passing the beautifully, crafted stain glass windows. Apartment 7 welcomes you into a hallway that gives access to all principal rooms.

The open plan living area provides a wonderfully, spacious room, which is light and airy and provides a room to sit and relax. The vaulted ceilings oozes historic charm, as well as combining a modern living arrangement.

The kitchen offers a fitted range of matching floor and base level units, including an integrated electric oven, hob fridge and freezer. This kitchen space is further extended with access to a private, sunny balcony with space for bistro table and chairs, the perfect spot for morning coffee or an evening glass of wine whilst taking in the far-reaching views towards Appledore and Northam burrows..

The apartment also features two bedrooms with the main being a large double in size with a large Velux window allowing the room to fill with natural light and a built-in cupboard for storage. The smaller second bedroom can also be used as a second bedroom or utilised as a home office / study and also has a built-in cupboard.

The main bathroom features a four-piece white suite including WC, wash basin, bath and separate shower cubicle.

NB: Parking is available on street nearby but there is also a public car park is £2 per day with residence permits also available upon request

NB. Lease Information
Benefitting from the remainder of 999 year lease (approx. 973 years remaining) and Share of the Freehold
Maintenance charge £650.00 per annum approx.
Ground Rent £10.00 per annum approx.
Insurance Premium £130.00 per annum approx.
From Bideford Quay, proceed along Heywood Road towards Westward Ho!. Turn right into Fore Street and continue into Northam Village where the property can be found a short distance from the square.

Agent Details

Webbers Property Services, Bideford

01237 871237

Next Steps?

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