3 Bed Flat, Single Let, Barnstaple, EX31 1QU, £185,000

Under Minnow Road, Barnstaple, Devon, EX31 1QU - 3 views - 6 months ago

Leasehold
BTL
ROI: 1%
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£150K - £332.5K
Sold Prices/m²£2.1K/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£137,535

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£730 - £2,500

Rent Estimate

£803

Running Costs/mo

£759

Cashflow/mo

£44

Cashflow/yr

£531

ROI

1%

Gross Yield

5%

Local Sold Prices

4 sold prices from £150K to £332.5K, average is £267.5K.

PriceDateDistanceAddressBeds 
£225K12/220.28 miApartment 5, Pilton Quayside, Pilton Quay, Barnstaple, Devon EX31 1RN3
£150K08/210.61 mi33, Magdalene Lawn, Barnstaple, Devon EX32 7ET3
£332.5K09/210.95 miApartment 23, Cleave Point, Cleave Road, Sticklepath, Barnstaple, Devon EX31 2AT3
£310K03/211.46 mi15, Rosewood Grove, Roundswell, Barnstaple, Devon EX31 3SD3

Local Rents

11 rents from £730/mo to £2.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95004/240.43 miGranville Avenue, Barnstaple, Devon, EX323
£78506/240.67 mi-3
£78506/240.67 mi-3
£2,50001/250.68 mi-3
£2,50002/250.68 mi-3
£1,50002/250.68 mi-3
£1,20009/240.69 mi-3
£73005/240.71 miBoutport Street, Barnstaple, Devon3
£1,00010/240.75 mi-3
£92503/241.02 miMartin Road, Barnstaple, Devon, EX323
£1,35005/241.02 miWestfield Avenue, Barnstaple, Devon3

Local Area Statistics

Population in EX31

25,086

Population in Barnstaple

48,982

Town centre distance

0.68 miles away

Nearest school

0.10 miles away

Nearest train station

1 miles away

 

 

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £185,000

September 12, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • SITUATED CLOSE TO LOCAL AMENITITES +
  • SPACIOUS LIVING ROOM WITH FAR REACHING VIEWS +
  • GAS FIRED CENTRAL HEATING +
  • THREE BEDROOMS +
  • SINGLE GARAGE +
  • STORAGE SHED +
  • VIEWING RECOMMENDED +

This spacious first-floor apartment offers generous accommodation, perfect for families or those seeking extra space. The property boasts three bedrooms, including two well-proportioned double bedrooms that provide plenty of space for comfort and storage, and a smaller third bedroom that can easily function as a home office or study.

The large living room is one of the apartment's standout features, offering ample space for relaxing or entertaining, with large windows that flood the room with natural light and provide far-reaching views, ideal for those who appreciate scenic surroundings.

The kitchen, though not modern in design, offers plenty of potential and space for appliances. It has a charming, traditional feel, making it perfect for those who prefer a classic kitchen layout. There is worktop space for preparing meals and enough room for white goods or additional appliances, providing flexibility for culinary enthusiasts.

The family bathroom is well-appointed with a bath and sink, while the separate WC adds further convenience for a busy household.

Outside, the property benefits from a single garage, offering protection for your vehicle or additional storage options. There is also a useful storage shed, perfect for gardening tools, bicycles, or any outdoor equipment. Overall, this apartment offers a perfect blend of space, practicality, and scenic views, making it an excellent choice for those looking for a comfortable home.
From our office head out of town in the direction of Braunton. At the roundabout take the third exit and head up towards the hospital on Pilton Causeway. At the traffic lights turn left into Pilton Quay then immediately right into Pilton Street. Follow the road up the hill and round the sharp corner heading down the hill on Bull Lane then onto Under Minnow Road. At the top of this road you will see the property on your left hand side, before Chaddiford Lane, surrounded by walling.

Agent Details

Webbers Property Services, Barnstaple

01271 443477

Next Steps?

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