2 Bed Flat, Single Let, Langport, TA10 9TH, £130,000

Brookland Road, Langport, TA10 9TH - 4 views - 7 months ago

Sold STC

Leasehold

BTL

ROI: 1%

~68 m²

ValuationUndervalued

Sold Prices	£102.5K - £205K
Sold Prices/m²	£1.6K/m² - £2.9K/m²

Square Metres	~68.11 m²
Price/m²	£1.9K/m²
Value Estimate	£144,774£144,774
BMV	11%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£32,500£32,500
Stamp Duty & Legal Fees	£5,100£5,100
Total Cash In	£37,600£37,600

Cash Out
Rent Range	£550 - £3,250£550 - £3,250
Rent Estimate	£578
Running Costs/mo	£542£542
Cashflow/mo	£36£36
Cashflow/yr	£434£434
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

8 sold prices from £102.5K to £205K, average is £123.8K. £1.6K/m² to £2.9K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£106K	05/21	0 mi	103, Brookland Road, Langport, Somerset TA10 9TH	£2,208	48	2	Flat
£123K	01/21	0 mi	59, Brookland Road, Langport, Somerset TA10 9TH	£2,121	58	2	Flat
£205K	10/22	0.07 mi	36, Bartletts Elm, Langport, Somerset TA10 9BS	£2,929	70	2	Flat
£102.5K	03/23	0.07 mi	15, Bartletts Elm, Langport, Somerset TA10 9BS	£1,577	65	2	Flat
£115K	08/21	0.55 mi	8, Moor Close, Langport, Somerset TA10 9RR	£1,788	64	2	Flat
£124.5K	07/21	0.64 mi	Flat 2, Stonehouse Court, North Street, Langport, Somerset TA10 9RL	-	-	2	Flat
£124.5K	07/21	0.65 mi	Flat 2, Stonehouse Court, North Street, Langport, Somerset TA10 9RL	-	-	2	Flat
£190K	11/22	0.71 mi	Flat 1, Ouseley House, The Hill, Langport, Somerset TA10 9PU	-	-	2	Flat

Local Rents

18 rents from £550/mo to £3.3K/mo, average is £653/mo.

Rent	Date	Distance	Address	Beds	Type
£750	09/24	0.03 mi	Brookland Road, Langport	1	Flat
£1,800	09/24	0.41 mi	Newtown, Langport	4	Detached House
£1,850	09/24	0.46 mi	Wearne, Nr Langport	4	Detached House
£660	12/24	0.75 mi	-	1	Flat
£585	02/25	0.75 mi	-	1	Flat
£640	09/24	0.75 mi	-	2	House
£595	09/24	0.76 mi	-	2	House
£575	07/24	0.76 mi	-	1	Flat
£680	04/25	0.76 mi	-	1	Flat
£825	09/24	1.02 mi	Bow Street, Langport, TA10	1	Flat
£1,896	09/24	1.98 mi	-	3	Detached House
£3,250	09/24	2.32 mi	Furnished Barn conversion	4	Detached House
£625	12/24	2.43 mi	-	1	House
£580	07/24	2.43 mi	-	1	Flat
£645	03/25	2.43 mi	-	1	Flat
£550	09/24	2.47 mi	Abbey Close, Curry Rivel	1	Flat
£625	08/24	2.47 mi	-	1	Flat
£1,400	08/24	2.48 mi	-	3	Semi-Detached House

Local Area Statistics

Population in TA10	9,3329,332
Town centre distance	0.09 miles away0.09 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	9.60 miles away9.60 miles away

Rental growth (12m)	-16%-16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £130,000

September 12, 2024

Sold for £77,000

2004

Sold for £46,000

2001

Floor Plans

Description

A First Floor Flat +
Two Double Bedrooms +
Modern Kitchen +
Modern Bathroom +
Living Room +
Detached Garden +

A modern first floor flat with the benefit of a garden. The accommodation comprises: living room, kitchen, two double bedrooms and a bathroom. Garden and shed.

Agent Details

English Homes, Langport

01458 552268

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC