2 Bed Flat, Cash/Bridging Only, Barnstaple, EX32 9DL, £140,000

Hollowtree Court, Barnstaple, Devon, EX32 9DL - 6 months ago

Sold STC
Leasehold
Cash
ROI: 5%
~55 m²
+4 photos

ValuationOvervalued

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

 

 

Square Metres

~55.05 m²
Price/m²£2.5K/m²

Value Estimate

£137,214

 

 

End Value (After Refurb)

£124,225

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£22,494

Bridging Loan Interest

£3,675

Total Cash In

£71,119

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£124,225

Mortgage (After Refinance)

£93,169

Mortgage LTV

75%

Cash Left In

£71,119

Equity

£31,056

Rent Range

£625 - £1,100

Rent Estimate

£887

Running Costs/mo

£586

Cashflow/mo

£301

Cashflow/yr

£3,617

ROI

5%

Gross Yield

8%

Local Sold Prices

32 sold prices from £88K to £205K, average is £126K. £1.9K/m² to £3.4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£140K01/230 mi18, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£110K09/200 mi12, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£120K05/210 mi9, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£125K07/220.04 mi12, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£88K04/210.34 mi22, Brewer Road, Barnstaple, Devon EX32 8EX2
£162.5K07/220.34 mi11, Brewer Road, Barnstaple, Devon EX32 8EX2
£145K11/210.36 miFlat 8, Portland Court, Victoria Road, Barnstaple, Devon EX32 9HF2
£185K08/210.42 miFlat 3, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX2
£153K09/210.42 miFlat 2, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX2
£120K05/230.47 mi55, East Park Road, Barnstaple, Devon EX32 8PL2
£155K06/230.55 mi19a, Summerland Street, Barnstaple, Devon EX32 8JH2
£120K08/230.64 miFlat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£117K01/210.64 miFlat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£108K05/210.64 miFlat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£122K02/230.64 miFlat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£180K09/220.64 mi14, Hills View, Barnstaple, Devon EX32 8BN2
£118K06/220.64 miFlat 4, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£127K12/220.65 mi23, Stoat Park, Barnstaple, Devon EX32 8PT2
£160K10/220.65 mi31, Stoat Park, Barnstaple, Devon EX32 8PT2
£139K06/220.65 mi20, Stoat Park, Barnstaple, Devon EX32 8PT2
£113.5K10/200.67 miFlat 5, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA2
£113.5K10/200.67 miFlat 5, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA2
£113.5K10/200.67 miFlat 5, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA2
£119K12/200.67 miFlat 7, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA2
£102K01/230.67 mi43, Otter Way, Barnstaple, Devon EX32 8PS2
£150K11/220.71 mi41, Otter Way, Barnstaple, Devon EX32 8PS2
£137.5K04/230.8 miTop Floor Flat, 37, Richmond Street, Barnstaple, Devon EX32 7DP2
£115K09/210.86 mi14a - 14b, Joy Street, Barnstaple, Devon EX31 1BS2
£185K02/230.92 mi46a, Silverwood Heights, Barnstaple, Devon EX32 7RJ2
£205K04/210.98 mi1, Coronation Street, Barnstaple, Devon EX32 7AY2
£170K01/230.99 mi61, Westacott Meadow, Barnstaple, Devon EX32 8QX2
£127K04/210.99 mi55, Westacott Meadow, Barnstaple, Devon EX32 8QX2

Local Rents

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

RentDateDistanceAddressBeds 
£62504/240.08 miNewport Road, Barnstaple, Devon2
£82512/230.11 mi-2
£85012/240.11 mi-2
£92503/240.4 miChichester Close2
£80003/240.51 miAshleigh Road, Barnstaple, EX322
£1,10011/230.51 mi-2
£87503/240.59 miWalton Way, Barnstaple2
£85009/230.6 mi-2
£80001/240.61 mi-2
£95011/230.61 mi-2
£1,10011/230.61 mi-2
£1,10009/240.61 mi-2
£72503/240.62 miWoolbarn Lawn, Whiddon Valley, Barnstaple, Devon, EX322

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.82 miles away

Nearest school

0.10 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £140,000

September 18, 2024

Floor Plans

Description

  • Cash Buyers Only! +
  • 2 Bedroom Ground Floor Flat +
  • Close to Local Schools +
  • Close to Local Amenities +
  • Close to Town Centre +
  • Plenty of Unallocated Parking +
  • Great Transport Links +
  • Call Now To Book Your Early Viewing +

Discover urban convenience at Hollow Tree Court, Barnstaple! This ground floor flat boasts two bedrooms and is perfectly positioned close to the bustling town centre. The well-equipped kitchen and generous living room diner offer ample space for comfortable living and entertaining, creating a welcoming atmosphere for residents and guests alike. With plenty of unallocated parking available, excellent transport links, and proximity to local amenities and well-regarded schools, this property is an ideal choice for first-time buyers or property investors.

Step into modern living and seize the opportunity to make this flat your own. Don't miss out – schedule your viewing today and envision the possibilities of calling 9 Hollow Tree Court your new home!

About Barnstaple - Barnstaple, the vibrant heart of North Devon, seamlessly blends historic charm with modern convenience. Nestled along the banks of the River Taw, this bustling market town offers a delightful array of shops, cafes, and cultural attractions waiting to be explored. From its iconic Pannier Market to its picturesque riverside walks, Barnstaple captivates visitors with its unique blend of heritage, community spirit, and coastal allure.

Tenure - Leasehold / Parking - Unallocated Off-Street / Nearest shop - 0.2 miles / Nearest school - Newport Community School Primary Academy 0.2 miles / Nearest Bus Stop - 0.2 Miles / Nearest Pub - 0.2 miles

**Additional Information:

** The management company will allow for pets, however, this must be authorised by them before. The vendor has made us aware that the following charges apply: Service Charge - £82pcm Ground Rent - £498.00 approx per annum. Lease remaining - 964 years

Agent Details

EweMove, Covering North Devon

01271 443777

Next Steps?

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