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

