2 Bed Terraced House, Single Let, Barnstaple, EX32 9BG, £150,000

Newport Road, Barnstaple, Devon, EX32 9BG - 7 months ago

Sold STC
BTL
ROI: 4%
~61 m²
+6 photos

ValuationUndervalued

Sold Prices£92K - £350K
Sold Prices/m²£1.4K/m² - £5.6K/m²

 

 

Square Metres

~61.10 m²
Price/m²£2.5K/m²

Value Estimate

£187,014
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Total Cash In

£46,700

 

 

Cash Out

 

Rent Range

£625 - £1,100

Rent Estimate

£799

Running Costs/mo

£649

Cashflow/mo

£150

Cashflow/yr

£1,805

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £92K to £350K, average is £201K. £1.4K/m² to £5.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£214K12/220 mi14, Newport Road, Barnstaple, Devon EX32 9BG2
£180K11/200 mi71a, Newport Road, Barnstaple, Devon EX32 9BG2
£202K07/230.03 miHamditch, Abyssinia Terrace, Barnstaple, Devon EX32 9BH2
£189K04/230.04 mi17, Cyprus Terrace, Barnstaple, Devon EX32 9JF2
£125K05/230.09 mi26, Cyprus Terrace, Barnstaple, Devon EX32 9JG2
£242K01/230.16 mi1, Brookdale Terrace, Barnstaple, Devon EX32 9HZ2
£200K03/210.19 mi18, Gloster Road, Barnstaple, Devon EX32 9JR2
£171.5K01/210.19 mi39, Gloster Road, Barnstaple, Devon EX32 9JR2
£350K05/210.33 mi12, Hillcrest Road, Barnstaple, Devon EX32 9EP2
£132.5K07/210.34 mi14, Barbican Road, Barnstaple, Devon EX32 9HW2
£195K08/220.34 mi7, Barbican Road, Barnstaple, Devon EX32 9HW2
£229.9K11/200.35 miSutherlea, Barbican Lane, Barnstaple, Devon EX32 8LB2
£330K12/220.41 mi15, Chichester Road, Barnstaple, Devon EX32 9EH2
£185K12/220.42 mi28, Litchdon Street, Barnstaple, Devon EX32 8ND2
£290K04/210.45 miMeadowside, Willow Tree Road, Barnstaple, Devon EX32 9ET2
£157K04/210.47 mi18, Salem Street, Barnstaple, Devon EX32 8JF2
£275K11/220.48 mi1, Firs Grove, Barnstaple, Devon EX32 8BX2
£95.4K09/210.49 mi115, Gould Road, Barnstaple, Devon EX32 8EP2
£314K02/230.49 mi4, Ravelin Manor Road, Barnstaple, Devon EX32 8BY2
£220K03/230.5 mi45, Coppice Gate, Barnstaple, Devon EX32 9PD2
£226K12/220.52 mi2, The Pollards, Barnstaple, Devon EX32 9PA2
£203K12/200.53 mi68, Chanters Hill, Barnstaple, Devon EX32 8DD2
£220K12/200.53 mi73, Chanters Hill, Barnstaple, Devon EX32 8DD2
£225K02/210.55 mi40, Chanters Hill, Barnstaple, Devon EX32 8DW2
£285K04/230.55 mi103, Chanters Hill, Barnstaple, Devon EX32 8DQ2
£257.5K06/230.55 mi102, Chanters Hill, Barnstaple, Devon EX32 8DQ2
£259.5K05/230.55 mi59, Chanters Hill, Barnstaple, Devon EX32 8DQ2
£195K06/230.59 mi14, Sowden Park, Barnstaple, Devon EX32 8EH2
£217K11/200.61 mi7, Chanters Hill, Barnstaple, Devon EX32 8DN2
£220K07/210.62 mi12, Chanters Hill, Barnstaple, Devon EX32 8DN2
£270K12/220.62 mi24, Chanters Hill, Barnstaple, Devon EX32 8DN2
£252.5K07/220.62 mi14, Britten Drive, Barnstaple, Devon EX32 8AQ2
£247.5K12/220.63 mi12, Britten Drive, Barnstaple, Devon EX32 8AQ2
£175K01/210.63 mi61, Walnut Way, Barnstaple, Devon EX32 7RF2
£147K02/210.63 mi57, Walnut Way, Barnstaple, Devon EX32 7RF2
£239K11/200.67 mi7, Walton Way, Barnstaple, Devon EX32 8AD2
£168K06/210.68 mi48, Lower Moor, Barnstaple, Devon EX32 8NW2
£205K01/230.71 mi3, Grosvenor Street, Barnstaple, Devon EX32 7DT2
£140K03/210.71 mi17, Clifton Street, Sticklepath, Barnstaple, Devon EX31 2AZ2
£189.9K04/230.71 mi6, Clifton Street, Sticklepath, Barnstaple, Devon EX31 2AZ2
£200K03/230.71 mi53, Woolbarn Lawn, Barnstaple, Devon EX32 8PQ2
£150K01/210.71 mi18, Woolbarn Lawn, Barnstaple, Devon EX32 8PQ2
£200K07/220.72 mi74, Woolbarn Lawn, Barnstaple, Devon EX32 8PQ2
£162.5K09/210.72 mi12, Appletree Close, Barnstaple, Devon EX32 8PN2
£165K02/210.72 mi25, Appletree Close, Barnstaple, Devon EX32 8PN2
£185K12/200.75 mi34, Richmond Street, Barnstaple, Devon EX32 7DP2
£155.5K09/210.75 mi14, Gaydon Street, Barnstaple, Devon EX32 7DN2
£167K10/210.75 mi8, Richmond Street, Barnstaple, Devon EX32 7DP2
£92K12/200.76 mi8, Lower Gaydon Street, Barnstaple, Devon EX32 7DW2
£215K10/220.77 mi33, Appletree Close, Barnstaple, Devon EX32 8PN2

Local Rents

15 rents from £625/mo to £1.1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£82512/230.02 mi-2
£85012/240.02 mi-2
£62504/240.03 miNewport Road, Barnstaple, Devon2
£92503/240.4 miChichester Close2
£1,10011/230.42 mi-2
£80003/240.47 miAshleigh Road, Barnstaple, EX322
£85009/230.52 mi-2
£80001/240.52 mi-2
£1,10011/230.52 mi-2
£1,10009/240.52 mi-2
£95011/230.52 mi-2
£92504/240.61 miQueen Street, Barnstaple2
£92505/240.61 miQueen Street, Barnstaple2
£79502/250.62 mi-2
£87503/240.62 miWalton Way, Barnstaple2

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.73 miles away

Nearest school

0.20 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Price changed to £150,000

February 16, 2025

Listed for £155,000

September 24, 2024

Floor Plans

Description

  • Attention First Time Buyers! +
  • Close To Good Schools +
  • Close To Barnstaple Town +
  • Investors Look At This +
  • Private Access & Entrance Hall +

This apartment is an excellent opportunity for those looking to take their first step onto the property ladder or expand their rental portfolio. Its central location in Newport, Barnstaple, ensures easy access to amenities, shops, and the vibrant local community. Access into the private entrance hallway with a handy storage cupboard can be found from Abyssinia Terrace off of Newport Road, Stepping over the threshold and up the carpeted stairs you will find a great size property with level living in mind throughout.  From the hallway and at the top of the stairs you will find the second bedroom which is currently being utilised as a storage room / office space but could easily accommodate a single bed for visiting guests or as a lovely nursery / single bedroom.  The master bedroom is a generous space that easily accommodates a double bed, side tables, and a freestanding wardrobe. Making for plenty of room for your personal retreat after a long day. Overlooking the front elevation, the lounge enjoys a spacious layout with a bay window and a cozy window seat, perfect for watching the world go by. This room also offers ample space for a large sofa, freestanding storage units, and a wall-mounted TV. You'll also find a convenient loft hatch leading to a boarded attic space, ideal for extra storage. The modern shower room is a great addition to the property, featuring a walk-in shower, a low-level WC, and a washbasin, all finished to a high standard. Located in the heart of the property, the kitchen, while featuring older units, is well-equipped with a range of matching wall and base units, offering plenty of storage space. There's also room and plumbing for your white goods. If storage is high up on your search criteria then consider this box ticked! This apartment has you covered. You'll find excellent storage options throughout the property. Don't miss your chance to make this converted end of terrace home now modern and well-updated apartment your own. Contact us today to arrange a viewing and take the next step towards securing this fantastic investment opportunity!

Agent Details

EweMove, Covering North Devon

01271 443777

Next Steps?

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