2 Bed Terraced House, Single Let, Barnstaple, EX31 1RR, £160,000

7 LOVERINGS COURT, Barnstaple, EX31 1RR - 5 months ago

Sold STC
BTL
ROI: 1%
46 m²
+2 photos

ValuationOvervalued

Sold Prices£92K - £345K
Sold Prices/m²£1.4K/m² - £5.6K/m²

 

 

Square Metres

46 m²
Price/m²£3.5K/m²

Value Estimate

£135,536

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£675 - £1,100

Rent Estimate

£718

Running Costs/mo

£664

Cashflow/mo

£54

Cashflow/yr

£653

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £92K to £345K, average is £185K. £1.4K/m² to £5.6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£185K06/210.07 mi4, Vicarage Lawn, Barnstaple, Devon EX32 7BW2
£160K01/210.13 mi43, Charles Street, Barnstaple, Devon EX32 7BG2
£169.4K02/210.13 mi26, Charles Street, Barnstaple, Devon EX32 7BG2
£170K04/210.13 mi34, Charles Street, Barnstaple, Devon EX32 7BG2
£155K12/220.15 mi1, Higher Maudlin Street, Barnstaple, Devon EX32 7BJ2
£155.5K09/210.16 mi14, Gaydon Street, Barnstaple, Devon EX32 7DN2
£205K01/230.19 mi3, Grosvenor Street, Barnstaple, Devon EX32 7DT2
£92K12/200.2 mi8, Lower Gaydon Street, Barnstaple, Devon EX32 7DW2
£185K12/200.2 mi34, Richmond Street, Barnstaple, Devon EX32 7DP2
£167K10/210.21 mi8, Richmond Street, Barnstaple, Devon EX32 7DP2
£200K10/200.27 mi18, Kingsley Avenue, Barnstaple, Devon EX32 7AJ2
£182.5K03/210.3 mi7, Carlyle Avenue, Barnstaple, Devon EX32 7AL2
£157K04/210.32 mi18, Salem Street, Barnstaple, Devon EX32 8JF2
£165K06/230.33 mi6, Pilton Street, Barnstaple, Devon EX31 1PE2
£165K06/230.33 mi6, Pilton Street, Barnstaple, Devon EX31 1PE2
£170K10/200.33 mi5, St Marys Road, Barnstaple, Devon EX32 7EY2
£223K05/230.33 mi5, St Marys Road, Barnstaple, Devon EX32 7EY2
£230K12/210.33 mi7, Pilton Quay, Barnstaple, Devon EX31 1PB2
£185K11/220.35 mi8, Western Terrace, Barnstaple, Devon EX31 1JG2
£163K06/230.35 mi12, Western Terrace, Barnstaple, Devon EX31 1JG2
£184K09/200.37 mi6, Fair View, Barnstaple, Devon EX31 1JR2
£185K12/220.39 mi28, Litchdon Street, Barnstaple, Devon EX32 8ND2
£207.5K01/230.41 mi20, Greenmeadow Drive, Barnstaple, Devon EX31 4HT2
£140K03/210.42 mi17, Clifton Street, Sticklepath, Barnstaple, Devon EX31 2AZ2
£189.9K04/230.42 mi6, Clifton Street, Sticklepath, Barnstaple, Devon EX31 2AZ2
£180K05/230.43 mi26, Pilton Street, Barnstaple, Devon EX31 1PJ2
£220K12/200.44 mi73, Chanters Hill, Barnstaple, Devon EX32 8DD2
£203K12/200.44 mi68, Chanters Hill, Barnstaple, Devon EX32 8DD2
£345K08/230.45 mi3, Raleigh Heights, Barnstaple, Devon EX31 1ND2
£165K02/230.45 mi18, Greenmeadow Drive, Barnstaple, Devon EX31 4HT2
£202.5K08/230.45 mi50, Greenmeadow Drive, Barnstaple, Devon EX31 4HT2
£195K08/220.46 mi7, Barbican Road, Barnstaple, Devon EX32 9HW2
£132.5K07/210.46 mi14, Barbican Road, Barnstaple, Devon EX32 9HW2
£197.5K10/220.47 mi81a, Pilton Street, Barnstaple, Devon EX31 1PQ2
£229.9K11/200.49 miSutherlea, Barbican Lane, Barnstaple, Devon EX32 8LB2
£230K10/200.49 mi105, Chanters Hill, Barnstaple, Devon EX32 8DQ2
£285K04/230.49 mi103, Chanters Hill, Barnstaple, Devon EX32 8DQ2
£259.5K05/230.49 mi59, Chanters Hill, Barnstaple, Devon EX32 8DQ2
£257.5K06/230.49 mi102, Chanters Hill, Barnstaple, Devon EX32 8DQ2
£168.5K04/210.5 mi45, The Rock, Barnstaple, Devon EX31 1PN2
£217K11/200.51 mi7, Chanters Hill, Barnstaple, Devon EX32 8DN2
£220K07/210.51 mi12, Chanters Hill, Barnstaple, Devon EX32 8DN2
£270K12/220.51 mi24, Chanters Hill, Barnstaple, Devon EX32 8DN2
£275K11/220.51 mi1, Firs Grove, Barnstaple, Devon EX32 8BX2
£314K02/230.53 mi4, Ravelin Manor Road, Barnstaple, Devon EX32 8BY2
£159K02/210.56 mi17, Raleigh Cottages, Barnstaple, Devon EX31 4HZ2
£122.5K06/210.56 mi10, Raleigh Cottages, Barnstaple, Devon EX31 4HZ2
£151K10/210.56 mi4, Raleigh Cottages, Barnstaple, Devon EX31 4HZ2
£175K05/210.56 mi43b, Beaufort Walk, Barnstaple, Devon EX32 7JD2
£150K07/210.56 mi31, Beaufort Walk, Barnstaple, Devon EX32 7JD2
£175K02/230.58 mi88, Long Meadow Drive, Barnstaple, Devon EX32 7RD2

Local Rents

23 rents from £675/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£69504/240.04 miLoverings Court, Barnstaple, EX312
£97510/230.08 mi-2
£92503/240.1 miRegent House, Queens Street2
£69503/240.1 miBoutport Street, Barnstaple, Devon, EX312
£72504/240.15 miBarnstaple2
£92504/240.15 miQueen Street, Barnstaple2
£92505/240.17 miQueen Street, Barnstaple2
£92504/240.17 miQueen Street, Barnstaple2
£79502/250.21 mi-2
£67504/240.28 miDoone House, Barnstaple, Devon2
£95011/230.29 mi-2
£80001/240.29 mi-2
£85009/230.29 mi-2
£1,10011/230.31 mi-2
£1,10009/240.31 mi-2
£85004/240.31 miPilton Quayside, Barnstaple2
£1,10011/230.37 mi-2
£80003/240.4 miAshleigh Road, Barnstaple, EX322
£75003/240.49 miPilton, Barnstaple2
£80004/240.56 mi-2
£72504/240.59 miLong Meadow Drive, Barnstaple, Devon, EX322
£72504/240.59 miLong Meadow Drive, Barnstaple, Devon, EX322
£85003/240.62 miLong Meadow Drive, Barnstaple2

Local Area Statistics

Population in EX31

25,086

Population in Barnstaple

48,982

Town centre distance

0.19 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 miles away

 

 

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £160,000

October 5, 2024

Floor Plans

Description

  • IDEAL FIRST HOME OR INVESTMENT OPPORTUNITY +
  • SCOPE TO BE IMPROVED THROUGHOUT +
  • WALKING DISTANCE TO TOWN CENTRE +
  • GAS FIRED CENTRAL HEATING +
  • SHELTERED OUTSIDE WC +
  • UPVC DOUBLE GLAZING +
  • COURTYARD GARDEN +
  • END OF TERRACE +
  • QUIET POSITION +
  • NO CHAIN +

An ideal first home or investment property positioned in a tucked away location and within walking distance of the town centre, offering scope throughout to be improved and would allow someone to put their own stamp on. The property is considered to be a very good rental or first time purchase.

To the ground floor is a lounge, kitchen/diner, a useful lean too area with W.C and courtyard garden.

To the first floor are 2 bedrooms and a 3-piece suite bathroom.

Available with no onward chain.
From our office in Barnstaple, head out of town turning left at the first 2 roundabouts. Turn left at the traffic lights at Bear Street and following the road around into Vicarage Street. Opposite the garage, take the left turning into Loverings Court. The car park is at the end of the road and the house is found through an archway with a for sale board in the window.

Agent Details

Webbers Property Services, Barnstaple

01271 443477

Next Steps?

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