2 Bed Flat, Single Let, Barnstaple, EX32 7RJ, £215,000

46A Silverwood Heights, Barnstaple, Devon, EX32 7RJ - 5 months ago

BTL
~78 m²
+11 photos

ValuationOvervalued

Sold Prices£88K - £205K
Sold Prices/m²£1.9K/m² - £4K/m²

 

 

Square Metres

~78.20 m²
Price/m²£2.7K/m²

Value Estimate

£195,500

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£11,950

Total Cash In

£65,700

 

 

Cash Out

 

Rent Range

£675 - £875

Rent Estimate

£725

Running Costs/mo

£837

Cashflow/mo

£-112

Cashflow/yr

£-1,342

Gross Yield

4%

Local Sold Prices

38 sold prices from £88K to £205K, average is £138.3K. £1.9K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£185K02/230.01 mi46a, Silverwood Heights, Barnstaple, Devon EX32 7RJ2
£137.5K04/230.51 miTop Floor Flat, 37, Richmond Street, Barnstaple, Devon EX32 7DP2
£185K08/210.51 miFlat 3, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX2
£153K09/210.51 miFlat 2, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX2
£180K09/220.53 mi14, Hills View, Barnstaple, Devon EX32 8BN2
£113.5K10/200.57 miFlat 5, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA2
£113.5K10/200.57 miFlat 5, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA2
£113.5K10/200.57 miFlat 5, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA2
£119K12/200.57 miFlat 7, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA2
£118K06/220.57 miFlat 4, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£120K08/230.58 miFlat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£117K01/210.58 miFlat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£108K05/210.58 miFlat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£122K02/230.58 miFlat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£136K08/210.62 mi85, Westaway Heights, Barnstaple, Devon EX31 1NR2
£145K11/210.62 mi58, Westaway Heights, Barnstaple, Devon EX31 1NR2
£147K12/200.62 mi75, Westaway Heights, Barnstaple, Devon EX31 1NR2
£150K11/200.62 mi74, Westaway Heights, Barnstaple, Devon EX31 1NR2
£160K07/220.63 mi36, Westaway Heights, Barnstaple, Devon EX31 1NY2
£88K04/210.63 mi22, Brewer Road, Barnstaple, Devon EX32 8EX2
£162.5K07/220.63 mi11, Brewer Road, Barnstaple, Devon EX32 8EX2
£205K04/210.69 mi1, Coronation Street, Barnstaple, Devon EX32 7AY2
£145K11/210.69 miFlat 8, Portland Court, Victoria Road, Barnstaple, Devon EX32 9HF2
£155K06/230.71 mi19a, Summerland Street, Barnstaple, Devon EX32 8JH2
£115K09/210.74 mi14a - 14b, Joy Street, Barnstaple, Devon EX31 1BS2
£178K07/210.74 miFlat 8, Park View, Pilton Causeway, Barnstaple, Devon EX32 7FB2
£180K02/210.8 mi87, Pilton Street, Barnstaple, Devon EX31 1PQ2
£186.8K10/220.8 mi87, Pilton Street, Barnstaple, Devon EX31 1PQ2
£120K05/230.84 mi55, East Park Road, Barnstaple, Devon EX32 8PL2
£125K07/220.9 mi12, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£102K01/230.9 mi43, Otter Way, Barnstaple, Devon EX32 8PS2
£140K01/230.93 mi18, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£110K09/200.93 mi12, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£120K05/210.93 mi9, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£150K11/220.93 mi41, Otter Way, Barnstaple, Devon EX32 8PS2
£127K12/220.94 mi23, Stoat Park, Barnstaple, Devon EX32 8PT2
£160K10/220.94 mi31, Stoat Park, Barnstaple, Devon EX32 8PT2
£139K06/220.94 mi20, Stoat Park, Barnstaple, Devon EX32 8PT2

Local Rents

10 rents from £675/mo to £875/mo, average is £793/mo.

RentDateDistanceAddressBeds 
£78505/240.09 miLong Meadow Drive2
£85003/240.11 miLong Meadow Drive, Barnstaple2
£72504/240.16 miLong Meadow Drive, Barnstaple, Devon, EX322
£72504/240.16 miLong Meadow Drive, Barnstaple, Devon, EX322
£80004/240.2 mi-2
£80003/240.28 miLundy Close, Barnstaple, EX322
£87503/240.35 miWalton Way, Barnstaple2
£67504/240.47 miDoone House, Barnstaple, Devon2
£80003/240.55 miAshleigh Road, Barnstaple, EX322
£72504/240.58 miBarnstaple2

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.87 miles away

Nearest school

0.40 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Price changed to £215,000

January 23, 2025

Listed for £220,000

October 10, 2024

Floor Plans

Description

  • A PURPOSE-BUILT FIRST FLOOR FREEHOLD FLAT +
  • 2 Bedrooms +
  • Bright & functional open-plan Kitchen / Diner / Lounge with French doors opening onto the south-facing garden +
  • Modern 3-piece Shower Room +
  • Driveway parking +
  • Converted Garage / Studio with Shower Room +
  • South-facing rear garden arranged over tiers & laid to patio, composite decking & lawn +
  • This property is a must see to appreciate what is on offer +

This purpose-built First Floor Freehold flat features 2 spacious double Bedrooms, driveway parking and a converted Garage / Studio.

The property opens into an inviting Entrance Hall with room for freestanding furniture. The open-plan Kitchen / Diner / Lounge area is bright and functional, offering a fitted Kitchen with plumbing for a washing machine and ample space for a dining table and chairs. French doors in the Lounge lead out to the south-facing garden and patio area.

The Main Bedroom is generously sized and boasts views over open fields and countryside through 2 front-facing windows. The second Bedroom is well-proportioned with views of the garden. Both Bedrooms share a modern 3-piece Shower Room.

The converted Garage provides valuable extra living or storage space and functions as a Home Office / Studio, complete with kitchen units, a sink and a separate shower room.

Outside, there is driveway parking and side gated access to the south-facing rear garden. The garden is arranged over 4 tiers. The lower level is a low-maintenance patio and composite decking area while the upper levels are laid to lawn with mature trees, shrubs and flower beds.

This Freehold property is a must see to appreciate what is on offer.

Barnstaple Town Centre, the historic and regional centre of North Devon, is surrounded by beautiful countryside and some of the area’s best beaches. As the commercial centre of the region, the town centre offers a variety of banking, schooling and recreational facilities including a theatre, cinema, leisure centre, restaurants and the North Devon District Hospital. The vibrant town combines modern shopping amenities with a bustling market atmosphere.

The A361 North Devon Link Road provides convenient access to the M5 motorway network and beyond. Exmoor National Park and North Devon’s famous surfing beaches at Croyde, Putsborough, Saunton (also with Championship golf course) and Woolacombe are all within about half an hour by car. The nearest International airports are at Bristol and Exeter.

Directions
From our Office on Boutport Street, proceed up Bear Street. At the traffic lights, turn left onto Alexandra Road. At the roundabout, take the fourth exit onto Derby Road. At the traffic lights, turn left onto St George's Road. Continue for a short distance and turn right (just before Co-op) onto Heppenstall Road. Bear right into Long Meadow Drive. Turn right to stay on Long Meadow Drive and continue to the top of the road entering Silverwood Heights. Continue along Silverwood Heights taking the right hand turning to where number 46a will be found on your right hand side with a numberplate clearly displayed. A representative from BOP will meet you at the front door.

Agent Details

Bond Oxborough Phillips, Barnstaple

01271 371234

Next Steps?

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