2 Bed Terraced House, Single Let, Bude, EX23 9DS, £235,000

5 Howells Cottages, Spicers Lane, Stratton, Bude, EX23 9DS - 4 views - 6 months ago

Sold STC
BTL
~50 m²
+6 photos

ValuationOvervalued

Sold Prices£140K - £475K
Sold Prices/m²£2K/m² - £6.5K/m²

 

 

Square Metres

~50.47 m²
Price/m²£4.7K/m²

Value Estimate

£192,087

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Total Cash In

£67,000

 

 

Cash Out

 

Rent Range

£850 - £1,100

Rent Estimate

£600

Running Costs/mo

£874

Cashflow/mo

£-274

Cashflow/yr

£-3,292

Gross Yield

3%

Local Sold Prices

42 sold prices from £140K to £475K, average is £265.5K. £2K/m² to £6.5K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£210K06/210.08 miThe Old Forge, Howells Road, Stratton, Bude, Cornwall EX23 9BU2
£199.9K09/220.09 mi1, Crawford Cottages, Stratton, Bude, Cornwall EX23 9DU2
£212.5K03/230.11 mi23, Cot Hill, Stratton, Bude, Cornwall EX23 9DN2
£195K03/210.12 miLavendar Cottage, Bridge Street, Stratton, Bude, Cornwall EX23 9BN2
£179.9K02/210.15 miFarmside Cottage, Pollards, Stratton, Bude, Cornwall EX23 9DJ2
£266K12/220.34 mi17, St Michaels Road, Stratton, Bude, Cornwall EX23 9AE2
£235K07/220.37 mi9, Berkeley Close, Stratton, Bude, Cornwall EX23 9BE2
£265K06/210.7 miThe Linney, Marsh Farm, Howard Lane, Stratton, Bude, Cornwall EX23 9TE2
£300K08/230.98 mi46, East Fairholme Road, Bude, Cornwall EX23 8HU2
£285K04/210.98 mi73, East Fairholme Road, Bude, Cornwall EX23 8HU2
£250K01/210.98 mi50, East Fairholme Road, Bude, Cornwall EX23 8HU2
£240K11/200.98 mi35, East Fairholme Road, Bude, Cornwall EX23 8HU2
£280K05/230.98 mi43, East Fairholme Road, Bude, Cornwall EX23 8HU2
£307K12/200.99 mi4, Fosters Way, Bude, Cornwall EX23 8HF2
£236.3K09/210.99 mi2, Treleven Road, Bude, Cornwall EX23 8RZ2
£251.5K02/231.01 mi28, Hallett Way, Bude, Cornwall EX23 8PG2
£265K02/211.02 mi12, Meadow Drive, Bude, Cornwall EX23 8HZ2
£345K04/211.02 mi14, Meadow Drive, Bude, Cornwall EX23 8HZ2
£313.5K10/221.02 mi29, Meadow Drive, Bude, Cornwall EX23 8HZ2
£291.9K12/221.02 mi34, Hallett Way, Bude, Cornwall EX23 8PG2
£279.9K04/231.07 mi57, Berries Avenue, Bude, Cornwall EX23 8QD2
£215K05/231.08 mi13, Traly Close, Bude, Cornwall EX23 8TQ2
£223K08/211.08 mi17, Traly Close, Bude, Cornwall EX23 8TQ2
£250K01/211.08 mi6, Manor Road, Bude, Cornwall EX23 8PU2
£363K02/211.13 mi45, Valley Road, Bude, Cornwall EX23 8ER2
£475K04/231.21 miHomewell End, Poughill Road, Bude, Cornwall EX23 8NZ2
£270K04/211.22 mi81, Bede Haven Close, Bude, Cornwall EX23 8QF2
£245K07/231.22 mi40, Bede Haven Close, Bude, Cornwall EX23 8QF2
£255K02/211.22 mi9, Berries Avenue, Bude, Cornwall EX23 8QE2
£357.5K06/211.31 mi6, Cedar Grove, Bude, Cornwall EX23 8NB2
£287.5K02/211.31 mi18, Trelawney Avenue, Poughill, Bude, Cornwall EX23 9HB2
£245K04/211.31 mi3, Trelawney Avenue, Poughill, Bude, Cornwall EX23 9HB2
£252.5K05/211.31 mi11, Trelawney Avenue, Poughill, Bude, Cornwall EX23 9HB2
£325K03/211.31 mi21, Trelawney Avenue, Poughill, Bude, Cornwall EX23 9HB2
£360K10/221.33 mi12, Pathfields, Bude, Cornwall EX23 8DW2
£395K01/231.36 mi11, Petherick Road, Bude, Cornwall EX23 8SN2
£364.5K04/231.39 mi18, Petherick Road, Bude, Cornwall EX23 8SN2
£426K06/211.39 mi22, Petherick Road, Bude, Cornwall EX23 8SN2
£355K12/221.39 mi10, Petherick Road, Bude, Cornwall EX23 8SN2
£280K07/221.57 mi23, Pinch Hill, Marhamchurch, Bude, Cornwall EX23 0ER2
£230K06/231.57 mi25, Pinch Hill, Marhamchurch, Bude, Cornwall EX23 0ER2
£140K10/211.94 miMera Cottage, West Street, Grimscott, Bude, Cornwall EX23 9LS2

Local Rents

10 rents from £850/mo to £1.1K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£99504/240.04 mi-2
£97505/240.04 mi-2
£97503/250.04 mi-2
£99503/250.04 mi-2
£99503/240.04 miBridge Cottages, Stratton, Bude, EX232
£97504/240.04 miBridge Cottages, Stratton, Bude, EX232
£85004/240.52 miStratton, Bude2
£95004/240.71 miBude, Cornwall2
£95005/240.71 miBude, Cornwall2
£1,10005/241.12 miBude, Cornwall2

Local Area Statistics

Population in EX23

15,617

Town centre distance

0.99 miles away

Nearest school

0.40 miles away

Nearest train station

23.62 miles away

 

 

Rental growth (12m)

+6%

Sales demand

Buyer's market

Capital growth (5yrs)

+37%

Property History

Listed for £235,000

October 17, 2024

Floor Plans

Description

  • 2 BEDROOM +
  • TERRACED CHARACTER COTTAGE +
  • WELL PRESENTED THROUGHOUT +
  • SOUGHT AFTER LOCATION +
  • REAR ENCLOSED GARDENS +
  • GAS CENTRAL HEATING +
  • WALKING DISTANCE TO LOCAL AMENITIES +
  • WELL SUITED FOR INVESTORS OR FIRST TIME BUYER +

An opportunity to acquire this superbly presented 2 bedroom terraced character property in this very sought after village location. The property offers versatile accommodation throughout complemented by gas fired central heating and double glazed windows. Attractive front and rear enclosed gardens. Internal viewing recommended. Ideally suiting those looking for investment or first time buyers. EPC Rating C

5 Howells Cottages enjoys a pleasant location in Spicers Lane which is situated in the centre of this characterful and ancient market town supporting a useful range of local amenities including General Stores, Post Office, Public Houses, Take Away, Places Of Worship, Hospital, Medical Centre etc. The adjacent town of Bude offers a wider range of shopping, schooling and recreational facilities as well as lying amidst the rugged North Cornish coastline famed for its many nearby areas of outstanding natural beauty and popular bathing beaches providing a whole host of watersports and leisure activities together with breathtaking cliff top and coastal walks. The bustling market town of Holsworthy is some 10 miles inland whilst the port and market town of Bideford is some 28 miles in a north easterly direction providing a convenient access to the A39 North Devon Link Road which connects in turn to Barnstaple, Tiverton and the M5 motorway.

Directions
From Bude town centre proceed out of the town along Stratton Road and upon reaching the A39 turn left sign posted Bideford, take the right hand turning onto the A3072 and proceed down into the centre of Stratton passing The King Arms. After passing the bus stop on the left, take the left hand turning into Howells Road which continues into Spicers Lane and the property will be found within a short distance on the right hand side with a Bond Oxborough Phillips for sale board clearly displayed.

Agent Details

Bond Oxborough Phillips, Bude

01288 355066

Next Steps?

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