3 Bed Terraced House, Refurb/BRRR, Bodmin, PL31 2DH, £79,995

Turf Street, Bodmin, Cornwall, PL31 2DH - 50 views - 5 months ago

Refurb/BRRR
ROI: 7%
~93 m²
+13 photos

ValuationFair Value

Sold Prices£132K - £430K
Sold Prices/m²£1.3K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£80,795

 

 

End Value (After Refurb)

£183,299

Uplift in Value

+129%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,999

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£40,292

Bridging Loan Interest

£2,100

Total Cash In

£67,740

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£183,299

Agent Fees (1%)

£1,833

Bridging Loan

£59,996

Bridging Loan Interest

£2,100

Flip Profit

£53,729

Local Sold Prices

50 sold prices from £132K to £430K, average is £250K. £1.3K/m² to £4.1K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£135K06/210.06 mi16a, Crockwell Street, Bodmin, Cornwall PL31 2DS3
£290K10/220.14 mi43, Castle Street, Bodmin, Cornwall PL31 2DX3
£340K11/220.15 mi34a, Rhind Street, Bodmin, Cornwall PL31 2EL3
£132K10/210.15 mi9, Market Street, Bodmin, Cornwall PL31 2JW3
£179K10/210.16 mi25, Pool Street, Bodmin, Cornwall PL31 2HB3
£345K07/230.19 mi1, St Petrocs Close, Bodmin, Cornwall PL31 1AJ3
£215K05/210.19 mi3, Church Park, Bodmin, Cornwall PL31 2BU3
£287K06/210.25 mi51b, St Nicholas Street, Bodmin, Cornwall PL31 1AF3
£166K10/220.25 mi24, Furze Hill, Bodmin, Cornwall PL31 2ES3
£157K04/230.26 mi75, Furze Hill, Bodmin, Cornwall PL31 2ES3
£160K07/210.26 mi6, Meadow Place, Bodmin, Cornwall PL31 1JB3
£250K06/210.26 mi66, Boxwell Park, Bodmin, Cornwall PL31 2BE3
£280K01/210.26 mi55, Boxwell Park, Bodmin, Cornwall PL31 2BE3
£205K03/210.26 mi31, Boxwell Park, Bodmin, Cornwall PL31 2BE3
£227.5K06/230.28 mi26, Beacon Hill, Bodmin, Cornwall PL31 1JA3
£184.5K05/210.28 mi1, Northey Road, Bodmin, Cornwall PL31 1JE3
£300K07/230.3 mi15, Boxwell Park, Bodmin, Cornwall PL31 2BD3
£325K02/210.3 mi50, Boxwell Park, Bodmin, Cornwall PL31 2BD3
£385K11/220.3 mi50, Boxwell Park, Bodmin, Cornwall PL31 2BD3
£158K03/210.31 miTrematon, Berrycoombe Road, Bodmin, Cornwall PL31 2NS3
£146K09/230.32 mi25, Carpenter Court, Bodmin, Cornwall PL31 2ET3
£225K12/200.32 mi32, Love Lane, Bodmin, Cornwall PL31 2BL3
£260K09/220.32 mi33, Robartes Road, Bodmin, Cornwall PL31 1JQ3
£208K11/210.32 mi27, Robartes Road, Bodmin, Cornwall PL31 1JG3
£255K09/220.32 mi46, Beacon Road, Bodmin, Cornwall PL31 1AP3
£250K06/210.33 mi33, Bosvenna View, Bodmin, Cornwall PL31 1AY3
£325K10/200.33 mi1, Roseland Road, Bodmin, Cornwall PL31 2EQ3
£295K09/220.33 mi10, Roseland Road, Bodmin, Cornwall PL31 2EQ3
£167K05/210.34 mi6, Robartes Road, Bodmin, Cornwall PL31 1JQ3
£265K06/210.34 mi15, Bosvenna View, Bodmin, Cornwall PL31 1AX3
£157K10/220.34 mi55, Wallace Road, Bodmin, Cornwall PL31 2EX3
£300K08/230.34 mi38, Bosvenna View, Bodmin, Cornwall PL31 1AZ3
£385K02/230.37 mi21, Athelstan Park, Bodmin, Cornwall PL31 1DS3
£342K11/220.38 mi50, Athelstan Park, Bodmin, Cornwall PL31 1DT3
£335K01/230.38 mi7, Bosvenna View, Bodmin, Cornwall PL31 1AU3
£300K05/230.39 mi5, Castle Canyke Road, Bodmin, Cornwall PL31 1DU3
£190K02/210.41 mi27, Elizabeth Close, Bodmin, Cornwall PL31 1HY3
£430K09/220.42 mi15, Bramley Park, Bodmin, Cornwall PL31 2BN3
£325K07/210.42 mi26, Marks Drive, Bodmin, Cornwall PL31 1BD3
£227K03/210.42 mi18, Marks Drive, Bodmin, Cornwall PL31 1BD3
£235K03/210.43 mi19, Kernow Close, Bodmin, Cornwall PL31 2BX3
£220K08/230.43 mi20, Kernow Close, Bodmin, Cornwall PL31 2BX3
£400K06/230.46 mi30, Berrycoombe Road, Bodmin, Cornwall PL31 2NR3
£320K12/200.46 mi9, Oakwood Park, Bodmin, Cornwall PL31 2NZ3
£233.6K11/220.46 mi11, Statham Road, Bodmin, Cornwall PL31 1JL3
£345K06/210.46 mi58, Athelstan Park, Bodmin, Cornwall PL31 1DT3
£265K11/220.47 mi9, Rosedale Gardens, Bodmin, Cornwall PL31 2HE3
£175K12/200.47 mi17, Torwood Close, Bodmin, Cornwall PL31 1ND3
£210K05/210.49 mi9, Rosedale Gardens, Bodmin, Cornwall PL31 2HE3
£210K10/200.49 mi15, Rosedale Gardens, Bodmin, Cornwall PL31 2HE3

Local Rents

12 rents from £850/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.06 mi-3
£95006/240.11 mi-3
£99506/240.24 mi82 Fore Street, Bodmin, Cornwall, PL313
£1,25007/240.43 mi-3
£1,35007/240.47 mi-3
£85012/240.58 miRoyffe Way, Bodmin, PL313
£1,19506/240.64 miGilbert Road, Bodmin, Cornwall, PL313
£1,19506/240.66 miHolmes Way, Bodmin, Cornwall, PL313
£1,25006/240.82 mi8 Tremayne House Park Drive, Bodmin3
£95006/240.91 mi3 Bodiniel View, Bodmin, PL31 2PQ3
£95006/240.99 mi18 Foster Drive, Bodmin3
£99512/241.08 miGrass Valley Park, Bodmin, Cornwall, PL313

Local Area Statistics

Population in PL31

14,568

Population in Bodmin

24,877

Town centre distance

0.24 miles away

Nearest school

0.30 miles away

Nearest train station

2.97 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £79,995

October 23, 2024

Floor Plans

Description

  • Town Centre Position +
  • Investment Opportunity +
  • Three Studio Flats +
  • Open Plan +
  • Near All Amenities In Bodmin Town +

Turf College consists of three studio flats which would benefit from a degree of modernisation. The perfect property for someone looking for an investment project. The property is situated on Turf Street close by to Bodmin Town and Priory Park. As you enter the building and make your way up the stairs, you arrive at a landing that leads to three studio flats. Each flat offers a compact yet functional living space, thoughtfully designed to maximize comfort and efficiency. The first flat St Stephens is at the top of the stairs, as you enter the flat you are welcomed with a carpeted living/ bedroom area with a kitchen area and a shower room. The second flat St James is a characteristic flat with the original fire place. This is a spacious and light area with a shower room and kitchen area. The third flat St Alan is upstairs, this is the biggest flat which has a light and airy feel to it, with open plan living, bedroom and kitchen area with views looking towards St Petroc's church. This also has a shower room which has already been updated to a more modern standard.  Potential to earn an annual income of £14,400 (based on £400 per calendar month per flat), an approximate gross yield of 16.74% based on the asking price. Outside: We understand the terrace to the rear does not form part of the property

Agent Details

The Property Shop, Bodmin

01208 223223

Next Steps?

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