2 Bed Detached House, Single Let, Barnstaple, EX31 1QT, £160,000

Barnstaple, Devon, EX31 1QT - 2 views - 5 months ago

Sold STC
Auction
BTL
ROI: 1%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£92K - £345K
Sold Prices/m²£1.4K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£193,600
BMV21%

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

£693

Running Costs/mo

£659

Cashflow/mo

£34

Cashflow/yr

£413

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £92K to £345K, average is £180K. £1.4K/m² to £4.1K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£197.5K10/220.07 mi81a, Pilton Street, Barnstaple, Devon EX31 1PQ2
£168.5K04/210.08 mi45, The Rock, Barnstaple, Devon EX31 1PN2
£180K05/230.1 mi26, Pilton Street, Barnstaple, Devon EX31 1PJ2
£270K11/220.14 mi3a, Bradiford, Barnstaple, Devon EX31 4AD2
£345K08/230.16 mi3, Raleigh Heights, Barnstaple, Devon EX31 1ND2
£230K12/210.21 mi7, Pilton Quay, Barnstaple, Devon EX31 1PB2
£165K06/230.21 mi6, Pilton Street, Barnstaple, Devon EX31 1PE2
£165K06/230.21 mi6, Pilton Street, Barnstaple, Devon EX31 1PE2
£185K10/200.23 mi18, Windsor Road, Barnstaple, Devon EX31 4AQ2
£235K03/230.23 mi24, Windsor Road, Barnstaple, Devon EX31 4AQ2
£197.5K10/200.24 mi33, Crosspark Close, Barnstaple, Devon EX31 4AN2
£227.5K12/220.24 mi22, Windsor Road, Barnstaple, Devon EX31 4AQ2
£184K09/200.29 mi6, Fair View, Barnstaple, Devon EX31 1JR2
£195K03/230.3 mi16, Bradiford, Barnstaple, Devon EX31 4AD2
£200K10/200.33 mi18, Kingsley Avenue, Barnstaple, Devon EX32 7AJ2
£182.5K03/210.34 mi7, Carlyle Avenue, Barnstaple, Devon EX32 7AL2
£207.5K01/230.36 mi20, Greenmeadow Drive, Barnstaple, Devon EX31 4HT2
£165K02/230.39 mi18, Greenmeadow Drive, Barnstaple, Devon EX31 4HT2
£202.5K08/230.39 mi50, Greenmeadow Drive, Barnstaple, Devon EX31 4HT2
£178.5K12/200.42 mi67, Westaway Heights, Barnstaple, Devon EX31 1NR2
£155K12/220.44 mi1, Higher Maudlin Street, Barnstaple, Devon EX32 7BJ2
£160K01/210.44 mi43, Charles Street, Barnstaple, Devon EX32 7BG2
£169.4K02/210.44 mi26, Charles Street, Barnstaple, Devon EX32 7BG2
£170K04/210.44 mi34, Charles Street, Barnstaple, Devon EX32 7BG2
£185K11/220.45 mi8, Western Terrace, Barnstaple, Devon EX31 1JG2
£163K06/230.46 mi12, Western Terrace, Barnstaple, Devon EX31 1JG2
£159K02/210.49 mi17, Raleigh Cottages, Barnstaple, Devon EX31 4HZ2
£122.5K06/210.49 mi10, Raleigh Cottages, Barnstaple, Devon EX31 4HZ2
£151K10/210.49 mi4, Raleigh Cottages, Barnstaple, Devon EX31 4HZ2
£185K06/210.52 mi4, Vicarage Lawn, Barnstaple, Devon EX32 7BW2
£170K10/200.52 mi5, St Marys Road, Barnstaple, Devon EX32 7EY2
£223K05/230.52 mi5, St Marys Road, Barnstaple, Devon EX32 7EY2
£92K12/200.57 mi8, Lower Gaydon Street, Barnstaple, Devon EX32 7DW2
£155.5K09/210.57 mi14, Gaydon Street, Barnstaple, Devon EX32 7DN2
£167K10/210.58 mi8, Richmond Street, Barnstaple, Devon EX32 7DP2
£185K12/200.58 mi34, Richmond Street, Barnstaple, Devon EX32 7DP2
£290K04/210.61 miOverleat, Raleigh Road, Barnstaple, Devon EX31 4HY2
£205K01/230.62 mi3, Grosvenor Street, Barnstaple, Devon EX32 7DT2
£175K02/230.72 mi88, Long Meadow Drive, Barnstaple, Devon EX32 7RD2
£150K03/210.77 mi180, Long Meadow Drive, Barnstaple, Devon EX32 7RE2
£150K06/210.77 mi152, Long Meadow Drive, Barnstaple, Devon EX32 7RE2
£160K08/210.77 mi192, Long Meadow Drive, Barnstaple, Devon EX32 7RE2
£175K05/210.82 mi43b, Beaufort Walk, Barnstaple, Devon EX32 7JD2
£150K07/210.82 mi31, Beaufort Walk, Barnstaple, Devon EX32 7JD2
£157K04/210.85 mi18, Salem Street, Barnstaple, Devon EX32 8JF2
£234.5K05/230.85 mi68, Silverwood Heights, Barnstaple, Devon EX32 7RL2
£140K03/210.86 mi17, Clifton Street, Sticklepath, Barnstaple, Devon EX31 2AZ2
£189.9K04/230.86 mi6, Clifton Street, Sticklepath, Barnstaple, Devon EX31 2AZ2
£220K12/200.87 mi73, Chanters Hill, Barnstaple, Devon EX32 8DD2
£203K12/200.87 mi68, Chanters Hill, Barnstaple, Devon EX32 8DD2
£217K11/200.88 mi7, Chanters Hill, Barnstaple, Devon EX32 8DN2

Local Rents

27 rents from £675/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£75003/240.04 miPilton, Barnstaple2
£85004/240.23 miPilton Quayside, Barnstaple2
£69503/240.43 miBoutport Street, Barnstaple, Devon, EX312
£97510/230.46 mi-2
£69504/240.52 miLoverings Court, Barnstaple, EX312
£72504/240.61 miBarnstaple2
£92503/240.63 miRegent House, Queens Street2
£80004/240.67 mi-2
£92504/240.68 miQueen Street, Barnstaple2
£67504/240.69 miDoone House, Barnstaple, Devon2
£92505/240.7 miQueen Street, Barnstaple2
£92504/240.7 miQueen Street, Barnstaple2
£72504/240.71 miLong Meadow Drive, Barnstaple, Devon, EX322
£72504/240.71 miLong Meadow Drive, Barnstaple, Devon, EX322
£79502/250.74 mi-2
£85003/240.77 miLong Meadow Drive, Barnstaple2
£78505/240.79 miLong Meadow Drive2
£95011/230.82 mi-2
£80001/240.82 mi-2
£85009/230.82 mi-2
£1,10011/230.84 mi-2
£1,10009/240.84 mi-2
£80003/240.87 miAshleigh Road, Barnstaple, EX322
£1,10011/230.9 mi-2
£87503/241.04 miWalton Way, Barnstaple2
£80003/241.11 miLundy Close, Barnstaple, EX322
£75004/241.16 miOld Sticklepath Hill, Sticklepath, EX312

Local Area Statistics

Population in EX31

25,086

Population in Barnstaple

48,982

Town centre distance

0.66 miles away

Nearest school

0.10 miles away

Nearest train station

1.01 miles away

 

 

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £160,000

November 27, 2024

Price changed to £170,000

November 13, 2024

Listed for £180,000

October 24, 2024

Floor Plans

Description

  • A DETACHED 1800'S CHARACTER FILLED PROPERTY +
  • For Sale by Modern Auction - T & C's apply +
  • Subject to Reserve Price +
  • Buyers Fees Apply +
  • The Modern Method of Auction +
  • 2 Bedrooms +
  • 2 Reception Rooms (both with multi-fuel burning stoves) +
  • Extended Kitchen overlooking the garden +
  • Ground Floor Shower Room & First Floor Bathroom +
  • Wrap-around gardens with stone-built Shed / Workshop +

Set within a prime Pilton location and forming part of history within the historic village, Bond Oxborough Phillips are pleased to offer to the market this 2 Bedroom detached 1800's character filled old school house.

The property has been converted to create cosy living throughout with 2 separate Reception Rooms (both with multi-fuel burners for the cold winter nights in) an extended Kitchen space overlooking the rockery and garden, 2 double Bedrooms (of which one has been recently redecorated), an upstairs Bathroom that has plumbing for a WC and a modern, fully fitted downstairs Shower Room.

Outside, the property is accessed via a private gated entrance with walled, wrap-around gardens which offer a sunny patio space, a rockery and a stone-built Shed / Workshop.

With the added benefit of no onward chain, this property is a must see.

This property is for sale by Modern Method of Auction powered by iamsold LTD - Starting Bid £170,000 plus Reservation Fee.

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted, the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Barnstaple Town Centre, the historic and regional centre of North Devon. Situated in the valley of the River Taw, it 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 and restaurants. The vibrant town combines modern shopping amenities with a bustling market atmosphere.

The popular sandy beaches of Woolacombe, Croyde and Instow are within easy reach and the A361 North Devon Link Road provides convenient access to the M5 motorway network and beyond.

Directions
From our office proceed up Bear Street taking the left hand turning at the traffic lights onto Alexandra Road. Continue straight over the first roundabout and pass through the next set of traffic lights. Take the second exit at the next roundabout signposted Pilton. Continue along Pilton Causeway turning left just after the traffic lights and take the next right hand turning on Pilton Street. Continue towards the top of the road and park before reaching the left and right hand fork (parking is free). Walk through the archway at the top of the road and along the tarmac pathway that borders the church. Proceed down the steps at the end and turn right to where the property will be found on your right hand side with a nameplate and For Sale board clearly displayed.

Agent Details

Bond Oxborough Phillips, Barnstaple

01271 371234

Next Steps?

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