2 Bed Flat, Single Let, Hayle, TR27 4FJ, £185,000

Chins Field Close, Hayle, Cornwall, TR27 4FJ - 1 views - 5 months ago

Sold STC

Leasehold

BTL

ROI: 2%

~68 m²

+8 photos

ValuationUndervalued

Sold Prices	£135K - £525K
Sold Prices/m²	£2.6K/m² - £6.7K/m²

Square Metres	~68.11 m²
Price/m²	£2.7K/m²
Value Estimate	£225,700£225,700
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£46,250£46,250
Stamp Duty & Legal Fees	£6,750£6,750
Total Cash In	£53,000£53,000

Cash Out
Rent Range	£795 - £2,700£795 - £2,700
Rent Estimate	£850
Running Costs/mo	£768£768
Cashflow/mo	£82£82
Cashflow/yr	£983£983
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

14 sold prices from £135K to £525K, average is £200K. £2.6K/m² to £6.7K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£135K	04/21	0.16 mi	Flat 3, St Georges Hall, Market Square, Hayle, Cornwall TR27 4BN	-	-	2	Flat
£186K	07/23	0.18 mi	Flat 8, St. Johns Court, St Johns Street, Hayle, Cornwall TR27 4LN	-	-	2	Flat
£200K	09/22	0.18 mi	Flat 1, St. Johns Court, St Johns Street, Hayle, Cornwall TR27 4LN	-	-	2	Flat
£180K	11/21	0.24 mi	Flat 2, Malthouse Court, Sea Lane, Hayle, Cornwall TR27 4DU	-	-	2	Flat
£180K	11/21	0.24 mi	Flat 2, Malthouse Court, Sea Lane, Hayle, Cornwall TR27 4DU	-	-	2	Flat
£200K	12/21	0.51 mi	Flat 6, Bayview Court, Bay View Terrace, Hayle, Cornwall TR27 4JY	£3,828	52	2	Flat
£190K	11/21	0.64 mi	59a, Penpol Terrace, Hayle, Cornwall TR27 4BQ	-	-	2	Flat
£195K	11/21	0.64 mi	59b, Penpol Terrace, Hayle, Cornwall TR27 4BQ	£2,592	75	2	Flat
£265K	02/22	1.73 mi	9, Gadwall Rise, Hayle, Cornwall TR27 6GP	£3,786	70	2	Flat
£292.5K	11/22	1.73 mi	7, Gadwall Rise, Hayle, Cornwall TR27 6GP	£4,239	69	2	Flat
£525K	12/20	2.44 mi	Flat 5, Gwel Marten, Headland Road, Carbis Bay, St. Ives, Cornwall TR26 2PB	-	-	2	Flat
£257.5K	09/22	2.44 mi	6 Rotorua Apartments, Trencrom Lane, Carbis Bay, St Ives, Cornwall TR26 2TD	-	-	2	Flat
£323K	10/21	2.59 mi	Tresco, Poldhu Close, Carbis Bay, St. Ives, Cornwall TR26 2SJ	-	-	2	Flat
£342K	02/23	2.71 mi	5, Godrevy Court, Carbis Bay, St Ives, Cornwall TR26 2RL	£6,706	51	2	Flat

Local Rents

18 rents from £795/mo to £2.7K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	10/24	0.14 mi	Hayle. TR27 4FT	2	Flat
£850	12/24	0.15 mi	-	2	Flat
£795	10/24	0.18 mi	-	2	Flat
£795	12/24	0.18 mi	-	2	Flat
£950	12/24	0.4 mi	-	2	Terraced House
£950	10/24	0.4 mi	-	2	Terraced House
£950	12/24	0.4 mi	-	2	Terraced House
£950	10/24	0.59 mi	Station Hill, Hayle	2	Flat
£2,400	11/23	0.63 mi	-	2	Flat
£2,400	11/23	0.63 mi	-	2	Flat
£2,700	02/24	0.63 mi	-	2	Flat
£2,400	01/24	0.63 mi	-	2	Flat
£2,700	05/24	0.63 mi	-	2	Flat
£1,000	10/24	0.77 mi	Harveys Yard, Hayle	2	Terraced House
£1,500	10/24	0.85 mi	North Quay, Hayle, Cornwall	2	Flat
£1,600	10/24	0.85 mi	Apartment 24, The Yard, North Quay, TR27 4FX	2	Flat
£1,650	10/24	0.85 mi	Apartment 20, The Yard, North Quay, TR27 4FX	2	Flat
£975	11/24	1.03 mi	-	2	Flat

Local Area Statistics

Population in TR27	14,77614,776
Town centre distance	0.50 miles away0.50 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.60 miles away0.60 miles away

Rental growth (12m)	+9%+9%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+43%+43%

Property History

Listed for £185,000

November 6, 2024

Floor Plans

Description

Immaculately Presented Modern 1st Floor Apartment +
2 Bedrooms +
Open Plan Living/Kitchen/Diner +
Modern Bathroom +
Walking Distance to Town and Schools +
Ideal First Home or Investment +
Allocated Parking +
Outside Storage +
EPC B +

An ideal first home or investment (approx 5.8% yield)!! Within walking distance to local amenities and schooling. Allocated tandem parking for two vehicles.

Agent Details

Bradleys, Hayle

01736 802038

Next Steps?

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

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