2 Bed Flat, Single Let, Bodmin, PL31 2DU, £105,000

Castle Street, Bodmin, Cornwall, PL31 2DU - 3 views - 5 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£74.2K - £286K
Sold Prices/m²£1.2K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£127,708
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,575

Total Cash In

£30,825

 

 

Cash Out

 

Rent Range

£595 - £950

Rent Estimate

£606

Running Costs/mo

£469

Cashflow/mo

£137

Cashflow/yr

£1,640

ROI

5%

Gross Yield

7%

Local Sold Prices

20 sold prices from £74.2K to £286K, average is £120K. £1.2K/m² to £3.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£135K01/210.02 mi14a, Fore Street, Bodmin, Cornwall PL31 2HQ2
£90K03/210.05 mi17, The Piazza, Bodmin, Cornwall PL31 2DR2
£98.5K01/210.05 mi8, The Piazza, Bodmin, Cornwall PL31 2DR2
£107.5K06/220.05 mi9, The Piazza, Bodmin, Cornwall PL31 2DR2
£74.2K02/210.14 miFirst Floor Flat, 2, Crinnicks Hill, Bodmin, Cornwall PL31 1AL2
£120K06/220.16 mi73a, Fore Street, Bodmin, Cornwall PL31 2JB2
£85K09/230.27 miFlat 4, Gregorys Court, Robartes Road, Bodmin, Cornwall PL31 1HW2
£207K03/220.36 mi2, Berry Towers, Bodmin, Cornwall PL31 2EE2
£130K07/230.48 mi2, Hillside Court, Bodmin, Cornwall PL31 2LF2
£96K05/210.48 mi6, Hillside Court, Bodmin, Cornwall PL31 2LF2
£105K06/210.48 mi4, Hillside Court, Bodmin, Cornwall PL31 2LF2
£230K02/210.58 mi32, Tanwood View, Bodmin, Cornwall PL31 2PN2
£130K04/220.6 mi41, Royffe Way, Bodmin, Cornwall PL31 1GA2
£197.5K04/220.61 mi18, Royffe Way, Bodmin, Cornwall PL31 1GA2
£112K04/230.61 mi44, Royffe Way, Bodmin, Cornwall PL31 1GA2
£97.5K08/220.61 mi40, Royffe Way, Bodmin, Cornwall PL31 1GA2
£137K11/210.69 miFlat 8, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ2
£170K04/220.69 miFlat 7, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ2
£120K08/230.7 mi11, Berrycoombe Vale, Bodmin, Cornwall PL31 2PH2
£286K06/211.01 mi2, Westheath Road, Bodmin, Cornwall PL31 1QQ2

Local Rents

17 rents from £595/mo to £950/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£70012/240.02 mi-2
£65006/240.06 miThe Piazza, Bodmin, Cornwall, PL312
£59506/240.08 mi5a St Nicholas Street, Bodmin2
£82506/240.13 miBodmin2
£67506/240.18 mi23 Castle Hill Court, Bodmin, PL31 2LE2
£69512/240.29 mi-2
£72509/240.29 mi-2
£72510/240.29 mi-2
£90012/240.52 mi-2
£89503/250.54 mi-2
£92503/250.54 mi-2
£85006/240.54 mi-2
£80001/250.55 mi-2
£69506/240.57 miFlat 2 2 Beaconsfield Terrace, Bodmin2
£59506/240.59 miTown End, Bodmin, Cornwall, PL312
£62506/240.6 mi73 Royffe Way Bodmin, PL31 1GA2
£95006/240.61 mi14 Halgavor Road, Bodmin2

Local Area Statistics

Population in PL31

14,568

Population in Bodmin

24,877

Town centre distance

0.19 miles away

Nearest school

0.30 miles away

Nearest train station

3.02 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Price changed to £105,000

March 28, 2025

Listed for £112,500

November 8, 2024

Floor Plans

Description

  • Two Bedroom Flat +
  • Parking +
  • Gas central heating +
  • No onward chain +
  • Ideal purchase for a first time buyer +
  • Short walk to Bodmin Town Centre +

Situated within Bodmin’s conservation area, this two-bedroom first-floor flat forms part of a converted period building, offering proximity to the town centre and essential amenities.

Accessed via a communal rear entrance, the flat has a private entrance door at the top of the stairs. The hallway opens to all main rooms, including a living area with a bay window overlooking Castle Street and a side window. The room provides space for both dining and lounge furnishings, and includes a fireplace with an electric flame fire.

The adjoining kitchen includes wood-effect vinyl flooring, an integrated oven with a ceramic hob, a wall-mounted boiler, and wood-effect work surfaces along with fitted storage units. A window allows natural light into the space.

The bathroom, situated near the kitchen, includes a double shower cubicle, pedestal basin, and WC. At the rear of the property are two bedrooms: the main bedroom, a double with window and radiator, and a second bedroom suitable as a single, also with a rear-facing window.

The property has an allocated parking space. The property includes a share of the freehold, a 999-year lease from 1988, and a monthly maintenance charge.
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Agent Details

Webbers Property Services, Bodmin

01208 223231

Next Steps?

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