2 Bed Flat, Single Let, Barnstaple, EX32 8BA, £118,000

Alexandra Road, Barnstaple, EX32 8BA - 5 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£88K - £205K
Sold Prices/m²£1.9K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£143,960
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,500

Stamp Duty & Legal Fees

£7,100

Total Cash In

£36,600

 

 

Cash Out

 

Rent Range

£675 - £1,100

Rent Estimate

£665

Running Costs/mo

£522

Cashflow/mo

£143

Cashflow/yr

£1,719

ROI

5%

Gross Yield

7%

Local Sold Prices

33 sold prices from £88K to £205K, average is £147K. £1.9K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£119K12/200 miFlat 7, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA2
£118K06/220.03 miFlat 4, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£120K08/230.03 miFlat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£117K01/210.03 miFlat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£108K05/210.03 miFlat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£122K02/230.03 miFlat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£180K09/220.06 mi14, Hills View, Barnstaple, Devon EX32 8BN2
£137.5K04/230.14 miTop Floor Flat, 37, Richmond Street, Barnstaple, Devon EX32 7DP2
£155K06/230.17 mi19a, Summerland Street, Barnstaple, Devon EX32 8JH2
£115K09/210.24 mi14a - 14b, Joy Street, Barnstaple, Devon EX31 1BS2
£145K11/210.31 miFlat 8, Portland Court, Victoria Road, Barnstaple, Devon EX32 9HF2
£205K04/210.32 mi1, Coronation Street, Barnstaple, Devon EX32 7AY2
£185K08/210.4 miFlat 3, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX2
£153K09/210.4 miFlat 2, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX2
£178K07/210.43 miFlat 8, Park View, Pilton Causeway, Barnstaple, Devon EX32 7FB2
£185K02/230.56 mi46a, Silverwood Heights, Barnstaple, Devon EX32 7RJ2
£180K02/210.57 mi87, Pilton Street, Barnstaple, Devon EX31 1PQ2
£186.8K10/220.57 mi87, Pilton Street, Barnstaple, Devon EX31 1PQ2
£88K04/210.59 mi22, Brewer Road, Barnstaple, Devon EX32 8EX2
£162.5K07/220.59 mi11, Brewer Road, Barnstaple, Devon EX32 8EX2
£125K07/220.66 mi12, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£140K01/230.67 mi18, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£120K05/210.67 mi9, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£190K12/200.74 mi4, West End, Barnstaple, Devon EX31 1GL2
£145K11/210.76 mi58, Westaway Heights, Barnstaple, Devon EX31 1NR2
£147K12/200.76 mi75, Westaway Heights, Barnstaple, Devon EX31 1NR2
£150K11/200.76 mi74, Westaway Heights, Barnstaple, Devon EX31 1NR2
£136K08/210.76 mi85, Westaway Heights, Barnstaple, Devon EX31 1NR2
£160K07/220.79 mi36, Westaway Heights, Barnstaple, Devon EX31 1NY2
£175K07/210.8 miApartment 24, Cleave Point, Cleave Road, Sticklepath, Barnstaple, Devon EX31 2AT2
£120K05/230.9 mi55, East Park Road, Barnstaple, Devon EX32 8PL2
£168K03/220.93 miFlat 4, College Court, Old Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2BG2
£147K05/210.93 miFlat 2, College Court, Old Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2BG2

Local Rents

26 rents from £675/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£72504/240.09 miBarnstaple2
£67504/240.11 miDoone House, Barnstaple, Devon2
£92505/240.13 miQueen Street, Barnstaple2
£92504/240.13 miQueen Street, Barnstaple2
£92504/240.14 miQueen Street, Barnstaple2
£92503/240.16 miRegent House, Queens Street2
£80003/240.18 miAshleigh Road, Barnstaple, EX322
£69504/240.2 miLoverings Court, Barnstaple, EX312
£79502/250.24 mi-2
£85009/230.25 mi-2
£95011/230.25 mi-2
£80001/240.25 mi-2
£1,10011/230.26 mi-2
£97510/230.27 mi-2
£1,10011/230.28 mi-2
£1,10009/240.28 mi-2
£69503/240.31 miBoutport Street, Barnstaple, Devon, EX312
£80004/240.47 mi-2
£87503/240.48 miWalton Way, Barnstaple2
£72504/240.49 miLong Meadow Drive, Barnstaple, Devon, EX322
£72504/240.49 miLong Meadow Drive, Barnstaple, Devon, EX322
£85004/240.5 miPilton Quayside, Barnstaple2
£85003/240.5 miLong Meadow Drive, Barnstaple2
£78505/240.53 miLong Meadow Drive2
£82512/230.6 mi-2
£85012/240.6 mi-2

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.32 miles away

Nearest school

0.10 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £118,000

November 25, 2024

Floor Plans

Description

  • 1st Floor Apartment +
  • 2 Bedrooms +
  • Open Plan Lounge Kitchen +
  • Allocated Parking Bay +
  • Gas Central Heating +
  • Town Centre Location +

This lovely two bedroom first floor would make some one a perfect first time home.  It is centrally located, being just a few minutes walk from Barnstaple Town Centre giving easy access for work or to get into town with friends. The apartment is on the first floor of a block of 8 flats, arranged over three floors.  There is a communal car park to the front of the property with an allocated car parking bay.  Enter the flat into an L shaped corridor with the smaller of the two bedrooms directly in front of you.  This is a good-sized single room or would make the perfect home office.  Light grey carpet and double glazed sash window which overlooks the rear of the development and Ebberley Lawn beyond.  The good-sized bathroom is opposite and comprises of white toilet, basin and bath with shower over.  The shower is an electric Mira unit.   The bathroom has an extractor fan and wall mounted radiator.  The flooring is a very practical vinyl wood effect floor.  The principal bedroom is next to the smaller and has built-in wardrobes, grey carpet and double glazed sash window overlooking the courtyard garden at the rear. Opposite this room is a marvellous storage cupboard which houses the hot water cistern and has space and plumbing for a washing machine.  There are also slatted shelves which are ideal for linens and towels. The apartment has an open plan lounge and kitchen which is ideal for modern day living of a single person or couple.   The kitchen is arranged in a “U” layout with light coloured base and wall units with contrasting black work top over.  The walls are part tiled with a light coloured ceramic tile.  There is a gas hob with extractor hood over, built in electric oven, and space for undercounter fridge.  The kitchen also houses the boiler.  Side window lets of light into the kitchen working area.  The flooring is of a practical vinyl grey wood effect which matches in well with the grey lounge carpet.  The lounge area can be arranged in many different ways to accommodate different lifestyles.  It has space for a small dining table and chairs as well as comfy sofa.  Large sash windows look out to the rear and enjoy the view of Ebberley Lawn gardens.  The lounge has a grey carpet which matches the vinyl of the kitchen floor. Externally there is a drying area to the rear and a small patio area for residents to enjoy some outdoor space. The apartment has an epc rating of C and benefits from gas central heating and double glazed windows. Council tax is band A.  The lease is a 999 year long lease issued in 1993.  The annual ground rent is a peppercorn rent and the current service charge is £886.24 per annum payable quarterly. There is a resident Management Company for the block, which you would automatically become a member and Northwood have been appointed to manage the building.  The lease allows for pets with prior consent from the Directors. There is mobile phone signal and ultrafast broadband is available. If you are looking for a Buy to Let property this property currently rent outs at £665pcm, providing a 6.76% gross yield.  There are tenants in occupation at present and would be willing to remain if purchased.  EPC rating: C. Tenure: Leasehold,

Agent Details

Northwood, Barnstaple

01271 445054

Next Steps?

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