2 Bed Flat, Single Let, Radstock, BA3 2LE, £160,000

1 Gladys House South Road, Midsomer Norton, BA3 2EZ - 3 views - 3 months ago

Leasehold
BTL
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£101K - £210K
Sold Prices/m²£1.9K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£192,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£650 - £3,500

Rent Estimate

£650

Running Costs/mo

£650

Cashflow/mo

£0

Cashflow/yr

£0

Gross Yield

5%

Local Sold Prices

21 sold prices from £101K to £210K, average is £162.5K. £1.9K/m² to £4.3K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£150K05/230.05 miFlat 15, Mill Court, The Island, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2HA2
£175K12/220.17 mi35, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£174K02/230.17 mi17, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£165K07/210.18 mi46, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£175K10/220.18 mi36, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£162.5K07/210.18 mi12, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£210K09/220.18 mi11, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£154.5K04/210.18 mi21, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£162.5K02/210.18 mi17, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£186K11/220.18 mi28, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£174.9K08/220.18 mi38, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£157K04/230.29 mi10, Rackvernal Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2DH2
£101K10/200.29 mi9, Rackvernal Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2DH2
£130K04/230.33 mi8, Stanley Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2DU2
£127.5K03/210.33 mi3, Stanley Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2DU2
£168K06/210.56 miFlat 6, Wishford Mews, Radstock Road, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2AW2
£156K03/230.56 miFlat 3, Wishford Mews, Radstock Road, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2AW2
£163K05/220.58 miFlat 1, Millards Court, Millards Hill, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2XL2
£132K05/220.68 mi107, Hillside Avenue, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2LU2
£130K04/220.71 mi74, Hillside Avenue, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2NA2
£159K11/200.78 mi10, Smallwood View, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2LG2

Local Rents

50 rents from £650/mo to £3.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£95012/240.03 miThe Island, Midsomer Norton, RADSTOCK2
£69509/230.05 mi-2
£73512/240.16 mi-2
£92504/240.26 mi-2
£1,75012/240.26 miNightingale Way, Westfield, Radstock4
£1,15012/240.28 miMidsomer Norton, Radstock2
£1,45012/240.3 miWestfield, Radstock4
£1,95004/240.38 mi-4
£95012/240.43 miMidsomer Norton, Radstock2
£99512/240.43 miCharlton Road, Midsomer Norton3
£1,20012/240.51 miRock Road, Midsomer Norton, Radstock, BA33
£1,65012/240.53 miSunnymead, Midsomer Norton4
£1,05012/240.62 miFosseway, Westfield, Radstock, Somerset, BA33
£1,20012/241.03 mi-3
£1,30012/241.03 mi-3
£1,20012/241.07 miMay Tree Road, Westfield3
£82512/241.09 miHolly Walk, Westfield2
£1,50004/231.09 mi-3
£1,55012/241.31 miWinterfield Road, Paulton4
£99512/241.34 miWells Road, Westfield, Radstock2
£1,25012/241.42 miChilcompton, Radstock2
£1,00012/231.51 mi-2
£1,10002/231.51 mi-2
£79502/231.51 mi-1
£1,20008/231.51 mi-2
£1,27512/241.51 mi-2
£1,19508/241.51 mi-2
£1,29508/241.51 mi-2
£77512/241.51 miWells Road, Radstock1
£3,20011/241.53 mi-5
£1,35001/251.57 mi-3
£75012/241.59 miCoombend House , Coombend, Radstock1
£90012/241.62 mi-2
£99512/241.68 miPaulton, Bristol, Somerset2
£75012/241.73 miHigh Street, Paulton1
£1,15012/241.86 miParsonage Lane, Chilcompton2
£1,00002/251.88 mi-2
£2,00012/241.9 mi-4
£1,20012/241.9 miPaulton, Bristol3
£1,05012/241.99 miStoneable Road, Radstock3
£1,60012/242.06 miMells Lane, Radstock, Somerset, BA33
£1,35012/242.1 miChilcompton, Radstock4
£65012/242.11 miSycamore Road, Radstock1
£3,50012/242.24 mi-7
£3,50012/242.25 miChurch Street, Kilmersdon6
£90012/242.27 miRadford, Timsbury1
£1,45010/242.32 mi-1
£2,50012/242.34 mi-4
£89512/242.34 miBainsbury View, Stratton-On-The-Fosse, Radstock2
£1,30012/242.35 miFarrington Gurney, Bristol2

Local Area Statistics

Population in BA3

34,594

Town centre distance

1.24 miles away

Nearest school

0.10 miles away

Nearest train station

7.84 miles away

 

 

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £160,000

December 19, 2024

Floor Plans

Description

  • No onward sales chain! +
  • On the High Street +
  • Public transport on the doorstep +
  • Two double bedrooms +
  • Open planned living +
  • Investment opportunity +

Listed by our Midsomer Norton office.
A first floor apartment located on Midsomer Norton High Street and therefore surrounded by a multitude of amenities and public transport links.
This property would make a great first time purchase or investment to which it has been used for since conversion.

In brief the accommodation comprises of communal entrance and landing, entrance hallway with doors off to bathroom, two bedrooms, handy storage cupbaord and an open planned living area.

An open planned living area provides a modern and light living space with kitchen that has built in appliances and space for fridge freezer. There is dining space and ample room for lounge furniture with window to front. Two double bedrooms, one of a large space and a white suite bathroom complete the accommodation internally.

Located on the High Street you are inundated with an array of amenities and public transport links with public parking nearby.

This would make a perfect first time purchase for a buyer looking to get onto the market or investment opportunity. The estimated ROI for an investor, before fees is circa 6.5% with a £875pcm market rent, however the current rent is £650pcm.

Agent?s notes:
Leasehold: 113 years remaining of a 125 year lease.
Ground rent: £50 per annum.
Maintenance charge: There is a maintenance charge payable of £668.67 per annum for 24/25.
This property can be sold with either the current tenant in place as an investment or if not with vacant possession where required.

Agent Details

Bath Stone Property, Midsomer Norton

01225 234564

Next Steps?

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