2 Bed Flat, Single Let, Bude, EX23 9BW, £155,000

Stratton, Bude, EX23 9BW - 1 views - 3 months ago

BTL
ROI: 5%
~52 m²
+5 photos

ValuationUndervalued

Sold Prices£118K - £600K
Sold Prices/m²£2.4K/m² - £5.8K/m²

 

 

Square Metres

~52.20 m²
Price/m²£3K/m²

Value Estimate

£189,100
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£8,950

Total Cash In

£47,700

 

 

Cash Out

 

Rent Range

£765 - £1,100

Rent Estimate

£875

Running Costs/mo

£679

Cashflow/mo

£196

Cashflow/yr

£2,348

ROI

5%

Gross Yield

7%

Local Sold Prices

15 sold prices from £118K to £600K, average is £255K. £2.4K/m² to £5.8K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£118K04/230.06 miFlat 1-4, Tree View, Fore Street, Stratton, Bude, Cornwall EX23 9DA2
£335K12/201.11 mi22, West Fairholme Road, Bude, Cornwall EX23 8JD2
£235K07/221.17 mi24b, Bramble Hill, Bude, Cornwall EX23 8DG2
£255K07/221.25 miFlat 4, Roseveare, Bencoolen Road, Bude, Cornwall EX23 8PJ2
£275K12/221.26 mi2b, Strand, Bude, Cornwall EX23 8QU2
£120K02/211.27 mi10 The Octagon, The Strand, Bude, Cornwall EX23 8RA2
£220K12/201.35 miTop Flat, 9, Downs View, Bude, Cornwall EX23 8RF2
£230K01/231.35 miFlat 8, Erdiston Court, Summerleaze Crescent, Bude, Cornwall EX23 8HG2
£190K06/221.42 miFlat 21, Pentyre Court, Vicarage Road, Bude, Cornwall EX23 8JQ2
£191K01/211.44 miFlat 1, Granary Court, Higher Wharf, Bude, Cornwall EX23 8LW2
£580K12/221.48 miApartment 4, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND2
£377K08/231.48 miApartment 7, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND2
£345K06/211.48 miApartment 28, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND2
£600K09/211.48 miApartment 4, Atlantic Rise, Crooklets Road, Bude, Cornwall EX23 8ND2
£385K10/221.92 mi4, Piran Heights, Upton, Bude, Cornwall EX23 0LY2

Local Rents

11 rents from £765/mo to £1.1K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£99504/240.08 mi-2
£97505/240.08 mi-2
£97503/250.08 mi-2
£99503/250.08 mi-2
£99503/240.08 miBridge Cottages, Stratton, Bude, EX232
£97504/240.08 miBridge Cottages, Stratton, Bude, EX232
£85004/240.53 miStratton, Bude2
£95004/240.61 miBude, Cornwall2
£95005/240.61 miBude, Cornwall2
£1,10005/241.02 miBude, Cornwall2
£76503/241.23 miLansdown Road, Bude2

Local Area Statistics

Population in EX23

15,617

Town centre distance

0.88 miles away

Nearest school

0.30 miles away

Nearest train station

23.72 miles away

 

 

Rental growth (12m)

+6%

Sales demand

Buyer's market

Capital growth (5yrs)

+37%

Property History

Price changed to £155,000

February 24, 2025

Listed for £160,000

January 22, 2025

Floor Plans

Description

  • 2 BEDROOM +
  • FIRST FLOOR APARTMENT +
  • SUPERB VIEWS OVER THE RIVER NEET +
  • SHARE OF FREEHOLD WITH A REMAINDER OF A 999 YEAR LEASE GRANTED IN 2021 +
  • WELL SUITED FOR FIRST TIME BUYER OR AS AN INVESTMENT PURCHASE +
  • WALKING DISTANCE OF PUBS AND LOCAL SHOP +

An exciting opportunity to acquire this 2 bedroom first floor apartment with superb views over the River Neet. This charming residence offers contemporary living whilst retaining many of its character features, complemented by double glazed windows throughout. Well suited for first time buyers or as a second home/investment opportunity. EPC D. Council Tax Band A.

The former market town of Stratton itself supports a useful range of local amenities including traditional shops, public house, modern hospital, garage and primary school etc. The adjoining popular coastal resort of Bude supports a further range of shopping, schooling and recreational facilities as well as lying amidst the rugged North Cornish coastline famed for its many nearby areas of outstanding natural beauty and popular bathing beaches. The bustling market town of Holsworthy is some 8 miles inland whilst the town of Okehampton lying on the fringes of Dartmoor National Park is some 28 miles and provides a convenient link to the A30 which connects in turn to the cathedral city of Exeter with its intercity railway network, airport and motorway links. The port and market town of Bideford is some 24 miles and the regional North Devon centre of Barnstaple is some 34 miles.

Directions
From Bude town centre proceed out of the town along The Strand turning left at the mini roundabout towards Stratton. Upon reaching the A39 turn left signposted Bideford and take the right hand signposted Holsworthy on the A3072. Follow the road leading down into the village and just as you come to the bridge the pedestrian gate leading to the communal entrance for the building will be found on your left hand side.

Agent Details

Bond Oxborough Phillips, Bude

01288 355066

Next Steps?

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