2 Bed Flat, Single Let, Hayle, TR27 4LN, £180,000

St Johns Street, Hayle, Cornwall, TR27 4LN - 2 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+11 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£2.6K/m²
Value Estimate	£225,000£225,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£10,200£10,200
Total Cash In	£55,200£55,200

Cash Out
Rent Range	£795 - £2,700£795 - £2,700
Rent Estimate	£823
Running Costs/mo	£747£747
Cashflow/mo	£76£76
Cashflow/yr	£911£911
ROI	2%2%
Gross Yield	5%5%

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
£200K	09/22	0 mi	Flat 1, St. Johns Court, St Johns Street, Hayle, Cornwall TR27 4LN	-	-	2	Flat
£186K	07/23	0 mi	Flat 8, St. Johns Court, St Johns Street, Hayle, Cornwall TR27 4LN	-	-	2	Flat
£180K	11/21	0.07 mi	Flat 2, Malthouse Court, Sea Lane, Hayle, Cornwall TR27 4DU	-	-	2	Flat
£180K	11/21	0.07 mi	Flat 2, Malthouse Court, Sea Lane, Hayle, Cornwall TR27 4DU	-	-	2	Flat
£135K	04/21	0.15 mi	Flat 3, St Georges Hall, Market Square, Hayle, Cornwall TR27 4BN	-	-	2	Flat
£200K	12/21	0.39 mi	Flat 6, Bayview Court, Bay View Terrace, Hayle, Cornwall TR27 4JY	£3,828	52	2	Flat
£190K	11/21	0.52 mi	59a, Penpol Terrace, Hayle, Cornwall TR27 4BQ	-	-	2	Flat
£195K	11/21	0.52 mi	59b, Penpol Terrace, Hayle, Cornwall TR27 4BQ	£2,592	75	2	Flat
£265K	02/22	1.62 mi	9, Gadwall Rise, Hayle, Cornwall TR27 6GP	£3,786	70	2	Flat
£292.5K	11/22	1.62 mi	7, Gadwall Rise, Hayle, Cornwall TR27 6GP	£4,239	69	2	Flat
£525K	12/20	2.26 mi	Flat 5, Gwel Marten, Headland Road, Carbis Bay, St. Ives, Cornwall TR26 2PB	-	-	2	Flat
£257.5K	09/22	2.28 mi	6 Rotorua Apartments, Trencrom Lane, Carbis Bay, St Ives, Cornwall TR26 2TD	-	-	2	Flat
£323K	10/21	2.42 mi	Tresco, Poldhu Close, Carbis Bay, St. Ives, Cornwall TR26 2SJ	-	-	2	Flat
£342K	02/23	2.54 mi	5, Godrevy Court, Carbis Bay, St Ives, Cornwall TR26 2RL	£6,706	51	2	Flat

Local Rents

13 rents from £795/mo to £2.7K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£795	12/24	0.1 mi	-	2	Flat
£795	10/24	0.1 mi	-	2	Flat
£850	12/24	0.16 mi	-	2	Flat
£1,100	10/24	0.29 mi	Hayle. TR27 4FT	2	Flat
£950	12/24	0.34 mi	-	2	Terraced House
£950	10/24	0.34 mi	-	2	Terraced House
£950	12/24	0.34 mi	-	2	Terraced House
£950	10/24	0.49 mi	Station Hill, Hayle	2	Flat
£2,400	11/23	0.53 mi	-	2	Flat
£2,400	11/23	0.53 mi	-	2	Flat
£2,700	02/24	0.53 mi	-	2	Flat
£2,400	01/24	0.53 mi	-	2	Flat
£2,700	05/24	0.53 mi	-	2	Flat

Local Area Statistics

Population in TR27	14,77614,776
Town centre distance	0.49 miles away0.49 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.50 miles away0.50 miles away

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

Property History

Price changed to £180,000

February 28, 2025

Listed for £185,000

January 28, 2025

Floor Plans

Description

Approx. 6.2% Gross Yield +
First Floor Apartment +
2 Bedrooms +
Lounge +
Kitchen +
Wet Room +
Paved Garden Area +
Allocated Parking +
Gas Central Heating +
Double Glazing +

A unique opportunity to acquire this first floor two-bedroom apartment in a tucked away yet convenient situation within walking distance to the amenities of Hayle. The property benefits from double glazing, gas central heating, ground floor patio garden and allocated parking. Far reaching pleasant views towards Phillack can be appreciated from the lounge and kitchen.

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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