2 Bed Flat, Single Let, Bodmin, PL31 1FD, £110,000

Crinnicks Hill, Bodmin, Cornwall, PL31 1FD - 2 months ago

BTL
ROI: 5%
~68 m²
+12 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£127,958
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£595 - £950

Rent Estimate

£621

Running Costs/mo

£488

Cashflow/mo

£133

Cashflow/yr

£1,597

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 
£74.2K02/210.07 miFirst Floor Flat, 2, Crinnicks Hill, Bodmin, Cornwall PL31 1AL2
£135K01/210.1 mi14a, Fore Street, Bodmin, Cornwall PL31 2HQ2
£90K03/210.12 mi17, The Piazza, Bodmin, Cornwall PL31 2DR2
£98.5K01/210.12 mi8, The Piazza, Bodmin, Cornwall PL31 2DR2
£107.5K06/220.13 mi9, The Piazza, Bodmin, Cornwall PL31 2DR2
£120K06/220.22 mi73a, Fore Street, Bodmin, Cornwall PL31 2JB2
£85K09/230.31 miFlat 4, Gregorys Court, Robartes Road, Bodmin, Cornwall PL31 1HW2
£207K03/220.42 mi2, Berry Towers, Bodmin, Cornwall PL31 2EE2
£130K04/220.51 mi41, Royffe Way, Bodmin, Cornwall PL31 1GA2
£197.5K04/220.53 mi18, Royffe Way, Bodmin, Cornwall PL31 1GA2
£112K04/230.53 mi44, Royffe Way, Bodmin, Cornwall PL31 1GA2
£97.5K08/220.53 mi40, Royffe Way, Bodmin, Cornwall PL31 1GA2
£130K07/230.53 mi2, Hillside Court, Bodmin, Cornwall PL31 2LF2
£96K05/210.53 mi6, Hillside Court, Bodmin, Cornwall PL31 2LF2
£105K06/210.53 mi4, Hillside Court, Bodmin, Cornwall PL31 2LF2
£230K02/210.63 mi32, Tanwood View, Bodmin, Cornwall PL31 2PN2
£137K11/210.7 miFlat 8, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ2
£170K04/220.7 miFlat 7, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ2
£120K08/230.75 mi11, Berrycoombe Vale, Bodmin, Cornwall PL31 2PH2
£286K06/211 mi2, Westheath Road, Bodmin, Cornwall PL31 1QQ2

Local Rents

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

RentDateDistanceAddressBeds 
£59506/240.01 mi5a St Nicholas Street, Bodmin2
£70012/240.1 mi-2
£65006/240.14 miThe Piazza, Bodmin, Cornwall, PL312
£82506/240.22 miBodmin2
£67506/240.22 mi23 Castle Hill Court, Bodmin, PL31 2LE2
£69512/240.34 mi-2
£72509/240.34 mi-2
£72510/240.34 mi-2
£62506/240.51 mi73 Royffe Way Bodmin, PL31 1GA2
£95006/240.53 mi14 Halgavor Road, Bodmin2
£90012/240.54 mi-2
£89503/250.57 mi-2
£92503/250.57 mi-2
£80001/250.59 mi-2
£69506/240.6 miFlat 2 2 Beaconsfield Terrace, Bodmin2
£85006/240.61 mi-2
£59506/240.62 miTown End, Bodmin, Cornwall, PL312

Local Area Statistics

Population in PL31

14,568

Population in Bodmin

24,877

Town centre distance

0.14 miles away

Nearest school

0.20 miles away

Nearest train station

2.96 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £110,000

January 31, 2025

Floor Plans

Description

Stratton Creber are delighted to offer this charming 2-bedroom apartment located in the converted Temperance Hotel, a characterful building situated off Crinnicks Hill.

The apartment combines original features with modern living, creating a unique home full of character and style.

The property is accessed via a private courtyard, providing a secure entry to the building. Upon entering the flat, you are greeted by a spacious open-plan living area, offering ample space for both dining and relaxing.
The well-appointed kitchen is neatly integrated into this area, ideal for both everyday living and entertaining.

Upstairs, the double bedroom offers a tranquil retreat, with vaulted ceilings adding a sense of space and light. The second, single bedroom is perfect for a guest room or home office, while the family bathroom completes the accommodation.

The flat benefits from electric heating and double glazing throughout, ensuring comfort year-round. With its blend of modern convenience and historic charm, this property presents a wonderful opportunity for first-time buyers or investors alike.

Contact Stratton Creber today to arrange a viewing and discover this unique flat for yourself.

Agent Details

Stratton Creber, Bodmin

01208 228708

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪