2 Bed Flat, Single Let, Shaftesbury, SP7 8LZ, £115,000

19 St. Edwards Court, Shaftesbury, SP7 8LZ - 1 views - 2 months ago

Leasehold
BTL
ROI: 7%
54 m²
+6 photos

ValuationUndervalued

Sold Prices£122K - £330K
Sold Prices/m²£2.3K/m² - £4.5K/m²

 

 

Square Metres

54 m²
Price/m²£2.1K/m²

Value Estimate

£127,732
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£544 - £1,100

Rent Estimate

£706

Running Costs/mo

£521

Cashflow/mo

£185

Cashflow/yr

£2,225

ROI

7%

Gross Yield

7%

Local Sold Prices

7 sold prices from £122K to £330K, average is £145K. £2.3K/m² to £4.5K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£300K09/220.39 mi1, Savoy Court, Shaftesbury, Dorset SP7 8BN2
£330K07/220.4 mi6, Savoy Court, Shaftesbury, Dorset SP7 8BN2
£155K02/220.43 mi38, Mampitts Lane, Shaftesbury, Dorset SP7 8GR2
£145K12/220.46 mi4, Maple Road, Shaftesbury, Dorset SP7 8FR2
£139.9K12/200.51 mi5, Maple Road, Shaftesbury, Dorset SP7 8FR2
£145K11/200.51 mi3, Maple Road, Shaftesbury, Dorset SP7 8FR2
£122K06/210.6 mi3, Bickley Court, Shaftesbury, Dorset SP7 8RW2

Local Rents

11 rents from £544/mo to £1.1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£80009/240.08 miWoodman Court,Coppice Street2
£1,10009/240.09 miCoppice Street, Shaftesbury, Dorset2
£67509/240.22 miKings Cottage, Mustons Lane, Shaftesbury2
£87509/240.25 miBell Street, SHAFTESBURY2
£85009/240.25 miBell Street, Shaftesbury, Dorset2
£85003/250.27 mi-2
£90009/240.28 mi7 Bell Street, Shaftesbury SP7 8AR2
£95009/240.43 mi-2
£99509/240.43 miGreenstone Road, Shaftesbury2
£95001/250.49 mi-2
£54409/240.6 mi-2

Local Area Statistics

Population in SP7

13,749

Town centre distance

0.19 miles away

Nearest school

0.20 miles away

Nearest train station

4.08 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £115,000

January 31, 2025

Floor Plans

Description

A spacious two bedroom ground floor apartment for ages 55 and over. The property benefits from communal gardens and is located within easy reach of town centre facilities EPC Rated C

Summary - A wonderfully spacious two bedroom ground floor apartment for ages 55 and over situated within an easy level stroll of Shaftesbury's historic town centre. The property benefits from communal gardens and has recently had new carpets fitted in the bedrooms.

Description - A very well-presented, light and airy ground floor 2 bedroom Age Restricted Apartment nicely located in the ever popular St. Edwards Court complex only a short distance from the town centre. Situated on the ground floor, this apartment comprises: good sized living room with feature window, inner hallway, kitchen, 1 double bedroom, 1 single bedroom, cloakroom/utility and shower room. The property has been recently redecorated with new carpets and benefits from gas central heating and double glazing. There is also a site manager who is contactable for various residents needs.

Outside there are communal gardens and parking on a first come first serve basis. The properties also bene

Situation - Shaftesbury is an ancient Saxon hilltop town enjoying superb views over the surrounding countryside. It has a good range of facilities including supermarkets, theatre, banks, schools, cafes, inns, restaurants, small hospital, dentists, health centre, Churches, and shops including High Street names such as Boots, W H Smiths, Superdrug, and Costa. There are local bus and long distance coach services, Gillingham about 5 miles away, has a main line railway station on the Exeter / Waterloo line. The A303 is approximately 7 miles to the north giving access to the South-West and to London. The cathedral city of Salisbury is approximately 22 miles, and the Dorset Coast is approximately 35 miles away.

Additional Information - Services: Mains Water, Gas, Electricity & Drainage.
Council Authority: Dorset Council ~ Council Tax Band B:
Caution: NB All services and fittings mentioned in these particulars have NOT been tested and hence we cannot confirm that they are in working order.
Energy Performance Certificate: Rated: C
Lease: Service Charge: £2315.63 p.a. A new lease term upon completion of 60 years. 70% ownership with freeholder retaining 30%

Agent Details

Chaffers Estate Agents Ltd, Shaftesbury

01747 449987

Next Steps?

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