2 Bed Flat, Single Let, Barnstaple, EX32 9FF, £145,000

16 RUMSAM MEADOWS, Barnstaple, EX32 9FF - 3 views - 3 months ago

Leasehold
BTL
ROI: 1%
55 m²
+2 photos

ValuationOvervalued

Sold Prices£88K - £215K
Sold Prices/m²£1.9K/m² - £4K/m²

 

 

Square Metres

55 m²
Price/m²£2.6K/m²

Value Estimate

£136,915

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Total Cash In

£41,800

 

 

Cash Out

 

Rent Range

£625 - £1,100

Rent Estimate

£650

Running Costs/mo

£603

Cashflow/mo

£47

Cashflow/yr

£563

ROI

1%

Gross Yield

5%

Local Sold Prices

42 sold prices from £88K to £215K, average is £146K. £1.9K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£140K01/230.48 mi18, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£120K05/210.48 mi9, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£125K07/220.51 mi12, Hollowtree Court, Barnstaple, Devon EX32 9DL2
£120K05/230.75 mi55, East Park Road, Barnstaple, Devon EX32 8PL2
£88K04/210.78 mi22, Brewer Road, Barnstaple, Devon EX32 8EX2
£162.5K07/220.78 mi11, Brewer Road, Barnstaple, Devon EX32 8EX2
£145K11/210.82 miFlat 8, Portland Court, Victoria Road, Barnstaple, Devon EX32 9HF2
£127K12/220.86 mi23, Stoat Park, Barnstaple, Devon EX32 8PT2
£160K10/220.86 mi31, Stoat Park, Barnstaple, Devon EX32 8PT2
£139K06/220.86 mi20, Stoat Park, Barnstaple, Devon EX32 8PT2
£185K08/210.9 miFlat 3, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX2
£153K09/210.9 miFlat 2, Westview Court, Constitution Hill, Barnstaple, Devon EX32 8DX2
£102K01/230.9 mi43, Otter Way, Barnstaple, Devon EX32 8PS2
£150K11/220.93 mi41, Otter Way, Barnstaple, Devon EX32 8PS2
£155K06/230.98 mi19a, Summerland Street, Barnstaple, Devon EX32 8JH2
£170K01/231.08 mi61, Westacott Meadow, Barnstaple, Devon EX32 8QX2
£127K04/211.1 mi55, Westacott Meadow, Barnstaple, Devon EX32 8QX2
£120K08/231.1 miFlat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£117K01/211.1 miFlat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£108K05/211.1 miFlat 10, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£122K02/231.1 miFlat 6, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£118K06/221.1 miFlat 4, Alexandra Court, Alexandra Road, Barnstaple, Devon EX32 8AZ2
£180K09/221.11 mi14, Hills View, Barnstaple, Devon EX32 8BN2
£119K12/201.12 miFlat 7, Ebberley Court, Alexandra Road, Barnstaple, Devon EX32 8BA2
£137.5K04/231.26 miTop Floor Flat, 37, Richmond Street, Barnstaple, Devon EX32 7DP2
£168K03/221.28 miFlat 4, College Court, Old Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2BG2
£147K05/211.28 miFlat 2, College Court, Old Sticklepath Hill, Sticklepath, Barnstaple, Devon EX31 2BG2
£115K09/211.29 mi14a - 14b, Joy Street, Barnstaple, Devon EX31 1BS2
£175K07/211.3 miApartment 24, Cleave Point, Cleave Road, Sticklepath, Barnstaple, Devon EX31 2AT2
£185K02/231.39 mi46a, Silverwood Heights, Barnstaple, Devon EX32 7RJ2
£205K04/211.42 mi1, Coronation Street, Barnstaple, Devon EX32 7AY2
£178K07/211.53 miFlat 8, Park View, Pilton Causeway, Barnstaple, Devon EX32 7FB2
£215K06/221.54 mi8, Oaklands Gardens, Sticklepath, Barnstaple, Devon EX31 2EZ2
£132K07/211.57 mi78, Bakery Way, Landkey, Barnstaple, Devon EX32 0LJ2
£180K02/211.68 mi87, Pilton Street, Barnstaple, Devon EX31 1PQ2
£186.8K10/221.68 mi87, Pilton Street, Barnstaple, Devon EX31 1PQ2
£190K12/201.73 mi4, West End, Barnstaple, Devon EX31 1GL2
£145K11/211.86 mi58, Westaway Heights, Barnstaple, Devon EX31 1NR2
£147K12/201.86 mi75, Westaway Heights, Barnstaple, Devon EX31 1NR2
£150K11/201.86 mi74, Westaway Heights, Barnstaple, Devon EX31 1NR2
£136K08/211.86 mi85, Westaway Heights, Barnstaple, Devon EX31 1NR2
£160K07/221.89 mi36, Westaway Heights, Barnstaple, Devon EX31 1NY2

Local Rents

24 rents from £625/mo to £1.1K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£92503/240.14 miChichester Close2
£62504/240.5 miNewport Road, Barnstaple, Devon2
£82512/230.53 mi-2
£85012/240.53 mi-2
£72503/240.89 miWoolbarn Lawn, Whiddon Valley, Barnstaple, Devon, EX322
£1,10011/230.91 mi-2
£77504/250.91 mi-2
£80004/240.93 miBishops Tawton, Barnstaple2
£80003/240.98 miAshleigh Road, Barnstaple, EX322
£1,10011/230.99 mi-2
£1,10009/240.99 mi-2
£85009/231 mi-2
£80001/241 mi-2
£95011/231 mi-2
£87503/241.06 miWalton Way, Barnstaple2
£69503/241.07 miSpeedwell Close, Whiddon Valley, Barnstaple, Devon, EX322
£79502/251.09 mi-2
£92504/241.11 miQueen Street, Barnstaple2
£92505/241.11 miQueen Street, Barnstaple2
£92504/241.12 miQueen Street, Barnstaple2
£67504/241.17 miDoone House, Barnstaple, Devon2
£92503/241.18 miRegent House, Queens Street2
£80003/241.2 miLundy Close, Barnstaple, EX322
£72504/241.21 miBarnstaple2

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

1.20 miles away

Nearest school

0.40 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £145,000

February 6, 2025

Floor Plans

Description

  • AVAILABLE AT 70% MARKET VALUE +
  • FIRST TIME BUYERS ONLY +
  • TOP FLOOR APARTMENT (NO LIFT) +
  • VERY WELL PRESENTED ACCOMMODATION +
  • VIEWS TOWARDS BARNSTAPLE TOWN CENTRE +
  • GAS CENTRAL HEATING +
  • PVCU DOUBLE GLAZING +
  • PARKING FOR ONE CAR +

This well-presented 2-bedroom second-floor apartment is located in the highly sought-after Rumsam area of Barnstaple, offering convenient access to nearby shops, pubs, a school, and bus routes. The property also enjoys views towards Barnstaple town centre and includes designated communal parking. Available to first-time buyers only, the apartment is offered at 70% of the market value.

The property is equipped with gas fired central heating and PVCU double glazing. Inside, you'll find an entrance hall with two useful storage cupboards, a spacious and light-filled lounge with views over Barnstaple town, and a kitchen featuring a range of wall and base units, working surfaces, a tiled surround, a sink and drainer unit, an electric oven with a 4-ring hob with extractor over, and space for additional appliances.

Both bedrooms are generously sized and could easily accommodate double beds. The family bathroom includes a bath with a shower attachment, a pedestal wash basin, and a low-level WC.

To the front of the property, there is designated parking with one space allocated to this apartment.
Proceed onto Newport Road and continue to the traffic lights. Turn right onto South Street. Proceed for approx. 50 yards turning left onto Rumsam Road. Proceed for approx. 1/4 mile and turn right into Willow Tree Road and the turning for Rumsam Meadow will be seen on the left hand side. Follow the road around to the right where the property will be found on the left hand side.

Agent Details

Webbers Property Services, Barnstaple

01271 443477

Next Steps?

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