2 Bed Flat, Single Let, Hayle, TR27 4JY, £190,000

Bay View Road, Hayle, TR27 4JY - 2 months ago

Leasehold
BTL
ROI: 1%
~54 m²
+4 photos

ValuationUndervalued

Sold Prices£135K - £525K
Sold Prices/m²£2.6K/m² - £9K/m²

 

 

Square Metres

~54.20 m²
Price/m²£3.5K/m²

Value Estimate

£218,632
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£795 - £2,700

Rent Estimate

£850

Running Costs/mo

£784

Cashflow/mo

£66

Cashflow/yr

£795

ROI

1%

Gross Yield

5%

Local Sold Prices

15 sold prices from £135K to £525K, average is £200K. £2.6K/m² to £9K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£200K12/210.02 miFlat 6, Bayview Court, Bay View Terrace, Hayle, Cornwall TR27 4JY2
£190K11/210.15 mi59a, Penpol Terrace, Hayle, Cornwall TR27 4BQ2
£195K11/210.15 mi59b, Penpol Terrace, Hayle, Cornwall TR27 4BQ2
£180K11/210.3 miFlat 2, Malthouse Court, Sea Lane, Hayle, Cornwall TR27 4DU2
£180K11/210.3 miFlat 2, Malthouse Court, Sea Lane, Hayle, Cornwall TR27 4DU2
£186K07/230.37 miFlat 8, St. Johns Court, St Johns Street, Hayle, Cornwall TR27 4LN2
£200K09/220.37 miFlat 1, St. Johns Court, St Johns Street, Hayle, Cornwall TR27 4LN2
£135K04/210.52 miFlat 3, St Georges Hall, Market Square, Hayle, Cornwall TR27 4BN2
£265K02/221.25 mi9, Gadwall Rise, Hayle, Cornwall TR27 6GP2
£292.5K11/221.26 mi7, Gadwall Rise, Hayle, Cornwall TR27 6GP2
£257.5K09/221.96 mi6 Rotorua Apartments, Trencrom Lane, Carbis Bay, St Ives, Cornwall TR26 2TD2
£525K12/202 miFlat 5, Gwel Marten, Headland Road, Carbis Bay, St. Ives, Cornwall TR26 2PB2
£323K10/212.12 miTresco, Poldhu Close, Carbis Bay, St. Ives, Cornwall TR26 2SJ2
£342K02/232.27 mi5, Godrevy Court, Carbis Bay, St Ives, Cornwall TR26 2RL2
£379K11/232.96 miPrimrose Court, Flat 12, Primrose Valley, St Ives, Cornwall TR26 2ED2

Local Rents

17 rents from £795/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95010/240.16 miStation Hill, Hayle2
£2,40011/230.16 mi-2
£2,40011/230.16 mi-2
£2,70002/240.16 mi-2
£2,40001/240.16 mi-2
£2,70005/240.16 mi-2
£95012/240.19 mi-2
£95010/240.19 mi-2
£95012/240.19 mi-2
£1,00010/240.31 miHarveys Yard, Hayle2
£1,50010/240.41 miNorth Quay, Hayle, Cornwall2
£1,60010/240.41 miApartment 24, The Yard, North Quay, TR27 4FX 2
£1,65010/240.41 mi Apartment 20, The Yard, North Quay, TR27 4FX2
£79512/240.46 mi-2
£79510/240.47 mi-2
£1,10010/240.52 miHayle. TR27 4FT2
£85012/240.53 mi-2

Local Area Statistics

Population in TR27

14,776

Town centre distance

0.35 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Buyer's market

Capital growth (5yrs)

+43%

Property History

Price changed to £190,000

March 16, 2025

Listed for £210,000

February 6, 2025

Floor Plans

Description

  • Ground Floor +
  • Two Bedroomed +
  • Original 999 Year Lease +
  • Parking +
  • Close to Coastline +
  • Master En Suite +
  • Open Plan Living Area +
  • Close to Train Station +
  • Communal Area to Rear +
  • EPC D +

This well-presented modern ground floor apartment offers a fantastic opportunity for first-time buyers or investors. Conveniently located with easy access to local amenities, the property features two bedrooms, including a master with an en-suite shower room. The open-plan living space combines a lounge, dining area, and fitted kitchen, creating a bright and sociable environment. From the front aspect, the apartment enjoys a pleasant outlook over the green at Harbour View, extending towards St Ives.

Additional benefits include off-road parking at the front and a communal area to the rear. The apartment is designed for comfortable, low-maintenance living, making it an ideal choice for those seeking a well-located home or investment property. With its desirable setting and modern layout, this leasehold property is a great opportunity to enjoy coastal living.

Agent Details

TAUK, Covering Nationwide

020 3910 6171

Next Steps?

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