3 Bed Flat, Single Let, Bodmin, PL31 1RH, £215,000

St. Marys Gardens, Westheath Avenue, Bodmin, Cornwall, PL31 1RH - 2 views - 2 months ago

BTL
ROI: 1%
~93 m²
+11 photos

Valuation

Sold Prices£180K - £335K
Sold Prices/m²£2.5K/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,650

Total Cash In

£61,400

 

 

Cash Out

 

Rent Range

£850 - £1,350

Rent Estimate

£950

Running Costs/mo

£882

Cashflow/mo

£68

Cashflow/yr

£818

ROI

1%

Gross Yield

5%

Local Sold Prices

2 sold prices from £180K to £335K, average is £257.5K.

PriceDateDistanceAddressBeds 
£180K04/221.05 mi49, Royffe Way, Bodmin, Cornwall PL31 1GA3
£335K01/211.13 mi30a, Boxwell Park, Bodmin, Cornwall PL31 2BG3

Local Rents

12 rents from £850/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25006/240.06 mi8 Tremayne House Park Drive, Bodmin3
£95006/240.24 mi3 Bodiniel View, Bodmin, PL31 2PQ3
£95006/240.48 mi18 Foster Drive, Bodmin3
£99506/240.54 mi82 Fore Street, Bodmin, Cornwall, PL313
£1,15012/240.56 mi-3
£1,25009/240.72 mi-3
£95006/240.72 mi-3
£85012/241.06 miRoyffe Way, Bodmin, PL313
£1,25007/241.14 mi-3
£1,35007/241.17 mi-3
£1,19506/241.24 miGilbert Road, Bodmin, Cornwall, PL313
£1,19506/241.24 miHolmes Way, Bodmin, Cornwall, PL313

Local Area Statistics

Population in PL31

14,568

Population in Bodmin

24,877

Town centre distance

0.59 miles away

Nearest school

0.20 miles away

Nearest train station

3.55 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £215,000

February 12, 2025

Floor Plans

Description

This well presented property has three spacious bedrooms and a family bathroom with delightful feature windows through-out the property.

This characterful apartment has allocated parking and further visitor parking, gas central heating and use of the lovely communal gardens together with a share of the freehold.

Converted in the early 2000’s the apartment is located within a wonderful building, constructed in 1907 and used by the Catholic Church. The building has undergone extensive renovation but still preserves the original character.

This property benefits from a share of the freehold of St Mary’s Gardens, meaning there is does no ground rent (It is offered with the remainder of the original 999 year lease commencing 2001)

St Mary’s Gardens is a managed development, with a monthly management charge of £200.
Which includes- Buildings insurance, window cleaning, grounds maintenance, building
maintenance, other cyclical maintenance and outside redecoration. Cleaning in communal areas included.
Washing line is for communal use.

Please call the team to arrange a viewing on this charming property -

Agent Details

Stratton Creber, Bodmin

01208 228708

Next Steps?

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