2 Bed Flat, Single Let, Radstock, BA3 3TU, £185,000

May Tree Road, Westfield, Radstock, Somerset, BA3 3TU - 2 views - a month ago

Sold STC
Leasehold
BTL
ROI: 1%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£101K - £210K
Sold Prices/m²£1.9K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£194,209
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£695 - £1,295

Rent Estimate

£791

Running Costs/mo

£756

Cashflow/mo

£35

Cashflow/yr

£420

ROI

1%

Gross Yield

5%

Local Sold Prices

25 sold prices from £101K to £210K, average is £162.5K. £1.9K/m² to £4.3K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£147K12/200.07 mi19, Holly Walk, Radstock, Bath And North East Somerset BA3 3TT2
£187.6K08/220.21 mi11, Pine Walk, Westfield, Radstock, Bath And North East Somerset BA3 3TQ2
£168K06/210.58 miFlat 6, Wishford Mews, Radstock Road, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2AW2
£156K03/230.58 miFlat 3, Wishford Mews, Radstock Road, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2AW2
£130K04/230.78 mi8, Stanley Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2DU2
£127.5K03/210.78 mi3, Stanley Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2DU2
£157K04/230.78 mi10, Rackvernal Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2DH2
£101K10/200.78 mi9, Rackvernal Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2DH2
£163K05/220.88 miFlat 1, Millards Court, Millards Hill, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2XL2
£153.5K12/220.94 mi32, Lillington Road, Radstock, Bath And North East Somerset BA3 3NR2
£172.5K12/220.99 miFlat 7, Larchwood Court, Tyning Hill, Radstock, Bath And North East Somerset BA3 3DS2
£150K05/231.06 miFlat 15, Mill Court, The Island, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2HA2
£175K12/221.18 mi35, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£174K02/231.18 mi17, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£165K07/211.19 mi46, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£175K10/221.19 mi36, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£162.5K07/211.19 mi12, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£210K09/221.19 mi11, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£154.5K04/211.19 mi21, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£162.5K02/211.19 mi17, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£186K11/221.19 mi28, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£174.9K08/221.19 mi38, Church Court, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2JA2
£132K05/221.64 mi107, Hillside Avenue, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2LU2
£130K04/221.68 mi74, Hillside Avenue, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2NA2
£159K11/201.73 mi10, Smallwood View, Midsomer Norton, Radstock, Bath And North East Somerset BA3 2LG2

Local Rents

14 rents from £695/mo to £1.3K/mo, average is £973/mo.

RentDateDistanceAddressBeds 
£82512/240.08 miHolly Walk, Westfield2
£99512/240.4 miWells Road, Westfield, Radstock2
£1,00012/230.56 mi-2
£1,10002/230.56 mi-2
£1,20008/230.56 mi-2
£1,27512/240.56 mi-2
£1,19508/240.56 mi-2
£1,29508/240.56 mi-2
£90012/240.67 mi-2
£92504/240.79 mi-2
£95012/240.83 miMidsomer Norton, Radstock2
£73512/240.88 mi-2
£95012/241.03 miThe Island, Midsomer Norton, RADSTOCK2
£69509/231.06 mi-2

Local Area Statistics

Population in BA3

34,594

Town centre distance

0.29 miles away

Nearest school

0.60 miles away

Nearest train station

7.25 miles away

 

 

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £185,000

February 17, 2025

Floor Plans

Description

A well presented and fully self contained ground floor apartment situated in the Westfield area of Radstock and offered for sale with no onward chain. The living accommodation comprises an entrance hall, spacious sitting room, fitted kitchen, a small conservatory, two bedrooms and a shower room. Other features include a gas central heating system and PVCu double glazing. Outside the is a fully enclosed low maintenance rear garden. In addition to the above the property also boasts a single garage in a nearby block. An ideal first time buyers home but also suitable as a but to let investment. Highly recommended.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QMI250062/2

Agent Details

YOUR MOVE Bailey & Bryant, Midsomer Norton

01761 250903

Next Steps?

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