2 Bed Flat, Single Let, Bodmin, PL31 2DR, £110,000

10 The Piazza, Bodmin, PL31 2DR - a month ago

Leasehold

BTL

ROI: 5%

62 m²

+5 photos

ValuationUndervalued

Sold Prices	£74.2K - £286K
Sold Prices/m²	£1.2K/m² - £3.7K/m²

Square Metres	62 m²
Price/m²	£1.8K/m²
Value Estimate	£116,478£116,478
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£4,500£4,500
Total Cash In	£32,000£32,000

Cash Out
Rent Range	£595 - £925£595 - £925
Rent Estimate	£629
Running Costs/mo	£490£490
Cashflow/mo	£139£139
Cashflow/yr	£1,673£1,673
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

20 sold prices from £74.2K to £286K, average is £120K. £1.2K/m² to £3.7K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£107.5K	06/22	0.01 mi	9, The Piazza, Bodmin, Cornwall PL31 2DR	£1,762	61	2	Flat
£90K	03/21	0.01 mi	17, The Piazza, Bodmin, Cornwall PL31 2DR	£1,669	54	2	Flat
£98.5K	01/21	0.01 mi	8, The Piazza, Bodmin, Cornwall PL31 2DR	£1,931	51	2	Flat
£135K	01/21	0.05 mi	14a, Fore Street, Bodmin, Cornwall PL31 2HQ	£1,164	116	2	Flat
£120K	06/22	0.17 mi	73a, Fore Street, Bodmin, Cornwall PL31 2JB	-	-	2	Flat
£74.2K	02/21	0.19 mi	First Floor Flat, 2, Crinnicks Hill, Bodmin, Cornwall PL31 1AL	-	-	2	Flat
£85K	09/23	0.28 mi	Flat 4, Gregorys Court, Robartes Road, Bodmin, Cornwall PL31 1HW	£1,848	46	2	Flat
£207K	03/22	0.31 mi	2, Berry Towers, Bodmin, Cornwall PL31 2EE	-	-	2	Flat
£130K	07/23	0.49 mi	2, Hillside Court, Bodmin, Cornwall PL31 2LF	-	-	2	Flat
£96K	05/21	0.49 mi	6, Hillside Court, Bodmin, Cornwall PL31 2LF	£1,882	51	2	Flat
£105K	06/21	0.49 mi	4, Hillside Court, Bodmin, Cornwall PL31 2LF	£1,510	70	2	Flat
£230K	02/21	0.59 mi	32, Tanwood View, Bodmin, Cornwall PL31 2PN	£3,651	63	2	Flat
£130K	04/22	0.63 mi	41, Royffe Way, Bodmin, Cornwall PL31 1GA	£2,241	58	2	Flat
£197.5K	04/22	0.65 mi	18, Royffe Way, Bodmin, Cornwall PL31 1GA	-	-	2	Flat
£112K	04/23	0.65 mi	44, Royffe Way, Bodmin, Cornwall PL31 1GA	£2,383	47	2	Flat
£97.5K	08/22	0.65 mi	40, Royffe Way, Bodmin, Cornwall PL31 1GA	-	-	2	Flat
£120K	08/23	0.71 mi	11, Berrycoombe Vale, Bodmin, Cornwall PL31 2PH	£1,875	64	2	Flat
£137K	11/21	0.72 mi	Flat 8, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ	-	-	2	Flat
£170K	04/22	0.72 mi	Flat 7, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ	-	-	2	Flat
£286K	06/21	1.05 mi	2, Westheath Road, Bodmin, Cornwall PL31 1QQ	£3,043	94	2	Flat

Local Rents

15 rents from £595/mo to £925/mo, average is £725/mo.

Rent	Date	Distance	Address	Beds	Type
£650	06/24	0.02 mi	The Piazza, Bodmin, Cornwall, PL31	2	Flat
£700	12/24	0.05 mi	-	2	Flat
£825	06/24	0.09 mi	Bodmin	2	Flat
£595	06/24	0.13 mi	5a St Nicholas Street, Bodmin	2	Flat
£675	06/24	0.14 mi	23 Castle Hill Court, Bodmin, PL31 2LE	2	Flat
£695	12/24	0.3 mi	-	2	Flat
£725	09/24	0.3 mi	-	2	Flat
£725	10/24	0.3 mi	-	2	Flat
£850	06/24	0.53 mi	-	2	Terraced House
£900	12/24	0.54 mi	-	2	Terraced House
£895	03/25	0.55 mi	-	2	Terraced House
£925	03/25	0.55 mi	-	2	Terraced House
£800	01/25	0.57 mi	-	2	Terraced House
£695	06/24	0.58 mi	Flat 2 2 Beaconsfield Terrace, Bodmin	2	Flat
£595	06/24	0.6 mi	Town End, Bodmin, Cornwall, PL31	2	Flat

Local Area Statistics

Population in PL31	14,56814,568
Population in Bodmin	24,87724,877
Town centre distance	0.23 miles away0.23 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	3.04 miles away3.04 miles away

Rental growth (12m)	+2%+2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+33%+33%

Property History

Listed for £110,000

February 19, 2025

Floor Plans

Description

Chain Free +
Town centre location +
Two Double Bedrooms +
Gas Central Heating +

The apartment benefits from an entrance with storage, spacious lounge/dining area, kitchen with built in gas hob, electric oven and integral washing machine. Family bathroom and two bedrooms both with built in wardrobes.

The property is considered ideal for a first purchase or as a buy to let investment.

The Piazza is situated on Crockwell Street in the centre of Bodmin and located close to shopping facilities, schools and transport links.

The property benefits from gas central heating, the boiler is located in the kitchen and is only approximately 18 months old.

The lease is for a term of 999 years from 01st January 2004

Agent Details

Ocean & Country, Par

01726 219612

Next Steps?

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

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Local Rents