3 Bed Detached House, Single Let, Barnstaple, EX32 0JQ, £450,000

Blakeshill Road, Landkey, Barnstaple, EX32 0JQ - 2 months ago

BTL

~93 m²

ValuationOvervalued

Sold Prices	£175K - £580K
Sold Prices/m²	£2.1K/m² - £4.6K/m²

Square Metres	~93 m²
Price/m²	£4.8K/m²
Value Estimate	£298,586£298,586

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£24,700£24,700
Total Cash In	£137,200£137,200

Cash Out
Rent Range	£550 - £1,500£550 - £1,500
Rent Estimate	£588
Running Costs/mo	£1,544£1,544
Cashflow/mo	£-956£-956
Cashflow/yr	£-11,470£-11,470
Gross Yield	2%2%

Local Sold Prices

21 sold prices from £175K to £580K, average is £266.5K. £2.1K/m² to £4.6K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£292.5K	04/23	0.06 mi	2, Bramble Path, Landkey, Barnstaple, Devon EX32 0UG	-	-	3	Terraced House
£239K	03/21	0.08 mi	7, Barleycorn Fields, Landkey, Barnstaple, Devon EX32 0UD	£3,104	77	3	Terraced House
£231.5K	12/20	0.08 mi	14, Barleycorn Fields, Landkey, Barnstaple, Devon EX32 0UD	£2,968	78	3	Semi-Detached House
£280K	09/21	0.08 mi	16, Castle Mill, Landkey, Barnstaple, Devon EX32 0FA	£3,457	81	3	Detached House
£580K	05/23	0.11 mi	4, The Orchards, Landkey, Barnstaple, Devon EX32 0QP	-	-	3	Detached House
£195K	07/23	0.14 mi	35, Bakery Way, Landkey, Barnstaple, Devon EX32 0LJ	£2,378	82	3	Terraced House
£500.3K	12/22	0.15 mi	16, Sloe Lane, Landkey, Barnstaple, Devon EX32 0UF	£4,302	116	3	Detached House
£386.5K	05/21	0.16 mi	22, Cherry Tree Drive, Landkey, Barnstaple, Devon EX32 0UE	£4,601	84	3	Detached House
£295K	08/21	0.16 mi	8, Mazzard Close, Landkey, Barnstaple, Devon EX32 0LL	£3,471	85	3	Detached House
£175K	09/21	0.16 mi	3, Mazzard Close, Landkey, Barnstaple, Devon EX32 0LL	-	-	3	Terraced House
£185K	04/21	0.16 mi	31, Mazzard Close, Landkey, Barnstaple, Devon EX32 0LL	£2,569	72	3	Semi-Detached House
£221.5K	04/23	0.16 mi	3, Mazzard Close, Landkey, Barnstaple, Devon EX32 0LL	-	-	3	Terraced House
£345K	06/21	0.17 mi	Adelphia, Manor Road, Landkey, Barnstaple, Devon EX32 0JJ	£3,317	104	3	Detached House
£241K	11/22	0.19 mi	21, Mazzard Close, Landkey, Barnstaple, Devon EX32 0LL	£2,648	91	3	Terraced House
£266.5K	12/20	0.2 mi	11, Denes Close, Landkey, Barnstaple, Devon EX32 0JD	£3,417	78	3	Detached House
£197.5K	12/20	0.23 mi	7, Church Lake, Landkey, Barnstaple, Devon EX32 0JS	£2,599	76	3	Terraced House
£196K	02/21	0.28 mi	6, Church Meadow, Landkey, Barnstaple, Devon EX32 0JB	£2,085	94	3	Terraced House
£280K	04/21	0.32 mi	3, Bramley Meadow, Landkey, Barnstaple, Devon EX32 0PB	£3,571	78	3	Detached House
£345K	06/23	0.33 mi	Derrie, Tanners Road, Landkey, Barnstaple, Devon EX32 0NQ	£3,350	103	3	Detached House
£410K	06/21	0.43 mi	6, Newlands Close, Landkey, Barnstaple, Devon EX32 0NH	-	-	3	Detached House
£260K	05/21	0.47 mi	8, Newlands, Landkey, Barnstaple, Devon EX32 0NJ	£2,453	106	3	Terraced House

Local Rents

52 rents from £550/mo to £1.5K/mo, average is £813/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	04/24	0.54 mi	Harford, Landkey	3	Flat
£1,300	04/24	0.54 mi	Harford, Landkey	3	Flat
£1,000	04/24	1.17 mi	Oak Tree Drive, Barnstaple	3	Detached House
£695	03/24	1.18 mi	Speedwell Close, Whiddon Valley, Barnstaple, Devon, EX32	2	Flat
£600	04/24	1.35 mi	1 Bedroom ground floor flat in Peards Down Close, Barnstaple	1	Flat
£725	03/24	1.5 mi	Woolbarn Lawn, Whiddon Valley, Barnstaple, Devon, EX32	2	Terraced House
£800	02/24	1.53 mi	-	1	Flat
£1,250	09/23	1.62 mi	-	2	Bungalow
£1,150	03/25	1.62 mi	-	2	Bungalow
£975	06/24	1.65 mi	-	3	Terraced House
£975	06/24	1.65 mi	-	3	Terraced House
£800	01/24	1.74 mi	-	1	Flat
£800	04/25	1.74 mi	-	1	Flat
£1,400	02/25	1.77 mi	-	3	Bungalow
£1,400	03/25	1.77 mi	-	3	Bungalow
£800	11/24	1.8 mi	-	3	Terraced House
£1,500	04/24	1.83 mi	Goodleigh, Barnstaple	4	Detached House
£925	03/24	1.84 mi	Chichester Close	2	Flat
£650	04/24	1.88 mi	Lynwood House, Barnstaple, EX32	1	Flat
£650	05/24	1.88 mi	-	1	Flat
£650	05/24	1.88 mi	-	1	Flat
£550	04/24	1.88 mi	Clarence Place, South Street, Barnstaple	1	Flat
£625	07/24	1.88 mi	-	1	Flat
£625	12/24	1.89 mi	South Street, Newport, Barnstaple, EX32	1	Flat
£800	04/24	1.91 mi	Bishops Tawton, Barnstaple	2	Terraced House
£875	03/24	1.92 mi	Northcliffe, Bishops Tawton, Barnstaple	3	Detached House
£625	04/24	1.95 mi	Newport Road, Barnstaple, Devon	2	Flat
£825	12/23	1.99 mi	-	2	Flat
£850	12/24	1.99 mi	-	2	Flat
£800	03/24	2.02 mi	Lundy Close, Barnstaple, EX32	2	Terraced House
£875	03/24	2.04 mi	Walton Way, Barnstaple	2	Detached House
£650	03/24	2.08 mi	Gloster Road, Barnstaple	1	Flat
£1,400	04/24	2.18 mi	Newport Road, Barnstaple, Devon, EX32	4	Terraced House
£925	03/24	2.19 mi	Martin Road, Barnstaple, Devon, EX32	3	Flat
£550	04/24	2.23 mi	Rock Park Terrace, Barnstaple	1	Flat
£800	03/24	2.26 mi	Ashleigh Road, Barnstaple, EX32	2	Flat
£995	03/24	2.28 mi	Silverwood Heights, Barnstaple, Devon, EX32	4	Detached House
£1,300	11/24	2.34 mi	-	4	Terraced House
£1,100	11/23	2.37 mi	-	2	Terraced House
£785	05/24	2.37 mi	Long Meadow Drive	2	Semi-Detached House
£850	03/24	2.38 mi	Long Meadow Drive, Barnstaple	2	Flat
£675	04/24	2.41 mi	Doone House, Barnstaple, Devon	2	Flat
£725	04/24	2.43 mi	Long Meadow Drive, Barnstaple, Devon, EX32	2	Terraced House
£725	04/24	2.43 mi	Long Meadow Drive, Barnstaple, Devon, EX32	2	Terraced House
£850	02/24	2.45 mi	-	1	Flat
£900	03/24	2.45 mi	-	1	Flat
£900	09/24	2.45 mi	-	1	Flat
£800	02/25	2.45 mi	-	1	Flat
£850	09/23	2.46 mi	-	2	Flat
£800	04/24	2.47 mi	-	2	Terraced House
£800	01/24	2.47 mi	-	2	Flat
£950	11/23	2.47 mi	-	2	Flat

Local Area Statistics

Population in EX32	23,89623,896
Population in Barnstaple	48,98248,982
Town centre distance	2.67 miles away2.67 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.64 miles away2.64 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+33%+33%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+13%+13%

Property History

Listed for £450,000

February 21, 2025

Floor Plans

Description

A Great & Unique Opportunity +
Sought After Village Of Landkey +
Scope To Tailor and Bespoke +
No Ongoing Chain +
Close To Amenities +

A unique and rare opportunity to acquire this soon to be 3 bedroom detached home, situated in a large plot and offers scope to bespoke with the developer. No Ongoing Chain.

Situated in the highly sought-after village of Landkey, Devon, awaits a superb and unique opportunity to own your dream home. This stunning property is currently undergoing an impressive extension, transforming it into a spacious and exciting three-bedroom home all finished to an exacting standard.

The Old Stables will have brand new interior flooring and fittings and promises a fresh and modern living space. If you secure this home early enough, the developer offers you the chance to tailor the finishes to suit your personal taste and lifestyle, ensuring your new home is perfectly customized to your preferences.

The exterior of the property is a blank canvas, awaiting your imagination and design input. Whether you dream of a vibrant garden, a serene patio, or a chic outdoor entertainment area, the possibilities are endless. This property is situated on a large plot, providing ample outdoor space for gardening, entertaining, or simply enjoying the tranquility and charm of village life.

With ample off-road parking, convenience and ease are always at your doorstep. This unique opportunity is not to be missed. Don't miss out on the chance to own a beautifully extended home with all the modern amenities you desire. Act quickly to secure your future in this idyllic village setting and transform this property into your very own dream home!

Please call James now to book your visit!

Agent Details

Phillips, Smith & Dunn, Barnstaple

020 3870 5461

Next Steps?

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

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