2 Bed Bungalow, Single Let, Bude, EX23 0ND, £170,000

Bude, Cornwall, EX23 0ND - 2 months ago

Auction
BTL
ROI: 4%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£107.5K - £565K
Sold Prices/m²£2.6K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£207,400
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Total Cash In

£53,100

 

 

Cash Out

 

Rent Range

£650 - £1,450

Rent Estimate

£900

Running Costs/mo

£731

Cashflow/mo

£169

Cashflow/yr

£2,025

ROI

4%

Gross Yield

6%

Local Sold Prices

24 sold prices from £107.5K to £565K, average is £252.5K. £2.6K/m² to £5.1K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£510K11/220.71 miBreakers, Combe Lane, Widemouth Bay, Bude, Cornwall EX23 0AA2
£385K02/230.83 miAstley, The Crescent, Widemouth Bay, Bude, Cornwall EX23 0AD2
£420K03/210.84 miSheerwater, The Crescent, Widemouth Bay, Bude, Cornwall EX23 0AD2
£230K06/231.48 mi25, Pinch Hill, Marhamchurch, Bude, Cornwall EX23 0ER2
£280K07/221.49 mi23, Pinch Hill, Marhamchurch, Bude, Cornwall EX23 0ER2
£565K06/211.81 miNewmills Farm, Newmills, Poundstock, Bude, Cornwall EX23 0DY2
£270K04/212.38 mi81, Bede Haven Close, Bude, Cornwall EX23 8QF2
£245K07/232.38 mi40, Bede Haven Close, Bude, Cornwall EX23 8QF2
£265K06/212.39 miThe Linney, Marsh Farm, Howard Lane, Stratton, Bude, Cornwall EX23 9TE2
£215K05/232.39 mi13, Traly Close, Bude, Cornwall EX23 8TQ2
£223K08/212.39 mi17, Traly Close, Bude, Cornwall EX23 8TQ2
£255K02/212.44 mi9, Berries Avenue, Bude, Cornwall EX23 8QE2
£279.9K04/232.46 mi57, Berries Avenue, Bude, Cornwall EX23 8QD2
£250K01/212.52 mi6, Manor Road, Bude, Cornwall EX23 8PU2
£236.3K09/212.54 mi2, Treleven Road, Bude, Cornwall EX23 8RZ2
£363K02/212.66 mi45, Valley Road, Bude, Cornwall EX23 8ER2
£266K12/222.84 mi17, St Michaels Road, Stratton, Bude, Cornwall EX23 9AE2
£360K10/222.85 mi12, Pathfields, Bude, Cornwall EX23 8DW2
£235K07/222.88 mi9, Berkeley Close, Stratton, Bude, Cornwall EX23 9BE2
£213.8K05/222.92 mi8, Church Mews, Week St Mary, Holsworthy, Cornwall EX22 6XH2
£190K09/212.92 mi5, Church Mews, Week St Mary, Holsworthy, Cornwall EX22 6XH2
£199K05/212.92 mi3, Church Mews, Week St Mary, Holsworthy, Cornwall EX22 6XH2
£160K03/212.92 mi6, Church Mews, Week St Mary, Holsworthy, Cornwall EX22 6XH2
£107.5K06/212.95 mi2, Clifton Cottages, Week St Mary, Holsworthy, Cornwall EX22 6UH2

Local Rents

9 rents from £650/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05005/240 miBude, Cornwall3
£90011/240.04 mi-2
£99502/241.31 mi-3
£1,05012/241.31 mi-3
£1,05002/251.31 mi-3
£65004/241.35 miMarhamchurch, Bude1
£1,45003/241.53 miPoundstock, Bude5
£1,30004/241.73 miBude, Cornwall3
£1,10003/242.39 miBede Haven Close, Bude, Cornwall, EX233

Local Area Statistics

Population in EX23

15,617

Town centre distance

3.03 miles away

Nearest school

1.40 miles away

Nearest train station

23.35 miles away

 

 

Rental growth (12m)

+6%

Sales demand

Buyer's market

Capital growth (5yrs)

+37%

Property History

Price changed to £170,000

March 24, 2025

Listed for £180,000

March 1, 2025

Floor Plans

Description

  • FOR SALE BY MODERN AUCTION – T & C’S APPLY +
  • SUBJECT TO RESERVE PRICE +
  • BUYERS FEES APPLY +
  • THE MODERN METHOD OF AUCTION +
  • 2 BEDROOM (2 EN-SUITE) +
  • NO ONWARD CHAIN +
  • 2 OFF ROAD PARKING SPACES +
  • GARDENS WITH VIEWS +
  • WELL PRESENTED THROUGHOUT +

Situated in a tucked-away location within this mixed-use development, this well presented end of terrace property offers 2 double bedrooms with 2 en-suites with 2 off road parking spaces (one having an electric charging point) and gardens. Benefiting from Daikin Air Source Heating and hot water system installed in 2022. This residence would be well suited as a first home whilst equally appealing as a second home/investment property. EPC C. Council Tax Band TBA.

The property enjoys a most fantastic location within a short drive to the sandy bathing beach of Widemouth Bay. Widemouth Bay is set amidst the rugged North Cornish coastline famed for its many nearby areas of outstanding natural beauty and popular bathing beaches providing a whole host of water sports and leisure activities together with its many breathtaking cliff top coastal walks etc. The popular coastal town of Bude is some 2 miles and offers a comprehensive range of shopping, schooling and recreational facilities together with its 18 hole links golf course and fully equipped leisure centre. The bustling Market town of Holsworthy lies some 10 miles inland whilst the Port and Market town of Bideford is some 30 miles in a north-easterly direction providing convenient access to the A39 North Devon link road which connects in turn to Barnstaple, Tiverton and the M5 motorway.

Directions
From Bude town centre proceed along The Strand, turn right at the mini roundabout following the coastal route out of the town signposted Widemouth Bay, continue up the hill for approximately 3 miles and across the cliff tops dropping down into the heart of Widemouth Bay. In the centre of Widemouth Bay with the beach on the right hand side, turn left into Leverlake road, follow along this road until reaching a left hand turn sign posted Kennacott Court. Following the lane to the right and then going straight. The parking bays for Cherry Tree Cottage will be found on the left hand side.

Agent Details

Bond Oxborough Phillips, Bude

01288 355066

Next Steps?

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