2 Bed Terraced House, Refurb/BRRR, Bodmin, PL31 2DT, £149,000

10 Castle Street, Bodmin, Cornwall, PL31, PL31 2DT - 23 days ago

Refurb/BRRR
ROI: 3%
67 m²
+9 photos

ValuationOvervalued

Sold Prices£71.6K - £300K
Sold Prices/m²£1.2K/m² - £4.3K/m²

 

 

Square Metres

67 m²
Price/m²£2.2K/m²

Value Estimate

£131,750

 

 

End Value (After Refurb)

£130,728

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,250

Stamp Duty & Legal Fees

£8,650

Refurb Costs

£29,027

Bridging Loan Interest

£3,911

Total Cash In

£80,589

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£130,728

Mortgage (After Refinance)

£98,046

Mortgage LTV

75%

Cash Left In

£80,589

Equity

£32,682

Rent Range

£595 - £1,000

Rent Estimate

£780

Running Costs/mo

£585

Cashflow/mo

£195

Cashflow/yr

£2,346

ROI

3%

Gross Yield

6%

Local Sold Prices

47 sold prices from £71.6K to £300K, average is £164K. £1.2K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£300K07/210.08 miHillside, Castle Street, Bodmin, Cornwall PL31 2DX2
£125K03/210.21 mi27, Furze Hill, Bodmin, Cornwall PL31 2ES2
£240K04/210.26 mi41, Boxwell Park, Bodmin, Cornwall PL31 2BE2
£157.5K12/200.26 mi32, Meadow Place, Bodmin, Cornwall PL31 1JD2
£120K05/210.28 mi35, Carpenter Court, Bodmin, Cornwall PL31 2ET2
£170K12/220.3 mi8, Berrycoombe Road, Bodmin, Cornwall PL31 2NS2
£112K11/200.31 mi4, Beacon Hill, Bodmin, Cornwall PL31 1JA2
£106K11/200.32 mi6, Brownlow Place, Bodmin, Cornwall PL31 2NP2
£155K09/210.33 mi5, Ranelagh Mews, Bodmin, Cornwall PL31 2QA2
£142K07/210.33 mi1, Ranelagh Mews, Bodmin, Cornwall PL31 2QA2
£158K10/210.36 mi22, Finn V C Estate, Bodmin, Cornwall PL31 2LU2
£165K08/220.39 mi47, Lower Bore Street, Bodmin, Cornwall PL31 2JU2
£124K12/200.4 mi8, Agar Terrace, Bodmin, Cornwall PL31 2LZ2
£200K01/210.41 mi30, Kernow Close, Bodmin, Cornwall PL31 2BX2
£225K11/200.42 mi26, Athelstan Park, Bodmin, Cornwall PL31 1DS2
£247.5K01/210.44 mi1, Bosvenna View, Bodmin, Cornwall PL31 1AU2
£150K07/230.44 mi3, Castle Canyke Road, Bodmin, Cornwall PL31 1DU2
£164K03/210.45 mi22, Elizabeth Close, Bodmin, Cornwall PL31 1HY2
£155K08/210.45 mi27, Windsor Grove, Bodmin, Cornwall PL31 2BP2
£196K01/230.45 mi18, Windsor Grove, Bodmin, Cornwall PL31 2BP2
£269.9K05/210.48 mi2, Lucas Close, Bodmin, Cornwall PL31 1BB2
£242.2K11/200.48 mi5, Lucas Close, Bodmin, Cornwall PL31 1BB2
£189K12/200.5 mi8, Wingfield, Bodmin, Cornwall PL31 2EZ2
£189K12/200.5 mi8, Wingfield, Bodmin, Cornwall PL31 2EZ2
£95K12/200.5 mi26, Higher Bore Street, Bodmin, Cornwall PL31 1JW2
£157.5K07/230.5 mi76, Higher Bore Street, Bodmin, Cornwall PL31 1JW2
£117K10/220.5 mi16, Higher Bore Street, Bodmin, Cornwall PL31 1JW2
£113K12/200.52 mi93, Hillside Park, Bodmin, Cornwall PL31 2NE2
£178K08/230.52 mi11, Torwood Close, Bodmin, Cornwall PL31 1ND2
£152.5K07/210.62 mi11, Royffe Way, Bodmin, Cornwall PL31 1GA2
£71.6K10/200.63 mi24, St Leonards, Bodmin, Cornwall PL31 1LA2
£187K02/230.64 mi16, Royffe Way, Bodmin, Cornwall PL31 1GA2
£147.5K08/210.64 mi17, Royffe Way, Bodmin, Cornwall PL31 1GA2
£150K11/200.64 mi15, Royffe Way, Bodmin, Cornwall PL31 1GA2
£180K10/220.66 mi32, Flamank Park, Bodmin, Cornwall PL31 1LX2
£212K12/220.67 miRose Cottage, Victoria Square, Bodmin, Cornwall PL31 1EB2
£155K01/210.68 mi9, Town End, Bodmin, Cornwall PL31 1LJ2
£130K11/220.74 mi64, Burden Close, Bodmin, Cornwall PL31 1NY2
£182.5K05/230.75 mi11, St Marys Road, Bodmin, Cornwall PL31 1NF2
£180K05/230.75 mi5, St Marys Road, Bodmin, Cornwall PL31 1NF2
£140K04/210.82 mi4, College Green, Bodmin, Cornwall PL31 1EA2
£170K11/220.86 mi56, Midway Road, Bodmin, Cornwall PL31 2PU2
£100K11/200.87 mi76, Midway Road, Bodmin, Cornwall PL31 2PX2
£190K02/230.92 mi8, Queens Crescent, Bodmin, Cornwall PL31 1QN2
£190.1K03/230.95 mi16, Tryelyn, Bodmin, Cornwall PL31 1GD2
£175K06/230.96 mi15, Cherry Tree Close, Bodmin, Cornwall PL31 1QF2
£250K01/210.97 mi1, Browning Drive, Bodmin, Cornwall PL31 1PW2

Local Rents

19 rents from £595/mo to £1K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£65006/240.06 miThe Piazza, Bodmin, Cornwall, PL312
£67506/240.06 mi23 Castle Hill Court, Bodmin, PL31 2LE2
£70012/240.13 mi-2
£82506/240.14 miBodmin2
£59506/240.17 mi5a St Nicholas Street, Bodmin2
£69512/240.38 mi-2
£72509/240.38 mi-2
£72510/240.38 mi-2
£85006/240.59 mi-2
£90012/240.63 mi-2
£89503/250.63 mi-2
£92503/250.63 mi-2
£62506/240.63 mi73 Royffe Way Bodmin, PL31 1GA2
£80001/250.65 mi-2
£69506/240.66 miFlat 2 2 Beaconsfield Terrace, Bodmin2
£59506/240.68 miTown End, Bodmin, Cornwall, PL312
£1,00006/240.69 miHighfield Park, Bodmin, PL312
£1,00006/240.69 miHighfield Park, Bodmin, PL312
£95006/240.69 mi14 Halgavor Road, Bodmin2

Local Area Statistics

Population in PL31

14,568

Population in Bodmin

24,877

Town centre distance

0.30 miles away

Nearest school

0.30 miles away

Nearest train station

2.99 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £149,000

March 7, 2025

Description

  • Two Bedroom Cottage +
  • Kitchen +
  • Lounge +
  • Garden +
  • Close to Local Amenities +
  • Great Letting Potential +
  • Character Cottage +
  • Gas Central Heating +
  • Covered Rear Courtyard +

Nestled in the heart of Bodmin, this delightful double-fronted, two-bedroom mid-terrace cottage offers a fantastic opportunity for those looking to put their own stamp on a property. Situated on charming Castle Street, this home offers a prime location with convenient access to local amenities.
The property features a spacious and welcoming lounge at the front, providing a cosy space for relaxing. Leading from the lounge is a perfect space for a dining area. At the rear, the kitchen offers a practical space with access to the courtyard and garden. While the kitchen and living spaces offer great potential, the property would benefit from some modernisation to unlock its full charm and functionality.
Upstairs, there are two generously-sized bedrooms, both with built in storage. The family bathroom is well-appointed but would also benefit from modernising to suit contemporary needs.
The property boasts a private garden, benefitting from the morning sun, as well as a covered courtyard area.
This charming cottage offers great potential for anyone seeking a home in a central location that they can update and personalise. With some modernisation, this property could be transformed into a wonderful home, and an early viewing is highly recommended.

Agent Details

The Property Shop, Bodmin

01208 223223

Next Steps?

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