2 Bed Flat, Single Let, Bodmin, PL31 1LP, £80,000

Barn Lane, Bodmin, Cornwall, PL31 1LP - 1 views - 17 days ago

Leasehold
Auction
BTL
ROI: 11%
~68 m²
+12 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£100,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£595 - £925

Rent Estimate

£629

Running Costs/mo

£396

Cashflow/mo

£233

Cashflow/yr

£2,798

ROI

11%

Gross Yield

9%

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.

PriceDateDistanceAddressBeds 
£130K07/230.17 mi2, Hillside Court, Bodmin, Cornwall PL31 2LF2
£96K05/210.17 mi6, Hillside Court, Bodmin, Cornwall PL31 2LF2
£105K06/210.17 mi4, Hillside Court, Bodmin, Cornwall PL31 2LF2
£137K11/210.2 miFlat 8, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ2
£170K04/220.2 miFlat 7, Convent Of Mercy, St Marys Road, Bodmin, Cornwall PL31 1RJ2
£230K02/210.25 mi32, Tanwood View, Bodmin, Cornwall PL31 2PN2
£85K09/230.26 miFlat 4, Gregorys Court, Robartes Road, Bodmin, Cornwall PL31 1HW2
£120K08/230.33 mi11, Berrycoombe Vale, Bodmin, Cornwall PL31 2PH2
£120K06/220.36 mi73a, Fore Street, Bodmin, Cornwall PL31 2JB2
£74.2K02/210.47 miFirst Floor Flat, 2, Crinnicks Hill, Bodmin, Cornwall PL31 1AL2
£135K01/210.48 mi14a, Fore Street, Bodmin, Cornwall PL31 2HQ2
£90K03/210.53 mi17, The Piazza, Bodmin, Cornwall PL31 2DR2
£98.5K01/210.53 mi8, The Piazza, Bodmin, Cornwall PL31 2DR2
£107.5K06/220.53 mi9, The Piazza, Bodmin, Cornwall PL31 2DR2
£286K06/210.54 mi2, Westheath Road, Bodmin, Cornwall PL31 1QQ2
£207K03/220.8 mi2, Berry Towers, Bodmin, Cornwall PL31 2EE2
£130K04/220.88 mi41, Royffe Way, Bodmin, Cornwall PL31 1GA2
£197.5K04/220.9 mi18, Royffe Way, Bodmin, Cornwall PL31 1GA2
£112K04/230.9 mi44, Royffe Way, Bodmin, Cornwall PL31 1GA2
£97.5K08/220.9 mi40, Royffe Way, Bodmin, Cornwall PL31 1GA2

Local Rents

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

RentDateDistanceAddressBeds 
£90012/240.03 mi-2
£69506/240.12 miFlat 2 2 Beaconsfield Terrace, Bodmin2
£89503/250.13 mi-2
£92503/250.13 mi-2
£80001/250.13 mi-2
£59506/240.15 miTown End, Bodmin, Cornwall, PL312
£69512/240.26 mi-2
£72509/240.26 mi-2
£72510/240.26 mi-2
£85006/240.4 mi-2
£70012/240.48 mi-2
£82506/240.5 miBodmin2
£59506/240.51 mi5a St Nicholas Street, Bodmin2
£65006/240.55 miThe Piazza, Bodmin, Cornwall, PL312

Local Area Statistics

Population in PL31

14,568

Population in Bodmin

24,877

Town centre distance

0.40 miles away

Nearest train station

3.39 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £80,000

March 18, 2025

Floor Plans

Description

An excellent opportunity to purchase a ground floor apartment located in the heart of Bodmin, close to local amenities and situated in the catchment area of multiple Ofsted Good and above rated Schools.

The well-proportioned accommodation comprises: entrance lobby, open plan living room and fitted kitchen, 2 double bedrooms and a bathroom. This property includes one allocated parking space, and requires little refurbishment.

The property is considered ideal as a first time purchase, or to investors as a rental property. A viewing appointment is highly recommended and can easily be arranged.

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the Partner Agent will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.

Agent Details

Stratton Creber, Bodmin

01208 228708

Next Steps?

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