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Market House, Maiden Street, Stratton

South West

£100,000
Listed on 25/03/2025

Property Details

Bedrooms
1
Type
Flat
Area
538 sqft

Description

This one-bedroom apartment, situated on the first floor, offers a unique opportunity in the charming village of Stratton. While the property requires modernisation throughout, it holds significant potential for renovation, making it an ideal prospect for first-time buyers or investors looking to add value. The layout includes a kitchen, living room, bedroom, and bathroom, providing a functional space that can be tailored to your preferences. The property is being sold with no onward chain, allowing for a straightforward purchasing process. Stratton is known for its welcoming community and convenience. With local shops and amenities nearby, residents can enjoy all the essentials just a short distance from their doorstep. Additionally, its proximity to Bude enhances the appeal, offering beautiful beaches and outdoor activities that are perfect for those who appreciate nature and leisure. This apartment represents not only a home but also an investment opportunity in an attractive village setting with growth potential. Whether you aim to renovate for personal use or as a rental property, this location's desirability could provide favorable returns in the future.

Investment Analysis

(EX23 area)

Below Market Value

This property is priced -46.8% below area average per sq ft

-46.8%
Potential saving
This Property
£186/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.0%

Renovation Potential

Est. Renovation Cost
£10,000 - £25,000
10-25% of property value
Target Value
£206,597
10% above area average per sq ft
Potential ROI
+65.3%
After renovation
Monthly Sales
9
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX23)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 5.8%
5 year growth: 15.0%
Investment Disclaimer: Analysis based on EX23 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Market House, Maiden Street, Stratton
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