Sold STC Bungalow

11 MELLIARS WAY

BUDE, CORNWALL EX23 8HB

3 beds 2 baths 71 m² Listed 27 Mar 2024 (-822d)

£380,000

Reduced on 3 Dec 2024

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# 3 bedroom bungalow for sale (EX23 8HB)

## Property Details

| Key | Value |
|-----|-------|
| Address | 11 MELLIARS WAY, BUDE, CORNWALL EX23 8HB |
| Price | £380,000 |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Council tax | D |
| Last sold | £375,000 Mar 2025 |

## Description

Melliars Way is situated close to the Golf Course and is within easy reach of the town centre with its extensive range of shopping, schooling, banking and recreational facilities.  Bude itself lies 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 watersports and leisure activities together with many nearby cliff top coastal walks etc. The bustling market town of Holsworthy is some 10 miles inland whilst the port and market town of Bideford is some 28 miles in a north easterly direction providing a convenient link to the A39 which connects in turn to Barnstaple, Tiverton and the M5 motorway.

**Directions**

From Bude town centre, proceed out of the town along Golf House Road towards Poughill, and turn right at Flexbury Church keeping the golf course on the right hand side.  Take the second right hand turning into East Fairholme Road and continue towards the end of the road whereupon Melliars Way will be found straight ahead and number 11 will be found at the end of the cul de sac.

## Property Photos

- ![Front](/listings/photos/146224949/746337) - Front
- ![Kitchen](/listings/photos/146224949/746338) - Kitchen
- ![Living Room](/listings/photos/146224949/746339) - Living Room
- ![Sun Room](/listings/photos/146224949/746340) - Sun Room
- ![Entrance Hall](/listings/photos/146224949/746341) - Entrance Hall
- ![Bedroom 1](/listings/photos/146224949/746342) - Bedroom 1
- ![Ensuite](/listings/photos/146224949/746343) - Ensuite
- ![Bedroom 2](/listings/photos/146224949/746344) - Bedroom 2
- ![Bedroom 3](/listings/photos/146224949/746345) - Bedroom 3
- ![Bethroom](/listings/photos/146224949/746346) - Bethroom
- ![Patio Area](/listings/photos/146224949/746347) - Patio Area
- ![Garden](/listings/photos/146224949/746348) - Garden
- ![Garden Alt](/listings/photos/146224949/746349) - Garden Alt
- ![Vegetable Garden](/listings/photos/146224949/746350) - Vegetable Garden
- ![Garage](/listings/photos/146224949/746351) - Garage

## Floorplans

- ![Floorplan](/listings/photos/146224949/746352) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/146224949/746353) - EPC Rating Graph

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 11 MELLIARS WAY, BUDE, CORNWALL, EX23 8HB | £375,000 | 24/03/2025 | Detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 13 WILLIAM EDWARDS CLOSE, BUDE, CORNWALL, EX23 8JE | £650,000 | 12/12/2025 | Detached |
| 44 EAST FAIRHOLME ROAD, BUDE, CORNWALL, EX23 8HU | £345,000 | 20/12/2023 | Detached |
| 11 MEADOW DRIVE, BUDE, CORNWALL, EX23 8HZ | £350,000 | 25/08/2023 | Detached |
| BRAMLEY HOUSE WILLIAM EDWARDS CLOSE, BUDE, CORNWALL, EX23 8JE | £625,000 | 01/11/2022 | Detached |
| 27 FOSTERS WAY, BUDE, CORNWALL, EX23 8HF | £490,000 | 31/08/2022 | Detached |
| 12 MELLIARS WAY, BUDE, CORNWALL, EX23 8HB | £385,000 | 10/12/2021 | Detached |
| 20 FOSTERS WAY, BUDE, CORNWALL, EX23 8HF | £290,000 | 19/07/2021 | Detached |

**Area average:** £447,857 (7 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £460,559 (32 Detached, EX23, 2024–2026)
- **Deviation:** -17.5%

## Rental Range

*ONS Price Index of Private Rents (Cornwall). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £903/mo
- **Realistic:** £1,003/mo
- **Optimistic:** £1,103/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed Terraced House, Ward Close, EX23 | £975/mo | 3 | 0.85 miles | OpenRent |

**Average rent: £975/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.26% (weak for cashflow)
- **Max investor price (0.8%):** £121,875
- **Target investor price (1%):** £97,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £975/mo).*

- **Gross yield:** 3.1%
- **Cost-to-rent:** 32.5×
- **Monthly cashflow:** £-644/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -7%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -3.9%
- **10y growth:** 0.6%

## House Price Index (HM Land Registry)

*Official index for Cornwall; Detached series; as of March 2026.*

- **1y growth (index):** -1.9%
- **5y growth (index):** 9.9%
- **10y growth (index):** 34.6%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Front Kitchen Living Room Sun Room Entrance Hall Bedroom 1 Ensuite Bedroom 2 Bedroom 3 Bethroom Patio Area Garden Garden Alt Vegetable Garden Garage

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Property details

Tenure

FREEHOLD

Floor area

71 m²

Council tax band

Last sold

£375,000 Mar 2025

Local average

£460,559 (-17.5%)

Deprivation

Decile 7 (20,275 of 33,755)

Street crime

49 incidents within 1 mile (Apr 2026)

Key features

3 BEDROOMS
1 EN SUITE
DETACHED BUNGALOW
SOUGHT AFTER LOCATION
WALKING DISTANCE OF TOWN AND BEACHES
REQUIRING SOME MODERNISATION
OFF ROAD PARKING
ENCLOSED REAR AND SIDE GARDENS
INTERNAL VIEWING HIGHLY RECOMMENDED
EPC RATING E

Additional details

Parking: Yes
Garden: Yes

Description

*Available with no onward chain* An opportunity to acquire this deceptively spacious 3 bedroom (1 en suite) detached bungalow occupying a corner plot in this highly sought after residential cul de sac location, being within walking distance to the town centre and popular local beaches. Driveway with off road parking, garage and pleasant enclosed rear gardens with useful side garden currently used as a vegetable gardening area. Council Tax Band D. EPC E.

Melliars Way is situated close to the Golf Course and is within easy reach of the town centre with its extensive range of shopping, schooling, banking and recreational facilities. Bude itself lies 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 watersports and leisure activities together with many nearby cliff top coastal walks etc. The bustling market town of Holsworthy is some 10 miles inland whilst the port and market town of Bideford is some 28 miles in a north easterly direction providing a convenient link to the A39 which connects in turn to Barnstaple, Tiverton and the M5 motorway.

Directions
From Bude town centre, proceed out of the town along Golf House Road towards Poughill, and turn right at Flexbury Church keeping the golf course on the right hand side. Take the second right hand turning into East Fairholme Road and continue towards the end of the road whereupon Melliars Way will be found straight ahead and number 11 will be found at the end of the cul de sac.

Listed by

Bude

Bond Oxborough Phillips

Reference: 146224949

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

EPC Graphs

EPC Rating Graph

Price history

Event	Date	Price	% change
Sold	24/03/2025 (1 year ago)	£375,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
13 WILLIAM EDWARDS CLOSE, BUDE, CORNWALL, EX23 8JE	£650,000	12/12/2025	Detached
44 EAST FAIRHOLME ROAD, BUDE, CORNWALL, EX23 8HU	£345,000	20/12/2023	Detached
11 MEADOW DRIVE, BUDE, CORNWALL, EX23 8HZ	£350,000	25/08/2023	Detached
BRAMLEY HOUSE WILLIAM EDWARDS CLOSE, BUDE, CORNWALL, EX23 8JE	£625,000	01/11/2022	Detached
27 FOSTERS WAY, BUDE, CORNWALL, EX23 8HF	£490,000	31/08/2022	Detached
12 MELLIARS WAY, BUDE, CORNWALL, EX23 8HB	£385,000	10/12/2021	Detached
20 FOSTERS WAY, BUDE, CORNWALL, EX23 8HF	£290,000	19/07/2021	Detached

Area average: £447,857 (7 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -3.9%

10y growth 0.6%

House Price Index (HM Land Registry — official index, not sold-price averages): Cornwall. Series: Detached. As of March 2026.

1y (index) -1.9%

5y (index) 9.9%

10y (index) 34.6%

Rental Range

Estimated market rent for Cornwall. Low = conservative, Realistic = average, Optimistic = best case.

Low £903/mo

Realistic £1,003/mo

Optimistic £1,103/mo

Based on Local Authority from postcode lookup → Cornwall.

Location

Map view View on Google Maps View on OpenStreetMap Street View EX23 8HB

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Fosters Way	0.1 miles
Bus stop	West Fairholme Road	0.3 miles
Shop	Unknown	0.5 miles
Shop	Ride it cycles	0.5 miles
Hospital	Stratton Hospital	0.7 miles

Street-level crime

Category	Count
Violence and sexual offences	26
Anti-social behaviour	5
Shoplifting	5
Burglary	4
Criminal damage and arson	4
Other theft	2
Public order	2
Other crime	1
Total incidents	49

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Bude Primary Academy - Juniors	Primary	0.3 miles	Requires improvement — 28 Nov 2022
Bude Primary Academy - Infants	Primary	0.4 miles	Requires improvement — 9 Nov 2022
Stratton Primary School	Primary	0.5 miles	Good — 25 Apr 2019
Budehaven Community School	Secondary	0.6 miles	Good — 20 May 2024
Marhamchurch CofE Academy	Primary	2.0 miles	Requires improvement — 25 Mar 2024

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
3 Bed Terraced House, Ward Close, EX23	£975/mo	3	0.85 miles	OpenRent

Average rent: £975/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.26%

Max investor price (0.8%) £121,875

Target investor price (1%) £97,500

Gross yield 3.1%

Cost-to-rent ratio 32.5×

Monthly cashflow £-644/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -7%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).