# 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 | | Construction age | England and Wales: 1950-1966 | | Floor area | 71 m² | | Last sold | £375,000 Mar 2025 | ## EPC Rating & Upgrade Cost - **Current rating:** D - **Potential rating:** B - **Expiry date:** 19/03/2034 - **Current heating cost:** £1,019/year - **Est. upgrade cost to C:** £15,920 ### Recommendations - B (£500 - £1,500) - W2 (£4,000 - £6,000) - E (£20) - G (£350 - £450) - N (£4,000 - £6,000) - U (£3,500 - £5,500) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/7434-8127-6300-0640-6222) ## 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. ## 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).* ## Price per Square Metre - **£/m²:** £5,352/m² ## 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)