4 Bed Detached House, Cash/Bridging Only, Taunton, TA1 3YD, £485,000

Kingsway, Taunton, Somerset, TA1 3YD - 1 views - 2 years ago

Cash
~129 m²
+20 photos

ValuationOvervalued

Sold Prices£265K - £695K
Sold Prices/m²£2K/m² - £4.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.8K/m²

Value Estimate

£378,846

 

 

End Value (After Refurb)

£430,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£121,250

Stamp Duty & Legal Fees

£37,200

Refurb Costs

£52,565

Bridging Loan Interest

£12,731

Total Cash In

£225,496

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£430,000

Mortgage (After Refinance)

£322,500

Mortgage LTV

75%

Cash Left In

£225,496

Equity

£107,500

Rent Range

£1,200 - £1,950

Rent Estimate

£1,486

Running Costs/mo

£1,661

Cashflow/mo

£-175

Cashflow/yr

£-2,099

Gross Yield

4%

Local Sold Prices

48 sold prices from £265K to £695K, average is £389.5K. £2K/m² to £4.9K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£430K06/210 mi25, Kingsway, Taunton, Somerset TA1 3YD4
£360K06/210 mi24, Kingsway, Taunton, Somerset TA1 3YD4
£426K10/230.09 mi26, Killams Crescent, Taunton, Somerset TA1 3YB4
£590K09/210.18 mi59, Mountfields Avenue, Taunton, Somerset TA1 3BW4
£330K12/220.21 mi50, Bilberry Grove, Taunton, Somerset TA1 3XN4
£315K02/210.23 mi25, Shoreditch Road, Taunton, Somerset TA1 3BU4
£315K09/210.23 mi88, Bilberry Grove, Taunton, Somerset TA1 3XN4
£545K05/230.23 mi14, Shoreditch Road, Taunton, Somerset TA1 3BU4
£450K03/210.23 mi3, Killams Close, Taunton, Somerset TA1 3LD4
£560K01/230.26 mi43, Killams Green, Taunton, Somerset TA1 3YQ4
£555K08/230.26 mi53, Killams Green, Taunton, Somerset TA1 3YQ4
£502.5K03/230.26 mi9, Killams Green, Taunton, Somerset TA1 3YQ4
£395K10/230.26 mi56, Mountfields Road, Taunton, Somerset TA1 3BJ4
£285K12/200.28 mi12, Celandine Mead, Taunton, Somerset TA1 3XF4
£385K06/210.29 mi6, Harp Chase, Taunton, Somerset TA1 3RY4
£412K02/230.3 mi21, Harp Chase, Taunton, Somerset TA1 3RY4
£467.5K12/220.31 mi33, Calway Road, Taunton, Somerset TA1 3EG4
£370K04/230.32 mi8, Celandine Mead, Taunton, Somerset TA1 3XF4
£360K09/210.32 mi10, Mountfields Road, Taunton, Somerset TA1 3BQ4
£272.5K11/230.33 mi2, Larkspur Close, Taunton, Somerset TA1 3XA4
£415K12/200.35 mi4, Calway Road, Taunton, Somerset TA1 3EQ4
£320K08/210.36 mi8, Sundew Close, Taunton, Somerset TA1 3XH4
£367K04/210.36 mi3, Sundew Close, Taunton, Somerset TA1 3XH4
£265K12/200.38 mi40, Woodrush Close, Taunton, Somerset TA1 3XB4
£285K06/230.4 mi23, Campion Drive, Taunton, Somerset TA1 3XE4
£394K08/230.4 mi12, Campion Drive, Taunton, Somerset TA1 3XE4
£328K12/200.4 mi14, Campion Drive, Taunton, Somerset TA1 3XE4
£323K03/210.41 mi24, Bluebell Close, Taunton, Somerset TA1 3XQ4
£385K09/230.41 mi14, Bluebell Close, Taunton, Somerset TA1 3XQ4
£385K05/230.41 mi5, Dowsland Way, Taunton, Somerset TA1 3XG4
£380K12/200.45 mi84, Stoke Road, Taunton, Somerset TA1 3EL4
£695K03/210.45 mi113, South Road, Taunton, Somerset TA1 3EA4
£415K09/230.58 mi17, Fields End, Taunton, Somerset TA1 2LU4
£410K03/210.58 mi31, Fields End, Taunton, Somerset TA1 2LU4
£348K03/210.58 mi37, Fields End, Taunton, Somerset TA1 2LU4
£480K11/230.63 mi58, Dunkleys Way, Taunton, Somerset TA1 2LX4
£570K06/230.77 mi45, South Road, Taunton, Somerset TA1 3DU4
£400K11/200.77 mi57, South Road, Taunton, Somerset TA1 3DU4
£390K04/210.77 mi53, South Road, Taunton, Somerset TA1 3DU4
£467K01/230.78 miMeade Cottage, Holway Green, Taunton, Somerset TA1 2YJ4
£450K10/230.79 mi63, St Josephs Field, Taunton, Somerset TA1 3TF4
£367.5K08/230.85 mi114, South Street, Taunton, Somerset TA1 3AG4
£290K06/210.85 mi169, South Street, Taunton, Somerset TA1 3AG4
£330K08/230.85 mi106, South Street, Taunton, Somerset TA1 3AG4
£370K02/240.88 mi11, Mount Street, Taunton, Somerset TA1 3QB4
£399.9K02/230.92 mi1, St Georges Square, Taunton, Somerset TA1 3RX4
£389K11/230.92 mi11, St Georges Square, Taunton, Somerset TA1 3RX4
£475K11/210.98 mi44, Middleway, Taunton, Somerset TA1 3QJ4

Local Rents

17 rents from £1.2K/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.14 mi-3
£1,20009/240.18 miBilberry Grove, Taunton, TA13
£1,30011/240.34 mi-3
£1,90009/240.6 miDunkleys Way, Hillyfields , Taunton TA1 2LX4
£1,95009/240.71 miKings Square, TAUNTON4
£1,75009/240.82 miPikes Crescent, Taunton, TA13
£1,32509/240.85 miPoplar Road, Taunton TA13
£1,40010/240.86 mi-3
£1,47504/250.86 mi-3
£1,25005/240.93 mi-3
£1,20009/240.93 miParmin Way, TA1 3
£1,40008/240.98 mi-3
£1,40009/240.98 mi-3
£1,25009/241.05 miAshbourne Crescent, Taunton3
£1,95001/251.05 mi-3
£1,20009/241.07 miAshbourne Crescent, Taunton3
£1,90011/241.12 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.04 miles away

Nearest school

0.40 miles away

Nearest train station

1.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £485,000

March 18, 2023

Floor Plans

Description

  • Four Bedrooms +
  • Beautifully Presented +
  • Double Garage +
  • Landscaped Garden +
  • uPVC Double Glazed +
  • Gas Central Heating +
  • Quiet Cul-De-Sac Position +
  • Popular Residential Development +

Situated in a peaceful cul-de-sac position within the sought after Killams development to the South of Taunton, is this beautifully presented and upgraded four bedroom executive detached family home.

The property, which benefits from uPVC double glazing and mains gas fired central heating, offers spacious accommodation arranged over two floors.

Internally, a front door leads into wide entrance hall with cloakroom off. There is a good size, light and airy living room with double sliding doors leading to a separate dining room and patio doors leading out to the garden.

The kitchen has been completely refitted with a range of stylish matching wall and base units, work surfaces and upstands with space for range oven with extractor hood above along with a wall mounted gas boiler. There is space for a breakfast table and an opening through to a handy utility area with space for a tumble dryer machine and access to the garden. A useful study completes the ground floor.

To the first floor are four bedrooms (bedrooms one and two with fitted wardrobes and bedroom one also benefitting from a well appointed and completely refitted en-suite). A stylish refitted family bathroom completes the accommodation.

Externally, the property is set in a beautifully maintained and fully enclosed garden. There is a combination of brick wall and timber fencing. The garden has been creatively landscaped and enjoys a pleasant Westerly aspect. An area of sandstone patio adjoins the rear of the property with shaped lawn and mature borders. The patio extends around the side of the property to an enclosed courtyard with gated side access.

The front is approached by a double width tarmac driveway leading to a detached double garage with two up-and-over doors. The front garden has been laid to decorative slate chippings for ease of maintenance.

MEASUREMENTS
GROUND FLOOR:
ENTRANCE HALLWAY,
CLOAKROOM: 3'7" x 2'8" (1.09m x 0.81m),
STUDY 10'5" x 7'4" (3.17m x 2.23m),
KITCHEN: 16'11" x 8'4" (5.15m x 2.54m),
UTILITY ROOM: 10'5" x 5'1" (3.17m x 1.54m),
LIVING ROOM: 15'8" x 13'1" (4.77m x 3.98m),
DINING ROOM: 10'3" x 8'4" (3.12m x 2.54m)
FIRST FLOOR:
LANDING,
BEDROOM ONE: 10'1" x 9'7" (3.07m x 2.92m),
EN-SUITE SHOWER ROOM: 5'5" x 4'9" (1.65m x 1.44m),
BEDROOM TWO: 9'7" x 9'7" (2.92m x 2.92m),
BEDROOM THREE: 11'4" x 8'3" (3.45m x 2.51m),
BEDROOM FOUR: 9'0" x 7'0" (2.74m x 2.13m),
BATHROOM: 6'8" x 6'6" (2.03m x 1.98m)

GENERAL REMARKS AND STIPULATION
Tenure: The property is offered for sale freehold by private treaty with vacant possession on completion.
Services: Mains water with meter, mains electricity, mains drainage, gas fired central heating.
Local Authority: Somerset West and Taunton Council, Deane House, Belvedere Road, Taunton, Somerset, TA1 1HE.
Property Location: w3w.co/treatment.things.secures
Council Tax Band: E
EPC: C

IMPORTANT NOTICE Wilkie May & Tuckwood for themselves and for the vendors of the property, whose agents they are, give notice that: 1. the particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchaser and do not constitute part of an offer or contract. Prospective purchasers and lessees ought to seek their own professional advice. 2. All descriptions, dimensions, areas, reference to condition and necessary permissions for use and occupation and other details are given in good faith, and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of Wilkie May & Tuckwood has any authority to make or give any representations or warranty
whatever in relation to this property on behalf of Wilkie May & Tuckwood, nor enter into any contract on behalf of the vendor. 4. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties which have been sold, let or withdrawn. Photographs taken and details prepared November 2022. MEASUREMENTS AND OTHER INFORMATION All measurements are approximate. While we endeavour to make our sales particular accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information with you.
Code of Practice for Residential Estate Agents: Effective from 1 August 2011:
'8. Financial Evaluation 8a At the time that an offer has been made and is being considered by the seller, you must take reasonable steps to find out from the prospective buyer the source and availability of his funds for buying the property and pass this information to the seller. Such information will include whether the prospective buyer needs to sell a property, requires a mortgage, claims to be a cash buyer or any combination of these. Such relevant information that is available should be included in the Memorandum of Sale having regard to the provisions of the Data Protection Act.8b These reasonable steps must continue after acceptance of the offer until exchange of contracts (in Scotland, conclusion of missives) and must include regular monitoring of the prospective buyer's progress in achieving the funds required, and reporting such progress to the seller.
THE PROPERTY MISDESCRIPTIONS ACT 1991 The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for their purpose. A Buyer is advised to obtain verification from their solicitor or surveyor. References to the Tenure of the Property are based on information supplied by the Seller. The agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

Agent Details

Wilkie May & Tuckwood, Taunton

01823 212604

Next Steps?

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