2 Bed Flat, Single Let, Taunton, TA1 1BW, £124,000

Belvedere Road, Taunton, TA1 1BW - 2 years ago

BTL

ROI: 7%

~54 m²

+2 photos

ValuationUndervalued

Sold Prices	£60K - £215.9K
Sold Prices/m²	£1.1K/m² - £3.6K/m²

Square Metres	~54.10 m²
Price/m²	£2.3K/m²
Value Estimate	£134,284£134,284
BMV	8%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,000£31,000
Stamp Duty & Legal Fees	£7,400£7,400
Total Cash In	£38,400£38,400

Cash Out
Rent Range	£650 - £1,700£650 - £1,700
Rent Estimate	£795
Running Costs/mo	£567£567
Cashflow/mo	£229£229
Cashflow/yr	£2,742£2,742
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

51 sold prices from £60K to £215.9K, average is £138K. £1.1K/m² to £3.6K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£140K	10/20	0.07 mi	Flat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL	-	-	2	Flat
£155K	03/23	0.07 mi	Flat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL	-	-	2	Flat
£124.6K	06/21	0.19 mi	17, Northfield Gardens, Taunton, Somerset TA1 1XN	-	-	2	Flat
£122.5K	08/21	0.2 mi	Flat 2, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX	-	-	2	Flat
£215.9K	01/23	0.2 mi	Flat 10, Elm Park, Elm Grove, Taunton, Somerset TA1 1EH	-	-	2	Flat
£60K	11/20	0.2 mi	2, Northfield Gardens, Taunton, Somerset TA1 1XN	£1,053	57	2	Flat
£125K	12/20	0.2 mi	23, Northfield Gardens, Taunton, Somerset TA1 1XN	£2,500	50	2	Flat
£138K	09/23	0.21 mi	Flat 42, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX	-	-	2	Flat
£122.5K	09/23	0.21 mi	Flat 27, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX	-	-	2	Flat
£128.5K	06/21	0.24 mi	3, Rupert Street, Taunton, Somerset TA2 6JT	£2,073	62	2	Flat
£138K	04/21	0.24 mi	1, Rupert Street, Taunton, Somerset TA2 6JT	£2,379	58	2	Flat
£138K	04/21	0.24 mi	1, Rupert Street, Taunton, Somerset TA2 6JT	£2,379	58	2	Flat
£136K	09/23	0.25 mi	Ground Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG	-	-	2	Flat
£120K	10/20	0.25 mi	Ground Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG	-	-	2	Flat
£175K	06/23	0.28 mi	Flat 7, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ	-	-	2	Flat
£176K	05/23	0.28 mi	Flat 28, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ	-	-	2	Flat
£165K	01/23	0.37 mi	2, The Octagon, Taunton, Somerset TA1 1RT	£3,056	54	2	Flat
£125K	09/22	0.37 mi	35b, Greenway Road, Taunton, Somerset TA2 6LA	£2,604	48	2	Flat
£150K	09/23	0.38 mi	9, The Octagon, Taunton, Somerset TA1 1RT	£2,586	58	2	Flat
£173K	12/23	0.39 mi	Flat 6, Chamberlain House, Richmond Road, Taunton, Somerset TA1 1EP	£3,149	55	2	Flat
£211K	11/23	0.42 mi	52, Geoffrey Farrant Walk, Taunton, Somerset TA1 1PU	£2,638	80	2	Flat
£172K	07/21	0.43 mi	4, Firepool View, Taunton, Somerset TA1 1PS	£2,730	63	2	Flat
£187K	01/23	0.43 mi	16, Firepool View, Taunton, Somerset TA1 1PS	£3,224	58	2	Flat
£159K	11/20	0.43 mi	36, Firepool View, Taunton, Somerset TA1 1PS	£2,304	69	2	Flat
£179K	02/21	0.43 mi	28, Firepool View, Taunton, Somerset TA1 1PS	£2,594	69	2	Flat
£110K	10/20	0.44 mi	45, Gladstone Street, Taunton, Somerset TA2 6LY	£1,528	72	2	Flat
£125K	09/21	0.44 mi	50, Gladstone Street, Taunton, Somerset TA2 6LY	£2,155	58	2	Flat
£133K	09/21	0.44 mi	38, Gladstone Street, Taunton, Somerset TA2 6LY	£2,218	60	2	Flat
£156.6K	01/23	0.44 mi	39, Gladstone Street, Taunton, Somerset TA2 6LY	£2,145	73	2	Flat
£122K	11/21	0.45 mi	Flat 28, Beech Court, Tower Street, Taunton, Somerset TA1 4BH	-	-	2	Flat
£90K	10/23	0.45 mi	Flat 7, Beech Court, Tower Street, Taunton, Somerset TA1 4BH	-	-	2	Flat
£100K	10/23	0.45 mi	Flat 44, Beech Court, Tower Street, Taunton, Somerset TA1 4BH	-	-	2	Flat
£95K	11/23	0.45 mi	Flat 43, Beech Court, Tower Street, Taunton, Somerset TA1 4BH	-	-	2	Flat
£137K	10/21	0.45 mi	27, Wellesley Street, Taunton, Somerset TA2 7DS	£2,331	59	2	Flat
£148K	03/21	0.47 mi	42b, Laburnum Street, Taunton, Somerset TA1 1LB	-	-	2	Flat
£147.5K	01/21	0.47 mi	2, Cunningham Court, Taunton, Somerset TA1 1AR	£2,783	53	2	Flat
£175K	09/23	0.47 mi	36, Cunningham Court, Taunton, Somerset TA1 1AR	£3,017	58	2	Flat
£115K	01/21	0.47 mi	37, Winters Field, Taunton, Somerset TA1 1PY	£1,885	61	2	Flat
£165K	01/23	0.48 mi	35, Cunningham Court, Taunton, Somerset TA1 1AR	£2,845	58	2	Flat
£185K	12/23	0.49 mi	29, Firepool View, Taunton, Somerset TA1 1NY	£2,681	69	2	Flat
£170K	07/23	0.5 mi	63b, George Street, Taunton, Somerset TA2 7DG	£2,881	59	2	Flat
£112.5K	11/20	0.51 mi	10, Eastgate Gardens, Taunton, Somerset TA1 1RD	£1,815	62	2	Flat
£130K	10/21	0.51 mi	39, Eastgate Gardens, Taunton, Somerset TA1 1RD	-	-	2	Flat
£150K	04/23	0.51 mi	38, Eastgate Gardens, Taunton, Somerset TA1 1RD	£2,419	62	2	Flat
£160K	12/23	0.51 mi	44, Eastgate Gardens, Taunton, Somerset TA1 1RD	-	-	2	Flat
£160K	12/23	0.51 mi	44, Eastgate Gardens, Taunton, Somerset TA1 1RD	-	-	2	Flat
£138K	03/23	0.52 mi	5, Eastgate Gardens, Taunton, Somerset TA1 1RD	£2,464	56	2	Flat
£180K	10/20	0.54 mi	Flat 8, Bath House Court, Wellington Road, Taunton, Somerset TA1 4EQ	-	-	2	Flat
£160K	05/21	0.54 mi	Flat 4, Bath House Court, Wellington Road, Taunton, Somerset TA1 4EQ	-	-	2	Flat
£130K	06/21	0.55 mi	Flat 4, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF	£3,611	36	2	Flat
£122K	12/20	0.56 mi	Flat 8, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF	-	-	2	Flat

Local Rents

33 rents from £650/mo to £1.7K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£895	09/24	0.22 mi	Upper Wood Street, Taunton, TA1	2	Terraced House
£1,100	09/24	0.24 mi	Rupert Street, Taunton TA1	2	Terraced House
£1,200	09/24	0.24 mi	-	2	Terraced House
£895	09/24	0.24 mi	-	2	Flat
£1,100	09/24	0.25 mi	-	2	Flat
£1,600	09/24	0.26 mi	Coal Orchard, TAUNTON	2	Flat
£1,550	09/24	0.29 mi	Coal Orchard, TAUNTON	2	Flat
£925	09/24	0.29 mi	Woodstock Road, Taunton, TA1	2	Flat
£750	03/25	0.33 mi	-	2	Flat
£1,100	09/24	0.33 mi	Richmond Road, TAUNTON	2	Flat
£1,500	09/24	0.37 mi	-	2	Flat
£1,700	03/25	0.37 mi	-	2	Flat
£995	09/24	0.37 mi	Priory Avenue, Taunton	2	Flat
£850	11/24	0.37 mi	-	2	Flat
£850	09/24	0.38 mi	Middle Street, Taunton, TA1	2	Terraced House
£895	09/24	0.38 mi	Belgrave Place, Taunton, TA2	2	Flat
£925	09/24	0.38 mi	The Octagon, Taunton, Somerset, TA1	2	Flat
£900	09/24	0.39 mi	Richmond Road	2	Flat
£950	09/24	0.41 mi	Taunton	2	Flat
£650	03/25	0.43 mi	-	2	Terraced House
£1,100	09/24	0.43 mi	Firepool View, TAUNTON	2	Flat
£950	03/25	0.49 mi	-	2	Terraced House
£1,050	09/24	0.55 mi	-	2	Flat
£1,000	02/25	0.55 mi	-	2	Flat
£1,150	12/24	0.55 mi	-	2	Semi-Detached House
£995	03/25	0.56 mi	-	2	Flat
£900	09/24	0.56 mi	Dovetail Court,park Street,taunton	2	Flat
£1,100	09/24	0.57 mi	-	2	Flat
£1,100	03/25	0.59 mi	-	2	Terraced House
£1,200	09/24	0.6 mi	-	2	Terraced House
£1,200	12/24	0.6 mi	-	2	Terraced House
£995	03/25	0.61 mi	-	2	Terraced House
£1,200	09/24	0.61 mi	Gloucester Street, TAUNTON	2	Flat

Local Area Statistics

Population in TA1	39,26539,265
Population in Taunton	85,08885,088
Town centre distance	0.57 miles away0.57 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.18 miles away0.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Price changed to £124,000

February 28, 2025

Listed for £132,500

June 14, 2023

Floor Plans

Description

Spacious Two Bedroom Flat +
Large Open Plan Living +
Within Easy Reach of Taunton Town Centre & Railway Station +
Modern Fitted Kitchen +
White Suite Bathroom with Shower over Bath +
Long Lease (999 Years from 1st January 2003) +
Tenant In Situ Paying £795 +
No Onward Chain +

Newton King are delighted to offer to the market with no onward chain, this spacious two bedroom flat found situated in a popular residential location within easy reach of Taunton Town Centre and Taunton Train Station. The property comprises entrance hall, large open plan living room/kitchen, two bedrooms the master with a built in cupboard and a white suite bathroom benefitting from an electric shower over the bath. There is currently a tenant in situ paying £795 PCM providing a gross annual rental income of £9,540 per annum. Share of freehold, with the lease commencing for 999 years from 1 January 2003. The service charges are £50 per month. Council Tax Band B, EPC D. Please contact Newton King between the hours of 9am-6pm to arrange a fully accompanied viewing.

Agent Details

Newton King, Taunton

01823 212787

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents