3 Bed Terraced House, Refurb/BRRR, Taunton, TA2 6JN, £250,000

20 Leslie Avenue, Taunton TA2 6JN - 4 views - a year ago

Refurb/BRRR
ROI: 9%
~93 m²
+25 photos

ValuationOvervalued

Sold Prices£159K - £370K
Sold Prices/m²£1.3K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£236,670

 

 

End Value (After Refurb)

£228,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£37,820

Bridging Loan Interest

£6,563

Total Cash In

£117,333

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£228,000

Mortgage (After Refinance)

£171,000

Mortgage LTV

75%

Cash Left In

£117,333

Equity

£57,000

Rent Range

£1,150 - £2,950

Rent Estimate

£1,980

Running Costs/mo

£1,129

Cashflow/mo

£852

Cashflow/yr

£10,218

ROI

9%

Gross Yield

10%

Local Sold Prices

51 sold prices from £159K to £370K, average is £247.5K. £1.3K/m² to £3.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£300K09/230.01 mi18, Leslie Avenue, Taunton, Somerset TA2 6JN3
£225K06/210.05 mi44, Addison Grove, Taunton, Somerset TA2 6JG3
£350K03/230.05 mi43, Leslie Avenue, Taunton, Somerset TA2 6JW3
£165K11/200.08 mi10, Winston Close, Taunton, Somerset TA2 6JS3
£207.5K04/210.08 mi9, Winston Close, Taunton, Somerset TA2 6JS3
£300K05/230.08 mi9, Addison Grove, Taunton, Somerset TA2 6JF3
£235K12/200.09 mi58, Addison Grove, Taunton, Somerset TA2 6JH3
£322K05/240.09 mi53, Addison Grove, Taunton, Somerset TA2 6JH3
£225K04/210.11 mi45, Cyril Street West, Taunton, Somerset TA2 6JD3
£263K12/200.11 mi127, Greenway Road, Taunton, Somerset TA2 6LG3
£370K06/210.11 mi96, Greenway Road, Taunton, Somerset TA2 6LF3
£220K10/230.11 mi64, Greenway Road, Taunton, Somerset TA2 6LE3
£365K01/240.11 mi74, Greenway Road, Taunton, Somerset TA2 6LE3
£305K03/240.11 mi29, Greenway Avenue, Taunton, Somerset TA2 6HY3
£280K09/230.11 mi73, Cyril Street West, Taunton, Somerset TA2 6JE3
£198K06/210.11 mi65, Greenway Road, Taunton, Somerset TA2 6LD3
£185K09/230.13 mi27, Fowler Street, Taunton, Somerset TA2 6JB3
£244K03/210.13 mi55, Greenway Avenue, Taunton, Somerset TA2 6HZ3
£315K03/230.13 mi48, Greenway Avenue, Taunton, Somerset TA2 6HZ3
£294.5K05/230.13 mi52, Greenway Avenue, Taunton, Somerset TA2 6HZ3
£160K04/230.14 mi17, Jubilee Street, Taunton, Somerset TA2 6JA3
£340K06/210.15 mi2a, Greenway Crescent, Taunton, Somerset TA2 6NG3
£272K12/200.15 miSunnydale, 37, Greenway Crescent, Taunton, Somerset TA2 6NG3
£330K07/230.15 mi43, Greenway Crescent, Taunton, Somerset TA2 6NG3
£274K09/210.15 mi28, Maxwell Street, Taunton, Somerset TA2 6HS3
£260K02/230.17 mi21, Maxwell Street, Taunton, Somerset TA2 6HR3
£247.5K06/230.17 mi7, Cyril Street, Taunton, Somerset TA2 6HW3
£202K03/210.18 mi5, Maxwell Street, Taunton, Somerset TA2 6HR3
£240K05/240.18 mi19, Maxwell Street, Taunton, Somerset TA2 6HR3
£241K01/230.19 mi4, Greenway Road, Taunton, Somerset TA2 6LB3
£213.5K01/240.19 mi18, Greenway Road, Taunton, Somerset TA2 6LB3
£257.5K01/230.21 mi37, Greenway Road, Taunton, Somerset TA2 6LA3
£240K10/200.21 mi19, Greenway Avenue, Taunton, Somerset TA2 6HU3
£200K03/210.21 mi15, Greenway Avenue, Taunton, Somerset TA2 6HU3
£159K03/230.21 mi8, Greenway Avenue, Taunton, Somerset TA2 6HU3
£243K12/200.21 mi3, Greenway Avenue, Taunton, Somerset TA2 6HU3
£250K10/210.22 mi63, Greenway Crescent, Taunton, Somerset TA2 6NH3
£370K03/230.22 mi42, Greenway Crescent, Taunton, Somerset TA2 6NH3
£285K06/230.22 mi35, Herbert Street, Taunton, Somerset TA2 6HJ3
£225K05/210.22 mi54, Greenway Crescent, Taunton, Somerset TA2 6NH3
£230K07/230.23 mi47, St Andrews View, Taunton, Somerset TA2 6JU3
£230K07/230.23 mi47, St Andrews View, Taunton, Somerset TA2 6JU3
£265K10/230.24 mi97, Kingston Road, Taunton, Somerset TA2 7SN3
£185K03/210.24 mi15, William Street, Taunton, Somerset TA2 6HG3
£222.5K08/230.24 mi49, William Street, Taunton, Somerset TA2 6HG3
£360.5K05/210.25 mi35, Peile Drive, Taunton, Somerset TA2 7SZ3
£350K12/220.25 mi30, Peile Drive, Taunton, Somerset TA2 7SZ3
£196K01/210.28 mi111, Kingston Road, Taunton, Somerset TA2 7SP3
£306K05/210.28 mi112, Kingston Road, Taunton, Somerset TA2 7SP3
£240K10/200.29 mi54, George Street, Taunton, Somerset TA2 7DE3
£365K09/230.3 mi11, Chip Lane, Taunton, Somerset TA1 1BY3

Local Rents

32 rents from £1.1K/mo to £3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,35010/240.3 mi-3
£1,25009/240.33 mi-3
£1,35009/240.38 miWoodstock Road3
£1,25009/240.39 miRichmond Road, Taunton, TA13
£1,25002/250.39 mi-3
£1,35009/240.62 miSheldon Court, Taunton3
£1,30009/240.62 miEaton Crescent, Taunton3
£2,95002/240.8 mi-3
£2,95009/240.8 mi-3
£2,95009/240.8 mi-3
£2,95009/240.8 mi-3
£2,95009/240.8 mi-3
£2,95007/240.8 mi-3
£2,95008/240.8 mi-3
£2,95002/250.8 mi-3
£2,95003/250.8 mi-3
£1,30009/240.8 miFirepool Crescent, Taunton3
£1,30009/240.81 miFirepool Crescent, Taunton3
£1,27511/240.92 mi-3
£1,15009/240.92 mi-3
£1,50009/240.96 miTaunton, TA13
£1,27001/251.05 mi-3
£2,70009/241.09 mi-3
£2,70012/241.09 mi-3
£2,70002/251.09 mi-3
£2,70003/251.09 mi-3
£1,75009/241.12 miManor Orchard, Taunton, TA13
£1,95001/251.14 mi-3
£1,40008/241.14 mi-3
£1,90011/241.2 mi-3
£1,30009/241.21 miThe Shaulders, Taunton, 3
£1,20009/241.23 miStandfast Place, Taunton, TA23

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

0.99 miles away

Nearest school

0.20 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £250,000

November 7, 2023

Floor Plans

Description

  • VICTORIAN TERRACE HOME +
  • THREE BEDROOMS +
  • USEFUL ATTIC ROOM +
  • TWO BATHROOMS +
  • IN NEED OF MODERNISATION +
  • ENCLOSED REAR GARDEN +
  • RESIDENTS PERMIT PARKING +
  • GAS CENTRAL HEATING +
  • CLOSE TO AMENITIES +
  • NO ONWARD CHAIN +

A three bed Victorian end of terrace home in need of modernisation, located in the sought after Rowbarton area of Taunton. The spacious accommodation consists of; entrance hall, two reception rooms, kitchen/breakfast room, ground floor shower room, three first floor bedrooms, family bathroom and a useful attic room. Externally the property benefits from an enclosed rear garden and access to residents permit parking. AVAILABLE WITH NO ONWARD CHAIN. Energy rating: D

Agent Details

Gibbins Richards, Taunton

01823 211768

Next Steps?

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