3 Bed Bungalow, Refurb/BRRR, Taunton, TA1 3EL, £299,950

117 Stoke Road, Taunton, TA1 3EL - 9 views - a year ago

Sold STC
Cash
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£207.5K - £460K
Sold Prices/m²£1.9K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£287,904

 

 

End Value (After Refurb)

£293,295

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£13,500

Refurb Costs

£37,820

Bridging Loan Interest

£7,874

Total Cash In

£135,931

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£293,295

Mortgage (After Refinance)

£219,972

Mortgage LTV

75%

Cash Left In

£135,931

Equity

£73,324

Rent Range

£1,200 - £2,700

Rent Estimate

£1,573

Running Costs/mo

£1,251

Cashflow/mo

£322

Cashflow/yr

£3,862

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £207.5K to £460K, average is £305K. £1.9K/m² to £4.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£312.5K01/210 mi74, Stoke Road, Taunton, Somerset TA1 3EL3
£375K02/230 mi83, Stoke Road, Taunton, Somerset TA1 3EL3
£365K10/230.08 mi27, Woodrush Close, Taunton, Somerset TA1 3XB3
£260K01/230.09 mi9, Holly Close, Taunton, Somerset TA1 2QW3
£267.5K11/230.1 mi3, Bluebell Close, Taunton, Somerset TA1 3XQ3
£238.5K02/210.1 mi19, Bluebell Close, Taunton, Somerset TA1 3XQ3
£272K02/210.1 mi12, Bluebell Close, Taunton, Somerset TA1 3XQ3
£282.5K10/210.11 mi4, Sundew Close, Taunton, Somerset TA1 3XH3
£246K06/230.15 mi12, Hawthorn Road, Taunton, Somerset TA1 2QS3
£300K07/230.22 mi10, The Oaks, Taunton, Somerset TA1 2QX3
£425K03/230.22 mi17, The Oaks, Taunton, Somerset TA1 2QX3
£380K05/230.22 mi4, The Oaks, Taunton, Somerset TA1 2QX3
£355K12/220.22 mi21, Tamar Avenue, Taunton, Somerset TA1 3BY3
£238.5K07/230.23 mi9, Celandine Mead, Taunton, Somerset TA1 3XF3
£337K02/210.24 mi3, Fullands Avenue, Taunton, Somerset TA1 3DE3
£265K04/240.24 mi2, Sycamore Close, Taunton, Somerset TA1 2QJ3
£207.5K12/200.24 mi14, Sycamore Close, Taunton, Somerset TA1 2QJ3
£460K05/230.24 mi2, Stoke Road, Taunton, Somerset TA1 3EJ3
£232K10/230.28 mi70, Rowan Drive, Taunton, Somerset TA1 2QL3
£240K10/230.28 mi60, Rowan Drive, Taunton, Somerset TA1 2QL3
£284K06/230.28 mi18, Bilberry Grove, Taunton, Somerset TA1 3XN3
£275K08/230.29 mi71, Upper Holway Road, Taunton, Somerset TA1 2QA3
£350K12/220.3 mi25, Fields End, Taunton, Somerset TA1 2LU3
£273K05/210.33 mi3, Saffron Close, Taunton, Somerset TA1 3XW3
£235K10/210.34 mi10, Lilac Close, Taunton, Somerset TA1 2QB3
£245K11/230.34 mi14, Juniper Road, Taunton, Somerset TA1 2QD3
£340K11/210.34 mi7, Hillyfields, Taunton, Somerset TA1 2LU3
£385K12/220.34 mi1, Hillyfields, Taunton, Somerset TA1 2LU3
£395K04/210.37 mi4, Gordons Close, Taunton, Somerset TA1 3DA3
£450K08/230.37 mi12, Gordons Close, Taunton, Somerset TA1 3DA3
£292K03/230.38 mi22, Pine Close, Taunton, Somerset TA1 2SD3
£395K03/240.39 mi52, Fremantle Road, Taunton, Somerset TA1 3BS3
£410K07/230.39 mi33, Killams Crescent, Taunton, Somerset TA1 3YB3
£291K10/200.39 mi33, Killams Crescent, Taunton, Somerset TA1 3YB3
£250K09/230.41 mi33, Bramble Park, Taunton, Somerset TA1 2QT3
£272.5K08/230.41 mi2, Bramble Park, Taunton, Somerset TA1 2QT3
£375K12/230.42 mi12, Mountfields Road, Taunton, Somerset TA1 3BQ3
£340K06/210.43 mi44, Dunkleys Way, Taunton, Somerset TA1 2LX3
£310K08/230.43 mi30, Dunkleys Way, Taunton, Somerset TA1 2LX3
£277.5K04/210.43 mi21, Dunkleys Way, Taunton, Somerset TA1 2LX3
£340K08/230.43 mi54, Dunkleys Way, Taunton, Somerset TA1 2LX3
£315K05/240.43 mi5, Dunkleys Way, Taunton, Somerset TA1 2LX3
£377.5K07/230.44 mi45, Mountfields Avenue, Taunton, Somerset TA1 3BW3
£415K03/230.45 mi32, Kingsway, Taunton, Somerset TA1 3YD3
£360K04/230.45 mi8, Kingsway, Taunton, Somerset TA1 3YD3
£320K05/240.45 mi31, Upper Holway Road, Taunton, Somerset TA1 2HF3
£250K10/210.5 mi46, Bacon Drive, Taunton, Somerset TA1 2LH3
£262K12/210.5 mi58, Bacon Drive, Taunton, Somerset TA1 2LH3
£230K03/210.5 mi9, Broughton Close, Taunton, Somerset TA1 2JS3
£310K12/200.5 mi3, Killams Avenue, Taunton, Somerset TA1 3YE3

Local Rents

15 rents from £1.2K/mo to £2.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30011/240.12 mi-3
£1,20009/240.34 miBilberry Grove, Taunton, TA13
£1,32509/240.44 miPoplar Road, Taunton TA13
£1,40009/240.54 mi-3
£1,25009/240.69 miAshbourne Crescent, Taunton3
£1,20009/240.71 miAshbourne Crescent, Taunton3
£1,20009/240.75 miParmin Way, TA1 3
£1,40009/240.9 mi-3
£1,35009/240.92 miThames Drive, Taunton3
£1,40008/240.97 mi-3
£2,70009/241.16 mi-3
£2,70012/241.16 mi-3
£2,70002/251.16 mi-3
£2,70003/251.16 mi-3
£1,75009/241.22 miPikes Crescent, Taunton, TA13

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.13 miles away

Nearest school

0.50 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £299,950

December 4, 2024

Listed for £310,000

January 2, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Detached Bungalow +
  • Modernisation Required +
  • Large Rear Garden +
  • Ample Off-Road Parking +
  • Double Glazed +
  • Gas Fired Central Heating +

The accommodation comprises in brief; entrance with good size storage cupboard and door leading into the dining room. The dining room has a gas fire and window overlooking the front, whilst the kitchen offers a selection of base level storage units with work surfaces above, a stainless-steel sink, space and plumbing for a washing machine, space for an electric cooker and a walk-in pantry with lots of storage space. The sitting room has a gas fire and double glazed door providing access to the front. There are three bedrooms, two are double rooms. The family bathroom comprises panelled bath with electric shower over and a wash hand basin. There is a separate cloakroom with low level wc. Externally, the rear garden is a good size and predominantly laid to lawn. There is a timber summer house and a good size shed/workshop with power and lighting. To the front of the property there is a large driveway providing off road parking for several vehicles. The property is offered to the market with vacant possession and no onward chain.

MEASUREMENTS [All measurements are approximate]:
GROUND FLOOR:
ENTRANCE HALLWAY,
DINING ROOM: 14'9" x 9'9" (4.49m x 2.97m),
KITCHEN: 9'7" x 5'2" (2.92m x 1.57m),
SITTING ROOM: 12'2" x 10'9" (3.70m x 3.27m),
INNER HALLWAY,
BEDROOM ONE: 12'1" x 11'9" (3.68m x 3.58m),
BEDROOM TWO: 11'7" x 11'1" (3.53m x 3.37m),
BEDROOM THREE: 12'1" x 8'2" max (3.68m x 2.48m max),
BATHROOM: 8'3" x 4'5" (2.51m x 1.34m),
WC: 8'3" x 2'5" (2.51m x 0.73m)
EXTERNAL:
SHED/WORKSHOP: 16'9" x 7'9" (5.10m x 2.36m)

GENERAL REMARKS AND STIPULATIONS:
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 Council, County Hall, The Crescent, Taunton, Somerset, TA1 4DY
Property Location: w3w.co/research.spruced.blessing
Council Tax Band: E
EPC: D
Broadband Availability: Ultrafast with up to 1000 Mbps download speed and 220 Mbps upload speed.
Mobile Phone Coverage: Indoor-voice & data likely available with EE, O2 & Vodafone. Outdoor-voice & data likely available with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-very low.

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 December 2023. 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 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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