4 Bed Bungalow, Refurb/BRRR, Taunton, TA4 4EP, £410,000

Combe Close, Bicknoller, TA4 4EP - a year ago

Sold STC
Refurb/BRRR
~108 m²
+7 photos

ValuationOvervalued

Sold Prices£325K - £660K
Sold Prices/m²£2K/m² - £4.1K/m²

 

 

Square Metres

~107.54 m²
Price/m²£3.8K/m²

Value Estimate

£298,722

 

 

End Value (After Refurb)

£410,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£102,500

Stamp Duty & Legal Fees

£29,700

Refurb Costs

£43,941

Bridging Loan Interest

£10,763

Total Cash In

£188,654

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£410,000

Mortgage (After Refinance)

£307,500

Mortgage LTV

75%

Cash Left In

£188,654

Equity

£102,500

Rent Range

£700 - £1,100

Rent Estimate

£891

Running Costs/mo

£1,479

Cashflow/mo

£-588

Cashflow/yr

£-7,061

Gross Yield

3%

Local Sold Prices

16 sold prices from £325K to £660K, average is £514K. £2K/m² to £4.1K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£650K10/230.02 miStablemates, Gatchell Lane, Bicknoller, Taunton, Somerset TA4 4FA4
£600K06/230.13 mi22, Church Lane, Bicknoller, Taunton, Somerset TA4 4EL4
£533K03/231.32 mi6, Croft Meadow, Sampford Brett, Taunton, Somerset TA4 4LD4
£460K06/231.46 mi5, Staple Close, West Quantoxhead, Taunton, Somerset TA4 4DF4
£495K06/211.47 miWithenfield, Staple Lane, West Quantoxhead, Taunton, Somerset TA4 4DE4
£660K10/201.56 miManor Farm, Station Road, Stogumber, Taunton, Somerset TA4 3TQ4
£545.3K08/211.78 mi72a, Tower Hill, Williton, Taunton, Somerset TA4 4JR4
£539K08/211.78 mi62, Tower Hill, Williton, Taunton, Somerset TA4 4JR4
£600K04/211.94 mi30, Tower Hill, Williton, Taunton, Somerset TA4 4NU4
£550K11/212.05 mi12, Catwell, Williton, Taunton, Somerset TA4 4PF4
£325K06/212.12 mi18, Half Acre, Williton, Taunton, Somerset TA4 4NX4
£460K12/232.16 mi16, Bridge Street, Williton, Taunton, Somerset TA4 4NR4
£425K03/232.54 mi13, Rangoon Road, Watchet, Somerset TA23 0TS4
£375K03/212.83 mi12, Cherry Tree Way, Watchet, Somerset TA23 0UB4
£405K08/232.97 mi19, Bay View, Watchet, Somerset TA23 0EY4
£425K08/222.97 mi33, Liddymore Road, Watchet, Somerset TA23 0DU4

Local Rents

19 rents from £700/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£92509/241.45 miStogumber, Taunton3
£99503/232.02 mi-3
£85003/232.02 mi-2
£80007/242.02 mi-3
£80004/242.07 mi-2
£75009/242.11 mi-2
£75009/242.11 mi-2
£70009/242.11 mi-2
£80003/252.11 mi-2
£72506/232.11 mi-2
£90010/232.13 mi-3
£1,10010/232.16 mi-3
£1,00002/242.16 mi-1
£1,00002/242.16 mi-1
£1,08309/242.16 mi-1
£1,08309/242.16 mi-1
£1,00009/242.26 miCrowcombe2
£82509/242.26 miFore Street, Williton3
£1,00006/232.35 mi-3

Local Area Statistics

Population in TA4

19,149

Population in Taunton

85,088

Town centre distance

11.93 miles away

Nearest school

1.60 miles away

Nearest train station

11.37 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Price changed to £410,000

September 26, 2024

Listed for £435,000

January 13, 2024

Floor Plans

Description

  • No Onward Chain +
  • In Need of Cosmetic Updating +
  • Village Location +
  • Garage & Off Road Parking +
  • Far Reaching Views +
  • Gas Fired Central Heating +

DESCRIPTION: The property comprises a detached bungalow of traditional brick and block construction with reconstructed stone and rendered elevations under a tiled roof with the benefit of mains gas central heating, in need of cosmetic modernisation and with the benefit of No Onward Chain. Viewings strongly advised.

The accommodation in brief comprises; glazed uPVC French doors into Entrance Porch; with quarry tiled floor. Glazed doors into spacious Entrance Hall; telephone point. Sitting Room; with aspect to front with far reaching views to the surrounding countryside, inset gas fire onto an open fireplace with marble tiled surround, serving hatch to kitchen. Kitchen; aspect to rear, solid wood fitted kitchen cupboards and drawers under a marble effect rolled edge worktop with inset stainless steel sink and drainer, tiled splashbacks, fitted electric double oven, four ring hob, space and plumbing for washing machine, space for under counter fridge, wall mounted Viessmann combi boiler for central heating and hot water, ample room for breakfast table, views to the Quantock Hills. Bedroom 1; aspect to front, pedestal wash basin with tiled splashback, light and shaver point over. Dining Room or Study; aspect to rear. Door into Ground Floor Bedroom 2 or Office; double aspect and French doors to the front garden. Bathroom; white suite comprising panelled bath, tiled surround, thermostatic mixer shower over, low level WC, pedestal wash basin. Stairs to First Floor Landing from Entrance Hall; with Velux window and storage cupboard under, views to the Quantock Hills and church. Separate WC; with Velux window and low level WC. Airing cupboard with wood slat shelving. Bedroom; with aspect to front and dormer window with far reaching views to the surrounding countryside, pedestal wash basin with tiled splashback. Second first floor Bedroom; with aspect to side, views to the Quantock Hills and church, eaves storage cupboard, built in wardrobe and hatch to roof space.

OUTSIDE: The property is approached via a 5 bar timber gate leading to the driveway, with off road parking for two vehicles. A side covered porch with quarry tiled floor and uPVC glazed doors to the front and rear, leads to the Garage; with electric up and over door, power and lighting, sliding door into the Workshop; with power and lighting. The gardens wrap around the plot and are laid mainly to lawn, bordered by fences and established hedging. They enjoy a high degree of privacy and are laid mainly to lawn, interspersed with a variety of plants and shrubs.

ACCOMMODATION:

Entrance Porch

Entrance Hall

Sitting Room

Kitchen

Bedroom 1

Dining Room or Study

Ground Floor Bedroom 2 or Office

Bathroom
Stairs to First Floor Landing

WC

Bedroom

Bedroom

Covered Porch

Garage

Workshop

Gardens & Parking.

Agents Notes: Some of the photographs used by Wilkie, May & Tuckwood have been taken with a wide angled lens to show the property off to its best advantage. Please note the floorplan is for guidance only and is not architecturally accurate.

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 the 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, Watchet

01984 600336

Next Steps?

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