2 Bed Bungalow, Cash/Bridging Only, Taunton, TA1 4TS, £299,950

13 Burchs Close, Taunton, TA1 4TS - a year ago

Sold STC
Cash
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£101.5K - £875K
Sold Prices/m²£2.1K/m² - £6.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£262,180

 

 

End Value (After Refurb)

£281,779

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£13,500

Refurb Costs

£27,698

Bridging Loan Interest

£7,874

Total Cash In

£125,810

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£281,779

Mortgage (After Refinance)

£211,334

Mortgage LTV

75%

Cash Left In

£125,810

Equity

£70,445

Rent Range

£650 - £1,700

Rent Estimate

£1,048

Running Costs/mo

£1,110

Cashflow/mo

£-62

Cashflow/yr

£-746

Gross Yield

4%

Local Sold Prices

50 sold prices from £101.5K to £875K, average is £277.5K. £2.1K/m² to £6.2K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£236K12/200.17 mi74, Manor Orchard, Taunton, Somerset TA1 4SQ2
£285K03/240.17 mi53, Manor Orchard, Taunton, Somerset TA1 4SQ2
£285K11/200.18 mi2, Outer Gullands, Taunton, Somerset TA1 4SH2
£295K01/240.2 mi2, Essex Drive, Taunton, Somerset TA1 4JY2
£310K03/230.2 mi16, Langham Drive, Taunton, Somerset TA1 4LJ2
£242.5K04/210.21 miLittle Dalbrack, Shepherds Hay, Taunton, Somerset TA1 5NY2
£380K10/230.22 mi1, Ramshorn Green, Taunton, Somerset TA1 4SL2
£260K05/210.22 mi16, Galmington Lane, Taunton, Somerset TA1 5DG2
£243K03/210.25 mi3, Kilmorie Close, Taunton, Somerset TA1 5AJ2
£262.5K12/230.25 mi4, Kilmorie Close, Taunton, Somerset TA1 5AJ2
£288.5K12/230.25 mi8, Kilmorie Close, Taunton, Somerset TA1 5AJ2
£290K03/230.25 mi15, Suffolk Crescent, Taunton, Somerset TA1 4JL2
£320K07/230.26 mi7, Suffolk Crescent, Taunton, Somerset TA1 4JL2
£320K01/240.26 mi5, Suffolk Crescent, Taunton, Somerset TA1 4JL2
£262K09/230.26 mi9, Poundisford Close, Taunton, Somerset TA1 4TF2
£325K08/230.26 mi2, Ramshorn Place, Taunton, Somerset TA1 4SW2
£275K08/210.27 mi6, Norwich Close, Taunton, Somerset TA1 4LH2
£308K06/210.3 mi5, The Spinney, Taunton, Somerset TA1 4RY2
£260K12/200.3 mi2, Inner Gullands, Taunton, Somerset TA1 4SP2
£340K06/230.31 mi10, Manor Orchard, Taunton, Somerset TA1 4PS2
£270K11/200.32 mi4, Scafell Close, Taunton, Somerset TA1 4LF2
£875K02/210.35 mi49, Trull Road, Taunton, Somerset TA1 4QN2
£245K11/230.36 mi8, Bovet Close, Taunton, Somerset TA1 4NY2
£335K02/210.36 mi11, Manor Orchard, Taunton, Somerset TA1 4PR2
£297.5K11/230.36 mi5, Parkfield Crescent, Taunton, Somerset TA1 4RX2
£285K03/210.36 mi9, Parkfield Crescent, Taunton, Somerset TA1 4RX2
£310K04/240.36 mi11, Parkfield Crescent, Taunton, Somerset TA1 4RX2
£250K12/200.37 mi35, Parkfield Drive, Taunton, Somerset TA1 5BY2
£132.5K06/210.44 mi22, Chapman Court, Taunton, Somerset TA1 4YB2
£275K07/230.44 mi6, Queensway, Taunton, Somerset TA1 4LD2
£170K12/200.44 mi18, Musgrove Road, Taunton, Somerset TA1 5LB2
£204K01/210.44 mi67, Musgrove Road, Taunton, Somerset TA1 5LE2
£315K12/230.45 mi13, Manor Drive, Taunton, Somerset TA1 4RP2
£172.5K12/200.48 mi69, Queensway, Taunton, Somerset TA1 4NJ2
£310K11/210.49 mi109, Queensway, Taunton, Somerset TA1 4NJ2
£170K02/210.49 mi103, Queensway, Taunton, Somerset TA1 4NJ2
£335K12/230.53 mi7, Hoopers Close, Taunton, Somerset TA1 5PN2
£204K12/230.55 mi101, Comeytrowe Lane, Taunton, Somerset TA1 5QG2
£250K09/230.56 mi100, Queensway, Taunton, Somerset TA1 5QT2
£269.9K01/210.58 mi12, Mountway Road, Bishops Hull, Taunton, Somerset TA1 5LR2
£242K11/200.6 mi65, Deane Drive, Taunton, Somerset TA1 5PP2
£208K02/210.61 mi17, Westgate Street, Taunton, Somerset TA1 4EX2
£180K06/210.61 mi13, Westgate Street, Taunton, Somerset TA1 4EX2
£101.5K11/230.63 mi3, Cann Street, Taunton, Somerset TA1 4EH2
£360K12/200.64 mi7, New Road, Trull, Taunton, Somerset TA3 7NJ2
£410K01/230.65 mi4, Footlands Close, Sherford, Taunton, Somerset TA1 3RE2
£385K03/230.65 mi6, Footlands Close, Sherford, Taunton, Somerset TA1 3RE2
£190K07/210.71 mi1, Wessex Road, Taunton, Somerset TA1 4RH2
£280K06/230.71 mi83, Gillards, Bishops Hull, Taunton, Somerset TA1 5HH2
£282.5K06/230.71 mi45, Gillards, Bishops Hull, Taunton, Somerset TA1 5HH2

Local Rents

33 rents from £650/mo to £1.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95001/250.12 mi-2
£85009/240.32 miTrull Road, TAUNTON2
£1,20003/250.33 mi-2
£1,10006/240.44 mi-2
£1,07509/240.45 miHilary Road, TAUNTON2
£1,25011/240.53 mi-2
£1,05009/240.56 miGalmington2
£1,20009/240.61 miWestgate Street, Taunton, 2
£90009/240.64 miDovetail Court,park Street,taunton2
£75002/240.65 mi-2
£1,05009/240.65 mi-2
£1,00001/250.65 mi-2
£1,30009/240.79 miBishops Hull Hill, Bishops Hull, Taunton2
£99509/240.82 miHamwood, Taunton2
£1,05009/240.86 miSouth View Terrace, Trull, TAUNTON2
£1,10009/240.91 mi-2
£89509/240.92 miUpper Wood Street, Taunton, TA12
£1,17508/240.99 mi-2
£1,20001/250.99 mi-2
£90009/241.03 miRichmond Road 2
£92509/241.03 miWoodstock Road, Taunton, TA12
£1,10009/241.06 miRichmond Road, TAUNTON2
£1,60009/241.07 miCoal Orchard, TAUNTON2
£1,55009/241.08 miCoal Orchard, TAUNTON2
£65002/251.1 mi-2
£92509/241.12 miThe Octagon, Taunton, Somerset, TA12
£85009/241.16 miMiddle Street, Taunton, TA12
£75002/251.17 mi-2
£1,50009/241.19 mi-2
£1,70002/251.19 mi-2
£99509/241.24 miPriory Avenue, Taunton2
£95009/241.24 miEast Reach, Taunton2
£1,00012/241.24 mi-2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.10 miles away

Nearest school

0.40 miles away

Nearest train station

1.32 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

February 13, 2024

Floor Plans

Description

  • Detached Bungalow +
  • Two Bedrooms +
  • Corner Plot +
  • Sought After Residential Location +
  • No Onward Chain +

Situated on a generous size corner plot in a cul-de-sac position within the popular residential location of Comeytrowe, is this two bedroom 1960s style detached bungalow.

The property, which is ideally situated just a short walking distance from amenities that include Tesco Express, doctors surgery and community centre and is also close to a bus route into the town centre.

Additionally, the property, which is offered with vacant possession, benefits from uPVC double glazing and mains gas fired central heating and is further enhanced by a single garage and driveway offering off-road parking for two vehicles.

Internally, a front door leads into entrance hall with access to the sitting room, two bedrooms and shower room. A sitting/dining room with sliding patio doors to the outside leads through to a fitted kitchen comprising of a range of matching wall and base units, roll edge work surfaces and tiled splashbacks. There is space for a cooker, space and plumbing for a washing machine, space for a tall freezer and a uPVC double glazed door to the side. From the hallway, there are two generous size double bedrooms (both with built-in wardrobe space) and a refitted shower room comprising of wc, wash hand basin, set-in vanity unit, walk-in shower with tiled surround and electric shower over. Externally, the property is set on a generous size corner plot. The front is laid mainly to lawn with a path leading to the front door. To the rear, there is gated side access and gated rear access with a path from the back of the bungalow to the rear gate. The garden is laid predominantly to lawn with trees and shrub borders. There is a single garage and driveway offering off-road parking for two vehicles.

MEASUREMENTS [All measurements are approximate]:
GROUND FLOOR:
KITCHEN: 9'3" x 12'2" (2.81m x 3.70m),
SITTING/DINING ROOM: 20'1" x 15'5" narrowing to 10'0" (6.12m x 4.69m narrowing to 3.04m),
BEDROOM ONE: 11'0" x 13'10" (3.35m x 4.21m),
BEDROOM TWO: 11'2" x 11'0" (3.40m x 3.35m),
SHOWER ROOM: 6'8" x 7'8" (2.03m x 2.33m)

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/energetic.roof.prom
Council Tax Band: D
EPC: C
Mobile Phone Coverage: Voice and Data available with EE, 3, O2 and Vodafone. Broadband: Superfast available up to 32Mbps.
Flood Risk: Surface Water Risk: Medium Risk. River and Sea Risk: Very Low Risk.

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 February 2024. 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

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