3 Bed Detached House, Refurb/BRRR, Taunton, TA4 3AX, £275,000

24 High Street, Bishops Lydeard, Taunton, TA4 3AX - 4 views - a year ago

Sold STC

Refurb/BRRR

~115 m²

+17 photos

ValuationUndervalued

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Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£68,750£68,750
Stamp Duty & Legal Fees	£12,700£12,700
Refurb Costs	£46,957£46,957
Bridging Loan Interest	£7,219£7,219
Total Cash In	£137,375£137,375

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£330,213£330,213
Mortgage (After Refinance)	£247,660£247,660
Mortgage LTV	75%75%
Cash Released	£41,410£41,410
Cash Left In	£95,965£95,965
Equity	£82,553£82,553
Rent Range	£875 - £4,500£875 - £4,500
Rent Estimate	£1,388
Running Costs/mo	£1,330£1,330
Cashflow/mo	£58£58
Cashflow/yr	£702£702
ROI	1%1%
Gross Yield	6%6%

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Local Rents

24 rents from £875/mo to £4.5K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	09/24	0.1 mi	Church Street, Bishops Lydeard, Taunton, TA4	3	Flat
£1,250	09/24	0.55 mi	Mill Lane, Bishops Lydeard	3	Detached House
£1,800	09/24	1.14 mi	Cotford St Luke, Taunton	2	Terraced House
£875	09/24	1.49 mi	Park View, Cotford St Luke. TA4	2	Flat
£1,200	09/24	1.5 mi	Cotford St. Luke	3	Detached House
£1,375	09/24	1.52 mi	Burge Crescent, Cotford St. Luke, TAUNTON	3	Flat
£925	09/24	1.52 mi	Merrifields, Cotford St. Luke,	2	Terraced House
£925	09/24	1.53 mi	Cotford St Luke	2	Terraced House
£1,000	09/24	1.56 mi	-	3	Terraced House
£1,650	07/23	1.56 mi	-	4	Detached House
£1,200	09/24	1.56 mi	St. Lukes Mews, TA4	3	Terraced House
£1,200	11/24	1.57 mi	-	4	Terraced House
£1,000	11/24	1.57 mi	-	2	Terraced House
£1,195	09/24	1.57 mi	-	3	Semi-Detached House
£950	09/24	1.57 mi	Graham Way, Cotford St. Luke, TAUNTON	2	Flat
£980	10/23	1.58 mi	-	2	Terraced House
£1,055	02/24	2.1 mi	-	1	Flat
£930	02/24	2.13 mi	-	1	House
£4,500	11/24	2.13 mi	-	5	Detached House
£1,435	09/24	2.17 mi	-	2	Flat
£1,400	02/25	2.17 mi	-	2	Terraced House
£1,750	09/24	2.19 mi	-	3	House
£1,100	09/24	2.27 mi	Bagborough, TAUNTON	1	Flat
£1,250	09/24	2.35 mi	Heathfiled Court TA4	2	Flat

Local Area Statistics

Population in TA4	19,14919,149
Population in Taunton	85,08885,088
Town centre distance	5.08 miles away5.08 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	4.55 miles away4.55 miles away

Rental growth (12m)	-1%-1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+13%+13%

Property History

Price changed to £275,000

December 4, 2024

Listed for £300,000

February 15, 2024

Floor Plans

Description

*SIGNIFICANT PRICE IMPROVEMENT*A good size detached 3 bedroom cottage with 2 reception rooms and scope for modernisation in the centre of this sought after Quantock village with amenities close by. Retained features including inglenook fireplace, galley kitchen with range cooker, elevated south facing garden and importantly, off road parking. Early viewing recommended and NO ONWARD CHAIN. Freehold Council Tax Band C EPC: E.

Agent Details

Miles Estate Agents, Bishops Lydeard

01823 589553

Next Steps?

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

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