2 Bed Flat, Cash/Bridging Only, Taunton, TA1 1PS, £172,500

Firepool View, Taunton. NO CHAIN., TA1 1PS - a year ago

Sold STC
Leasehold
Cash
ROI: 7%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£58.8K - £211K
Sold Prices/m²£1.1K/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£166,315

 

 

End Value (After Refurb)

£190,123

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,125

Stamp Duty & Legal Fees

£10,775

Refurb Costs

£27,698

Bridging Loan Interest

£4,528

Total Cash In

£87,877

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£190,123

Mortgage (After Refinance)

£142,592

Mortgage LTV

75%

Cash Released

£13,217

Cash Left In

£74,659

Equity

£47,531

Rent Range

£850 - £2,700

Rent Estimate

£1,413

Running Costs/mo

£897

Cashflow/mo

£516

Cashflow/yr

£6,195

ROI

7%

Gross Yield

10%

Local Sold Prices

52 sold prices from £58.8K to £211K, average is £139K. £1.1K/m² to £3.2K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£172K07/210.01 mi4, Firepool View, Taunton, Somerset TA1 1PS2
£187K01/230.01 mi16, Firepool View, Taunton, Somerset TA1 1PS2
£159K11/200.01 mi36, Firepool View, Taunton, Somerset TA1 1PS2
£179K02/210.01 mi28, Firepool View, Taunton, Somerset TA1 1PS2
£147.5K01/210.05 mi2, Cunningham Court, Taunton, Somerset TA1 1AR2
£175K09/230.05 mi36, Cunningham Court, Taunton, Somerset TA1 1AR2
£165K01/230.05 mi35, Cunningham Court, Taunton, Somerset TA1 1AR2
£185K12/230.07 mi29, Firepool View, Taunton, Somerset TA1 1NY2
£211K11/230.1 mi52, Geoffrey Farrant Walk, Taunton, Somerset TA1 1PU2
£172.5K08/230.15 mi50, Firepool Crescent, Taunton, Somerset TA1 1AT2
£115K01/210.18 mi37, Winters Field, Taunton, Somerset TA1 1PY2
£138K09/230.29 miFlat 42, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£122.5K09/230.29 miFlat 27, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£122.5K08/210.29 miFlat 2, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£137K10/210.31 mi27, Wellesley Street, Taunton, Somerset TA2 7DS2
£170K06/230.33 mi5b, Grange Drive, Taunton, Somerset TA2 7DY2
£150K02/240.33 mi101, Massingham Park, Taunton, Somerset TA2 7TQ2
£148K12/220.34 mi97, Massingham Park, Taunton, Somerset TA2 7TQ2
£109K04/210.34 mi26, Massingham Park, Taunton, Somerset TA2 7TG2
£155K09/220.35 mi17, Massingham Park, Taunton, Somerset TA2 7TG2
£120K01/210.37 mi194, Massingham Park, Taunton, Somerset TA2 7TN2
£120K01/210.37 mi194, Massingham Park, Taunton, Somerset TA2 7TN2
£108K08/210.37 mi171, Massingham Park, Taunton, Somerset TA2 7TN2
£120K05/210.37 mi164, Massingham Park, Taunton, Somerset TA2 7TN2
£125K08/210.37 mi167, Massingham Park, Taunton, Somerset TA2 7TN2
£145K02/230.37 mi194, Massingham Park, Taunton, Somerset TA2 7TN2
£135K01/230.37 mi153, Massingham Park, Taunton, Somerset TA2 7TN2
£138K02/230.37 mi170, Massingham Park, Taunton, Somerset TA2 7TN2
£132K03/230.37 mi196, Massingham Park, Taunton, Somerset TA2 7TN2
£145K07/230.37 mi195, Massingham Park, Taunton, Somerset TA2 7TN2
£145K07/230.37 mi195, Massingham Park, Taunton, Somerset TA2 7TN2
£58.8K04/210.37 mi112, Massingham Park, Taunton, Somerset TA2 7TH2
£114K05/210.37 mi118, Massingham Park, Taunton, Somerset TA2 7TH2
£148K03/210.37 mi42b, Laburnum Street, Taunton, Somerset TA1 1LB2
£165K01/230.4 mi2, The Octagon, Taunton, Somerset TA1 1RT2
£120K10/200.41 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£150K09/230.41 mi9, The Octagon, Taunton, Somerset TA1 1RT2
£136K09/230.42 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£138K03/230.47 mi5, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£128.5K06/210.48 mi3, Rupert Street, Taunton, Somerset TA2 6JT2
£138K04/210.48 mi1, Rupert Street, Taunton, Somerset TA2 6JT2
£138K04/210.48 mi1, Rupert Street, Taunton, Somerset TA2 6JT2
£125K09/220.48 mi35b, Greenway Road, Taunton, Somerset TA2 6LA2
£117.5K11/200.48 mi2a, Lyngford Road, Taunton, Somerset TA2 7EG2
£112.5K11/200.48 mi10, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£130K10/210.49 mi39, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£150K04/230.49 mi38, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£160K12/230.49 mi44, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£160K12/230.49 mi44, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£140K10/200.5 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£155K03/230.5 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£170K07/230.51 mi63b, George Street, Taunton, Somerset TA2 7DG2

Local Rents

40 rents from £850/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10009/240.01 miFirepool View, TAUNTON2
£95003/250.11 mi-2
£1,10009/240.14 mi-2
£85011/240.26 mi-2
£95009/240.27 miTaunton2
£99509/240.29 miPriory Avenue, Taunton2
£90009/240.33 miMassingham Park, Taunton2
£1,10009/240.33 miMassingham Park, TAUNTON2
£95009/240.33 miMassingham Park, Taunton2
£89509/240.34 mi-2
£1,50009/240.34 mi-2
£1,70003/250.34 mi-2
£90009/240.34 miNorth Taunton, Somerset2
£90009/240.34 miMassingham Park, Taunton2
£85009/240.37 miMiddle Street, Taunton, TA12
£92509/240.41 miThe Octagon, Taunton, Somerset, TA12
£1,55009/240.41 miCoal Orchard, TAUNTON2
£1,60009/240.42 miCoal Orchard, TAUNTON2
£1,10003/250.42 mi-2
£1,20009/240.43 mi-2
£1,20012/240.43 mi-2
£1,20009/240.43 miGloucester Street, TAUNTON2
£2,70009/240.44 mi-2
£2,70011/240.44 mi-2
£2,70002/250.44 mi-2
£2,70003/250.44 mi-2
£89509/240.44 miBelgrave Place, Taunton, TA22
£2,70009/240.47 mi-2
£2,70012/240.47 mi-2
£2,70002/250.47 mi-2
£2,70003/250.47 mi-2
£1,10009/240.48 miRupert Street, Taunton TA12
£1,20009/240.48 mi-2
£95009/240.51 miEast Reach, Taunton2
£1,00012/240.52 mi-2
£1,20009/240.52 mi-2
£1,15012/240.54 mi-2
£99504/250.59 mi-2
£1,10009/240.6 mi-2
£89509/240.61 miUpper Wood Street, Taunton, TA12

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.56 miles away

Nearest school

0.40 miles away

Nearest train station

0.29 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 £172,500

December 19, 2024

Listed for £185,000

March 28, 2024

Floor Plans

Description

  • Top Floor Apartment +
  • No Onward Chain +
  • Allocated Parking +
  • Close To Train Station +
  • Two Double Bedrooms +
  • WATCH THE VIDEO +

This is a fantastic opportunity to purchase this two double bedroom, top floor apartment, being sold with no onward chain! The property further benefits from an allocated parking space, close to the town centre and walking distance to the train station. Call now to book your viewing!!! *WATCH THE VIDEO*

ENTRANCE HALL Double door storage utility cupboard. Doors to...

KITCHEN/LIVING AREA 23' 1'' x 12' 9'' (Max) (7.03m x 3.88m) Open plan, with door opening onto Juliet balcony.

BEDROOM ONE 10' 0'' x 9' 11'' (3.05m x 3.02m) With door to en-suite.

EN-SUITE With shower, sink and toilet.

BEDROOM TWO 11' 4'' x 8' 6'' (3.45m x 2.59m)

BATHROOM With bath, sink and toilet.

COMMUNAL BIKE STORE Secure (keypad entry) bike store.

STORAGE UNIT Additional storage is provided in the form of a storage unit held within the bottom floor of the building, secure key code entry to room and key to unit.

COMMUNAL BIN STORE Bin store provided, with good number of large bins and recycling facilities.

PARKING Allocated parking space to the rear of the building.

IMPORTANT NOTICE: The Property Centre 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 The Property Centre has any authority to make or give any representations or warranty whatever in relation to this property on behalf of The Property Centre, 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 March 2024.

MEASUREMENTS AND OTHER INFORMATION: All measurements are approximate. While we endeavour to make our sales particulars 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. A Buyer is advised to obtain verification from their Solicitor.

Agent Details

The Property Centre, Taunton

01823 589603

Next Steps?

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