4 Bed Terraced House, Cash/Bridging Only, Taunton, TA2 6FG, £350,000

Chapples Close, Taunton., TA2 6FG - 1 views - a year ago

Sold STC
Cash
~129 m²
+10 photos

ValuationUndervalued

Sold Prices£220K - £650K
Sold Prices/m²£2.2K/m² - £4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.7K/m²

Value Estimate

£360,500
BMV3%

 

 

End Value (After Refurb)

£379,144

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£52,565

Bridging Loan Interest

£9,188

Total Cash In

£167,702

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£379,144

Mortgage (After Refinance)

£284,358

Mortgage LTV

75%

Cash Released

£21,858

Cash Left In

£145,844

Equity

£94,786

Rent Range

£565 - £2,950

Rent Estimate

£1,171

Running Costs/mo

£1,439

Cashflow/mo

£-268

Cashflow/yr

£-3,216

Gross Yield

4%

Local Sold Prices

24 sold prices from £220K to £650K, average is £347.5K. £2.2K/m² to £4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£220K12/200.1 mi36, Dragon Rise, Taunton, Somerset TA2 6FB4
£425K12/220.13 mi51, Port Stanley Close, Norton Fitzwarren, Taunton, Somerset TA2 6FD4
£380K10/200.16 miKernow House, 15, Dabinett Close, Norton Fitzwarren, Taunton, Somerset TA2 6RT4
£310K06/210.18 mi48, Collett Road, Norton Fitzwarren, Taunton, Somerset TA2 6DD4
£350K12/230.18 mi46, Collett Road, Norton Fitzwarren, Taunton, Somerset TA2 6DD4
£330K07/230.18 mi48, Collett Road, Norton Fitzwarren, Taunton, Somerset TA2 6DD4
£258K11/200.2 mi12, Taylor Close, Norton Fitzwarren, Taunton, Somerset TA2 6TA4
£345K02/210.34 miSunnymede, Cross Keys, Norton Fitzwarren, Taunton, Somerset TA2 6NR4
£293K04/240.36 mi40, Grove Gate, Staplegrove, Taunton, Somerset TA2 6DF4
£268.5K08/210.36 mi130, Grove Gate, Staplegrove, Taunton, Somerset TA2 6DF4
£292K09/230.37 mi39, Grove Gate, Staplegrove, Taunton, Somerset TA2 6DE4
£340K06/210.47 mi9, Nash Green, Staplegrove, Taunton, Somerset TA2 6BZ4
£360K06/210.47 mi23, Nash Green, Staplegrove, Taunton, Somerset TA2 6BZ4
£375K08/230.47 mi3, Nash Green, Staplegrove, Taunton, Somerset TA2 6BZ4
£385K02/210.5 mi3, Staplegrove Cottages, Staplegrove, Taunton, Somerset TA2 6AW4
£320K07/230.58 mi12, Hudson Way, Taunton, Somerset TA2 6UH4
£320K07/230.58 mi12, Hudson Way, Taunton, Somerset TA2 6UH4
£450K02/230.76 mi6, Rectory Road, Staplegrove, Taunton, Somerset TA2 6EL4
£292.5K03/210.76 mi69, Scott Close, Taunton, Somerset TA2 6UL4
£650K10/230.84 mi17, Haydon Close, Bishops Hull, Taunton, Somerset TA1 5HF4
£491.5K03/210.89 mi51, Bishops Hull Road, Bishops Hull, Taunton, Somerset TA1 5EP4
£450K02/210.9 mi199, Staplegrove Road, Taunton, Somerset TA2 6AG4
£525K06/210.9 mi245, Staplegrove Road, Taunton, Somerset TA2 6AG4
£350K02/210.99 mi68, Quartly Drive, Bishops Hull, Taunton, Somerset TA1 5BF4

Local Rents

51 rents from £565/mo to £3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,20009/240.09 miApple Tree Close, Norton Fitzwarren, TAUNTON2
£1,10002/250.1 mi-2
£85009/240.11 miApple Tree Close, Norton Fitzwarren, Taunton, Somerset, TA21
£99002/240.12 mi-2
£1,60009/240.18 miCollett Road, Norton Fitzwarren, TAUNTON4
£1,25010/230.19 mi-4
£92509/240.26 mi-2
£92509/240.26 mi-2
£92507/240.26 mi-2
£98509/240.28 miMorse Road, Norton Fitzwarren, Taunton1
£1,10009/240.32 miMorse Road, Norton Fitzwarren, Taunton2
£95002/240.34 mi-2
£1,70009/240.36 miGrove Gate 4
£1,10001/240.37 mi-2
£69502/240.4 mi-1
£95012/230.4 mi-2
£95001/240.4 mi-2
£1,15009/240.43 mi-3
£1,27511/240.43 mi-3
£90009/240.45 miMarshall Court, Norton Fitzwarren, Somerset2
£97504/250.87 mi-2
£99509/240.87 miHamwood, Taunton2
£95009/240.87 miMonmouth Court, Bindon Road, Taunton, Somerset, TA22
£1,30009/240.88 miBishops Hull Hill, Bishops Hull, Taunton2
£1,09509/240.9 miStaplegrove Road, TAUNTON2
£99502/250.96 mi-2
£75009/241.01 miFalcon Court, Heron Drive, Bishops Hull, Taunton, Somerset 1
£85009/241.05 miMountway Road 1
£2,95009/241.05 miManor Meadow, Staplegrove5
£65002/251.11 mi-2
£90009/241.15 miRichmond Road 2
£1,25009/241.18 miRichmond Road, Taunton, TA13
£1,10009/241.21 miRichmond Road, TAUNTON2
£75003/251.21 mi-2
£85004/251.22 mi-1
£1,05009/241.22 miHele Manor Barns, Taunton, TA43
£1,30009/241.25 miHele Manor Barns, Hele, Taunton, TA43
£92509/241.26 miWoodstock Road, Taunton, TA12
£1,35009/241.27 miWoodstock Road3
£99509/241.32 miHele Manor Barns, Hele, Taunton, TA42
£2,00009/241.33 miFrench Weir Avenue 5
£1,50009/241.34 miTaunton, TA13
£1,75009/241.37 miTaunton4
£77509/241.41 miGreenway Avenue, Taunton1
£95001/251.42 mi-1
£1,07509/241.43 miHilary Road, TAUNTON2
£1,20009/241.43 mi-2
£1,10009/241.43 miRupert Street, Taunton TA12
£60009/241.44 miKingston Road, Taunton1
£1,75009/241.47 miManor Orchard, Taunton, TA13
£56502/241.49 mi-1

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

2.03 miles away

Nearest school

0.30 miles away

Nearest train station

1.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £350,000

April 12, 2024

Floor Plans

Description

  • Over 1300 Square Foot +
  • Driveway And Garage +
  • No Onward Chain +
  • Three/Four Double Bedrooms +
  • Versatile Living Space +

Welcome to Chapples Close. This larger than average, adaptable, three bedroom home. Boasting over 1300 square foot of internal living space, situated across three floors. Offering a versatile way of living with three double bedrooms, potential for a fourth and three reception rooms. Having been lovingly cared for by the current owner, it is in pristine condition! Being sold with no onward chain. Call now to book your viewing!!!

Front With driveway and garage.

Entrance Hall With access to garage, utility, bedroom four/snug, W.C/shower room and stairs to first floor.

Bedroom Four/Snug 10' 7" x 10' 3" With French doors to rear garden.

Utility 10' 3" x 6' 2" With door to rear garden.

W.C/Shower Room With shower, sink and toilet.

First Floor Landing Leading to living room, kitchen/diner, stairs to second floor and W.C.

Living Room 17' 4" x 10' 10" With French doors to balcony.

Kitchen/Diner 17' 4" x 10' 3" With Juliet balcony.

W.C With sink and toilet.

Second Floor Landing Leading to bedrooms and bathroom.

Bedroom One 12' 7" x 10' 3" With built in wardrobe and en-suite.

En-Suite With shower, sink and toilet.

Bedroom Two 11' 2" x 9' 8"

Bedroom Three 11' 2" x 7' 8"

Bathroom With shower, sink and toilet.

Garden

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 April 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. The agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

Agent Details

The Property Centre, Taunton

01823 589603

Next Steps?

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