3 Bed Detached House, Refurb/BRRR, Taunton, TA4 4AZ, £385,000

Crowcombe, Taunton, TA4 4AZ - a year ago

Refurb/BRRR
Planning
~88 m²
+11 photos

ValuationOvervalued

Sold Prices£106K - £790K
Sold Prices/m²£1.2K/m² - £4.5K/m²

 

 

Square Metres

~87.60 m²
Price/m²£4.4K/m²

Value Estimate

£272,378

 

 

End Value (After Refurb)

£347,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£29,700

Refurb Costs

£35,794

Bridging Loan Interest

£10,106

Total Cash In

£173,600

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£347,500

Mortgage (After Refinance)

£260,625

Mortgage LTV

75%

Cash Left In

£173,600

Equity

£86,875

Rent Range

£925 - £2,250

Rent Estimate

£1,294

Running Costs/mo

£1,365

Cashflow/mo

£-71

Cashflow/yr

£-849

Gross Yield

4%

Local Sold Prices

10 sold prices from £106K to £790K, average is £363.5K. £1.2K/m² to £4.5K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£351K06/210.59 mi8, Brendon View, Crowcombe, Taunton, Somerset TA4 4AG3
£347.5K05/210.91 mi5, Pound Orchard, Crowcombe, Taunton, Somerset TA4 4AR3
£376K08/230.91 mi5, Pound Orchard, Crowcombe, Taunton, Somerset TA4 4AR3
£106K07/231.62 mi1, Waverdine Court, Stogumber, Taunton, Somerset TA4 3UB3
£510K06/231.67 mi6, Combe Close, Bicknoller, Taunton, Somerset TA4 4EP3
£790K08/211.73 mi14, Dashwoods Lane, Bicknoller, Taunton, Somerset TA4 4EQ3
£315K11/231.84 miShasta Cottage, Vellow Road, Stogumber, Taunton, Somerset TA4 3TL3
£300K12/231.89 mi11, Sawpits Close, Stogumber, Taunton, Somerset TA4 3TX3
£725K08/211.9 mi4, Kings Acre, Crowcombe Heathfield, Taunton, Somerset TA4 4BX3
£645K03/211.95 miOldway House, Old Way, Stogumber, Taunton, Somerset TA4 3SX3

Local Rents

10 rents from £925/mo to £2.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00002/240.52 mi-1
£1,00002/240.52 mi-1
£1,08309/240.52 mi-1
£1,08309/240.52 mi-1
£1,00009/240.62 miCrowcombe2
£92509/240.99 miStogumber, Taunton3
£1,49509/241.44 mi Crowcombe, Taunton, TA43
£95009/241.82 miRexton, Nr Lydeard St Lawrence3
£1,65009/242.12 miHigher Vexford Farm4
£2,25009/242.48 miHolford, Bridgwater3

Local Area Statistics

Population in TA4

19,149

Population in Taunton

85,088

Town centre distance

10.26 miles away

Nearest school

1 miles away

Nearest train station

9.69 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £385,000

April 29, 2024

Floor Plans

Description

  • Delightful Grade II Listed Detached Cottage +
  • Rural Position At The Foot of the Quantocks +
  • Planning Granted for Substantial Extension +
  • Sitting Room with Inglenook Fireplace +
  • Application Number 3/07/22/016 +
  • Two Bedrooms & Single Bedroom/Nursery +
  • Garage & Off Road Parking +
  • Delightful Gardens Overlooking Fields +
  • In Need Of Modernisation +
  • Freehold, Council Tax Band D +

A charming, Grade II Listed, detached period three bedroom cottage, situated in a popular rural position at the foot of the Quantock Hills with planning permission granted for a substantial extension. Council Tax band D, EPC Grade II exempt, Freehold

Situation - The property is situated just off of a very small country lane and overlooks fields and enjoys views over the Quantock Hills. Close to Crowcombe which is generally regarded as one of the most popular Quantock Hills villages set well away from busy roads, resting on the lower slopes of the hills and proudly boosting a wealth of picture postcard and other fine properties. Other village amenities include the community operated Post Office/Stores, Primary School, Carew Arms Public House, Church and Community Hall. Beyond the hills is the West Somerset coastline leading towards Minehead. This is also the ideal area to explore the Bredon Hills and the Exmoor National Park. Taunton the county town is eleven miles away with an excellent range of amenities and the railway links to London Paddington in less than two hours, as well as easy access to the M5 motorway.

Description - Thatch Cottage is a pretty detached Grade II Listed period cottage with rendered colour washed elevations under a thatched roof, which has recently been re-ridged. The cottage retains many features of the period and requires modernisation but has the benefit of planning permission which has been granted for the erection of a two storey contemporary extension. Planning Reference 03/07/22/016

Accommodation - The accommodation includes an entrance porch leading to an original cross passage hall with doors to the reception rooms. The sitting room features a deep inglenook fireplace with a wood burning stove, bread oven and heavy beam over and beamed ceilings and front aspect window. A door from the sitting room provides access to a spiral staircase that leads to the first floor. The kitchen has been fitted for a range of modern shaker style wall and base units, granite effect worktops, two ring induction hob, Everhot range cooker, plumbing space for a dishwasher/washing machine and a front aspect window and beamed ceiling. There is a ground floor shower room that has recently been updated which includes electric underfloor heating and towel rail and comprises low level WC, wash basin, tiled walls and floor and a window to the side.

On the first floor there is a landing which provides access to two of the bedrooms. The master bedroom has a built-in double wardrobe, built-in cupboard, window to the front with views and door to the dressing room, which could be used as a single bedroom
ursery, with a window to the front and double doors to the airing cupboard. There is a second bedroom, which has a window to the side.

Outside - At the front of the house there a driveway with parking for a number of vehicles and a single detached garage with an electric roller door and light and power connected. The front garden is laid to lawn surrounded by deep planted borders, there is access on both sides of the property with areas of lawn leading to the rear garden which is laid to lawn. There is a generous log and bin store. The house enjoys outstanding views over the fields at the rear and enjoys spectacular views towards the Quantock Hills.

Planning Permission - Somerset West and Taunton District Council granted Approval of Full Planning Permission for replacement of single storey extension to the rear on 3rd January 2023 under Ref No. 3/07/22/015. Copies of the planning permission and all the relevant documents are available from the Somerset Council planning portal (

Services - Mains electricity. Private drainage and water. Standard broadband available (Ofcom), mobile signal likely available outdoors (Ofcom). Please note the agents have not inspected or tested the services.

Directions - Proceed from Taunton on the A358 towards Minehead. Proceed past the two turnings for Crowcombe and upon reaching the second turning to Crowcombe proceed along this road for a short distance taking the first turning left. Follow this road and Thatch Cottage can be identified as being the first property on the right hand side.

Agent Details

Stags, Taunton

01823 217460

Next Steps?

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