3 Bed Semi-Detached House, Refurb/BRRR, Taunton, TA1 3BZ, £325,000

2 Tamar Avenue, Taunton, TA1 3BZ - 2 views - a year ago

Refurb/BRRR
~175 m²
+10 photos

ValuationFair Value

Sold Prices£207.5K - £460K
Sold Prices/m²£1.9K/m² - £4.4K/m²

 

 

Square Metres

~175.10 m²
Price/m²£1.9K/m²

Value Estimate

£331,500

 

 

End Value (After Refurb)

£563,306

Uplift in Value

+73%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£71,207

Bridging Loan Interest

£8,531

Total Cash In

£177,439

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£563,306

Agent Fees (1%)

£5,633

Bridging Loan

£243,750

Bridging Loan Interest

£8,531

Flip Profit

£136,485

Local Sold Prices

50 sold prices from £207.5K to £460K, average is £311.3K. £1.9K/m² to £4.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£355K12/220.05 mi21, Tamar Avenue, Taunton, Somerset TA1 3BY3
£337K02/210.1 mi3, Fullands Avenue, Taunton, Somerset TA1 3DE3
£395K04/210.11 mi4, Gordons Close, Taunton, Somerset TA1 3DA3
£450K08/230.11 mi12, Gordons Close, Taunton, Somerset TA1 3DA3
£460K05/230.12 mi2, Stoke Road, Taunton, Somerset TA1 3EJ3
£395K03/240.13 mi52, Fremantle Road, Taunton, Somerset TA1 3BS3
£377.5K07/230.17 mi45, Mountfields Avenue, Taunton, Somerset TA1 3BW3
£365K10/230.19 mi27, Woodrush Close, Taunton, Somerset TA1 3XB3
£300K07/230.2 mi10, The Oaks, Taunton, Somerset TA1 2QX3
£425K03/230.2 mi17, The Oaks, Taunton, Somerset TA1 2QX3
£380K05/230.2 mi4, The Oaks, Taunton, Somerset TA1 2QX3
£375K12/230.2 mi12, Mountfields Road, Taunton, Somerset TA1 3BQ3
£410K07/230.21 mi33, Killams Crescent, Taunton, Somerset TA1 3YB3
£291K10/200.21 mi33, Killams Crescent, Taunton, Somerset TA1 3YB3
£415K03/230.22 mi32, Kingsway, Taunton, Somerset TA1 3YD3
£360K04/230.22 mi8, Kingsway, Taunton, Somerset TA1 3YD3
£284K06/230.22 mi18, Bilberry Grove, Taunton, Somerset TA1 3XN3
£282.5K10/210.22 mi4, Sundew Close, Taunton, Somerset TA1 3XH3
£270K04/240.26 mi55, Calway Road, Taunton, Somerset TA1 3EG3
£238.5K07/230.26 mi9, Celandine Mead, Taunton, Somerset TA1 3XF3
£273K05/210.26 mi3, Saffron Close, Taunton, Somerset TA1 3XW3
£312.5K01/210.27 mi74, Stoke Road, Taunton, Somerset TA1 3EL3
£375K02/230.27 mi83, Stoke Road, Taunton, Somerset TA1 3EL3
£267.5K11/230.28 mi3, Bluebell Close, Taunton, Somerset TA1 3XQ3
£238.5K02/210.28 mi19, Bluebell Close, Taunton, Somerset TA1 3XQ3
£272K02/210.28 mi12, Bluebell Close, Taunton, Somerset TA1 3XQ3
£265K04/240.31 mi2, Sycamore Close, Taunton, Somerset TA1 2QJ3
£207.5K12/200.31 mi14, Sycamore Close, Taunton, Somerset TA1 2QJ3
£350K12/220.31 mi25, Fields End, Taunton, Somerset TA1 2LU3
£310K12/200.31 mi3, Killams Avenue, Taunton, Somerset TA1 3YE3
£260K01/230.32 mi9, Holly Close, Taunton, Somerset TA1 2QW3
£260K07/210.35 mi16, Bishop Fox Drive, Taunton, Somerset TA1 3HQ3
£340K11/210.37 mi7, Hillyfields, Taunton, Somerset TA1 2LU3
£385K12/220.37 mi1, Hillyfields, Taunton, Somerset TA1 2LU3
£246K06/230.37 mi12, Hawthorn Road, Taunton, Somerset TA1 2QS3
£245K11/230.42 mi14, Juniper Road, Taunton, Somerset TA1 2QD3
£340K06/210.43 mi44, Dunkleys Way, Taunton, Somerset TA1 2LX3
£310K08/230.43 mi30, Dunkleys Way, Taunton, Somerset TA1 2LX3
£277.5K04/210.43 mi21, Dunkleys Way, Taunton, Somerset TA1 2LX3
£340K08/230.43 mi54, Dunkleys Way, Taunton, Somerset TA1 2LX3
£315K05/240.43 mi5, Dunkleys Way, Taunton, Somerset TA1 2LX3
£383K06/210.43 mi26, Killams Green, Taunton, Somerset TA1 3YQ3
£275K08/230.46 mi71, Upper Holway Road, Taunton, Somerset TA1 2QA3
£232K10/230.49 mi70, Rowan Drive, Taunton, Somerset TA1 2QL3
£240K10/230.49 mi60, Rowan Drive, Taunton, Somerset TA1 2QL3
£320K05/240.5 mi31, Upper Holway Road, Taunton, Somerset TA1 2HF3
£235K10/210.51 mi10, Lilac Close, Taunton, Somerset TA1 2QB3
£362.5K09/230.51 mi18, Holway Hill, Taunton, Somerset TA1 2HB3
£250K09/230.52 mi33, Bramble Park, Taunton, Somerset TA1 2QT3
£272.5K08/230.52 mi2, Bramble Park, Taunton, Somerset TA1 2QT3

Local Rents

21 rents from £1.2K/mo to £2.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30011/240.15 mi-3
£1,20009/240.22 miBilberry Grove, Taunton, TA13
£1,40009/240.27 mi-3
£1,32509/240.63 miPoplar Road, Taunton TA13
£1,20009/240.74 miParmin Way, TA1 3
£1,40009/240.83 mi-3
£1,25009/240.83 miAshbourne Crescent, Taunton3
£1,20009/240.85 miAshbourne Crescent, Taunton3
£1,40008/240.86 mi-3
£1,75009/240.95 miPikes Crescent, Taunton, TA13
£1,40010/240.98 mi-3
£1,47504/250.98 mi-3
£1,35009/241.05 miThames Drive, Taunton3
£1,25005/241.05 mi-3
£1,95012/241.09 mi-3
£2,70009/241.11 mi-3
£2,70012/241.11 mi-3
£2,70002/251.11 mi-3
£2,70003/251.11 mi-3
£1,90011/241.19 mi-3
£1,70004/251.19 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.96 miles away

Nearest school

0.40 miles away

Nearest train station

1.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £325,000

May 17, 2024

Floor Plans

Description

  • A semi detached, older style property +
  • Requiring general modernisation and improvements +
  • Highly sought after location off Shoreditch Road +
  • lounge and separate dining room +
  • Conservatory and kitchen +
  • 3 bedrooms and bathroom to the first floor +
  • Double glazing and gas heating +
  • Mature, established front and rear gardens +
  • Garage and driveway +
  • An early viewing is strongly advised +

A rare and exciting opportunity has arisen to own a piece of history! This charming semi-detached family home has been lovingly maintained by the same family for over 40 years and is now on the market for the first time. Located in a desirable area off Shoreditch Road, this property boasts a unique blend of classic character and potential for modernisation.

As you step inside, you'll be greeted by a warm and welcoming entrance hallway with stairs leading up to the first floor. The ground floor features a cozy lounge and separate dining room, perfect for entertaining or everyday living. And with a conservatory to the rear, you'll enjoy an abundance of natural light and stunning views of the mature gardens.

The first floor is home to three spacious bedrooms and a modern bathroom, providing ample space for the whole family. And outside, you'll find a generous front and rear garden, complete with mature plants, a grass lawn, garage, and driveway - providing ample parking and storage.

While the property requires some general modernization, it's the perfect blank canvas for your own creative vision. With its rich history and potential for renovation, this house is sure to make a statement. Don't miss out on this rare opportunity - book your viewing today!

Agent Details

Wilsons, Taunton

01823 589591

Next Steps?

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