4 Bed Detached House, Refurb/BRRR, Taunton, TA1 4HP, £550,000

2 Highlands, Taunton, TA1 4HP - 4 views - 10 months ago

Refurb/BRRR
~199 m²
+20 photos

ValuationFair Value

Sold Prices£150K - £850K
Sold Prices/m²£1.3K/m² - £5.7K/m²

 

 

Square Metres

~198.80 m²
Price/m²£2.8K/m²

Value Estimate

£555,500

 

 

End Value (After Refurb)

£667,095

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£80,845

Bridging Loan Interest

£14,438

Total Cash In

£267,233

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£667,095

Mortgage (After Refinance)

£500,321

Mortgage LTV

75%

Cash Released

£87,821

Cash Left In

£179,411

Equity

£166,774

Rent Range

£1,200 - £2,100

Rent Estimate

£1,555

Running Costs/mo

£2,416

Cashflow/mo

£-861

Cashflow/yr

£-10,328

Gross Yield

3%

Local Sold Prices

50 sold prices from £150K to £850K, average is £450K. £1.3K/m² to £5.7K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£385K03/210.14 mi7, Princess Road, Taunton, Somerset TA1 4SY4
£525K01/230.15 mi5, Haines Park, Taunton, Somerset TA1 4RQ4
£440K03/210.15 mi1, Haines Park, Taunton, Somerset TA1 4RQ4
£515K06/210.19 mi26, Haines Park, Taunton, Somerset TA1 4RG4
£520K05/230.19 mi30, Haines Park, Taunton, Somerset TA1 4RG4
£465K10/230.19 mi12, Haines Park, Taunton, Somerset TA1 4RG4
£387.5K03/210.19 mi2, Haines Park, Taunton, Somerset TA1 4RG4
£475K11/210.2 mi44, Middleway, Taunton, Somerset TA1 3QJ4
£650K07/210.25 mi48, Batts Park, Taunton, Somerset TA1 4RE4
£350K03/210.28 mi25, Parkfield Crescent, Taunton, Somerset TA1 4RZ4
£392K07/230.29 mi15, The Spinney, Taunton, Somerset TA1 4RY4
£475K10/200.29 mi14, The Spinney, Taunton, Somerset TA1 4RY4
£618K08/230.29 mi10, Mount Nebo, Taunton, Somerset TA1 4HG4
£360K06/210.31 mi4, Manor Close, Taunton, Somerset TA1 4RS4
£560.9K10/210.31 mi41, Queens Drive, Taunton, Somerset TA1 4XW4
£470K10/200.31 mi7, Queens Drive, Taunton, Somerset TA1 4XW4
£545K02/210.31 mi37, Queens Drive, Taunton, Somerset TA1 4XW4
£535K06/210.35 mi10, Parkfield Crescent, Taunton, Somerset TA1 4RX4
£380K12/220.4 mi8, Wilton Close, Taunton, Somerset TA1 4EZ4
£150K06/210.4 mi128, Galmington Road, Taunton, Somerset TA1 5DW4
£650K01/210.42 mi6, Osborne Grove, Taunton, Somerset TA1 4RN4
£475K02/210.42 mi1, Ferndale Drive, Taunton, Somerset TA1 4QU4
£350K12/210.5 mi13, Langham Drive, Taunton, Somerset TA1 4LJ4
£565K06/210.51 mi1, Parkfield Road, Taunton, Somerset TA1 4RL4
£485K07/210.53 mi16, Parkfield Drive, Taunton, Somerset TA1 5BT4
£540K04/210.53 mi8, Parkfield Drive, Taunton, Somerset TA1 5BT4
£395K11/210.55 mi9, Wiltshire Close, Taunton, Somerset TA1 4JR4
£350K01/230.55 mi2, Bowfell Close, Taunton, Somerset TA1 4JP4
£425K12/220.56 mi21, Manor Road, Taunton, Somerset TA1 5BG4
£400K03/230.58 mi2, Kingsley Close, Taunton, Somerset TA1 4LQ4
£555K06/210.58 mi12, Manor Road, Taunton, Somerset TA1 5BD4
£520K09/230.6 mi19, Galmington Lane, Taunton, Somerset TA1 5DG4
£370K02/240.61 mi11, Mount Street, Taunton, Somerset TA1 3QB4
£399.9K02/230.64 mi1, St Georges Square, Taunton, Somerset TA1 3RX4
£389K11/230.64 mi11, St Georges Square, Taunton, Somerset TA1 3RX4
£410K01/210.67 mi38, Ashley Road, Taunton, Somerset TA1 5BP4
£377.8K03/210.67 mi22, Ashley Road, Taunton, Somerset TA1 5BP4
£383K10/230.71 mi6, Bovet Close, Taunton, Somerset TA1 4NY4
£454K03/210.71 mi15, Pope Close, Taunton, Somerset TA1 4YE4
£450K11/230.71 mi23, Pope Close, Taunton, Somerset TA1 4YE4
£420K02/230.71 mi18, Claremont Drive, Taunton, Somerset TA1 4JF4
£430K09/230.72 mi6, Claremont Drive, Taunton, Somerset TA1 4JF4
£400K03/230.72 mi14, Claremont Drive, Taunton, Somerset TA1 4JF4
£850K06/230.72 mi24, Comeytrowe Lane, Taunton, Somerset TA1 5PA4
£720K12/230.72 miHarcombe House, Honiton Road, Trull, Taunton, Somerset TA3 7JW4
£850K12/220.73 miHartknoll, Wild Oak Lane, Trull, Taunton, Somerset TA3 7JT4
£450K10/230.75 mi63, St Josephs Field, Taunton, Somerset TA1 3TF4
£472K07/230.78 miHolly Croft House, New Road, Trull, Taunton, Somerset TA3 7NJ4
£345K09/210.8 mi98, Wellington Road, Taunton, Somerset TA1 5LA4
£420K02/230.83 mi17, Glasses Mead, Taunton, Somerset TA1 5QH4

Local Rents

22 rents from £1.2K/mo to £2.1K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,25005/240.12 mi-3
£1,40009/240.19 mi-3
£1,75009/240.21 miPikes Crescent, Taunton, TA13
£1,90011/240.24 mi-3
£1,70003/250.27 mi-4
£1,95001/250.33 mi-3
£1,75009/240.5 miManor Orchard, Taunton, TA13
£1,30006/240.57 mi-3
£1,35009/240.62 miBradford Close, Taunton, Somerset, TA13
£1,50009/240.64 miTaunton, TA13
£1,95009/240.79 miKings Square, TAUNTON4
£1,30009/240.8 mi-3
£2,10006/230.83 mi-4
£1,35009/240.86 miSheldon Court, Taunton3
£1,40009/240.87 mi-3
£2,00009/240.96 miFrench Weir Avenue 5
£1,40008/241.05 mi-3
£1,35009/241.07 miWoodstock Road3
£1,25009/241.1 miRichmond Road, Taunton, TA13
£1,99908/241.11 mi-5
£1,20009/241.19 miBilberry Grove, Taunton, TA13
£1,40009/241.19 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.86 miles away

Nearest school

0.30 miles away

Nearest train station

1.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £550,000

May 24, 2024

Floor Plans

Description

  • ART DECO DETACHED HOUSE +
  • 4 BEDROOMS +
  • ENCLOSED ESTABLISHED GARDENS OF 1/4 ACRE +
  • GARAGE AND AMPLE DRIVEWAY PARKING +
  • USEFUL OUTBUILDING / GARAGE / WORK ROOM +
  • CASTLE SCHOOL CATCHMENT +
  • NO ONWARD CHAIN +

Located in the ever popular Highlands in Sherford, within easy reach of the town centre and walking distance of Vivary Park is this 4 bedroomed Art-Deco detached house now in need of modernisation with enclosed garden to rear of quarter of an acre, garage, useful outbuilding and ample driveway parking. No onward chain.

The accommodation comprises Entrance Hall, Living Room, Lounge, Dining Room with door to garden, Kitchen with door to garden, Shower Room, Master Bedroom with door to South West facing Balcony, 3 Further Bedrooms, Bathroom, WC and Loft Room.

Highlands is situated within easy reach of the centre of Taunton, the County Town of Somerset. The town is a bustling, forward-looking town with excellent amenities, a good selection of independent and high street shops, distinctive restaurants, cafés, a wealth of history and sporting facilities including the County Cricket Ground.

Taunton benefits from a main line railway station linking to London Paddington in less than 2 hours and excellent communications for the M5 motorway at junction 25, situated on the eastern side of the town.

Taunton also offers a good selection of both state and independent schools including Castle School, Taunton School, King’s and Queen’s Colleges and Richard Huish Sixth Form College.

- Council tax band F
- Mobile availability - visit checker.ofcom.org.uk for specific details
- What3words: ///invite.hands.limes

Agent Details

Robert Cooney, Taunton

01823 589485

Next Steps?

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