4 Bed Detached House, Refurb/BRRR, Taunton, TA1 5JL, £425,000

3 Jeffrey Way, Southampton, SO14 5LT - 18 views - 10 months ago

Refurb/BRRR

~157 m²

+14 photos

ValuationFair Value

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

Square Metres	~157.47 m²
Price/m²	£2.7K/m²
Value Estimate	£433,500£433,500

End Value (After Refurb)	£577,796£577,796
Uplift in Value	+36%+36%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£106,250£106,250
Stamp Duty & Legal Fees	£22,700£22,700
Refurb Costs	£64,038£64,038
Bridging Loan Interest	£11,156£11,156
Total Cash In	£205,894£205,894

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£577,796£577,796
Agent Fees (1%)	£5,778£5,778
Bridging Loan	£318,750£318,750
Bridging Loan Interest	£11,156£11,156
Flip Profit	£47,374£47,374

Local Sold Prices

29 sold prices from £150K to £850K, average is £420K. £1.3K/m² to £5.7K/m², average is £3.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£425K	12/20	0.2 mi	8, Stonegallows, Taunton, Somerset TA1 5JN	£3,244	131	4	Detached House
£465K	03/23	0.33 mi	62, Bakers Close, Bishops Hull, Taunton, Somerset TA1 5HD	-	-	4	Detached House
£440K	04/23	0.34 mi	24, Comeytrowe Rise, Taunton, Somerset TA1 5JA	-	-	4	Detached House
£350K	02/21	0.39 mi	68, Quartly Drive, Bishops Hull, Taunton, Somerset TA1 5BF	-	-	4	Detached House
£450K	01/23	0.42 mi	1, Glasses Mead, Taunton, Somerset TA1 5QH	-	-	4	Detached House
£280K	05/21	0.42 mi	4, Lloyd Close, Taunton, Somerset TA1 5QU	£3,373	83	4	Semi-Detached House
£420K	02/21	0.46 mi	28, Glasses Mead, Taunton, Somerset TA1 5QH	£3,500	120	4	Detached House
£420K	02/23	0.46 mi	17, Glasses Mead, Taunton, Somerset TA1 5QH	-	-	4	Detached House
£415K	04/21	0.47 mi	5, Jarmyns, Bishops Hull, Taunton, Somerset TA1 5HG	£3,739	111	4	Detached House
£491.5K	03/21	0.52 mi	51, Bishops Hull Road, Bishops Hull, Taunton, Somerset TA1 5EP	£3,723	132	4	Detached House
£850K	06/23	0.56 mi	24, Comeytrowe Lane, Taunton, Somerset TA1 5PA	£5,667	150	4	Detached House
£430K	09/23	0.56 mi	6, Claremont Drive, Taunton, Somerset TA1 4JF	-	-	4	Detached House
£400K	03/23	0.56 mi	14, Claremont Drive, Taunton, Somerset TA1 4JF	-	-	4	Detached House
£420K	02/23	0.57 mi	18, Claremont Drive, Taunton, Somerset TA1 4JF	-	-	4	Detached House
£383K	10/23	0.6 mi	6, Bovet Close, Taunton, Somerset TA1 4NY	-	-	4	Semi-Detached House
£315K	03/23	0.65 mi	68, Smithy, Bishops Hull, Taunton, Somerset TA1 5DU	-	-	4	Terraced House
£237.5K	04/21	0.65 mi	3, Castlemans Road, Taunton, Somerset TA1 4ND	£1,996	119	4	Semi-Detached House
£395K	11/21	0.72 mi	9, Wiltshire Close, Taunton, Somerset TA1 4JR	-	-	4	Semi-Detached House
£650K	10/23	0.72 mi	17, Haydon Close, Bishops Hull, Taunton, Somerset TA1 5HF	-	-	4	Detached House
£520K	09/23	0.73 mi	19, Galmington Lane, Taunton, Somerset TA1 5DG	-	-	4	Detached House
£350K	01/23	0.73 mi	2, Bowfell Close, Taunton, Somerset TA1 4JP	£3,398	103	4	Semi-Detached House
£400K	03/23	0.77 mi	2, Kingsley Close, Taunton, Somerset TA1 4LQ	£3,810	105	4	Detached House
£454K	03/21	0.79 mi	15, Pope Close, Taunton, Somerset TA1 4YE	£3,175	143	4	Detached House
£450K	11/23	0.79 mi	23, Pope Close, Taunton, Somerset TA1 4YE	£4,185	108	4	Detached House
£350K	12/21	0.81 mi	13, Langham Drive, Taunton, Somerset TA1 4LJ	-	-	4	Semi-Detached House
£345K	09/21	0.84 mi	98, Wellington Road, Taunton, Somerset TA1 5LA	£3,080	112	4	Semi-Detached House
£375K	06/21	0.85 mi	Penhale, Mountway Close, Bishops Hull, Taunton, Somerset TA1 5LP	£2,778	135	4	Detached House
£150K	06/21	0.88 mi	128, Galmington Road, Taunton, Somerset TA1 5DW	£1,327	113	4	Semi-Detached House
£472K	07/23	0.93 mi	Holly Croft House, New Road, Trull, Taunton, Somerset TA3 7NJ	-	-	4	Detached House

Local Rents

10 rents from £1.1K/mo to £3K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,999	09/24	0.17 mi	Stonegallows, Taunton, Somerset, TA1	5	Detached House
£2,100	06/23	0.45 mi	-	4	Detached House
£1,300	09/24	0.54 mi	-	3	Semi-Detached House
£1,300	06/24	0.88 mi	-	3	Terraced House
£1,350	09/24	0.9 mi	Bradford Close, Taunton, Somerset, TA1	3	Terraced House
£1,750	09/24	0.97 mi	Manor Orchard, Taunton, TA1	3	Flat
£1,700	03/25	1 mi	-	4	Detached House
£1,300	09/24	1.01 mi	Hele Manor Barns, Hele, Taunton, TA4	3	Flat
£1,500	09/24	1.02 mi	Taunton, TA1	3	Detached House
£1,050	09/24	1.04 mi	Hele Manor Barns, Taunton, TA4	3	Flat

Local Area Statistics

Population in TA1	39,26539,265
Population in Taunton	85,08885,088
Town centre distance	1.91 miles away1.91 miles away
Nearest school	0.70 miles away0.70 miles away
Nearest train station	1.93 miles away1.93 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £425,000

May 31, 2024

Floor Plans

Description

Entrance hall and shower room +
Triple aspect sitting room +
Dining room +
Kitchen/breakfast room +
Side hall with store room and gardener's WC +
4 bedrooms and bathroom +
Gas central heating and double glazing +
Good sized mature gardens with garden store, garage and driveway parking +
Sought after address within Castle school catchment and well placed for Musgrove Park Hospital +
No onward chain +

A detached family home, in need of modernisation and standing in good sized gardens in this sought after address on the western fringes of the town, within Castle school catchment and well placed for Musgrove Park Hospital.

No onward chain.

Agent Details

James Gray Estate Agents, Taunton

01823 589594

Next Steps?

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