3 Bed Semi-Detached House, Refurb/BRRR, Taunton, TA4 3LY, £200,000

2 Segatto C, Lillith, B, YL3 4AT, Trowbridge, Somerset, LA, UK - 1 views - 10 months ago

Sold STC

Refurb/BRRR

ROI: 1%

~85 m²

+14 photos

ValuationUndervalued

Sold Prices	£195K - £375K
Sold Prices/m²	£1.5K/m² - £4.9K/m²

Square Metres	~85.10 m²
Price/m²	£2.4K/m²
Value Estimate	£245,441£245,441

End Value (After Refurb)	£249,750£249,750
Uplift in Value	+0%+0%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£8,700£8,700
Refurb Costs	£34,772£34,772
Bridging Loan Interest	£5,250£5,250
Total Cash In	£100,472£100,472

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£249,750£249,750
Mortgage (After Refinance)	£187,313£187,313
Mortgage LTV	75%75%
Cash Released	£37,313£37,313
Cash Left In	£63,160£63,160
Equity	£62,438£62,438
Rent Range	£875 - £1,800£875 - £1,800
Rent Estimate	£1,113
Running Costs/mo	£1,023£1,023
Cashflow/mo	£90£90
Cashflow/yr	£1,079£1,079
ROI	1%1%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £195K to £375K, average is £243.5K. £1.5K/m² to £4.9K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£280K	11/22	0.29 mi	36, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE	£3,889	72	3	Semi-Detached House
£235K	06/21	0.29 mi	14, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE	-	-	3	Semi-Detached House
£202K	02/21	0.29 mi	8, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE	-	-	3	Terraced House
£247K	12/22	0.29 mi	4, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE	£3,060	81	3	Terraced House
£277.5K	11/23	0.29 mi	23, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE	£2,995	93	3	Semi-Detached House
£297K	12/22	0.29 mi	8, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE	-	-	3	Terraced House
£224.9K	02/21	0.29 mi	12, Manning Road, Cotford St Luke, Taunton, Somerset TA4 1NY	£3,289	68	3	Terraced House
£245K	06/21	0.33 mi	107, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU	-	-	3	Semi-Detached House
£195K	02/21	0.33 mi	19, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU	£2,600	75	3	Semi-Detached House
£264.5K	11/22	0.33 mi	23, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU	£2,901	91	3	Semi-Detached House
£233K	09/21	0.33 mi	40, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD	£1,510	154	3	Terraced House
£213K	07/21	0.34 mi	100, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD	£4,599	46	3	Terraced House
£215K	02/21	0.34 mi	22, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD	£2,756	78	3	Terraced House
£225K	02/21	0.34 mi	8, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD	£1,990	113	3	Terraced House
£280K	04/24	0.34 mi	8, Stutts End, Cotford St Luke, Taunton, Somerset TA4 1NX	£3,784	74	3	Bungalow
£375K	09/23	0.34 mi	30, Stutts End, Cotford St Luke, Taunton, Somerset TA4 1NX	£4,934	76	3	Semi-Detached House
£249K	01/23	0.37 mi	47, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU	£3,609	69	3	Terraced House
£200K	05/21	0.37 mi	4, St Lukes Mews, Cotford St Luke, Taunton, Somerset TA4 1NT	£2,817	71	3	Semi-Detached House
£250K	10/23	0.38 mi	99, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG	£2,874	87	3	Terraced House
£258.5K	11/21	0.38 mi	5, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG	£3,357	77	3	Terraced House
£245K	03/21	0.38 mi	62, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG	£2,402	102	3	Terraced House
£260K	11/23	0.38 mi	5, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG	£3,377	77	3	Terraced House
£220K	10/20	0.38 mi	21, North Villas, Cotford St Luke, Taunton, Somerset TA4 1DQ	£3,056	72	3	Semi-Detached House
£220K	10/20	0.38 mi	21, North Villas, Cotford St Luke, Taunton, Somerset TA4 1DQ	£3,056	72	3	Semi-Detached House
£256K	08/23	0.38 mi	21, North Villas, Cotford St Luke, Taunton, Somerset TA4 1DQ	£3,556	72	3	Semi-Detached House
£260K	06/23	0.38 mi	7, North Villas, Cotford St Luke, Taunton, Somerset TA4 1DQ	£2,857	91	3	Semi-Detached House
£225K	11/20	0.38 mi	97, Burge Meadow, Cotford St Luke, Taunton, Somerset TA4 1QW	£2,909	77	3	Terraced House
£267.5K	07/23	0.39 mi	100, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1HX	£3,728	72	3	Terraced House
£285K	09/23	0.39 mi	56, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE	£3,476	82	3	Semi-Detached House
£265K	12/23	0.39 mi	10, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE	£2,688	99	3	Semi-Detached House
£245K	04/23	0.39 mi	5, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE	£2,988	82	3	Terraced House
£225K	10/20	0.39 mi	55, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE	£2,744	82	3	Semi-Detached House
£255K	09/23	0.39 mi	3, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE	£3,110	82	3	Terraced House
£315K	11/22	0.43 mi	1, Rogers Walk, Cotford St Luke, Taunton, Somerset TA4 1HY	£2,813	112	3	Terraced House
£242K	12/23	0.43 mi	34, Rogers Walk, Cotford St Luke, Taunton, Somerset TA4 1HY	£2,350	103	3	Terraced House
£257.5K	01/24	0.44 mi	4, Grenville View, Cotford St Luke, Taunton, Somerset TA4 1JH	£3,576	72	3	Semi-Detached House
£215K	09/20	0.44 mi	7, Grenville View, Cotford St Luke, Taunton, Somerset TA4 1JH	£2,986	72	3	Semi-Detached House
£230K	01/24	0.44 mi	16, Grenville View, Cotford St Luke, Taunton, Somerset TA4 1JH	£3,194	72	3	Terraced House
£232.5K	12/20	0.44 mi	9, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF	£3,229	72	3	Terraced House
£239.9K	03/21	0.44 mi	45, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF	£2,696	89	3	Semi-Detached House
£225K	08/21	0.44 mi	43, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF	-	-	3	Semi-Detached House
£247K	05/23	0.44 mi	9, West Villas, Cotford St Luke, Taunton, Somerset TA4 1DF	-	-	3	Semi-Detached House
£250K	12/20	0.44 mi	7, West Villas, Cotford St Luke, Taunton, Somerset TA4 1DF	£2,404	104	3	Semi-Detached House
£250K	07/23	0.46 mi	9, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD	-	-	3	Semi-Detached House
£214.5K	08/23	0.46 mi	33, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD	-	-	3	Terraced House
£215K	09/20	0.46 mi	34, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD	£2,722	79	3	Semi-Detached House
£218K	11/20	0.46 mi	25, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD	£2,868	76	3	Semi-Detached House
£235K	05/23	0.46 mi	30, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD	£3,330	71	3	Semi-Detached House
£235K	11/22	0.46 mi	41, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD	£3,264	72	3	Terraced House
£215K	09/23	0.46 mi	21, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD	-	-	3	Terraced House

Local Rents

31 rents from £875/mo to £1.8K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£925	09/24	0.33 mi	Merrifields, Cotford St. Luke,	2	Terraced House
£875	09/24	0.33 mi	Park View, Cotford St Luke. TA4	2	Flat
£1,200	09/24	0.34 mi	Cotford St. Luke	3	Detached House
£1,375	09/24	0.34 mi	Burge Crescent, Cotford St. Luke, TAUNTON	3	Flat
£925	09/24	0.34 mi	Cotford St Luke	2	Terraced House
£1,200	09/24	0.37 mi	St. Lukes Mews, TA4	3	Terraced House
£1,195	09/24	0.38 mi	-	3	Semi-Detached House
£950	09/24	0.38 mi	Graham Way, Cotford St. Luke, TAUNTON	2	Flat
£1,650	07/23	0.39 mi	-	4	Detached House
£980	10/23	0.4 mi	-	2	Terraced House
£1,800	09/24	0.41 mi	Cotford St Luke, Taunton	2	Terraced House
£1,250	09/24	0.67 mi	Mill Lane, Bishops Lydeard	3	Detached House
£1,300	09/24	1.1 mi	Church Street, Bishops Lydeard, Taunton, TA4	3	Flat
£1,250	09/24	1.25 mi	Heathfiled Court TA4	2	Flat
£1,000	09/24	1.8 mi	-	3	Terraced House
£1,200	11/24	1.82 mi	-	4	Terraced House
£1,000	11/24	1.82 mi	-	2	Terraced House
£900	09/24	2.11 mi	Marshall Court, Norton Fitzwarren, Somerset	2	Flat
£925	09/24	2.16 mi	-	2	Terraced House
£925	09/24	2.16 mi	-	2	Terraced House
£925	07/24	2.16 mi	-	2	Terraced House
£950	01/24	2.25 mi	-	2	Flat
£950	12/23	2.25 mi	-	2	Flat
£1,100	09/24	2.28 mi	Morse Road, Norton Fitzwarren, Taunton	2	Flat
£985	09/24	2.28 mi	Morse Road, Norton Fitzwarren, Taunton	1	Flat
£1,100	01/24	2.31 mi	-	2	Terraced House
£1,050	09/24	2.35 mi	Hele Manor Barns, Taunton, TA4	3	Flat
£1,300	09/24	2.39 mi	Hele Manor Barns, Hele, Taunton, TA4	3	Flat
£1,100	02/25	2.41 mi	-	2	Terraced House
£990	02/24	2.42 mi	-	2	Terraced House
£995	09/24	2.42 mi	Hele Manor Barns, Hele, Taunton, TA4	2	Terraced House

Local Area Statistics

Population in TA4	19,14919,149
Population in Taunton	85,08885,088
Town centre distance	4.44 miles away4.44 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	3.99 miles away3.99 miles away

Rental growth (12m)	-1%-1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+13%+13%

Property History

Price changed to £200,000

December 4, 2024

Listed for £250,000

June 5, 2024

Floor Plans

Description

Entrance porch and large entrance hall +
Sitting room +
Dining room and Kitchen +
3 bedrooms and shower room +
Gas central heating and double glazing +
Huge potential to extend (STP) +
Large gardens and ample off-road parking +
Rural setting in no-through lane +
Close to the sought after village of Bishops Lydeard +
No onward chain +

A semi-detached cottage, in need of modernisation and offering huge potential to extend and occupying a stunning rural setting in a no-through lane, in large gardens, close to the popular village of Bishops Lydeard.

No onward chain

Agent Details

James Gray Estate Agents, Taunton

01823 589594

Next Steps?

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