3 Bed Terraced House, Planning Permission, Taunton, TA4 1LY, £550,000

MILVERTON - development / investment opportunity, TA4 1LY - 10 months ago

Planning
~93 m²
+30 photos

ValuationOvervalued

Sold Prices£178K - £558K
Sold Prices/m²£1.4K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£5.9K/m²

Value Estimate

£290,993

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Total Cash In

£170,200

 

 

Cash Out

 

Rent Range

£950 - £1,500

Rent Estimate

£1,056

Running Costs/mo

£1,950

Cashflow/mo

£-894

Cashflow/yr

£-10,727

Gross Yield

2%

Local Sold Prices

50 sold prices from £178K to £558K, average is £283.5K. £1.4K/m² to £4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£230K09/230.1 mi38, Courtfield, Milverton, Taunton, Somerset TA4 1NB3
£330K12/200.16 miMarden, Butts Way, Milverton, Taunton, Somerset TA4 1ND3
£335K11/210.24 miWoods Cottage, Sand Street, Milverton, Taunton, Somerset TA4 1JN3
£322K06/210.28 mi2, Lower Fairfield, Milverton, Taunton, Somerset TA4 1LN3
£525K01/210.29 miGarden Cottage, High Street, Milverton, Taunton, Somerset TA4 1LL3
£299.9K12/200.33 mi4, Fairfield Terrace, Milverton, Taunton, Somerset TA4 1QX3
£220K11/200.35 mi14, Creedwell Orchard, Milverton, Taunton, Somerset TA4 1JY3
£368K08/230.36 miBell Corner, St Michaels Hill, Milverton, Taunton, Somerset TA4 1JT3
£320K09/230.4 miBartletts Lodge, Fore Street, Milverton, Taunton, Somerset TA4 1JX3
£382.5K02/240.42 miLeys, Huntash Lane, Milverton, Taunton, Somerset TA4 1PX3
£470K09/210.49 mi9, Colesmore, Milverton, Taunton, Somerset TA4 1HU3
£382.5K04/210.54 miAnsford, Turnpike, Milverton, Taunton, Somerset TA4 1LF3
£322.5K03/210.55 miThe Clump, Turnpike, Milverton, Taunton, Somerset TA4 1LF3
£267K12/200.57 miThe Wing Swifts, Station Road, Milverton, Taunton, Somerset TA4 1LD3
£295.5K05/231.72 mi3, Blagroves Cottages, Hillcommon, Taunton, Somerset TA4 1DY3
£402K04/231.73 mi27, Swifts, Langford Budville, Wellington, Somerset TA21 0RA3
£235K03/211.81 mi5, Hills Cottages, Fitzhead, Taunton, Somerset TA4 3JW3
£188K03/212.04 mi1a, Malthouses, Runnington, Wellington, Somerset TA21 0QL3
£225.5K05/212.32 mi16, Nordens Meadow, Wiveliscombe, Taunton, Somerset TA4 2JW3
£235K11/202.32 mi12, Nordens Meadow, Wiveliscombe, Taunton, Somerset TA4 2JW3
£290K10/222.33 mi5, Nordens Meadow, Wiveliscombe, Taunton, Somerset TA4 2JW3
£212.5K03/212.41 mi3, Kingsmead Close, Wiveliscombe, Taunton, Somerset TA4 2NZ3
£245K01/242.41 mi5, Farthings Close, Nynehead, Wellington, Somerset TA21 0BT3
£225K05/212.41 mi6, Farthings Close, Nynehead, Wellington, Somerset TA21 0BT3
£558K07/232.44 miCollards, Ford Road, Wiveliscombe, Taunton, Somerset TA4 2NJ3
£265K03/232.46 miHartswell Garden Cottage, Hartswell, Wiveliscombe, Taunton, Somerset TA4 2NF3
£270K03/212.52 mi8, Church Street, Wiveliscombe, Taunton, Somerset TA4 2LR3
£235K06/212.53 mi18 Parricks Place, South Street, Wiveliscombe, Taunton, Somerset TA4 2LZ3
£350K10/202.53 mi1a, South Street, Wiveliscombe, Taunton, Somerset TA4 2LZ3
£212.5K06/232.53 mi13, Coopers Heights, Wiveliscombe, Taunton, Somerset TA4 2YB3
£225K11/222.57 mi7, Tone Hill, Tonedale, Wellington, Somerset TA21 0AU3
£385K06/212.58 mi1, Masons Square, Wiveliscombe, Taunton, Somerset TA4 2NS3
£530K03/212.58 miLamberts, Hauling Way, Wiveliscombe, Taunton, Somerset TA4 2PP3
£275K12/222.58 mi2, Crosslands, Tonedale, Wellington, Somerset TA21 0AS3
£214K05/212.59 mi3, Garden Terrace, Tonedale, Wellington, Somerset TA21 0AE3
£310K01/232.6 miThe Infant School, Crosslands, Tonedale, Wellington, Somerset TA21 0AS3
£205K12/202.6 mi47, Golden Hill, Wiveliscombe, Taunton, Somerset TA4 2NU3
£205K12/202.6 mi47, Golden Hill, Wiveliscombe, Taunton, Somerset TA4 2NU3
£315K02/232.61 mi33, Golden Hill, Wiveliscombe, Taunton, Somerset TA4 2NT3
£285K03/242.61 mi16, Style Road, Wiveliscombe, Taunton, Somerset TA4 2LN3
£282K08/232.64 mi42, Millstream Gardens, Tonedale, Wellington, Somerset TA21 0AA3
£440K03/242.65 miMorecroft, West Street, Wiveliscombe, Taunton, Somerset TA4 2JP3
£287.5K03/242.66 mi12, Weavers Reach, Tonedale, Wellington, Somerset TA21 0DH3
£260K03/242.66 mi11, Weavers Reach, Tonedale, Wellington, Somerset TA21 0DH3
£233K10/222.66 mi9, Market Place, Wiveliscombe, Taunton, Somerset TA4 2PJ3
£305K11/202.67 mi13, Spring Gardens, Wiveliscombe, Taunton, Somerset TA4 2LQ3
£280K12/222.67 mi18, Spring Gardens, Wiveliscombe, Taunton, Somerset TA4 2LQ3
£325K12/232.7 mi2, Eastleigh Close, Wiveliscombe, Taunton, Somerset TA4 2LH3
£250K01/212.71 mi49, Wardleworth Way, Wellington, Somerset TA21 0BA3
£178K04/212.71 mi46, Northgate, Wiveliscombe, Taunton, Somerset TA4 2LF3

Local Rents

6 rents from £950/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,12009/240.49 miSilver Street, Milverton2
£1,50009/241.73 miLangford Budville3
£1,45009/242.12 miFitzhead, Taunton4
£95009/242.35 miThomas Fox Road, Tonedale2
£1,15009/242.39 mi-3
£1,15010/242.39 mi-3

Local Area Statistics

Population in TA4

19,149

Population in Taunton

85,088

Town centre distance

7.09 miles away

Nearest school

0.10 miles away

Nearest train station

6.86 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £550,000

June 13, 2024

Floor Plans

Description

  • POPULAR VILLAGE LOCATION +
  • TWO BEDROOMED COTTAGE +
  • ONE BEDROOMED COTTAGE +
  • THREE GARAGES +
  • ORCHARD (with plans drawn for a detached two bedroomed bungalow) +
  • IDEAL NEW BUILD PROJECT (SUBJECT TO PLANNING PERMISSION) +

A unique collection of two cottages, three garages and an orchard (with plans drawn for a detached two bedroomed bungalow) A unique collection of two cottages, three garages and an orchard (with plans drawn for a detached two bedroomed bungalow), Milverton to the west of Taunton and north of Wellington. The property is being sold as a whole and offers possibilities for a buyer to refurbish the existing cottages and develop the orchard. The properties are made up of; The Pink Cottage, an attached end terrace two bedroomed cottage to the front of the area, No 4 Butts Way which is a one bedroomed cottage located behind The Pink Cottage with associated garden, a terrace of three garages, each with parking in front and a good sized orchard. The orchard has a planning application for a detached two bedroomed bungalow. This would make an ideal new build project (subject to planning permission) and the likes of which, are seldom available in and around Milverton. Energy rating: E-51 (The Pink Cottage) D-63 (4 Butts way)

Agent Details

Gibbins Richards, Taunton

01823 211768

Next Steps?

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