3 Bed Terraced House, Cash/Bridging Only, Taunton, TA1 3AY, £230,000

Viney Street, Taunton, Somerset, TA1 3AY - 6 views - 9 months ago

Cash
ROI: 12%
~93 m²
+10 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£37,820

Bridging Loan Interest

£6,038

Total Cash In

£111,208

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£240,842

Mortgage (After Refinance)

£180,632

Mortgage LTV

75%

Cash Released

£8,132

Cash Left In

£103,076

Equity

£60,211

Rent Range

£1,200 - £2,950

Rent Estimate

£2,332

Running Costs/mo

£1,239

Cashflow/mo

£1,093

Cashflow/yr

£13,116

ROI

12%

Gross Yield

12%

Local Sold Prices

50 sold prices from £136K to £370K, average is £230K. £1.6K/m² to £4.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£210K03/210.06 mi10, Eastleigh Road, Taunton, Somerset TA1 2YA3
£136K10/210.06 mi5, Eastleigh Gardens, Taunton, Somerset TA1 2AS3
£265K02/230.07 mi32, Queen Street, Taunton, Somerset TA1 3AX3
£210K08/210.07 mi13, Church Street, Taunton, Somerset TA1 3JE3
£230K03/210.07 mi29, Trinity Road, Taunton, Somerset TA1 3JJ3
£226K03/210.07 mi79, Trinity Road, Taunton, Somerset TA1 3JJ3
£275K12/230.07 mi83, Trinity Road, Taunton, Somerset TA1 3JJ3
£190K11/210.09 mi46, Grays Road, Taunton, Somerset TA1 3BA3
£205K09/230.09 mi49, Grays Road, Taunton, Somerset TA1 3BA3
£365K06/230.09 mi6, Victoria Street, Taunton, Somerset TA1 3JA3
£317.5K11/230.1 mi1, Trinity Street, Taunton, Somerset TA1 3JG3
£247K08/210.11 mi13, Midford Road, Taunton, Somerset TA1 2JJ3
£230K06/210.12 mi82, Eastleigh Road, Taunton, Somerset TA1 2YD3
£265K02/230.12 mi72, Eastleigh Road, Taunton, Somerset TA1 2YD3
£208K09/230.13 mi9, Queen Street, Taunton, Somerset TA1 3AS3
£225K02/210.14 mi32, Westleigh Road, Taunton, Somerset TA1 2XY3
£325K12/230.14 mi32, Westleigh Road, Taunton, Somerset TA1 2XY3
£305K11/230.14 mi124, South Street, Taunton, Somerset TA1 3AG3
£207.5K11/210.17 mi29, Mitre Court, Taunton, Somerset TA1 3ER3
£189.3K10/210.17 mi28, Mitre Court, Taunton, Somerset TA1 3ER3
£241K08/230.17 mi26, Mitre Court, Taunton, Somerset TA1 3ER3
£189K04/210.18 mi34, Wordsworth Drive, Taunton, Somerset TA1 2HW3
£205K03/240.19 mi3, Alfred Street, Taunton, Somerset TA1 3HU3
£160K07/210.21 mi12, South Street, Taunton, Somerset TA1 3AA3
£250K06/210.21 mi2a, Burns Road, Taunton, Somerset TA1 2HU3
£200K06/210.21 mi29, Alfred Street, Taunton, Somerset TA1 3HY3
£282K07/210.22 mi23, Holway Road, Taunton, Somerset TA1 2EZ3
£250K03/210.22 mi30, Holway Road, Taunton, Somerset TA1 2EY3
£240K05/210.23 mi35, Alma Street, Taunton, Somerset TA1 3AJ3
£370K03/240.24 mi48, Holway Avenue, Taunton, Somerset TA1 3AR3
£260K03/230.24 mi46, Holway Avenue, Taunton, Somerset TA1 3AR3
£312K06/230.24 mi27, Holway Avenue, Taunton, Somerset TA1 3AP3
£171K11/200.26 mi43, Eastbourne Road, Taunton, Somerset TA1 1SU3
£272K04/210.26 mi60, Alma Street, Taunton, Somerset TA1 3AL3
£270K02/230.26 mi67, Alma Street, Taunton, Somerset TA1 3AL3
£183K01/230.27 mi20, Eastbourne Road, Taunton, Somerset TA1 1ST3
£230K12/220.28 mi17, Eastbourne Terrace, Taunton, Somerset TA1 1SX3
£310K08/210.28 mi2, Holway Hill, Taunton, Somerset TA1 2HB3
£245K03/210.28 mi81, Parmin Way, Taunton, Somerset TA1 2JX3
£191.5K09/210.29 mi5, Milton Road, Taunton, Somerset TA1 2JE3
£234.8K01/230.29 mi5, Eastbourne Terrace, Taunton, Somerset TA1 1SX3
£247.5K10/230.29 mi25, Parmin Way, Taunton, Somerset TA1 2JU3
£231K08/230.29 mi12, Parmin Way, Taunton, Somerset TA1 2JU3
£187.5K04/210.29 mi65, Leycroft Road, Taunton, Somerset TA1 2ED3
£195K08/210.31 mi17, Winchester Street, Taunton, Somerset TA1 1QQ3
£210K02/230.31 mi13, Winchester Street, Taunton, Somerset TA1 1QQ3
£187.5K04/210.32 mi65, Leycroft Road, Taunton, Somerset TA1 2ED3
£190K05/230.32 mi84, Lambrook Road, Taunton, Somerset TA1 2AF3
£215K02/230.33 mi55, Holway Road, Taunton, Somerset TA1 2HA3
£205K11/230.35 mi44, Winchester Street, Taunton, Somerset TA1 1QG3

Local Rents

18 rents from £1.2K/mo to £3K/mo, average is £2.8K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.06 mi-3
£1,40008/240.12 mi-3
£1,20009/240.28 miParmin Way, TA1 3
£2,70009/240.28 mi-3
£2,70012/240.28 mi-3
£2,70002/250.28 mi-3
£2,70003/250.28 mi-3
£1,30009/240.55 miFirepool Crescent, Taunton3
£2,95002/240.56 mi-3
£2,95009/240.56 mi-3
£2,95009/240.56 mi-3
£2,95009/240.56 mi-3
£2,95009/240.56 mi-3
£2,95007/240.56 mi-3
£2,95008/240.56 mi-3
£2,95002/250.56 mi-3
£2,95003/250.56 mi-3
£1,30009/240.56 miFirepool Crescent, Taunton3

Property History

Listed for £230,000

June 20, 2024

Sold for £134,000

2005

Sold for £54,000

1999

Floor Plans

Description

  • Low Maintenance Garden +
  • Victorian Character +
  • Taunton Town Centre +
  • Permit Parking +

This beautiful three bedroom Victorian terraced home is being offered to the market in a lovely condition throughout and has been thoughtfully renovated by the current owners over the years. Situated within walking distance of Taunton's town centre and a short drive from the Railway Station. The property offers good living accommodation with lounge and dining room and the three bedrooms are of good size.

Entrance Hall

Lounge 12'2'' x 10'5''

Dining Room 12'2'' x 10'6''

Kitchen 11'3'' x 7'11

Bathroom

Landing

Bedroom One 15'2'' x 10'11''

Bedroom Two 10'5'' x 9'5''

Bedroom Three 10'6'' x 7'11''

Garden

On Street Permit Parking

National trading standards have ruled that agents must give information which is material to the decision-making process of the average consumer. Below is a list of additional information about the property believed to be ‘material’.

Utilities – • Electricity supply – Mains electricity • Water supply – Mains water • Sewerage - Mains sewage • Heating – Gas central heating • Broadband – Ultrafast Full Fibre Broadband • Mobile signal/coverage – Voice and Data across EE, O2, Vodaphone and Three

IMPORTANT NOTICE: The Property Centre for themselves and for the vendors of the property, whose agents they are, give notice that: 1. the particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchaser and do not constitute part of an offer or contract. Prospective purchasers and lessees ought to seek their own professional advice. 2. All descriptions, dimensions, areas, reference to condition and necessary permissions for use and occupation and other details are given in good faith, and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of The Property Centre has any authority to make or give any representations or warranty whatever in relation to this property on behalf of The Property Centre, nor enter into any contract on behalf of the vendor. 4. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties which have been sold, let or withdrawn.

Photographs taken and details prepared June 2024.

MEASUREMENTS AND OTHER INFORMATION: All measurements are approximate. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information with you. Code of Practice for Residential Estate Agents: Effective from 1 August 2011: '8. Financial Evaluation 8a At the time that an offer has been made and is being considered by the seller, you must take reasonable steps to find out from the prospective buyer the source and availability of his funds for buying the property and pass this information to the seller. Such information will include whether the prospective buyer needs to sell a property, requires a mortgage, claims to be a cash buyer or any combination of these. Such relevant information that is available should be included in the Memorandum of Sale having regard to the provisions of the Data Protection Act.8b These reasonable steps must continue after acceptance of the offer until exchange of contracts (in Scotland, conclusion of missives) and must include regular monitoring of the prospective buyer's progress in achieving the funds required, and reporting such progress to the seller. The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for their purpose. A Buyer is advised to obtain verification from their solicitor or surveyor. References to the Tenure of the Property are based on information supplied by the Seller. The agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

Agent Details

The Property Centre, Taunton

01823 589603

Next Steps?

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