2 Bed Flat, Single Let, Taunton, TA2 6LY, £139,500

50 Gladstone Street, Taunton, TA2 6LY - 3 views - 9 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~60 m²
+18 photos

ValuationUndervalued

Sold Prices£58.8K - £215.9K
Sold Prices/m²£1.1K/m² - £3.2K/m²

 

 

Square Metres

~60.40 m²
Price/m²£2.3K/m²

Value Estimate

£144,073
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£34,875

Stamp Duty & Legal Fees

£5,385

Total Cash In

£40,260

 

 

Cash Out

 

Rent Range

£650 - £1,200

Rent Estimate

£896

Running Costs/mo

£635

Cashflow/mo

£261

Cashflow/yr

£3,130

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £58.8K to £215.9K, average is £140K. £1.1K/m² to £3.2K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£133K09/210.03 mi38, Gladstone Street, Taunton, Somerset TA2 6LY2
£156.6K01/230.03 mi39, Gladstone Street, Taunton, Somerset TA2 6LY2
£110K10/200.03 mi45, Gladstone Street, Taunton, Somerset TA2 6LY2
£125K09/210.03 mi50, Gladstone Street, Taunton, Somerset TA2 6LY2
£125K09/220.05 mi35b, Greenway Road, Taunton, Somerset TA2 6LA2
£170K07/230.09 mi63b, George Street, Taunton, Somerset TA2 7DG2
£120K10/200.17 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£136K09/230.17 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£138K04/210.2 mi1, Rupert Street, Taunton, Somerset TA2 6JT2
£138K04/210.2 mi1, Rupert Street, Taunton, Somerset TA2 6JT2
£128.5K06/210.2 mi3, Rupert Street, Taunton, Somerset TA2 6JT2
£137K10/210.25 mi27, Wellesley Street, Taunton, Somerset TA2 7DS2
£170K06/230.38 mi5b, Grange Drive, Taunton, Somerset TA2 7DY2
£167K08/230.39 mi181a, Greenway Road, Taunton, Somerset TA2 6LQ2
£215.9K01/230.42 miFlat 10, Elm Park, Elm Grove, Taunton, Somerset TA1 1EH2
£155K03/230.47 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£140K10/200.47 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£172K07/210.52 mi4, Firepool View, Taunton, Somerset TA1 1PS2
£187K01/230.52 mi16, Firepool View, Taunton, Somerset TA1 1PS2
£122.5K08/210.52 miFlat 2, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£179K02/210.52 mi28, Firepool View, Taunton, Somerset TA1 1PS2
£159K11/200.52 mi36, Firepool View, Taunton, Somerset TA1 1PS2
£175K09/230.53 mi36, Cunningham Court, Taunton, Somerset TA1 1AR2
£147.5K01/210.53 mi2, Cunningham Court, Taunton, Somerset TA1 1AR2
£140K09/200.53 mi27, Cunningham Court, Taunton, Somerset TA1 1AR2
£138K09/230.53 miFlat 42, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£122.5K09/230.53 miFlat 27, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£165K01/230.54 mi35, Cunningham Court, Taunton, Somerset TA1 1AR2
£117.5K11/200.54 mi2a, Lyngford Road, Taunton, Somerset TA2 7EG2
£173K12/230.56 miFlat 6, Chamberlain House, Richmond Road, Taunton, Somerset TA1 1EP2
£125K12/200.57 mi23, Northfield Gardens, Taunton, Somerset TA1 1XN2
£117K10/200.58 mi43, Northfield Gardens, Taunton, Somerset TA1 1XN2
£185K12/230.58 mi29, Firepool View, Taunton, Somerset TA1 1NY2
£60K11/200.58 mi2, Northfield Gardens, Taunton, Somerset TA1 1XN2
£124.6K06/210.58 mi17, Northfield Gardens, Taunton, Somerset TA1 1XN2
£211K11/230.59 mi52, Geoffrey Farrant Walk, Taunton, Somerset TA1 1PU2
£148K06/230.62 miFlat 19, Monmouth Court, Bindon Road, Taunton, Somerset TA2 6AX2
£110K02/210.62 miFlat 1, Monmouth Court, Bindon Road, Taunton, Somerset TA2 6AX2
£150K02/240.63 mi101, Massingham Park, Taunton, Somerset TA2 7TQ2
£148K12/220.63 mi97, Massingham Park, Taunton, Somerset TA2 7TQ2
£172.5K08/230.64 mi50, Firepool Crescent, Taunton, Somerset TA1 1AT2
£176K05/230.66 miFlat 28, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ2
£175K06/230.66 miFlat 7, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ2
£155K09/220.66 mi17, Massingham Park, Taunton, Somerset TA2 7TG2
£109K04/210.66 mi26, Massingham Park, Taunton, Somerset TA2 7TG2
£58.8K04/210.67 mi112, Massingham Park, Taunton, Somerset TA2 7TH2
£114K05/210.67 mi118, Massingham Park, Taunton, Somerset TA2 7TH2
£115K01/210.67 mi37, Winters Field, Taunton, Somerset TA1 1PY2
£145K02/230.69 mi194, Massingham Park, Taunton, Somerset TA2 7TN2
£120K01/210.69 mi194, Massingham Park, Taunton, Somerset TA2 7TN2

Local Rents

18 rents from £650/mo to £1.2K/mo, average is £985/mo.

RentDateDistanceAddressBeds 
£89509/240.07 miBelgrave Place, Taunton, TA22
£99503/250.13 mi-2
£1,15012/240.15 mi-2
£1,20009/240.2 mi-2
£1,10009/240.2 miRupert Street, Taunton TA12
£89509/240.22 mi-2
£75002/250.4 mi-2
£95003/250.49 mi-2
£1,10009/240.5 miRichmond Road, TAUNTON2
£92509/240.51 miWoodstock Road, Taunton, TA12
£1,10009/240.52 miFirepool View, TAUNTON2
£65002/250.53 mi-2
£99502/250.54 mi-2
£90009/240.56 miRichmond Road 2
£1,09509/240.58 miStaplegrove Road, TAUNTON2
£95009/240.62 miMonmouth Court, Bindon Road, Taunton, Somerset, TA22
£1,10009/240.62 mi-2
£97503/250.62 mi-2

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

0.94 miles away

Nearest school

0.20 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £139,500

June 27, 2024

Floor Plans

Description

  • WELL PRESENTED 2ND FLOOR APARTMENT +
  • 2 BEDROOMS +
  • PRIVATE SOUTH EAST FACING BALCONY +
  • COMMUNAL GARDENS +
  • GARAGE +

In this popular and convenient location within 1 mile North of the town centre is this well-presented 2 bedroomed 2nd floor apartment with private South East facing balcony, communal gardens and garage.

The accommodation comprises Entrance Hall, Living Room with French doors to private South East facing balcony, Fitted Kitchen, Master Bedroom with fitted wardrobe, Further Bedroom with fitted wardrobe and Family Bathroom.

Leasehold
- Lease term 125 years from January 1989, 89 years remaining
- Current service charge £1,584 pa
- Current Ground rent £10pa
- Service charge/ ground rent review date - 2025

- Council tax band A
- Mobile availability - visit checker.ofcom.org.uk for specific details.
- What3words: ///novel.beard.sadly

Agent Details

Robert Cooney, Taunton

01823 589485

Next Steps?

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