3 Bed Semi-Detached House, Cash/Bridging Only, Taunton, TA4 3LY, £435,000

Tithill, TA4 3LY - 9 months ago

Cash
~192 m²
+19 photos

ValuationUndervalued

Sold Prices£182K - £375K
Sold Prices/m²£1.5K/m² - £4.9K/m²

 

 

Square Metres

~191.84 m²
Price/m²£2.3K/m²

Value Estimate

£448,050
BMV3%

 

 

End Value (After Refurb)

£558,107

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£108,750

Stamp Duty & Legal Fees

£32,200

Refurb Costs

£78,386

Bridging Loan Interest

£11,419

Total Cash In

£232,505

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£558,107

Mortgage (After Refinance)

£418,580

Mortgage LTV

75%

Cash Released

£92,330

Cash Left In

£140,175

Equity

£139,527

Rent Range

£875 - £1,800

Rent Estimate

£1,121

Running Costs/mo

£1,988

Cashflow/mo

£-867

Cashflow/yr

£-10,407

Gross Yield

3%

Local Sold Prices

50 sold prices from £182K to £375K, average is £240K. £1.5K/m² to £4.9K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£245K06/210.29 mi107, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU3
£195K02/210.29 mi19, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU3
£264.5K11/220.29 mi23, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU3
£235K06/210.29 mi14, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£202K02/210.29 mi8, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£247K12/220.29 mi4, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£277.5K11/230.29 mi23, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£297K12/220.29 mi8, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£233K09/210.3 mi40, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD3
£213K07/210.3 mi100, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD3
£215K02/210.3 mi22, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD3
£225K02/210.3 mi8, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD3
£280K11/220.31 mi36, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£225K11/200.32 mi97, Burge Meadow, Cotford St Luke, Taunton, Somerset TA4 1QW3
£249K01/230.33 mi47, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU3
£224.9K02/210.33 mi12, Manning Road, Cotford St Luke, Taunton, Somerset TA4 1NY3
£200K05/210.37 mi4, St Lukes Mews, Cotford St Luke, Taunton, Somerset TA4 1NT3
£280K04/240.38 mi8, Stutts End, Cotford St Luke, Taunton, Somerset TA4 1NX3
£375K09/230.38 mi30, Stutts End, Cotford St Luke, Taunton, Somerset TA4 1NX3
£250K10/230.39 mi99, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£258.5K11/210.39 mi5, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£245K03/210.39 mi62, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£260K11/230.39 mi5, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£258.8K11/230.4 mi57, Burge Meadow, Cotford St Luke, Taunton, Somerset TA4 1QN3
£224K11/200.4 mi5, Burge Meadow, Cotford St Luke, Taunton, Somerset TA4 1QN3
£182K03/210.43 mi2, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£232K05/240.43 mi3, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£200K02/210.43 mi12, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£240K11/220.43 mi35, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£225K02/240.43 mi34, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£267.5K07/230.43 mi100, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1HX3
£232.5K12/200.44 mi9, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF3
£239.9K03/210.44 mi45, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF3
£225K08/210.44 mi43, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF3
£285K09/230.46 mi56, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£265K12/230.46 mi10, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£245K04/230.46 mi5, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£225K10/200.46 mi55, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£255K09/230.46 mi3, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£257.5K01/240.46 mi4, Grenville View, Cotford St Luke, Taunton, Somerset TA4 1JH3
£230K01/240.46 mi16, Grenville View, Cotford St Luke, Taunton, Somerset TA4 1JH3
£315K11/220.47 mi1, Rogers Walk, Cotford St Luke, Taunton, Somerset TA4 1HY3
£242K12/230.47 mi34, Rogers Walk, Cotford St Luke, Taunton, Somerset TA4 1HY3
£256K08/230.48 mi21, North Villas, Cotford St Luke, Taunton, Somerset TA4 1DQ3
£260K06/230.48 mi7, North Villas, Cotford St Luke, Taunton, Somerset TA4 1DQ3
£214.5K08/230.52 mi33, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£218K11/200.52 mi25, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£235K05/230.52 mi30, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£235K11/220.52 mi41, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£215K09/230.52 mi21, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3

Local Rents

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

RentDateDistanceAddressBeds 
£1,20009/240.28 miCotford St. Luke3
£1,37509/240.3 miBurge Crescent, Cotford St. Luke, TAUNTON3
£92509/240.32 miMerrifields, Cotford St. Luke, 2
£1,20009/240.37 miSt. Lukes Mews, TA43
£98010/230.37 mi-2
£92509/240.38 miCotford St Luke 2
£95009/240.39 miGraham Way, Cotford St. Luke, TAUNTON2
£1,19510/240.39 mi-3
£87509/240.42 miPark View, Cotford St Luke. TA42
£1,65007/230.46 mi-4
£1,80009/240.56 miCotford St Luke, Taunton2
£1,25009/240.72 miMill Lane, Bishops Lydeard3
£1,30009/241.11 miChurch Street, Bishops Lydeard, Taunton, TA43
£1,25009/241.17 miHeathfiled Court TA42
£1,00009/241.68 mi-3
£1,20012/241.7 mi-4
£1,00012/241.7 mi-2
£90009/242.22 miMarshall Court, Norton Fitzwarren, Somerset2
£92509/242.28 mi-2
£92509/242.28 mi-2
£92507/242.28 mi-2
£95001/242.37 mi-2
£95012/232.37 mi-2
£1,10009/242.39 miMorse Road, Norton Fitzwarren, Taunton2
£98509/242.4 miMorse Road, Norton Fitzwarren, Taunton1
£1,05009/242.42 miHele Manor Barns, Taunton, TA43
£1,10001/242.42 mi-2
£1,30009/242.46 miHele Manor Barns, Hele, Taunton, TA43

Local Area Statistics

Population in TA4

19,149

Population in Taunton

85,088

Town centre distance

4.57 miles away

Nearest school

0.60 miles away

Nearest train station

4.13 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Price changed to £435,000

September 14, 2024

Listed for £450,000

July 12, 2024

Floor Plans

Description

  • Semi-Detached House +
  • Three Bedrooms +
  • One Bedroom Self Contained Annexe +
  • Generous Size Garden +
  • Single Garage +
  • Off-Road Parking +
  • Backs On To Open Countryside +

Occupying a rural position between Bishops Lydeard and Cotford St Luke, is this older style three bedroom semi-detached family home.

The property, which is enhanced by a self contained annexe, also benefits from a generous size well stocked garden that adjoins open countryside.

Internally, the accommodation to the ground floor comprises; wide entrance hall, sitting room with woodburning stove, access to an inner hall that in turn leads through to a ground floor bathroom comprising of wc, wash hand basin, bath with tiled surround, shower over and a chrome towel rail. The inner hall also leads through to the kitchen/breakfast room, which can be accessed from the other side of the property where you will find a useful space that could be utilised as a study/boot room and utility room. The kitchen/breakfast room is fitted with a range of matching wall and base units, roll edge work surfaces, tiled splashbacks with space for a tall fridge/freezer, space and plumbing for a dishwasher, integrated double oven, gas hob and extractor fan as well as a wall mounted Worcester gas boiler. From the kitchen/breakfast room, access can be gained through to the annexe. The annexe comprises of sun room/living room with French doors leading to the garden, a kitchenette comprising wall and base units, roll edge work surfaces and door to side as well as access through to a double bedroom with shower room off. To the first floor of the main house are three bedrooms (bedroom one with en-suite comprising of wc, wash hand basin, P-shaped bath with tiled surround and shower over). Externally, the property is set in delightful, well maintained and fully stocked front and rear gardens. To the front of the property is a driveway providing off-road parking for two vehicles and a single garage. A gate leads into the front garden, which is laid predominantly to lawn with mature trees and shrub borders. There is a gated side access leading through to the rear, which has been creatively hard landscaped with dual level patio/seating areas. Steps lead up to a raised area of lawn, which backs out on to open fields.

GENERAL REMARKS AND STIPULATIONS:
Tenure: The property is offered for sale freehold by private treaty with vacant possession on completion.
Services: Mains water, mains electricity, gas fired central heating.
Local Authority: Somerset Council, County Hall, The Crescent, Taunton, Somerset, TA1 4DY
Property Location: w3w.co/arise.caves.overhaul
Council Tax Band: E
EPC: C
Broadband Availability: Ultrafast with up to 900 Mbps download speed and 200 Mbps upload speed.
Mobile Phone Coverage: Indoor-limited voice & data with Three & Vodafone. Outdoor-voice & data likely with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-very low.
Agents Note: We understand that the drainage is via a sewage treatment plant privately owned by Rose Dene.

IMPORTANT NOTICE Wilkie May & Tuckwood 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 Wilkie May & Tuckwood has any authority to make or give any representations or warranty whatever in relation to this property on behalf of Wilkie May & Tuckwood, 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 July 2024. MEASUREMENTS AND OTHER INFORMATION All measurements are approximate and have been taken by Nichecom. While we endeavour to make our sales particular 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

Wilkie May & Tuckwood, Taunton

01823 212604

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