3 Bed Terraced House, Refurb/BRRR, Taunton, TA1 1QE, £125,000

95 Winchester Street, Taunton TA1 1QE - 5 views - 9 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 17%
~93 m²
+14 photos

ValuationFair Value

Sold Prices£150K - £365K
Sold Prices/m²£1.6K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£126,250

 

 

End Value (After Refurb)

£215,058

Uplift in Value

+72%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£37,820

Bridging Loan Interest

£3,281

Total Cash In

£79,051

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£215,058

Agent Fees (1%)

£2,151

Bridging Loan

£93,750

Bridging Loan Interest

£3,281

Flip Profit

£40,106

Local Sold Prices

50 sold prices from £150K to £365K, average is £209K. £1.6K/m² to £4.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£170K11/200 mi99, Winchester Street, Taunton, Somerset TA1 1QE3
£185K01/210 mi88, Winchester Street, Taunton, Somerset TA1 1QE3
£205K11/210.04 mi79, St Augustine Street, Taunton, Somerset TA1 1QL3
£257.5K07/230.04 mi109, St Augustine Street, Taunton, Somerset TA1 1QL3
£206K04/210.04 mi87, St Augustine Street, Taunton, Somerset TA1 1QL3
£200K02/210.07 mi59, Priory Avenue, Taunton, Somerset TA1 1XZ3
£223K09/210.08 mi66, St Augustine Street, Taunton, Somerset TA1 1QH3
£150K02/210.08 mi71, St Augustine Street, Taunton, Somerset TA1 1QH3
£150K12/200.08 mi53, St Augustine Street, Taunton, Somerset TA1 1QH3
£210K08/230.08 mi31, St Augustine Street, Taunton, Somerset TA1 1QH3
£195K01/210.11 mi23, Stephen Street, Taunton, Somerset TA1 1LD3
£205K11/230.11 mi44, Winchester Street, Taunton, Somerset TA1 1QG3
£205K05/210.11 mi19, Winters Field, Taunton, Somerset TA1 1PY3
£193K03/210.11 mi77, Winters Field, Taunton, Somerset TA1 1PY3
£255K04/240.12 mi4, Priory Park, Taunton, Somerset TA1 1PX3
£184K09/210.14 mi7, Laburnum Street, Taunton, Somerset TA1 1LA3
£257K01/240.14 mi1, Laburnum Street, Taunton, Somerset TA1 1LA3
£195K08/210.15 mi17, Winchester Street, Taunton, Somerset TA1 1QQ3
£210K02/230.15 mi13, Winchester Street, Taunton, Somerset TA1 1QQ3
£234.8K01/230.17 mi5, Eastbourne Terrace, Taunton, Somerset TA1 1SX3
£230K12/220.18 mi17, Eastbourne Terrace, Taunton, Somerset TA1 1SX3
£171K11/200.23 mi43, Eastbourne Road, Taunton, Somerset TA1 1SU3
£183K01/230.23 mi20, Eastbourne Road, Taunton, Somerset TA1 1ST3
£282.5K12/200.24 mi89, Firepool View, Taunton, Somerset TA1 1NY3
£255K05/240.25 mi123, Firepool View, Taunton, Somerset TA1 1NY3
£270K04/230.27 mi122, Priory Avenue, Taunton, Somerset TA1 1YB3
£160K07/210.33 mi12, South Street, Taunton, Somerset TA1 3AA3
£207.5K11/210.34 mi29, Mitre Court, Taunton, Somerset TA1 3ER3
£189.3K10/210.34 mi28, Mitre Court, Taunton, Somerset TA1 3ER3
£241K08/230.34 mi26, Mitre Court, Taunton, Somerset TA1 3ER3
£230K12/230.34 mi9, Monks Close, Taunton, Somerset TA1 2AW3
£272K04/210.35 mi60, Alma Street, Taunton, Somerset TA1 3AL3
£270K02/230.36 mi67, Alma Street, Taunton, Somerset TA1 3AL3
£300K12/230.36 mi155, Eaton Crescent, Taunton, Somerset TA2 7UF3
£316K09/230.36 mi165, Eaton Crescent, Taunton, Somerset TA2 7UF3
£205K03/240.36 mi3, Alfred Street, Taunton, Somerset TA1 3HU3
£290K11/230.36 mi13, Albemarle Road, Taunton, Somerset TA1 1BB3
£240K05/210.36 mi35, Alma Street, Taunton, Somerset TA1 3AJ3
£208K09/230.36 mi9, Queen Street, Taunton, Somerset TA1 3AS3
£200K06/210.36 mi29, Alfred Street, Taunton, Somerset TA1 3HY3
£365K06/230.37 mi6, Victoria Street, Taunton, Somerset TA1 3JA3
£225K09/230.38 mi43, Compton Close, Taunton, Somerset TA2 7UD3
£265K02/230.39 mi32, Queen Street, Taunton, Somerset TA1 3AX3
£226K06/210.41 mi20, Greenbrook Terrace, Taunton, Somerset TA1 1UT3
£210K08/210.41 mi13, Church Street, Taunton, Somerset TA1 3JE3
£190K11/210.41 mi46, Grays Road, Taunton, Somerset TA1 3BA3
£205K09/230.41 mi49, Grays Road, Taunton, Somerset TA1 3BA3
£187.5K04/210.42 mi65, Leycroft Road, Taunton, Somerset TA1 2ED3
£200K09/210.42 mi48, Wood Street, Taunton, Somerset TA1 1UW3
£236.5K06/230.42 mi13, Obridge Crescent, Taunton, Somerset TA2 7PZ3

Local Rents

20 rents from £1.3K/mo to £3K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£2,95002/240.28 mi-3
£2,95009/240.28 mi-3
£2,95009/240.28 mi-3
£2,95009/240.28 mi-3
£2,95009/240.28 mi-3
£2,95007/240.28 mi-3
£2,95008/240.28 mi-3
£2,95002/250.28 mi-3
£2,95003/250.28 mi-3
£1,30009/240.28 miFirepool Crescent, Taunton3
£1,30009/240.29 miFirepool Crescent, Taunton3
£2,70009/240.37 mi-3
£2,70012/240.37 mi-3
£2,70002/250.37 mi-3
£2,70003/250.37 mi-3
£1,40008/240.38 mi-3
£1,35009/240.43 miSheldon Court, Taunton3
£1,30009/240.44 miEaton Crescent, Taunton3
£1,40009/240.49 mi-3
£1,25002/250.54 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £125,000

July 16, 2024

Sold for £62,000

2002

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • NO ONWARD CHAIN +
  • Council Tax Band B +
  • Central Town Location +
  • In Need of Complete Modernisation +
  • Permit Parking and Enclosed Rear Garden +

SUMMARY
Fox and Sons Taunton are delighted to bring to the market this Mid-Terrace Victorian property which is in need of complete modernisation. 95 Winchester Street benefits from Three Bedrooms and is available with NO ONWARD CHAIN.

DESCRIPTION
This Victorian Mid-Terrace home, comprising three bedrooms, is situated in Winchester Street which is in the heart of Taunton just a stone throws away from town centre. The property has permit parking and an enclosed rear garden.

The County Town of Taunton has a vast range of amenities with excellent communication links via the M5 Motorway, Train Station and Bus Routes.

Call us now to book a viewing!

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall 
Staircase rising to First Floor Landing

Lounge 14' 2" Into Bay x 11' 7" ( 4.32m Into Bay x 3.53m )
Bay Window. Wooden Flooring. Fireplace.

Dining Room 
Window to the rear. Hard flooring.

Kitchen 11' x 9' 1" ( 3.35m x 2.77m )
Accessed via a sliding door from the Dining Room. Window to the side of the property. Range of wall and base units with worktop over. Stainless steel sink and drainer.

Inner Hall 
Window and door leading out to the rear garden.

Bathroom 
Frosted rear window. Suite comprising WC, wash hand basin and bath.

First Floor Landing 
Wooden flooring. Small access to Loft Space.

Bedroom 1 15' 1" x 11' 8" ( 4.60m x 3.56m )
Two double glazed windows overlooking the front of the property. Wooden flooring.

Bedroom 2 12' 9" x 9' 2" ( 3.89m x 2.79m )
Double glazed window overlooking the rear of the property. Wooden flooring.

Bedroom 3 11' 5" x 9' 6" ( 3.48m x 2.90m )
Double glazed window overlooking the rear garden. Wooden flooring. Cupboard.

Rear Garden 
Enclosed by a wall and fencing. A pathway leads from the house to a patio area.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Taunton

01823 211790

Next Steps?

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