2 Bed Terraced House, Refurb/BRRR, Taunton, TA2 7BU, £150,000

28 Portman Street, Taunton, Somerset, TA2 7BU - 8 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 2%
~86 m²
+5 photos

ValuationUndervalued

Sold Prices£160K - £267K
Sold Prices/m²£1.6K/m² - £4.1K/m²

 

 

Square Metres

~85.50 m²
Price/m²£1.8K/m²

Value Estimate

£154,500
BMV3%

 

 

End Value (After Refurb)

£204,034

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£34,770

Bridging Loan Interest

£3,938

Total Cash In

£86,658

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£204,034

Mortgage (After Refinance)

£153,026

Mortgage LTV

75%

Cash Released

£40,526

Cash Left In

£46,132

Equity

£51,009

Rent Range

£650 - £1,600

Rent Estimate

£998

Running Costs/mo

£857

Cashflow/mo

£141

Cashflow/yr

£1,690

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £160K to £267K, average is £200K. £1.6K/m² to £4.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£200K04/230 mi16, Portman Street, Taunton, Somerset TA2 7BU2
£165K03/230.02 mi17, Portman Street, Taunton, Somerset TA2 7BT2
£185K07/210.03 mi8, Belgrave Place, Taunton, Somerset TA2 7BP2
£186.5K12/200.04 mi12, George Street, Taunton, Somerset TA2 7DD2
£230K11/230.06 mi7, Cherry Grove, Taunton, Somerset TA2 7SH2
£180K06/210.06 mi43, Cherry Grove, Taunton, Somerset TA2 7SH2
£189.9K12/220.06 mi17, Cherry Grove, Taunton, Somerset TA2 7SH2
£250K01/240.06 mi16, George Street, Taunton, Somerset TA2 7DD2
£172K05/210.06 mi2, George Street, Taunton, Somerset TA2 7DD2
£178K03/210.07 mi54, Kingston Road, Taunton, Somerset TA2 7SQ2
£175K12/200.08 mi5, George Street, Taunton, Somerset TA2 7DF2
£210K09/230.08 mi27, George Street, Taunton, Somerset TA2 7DF2
£247.5K06/230.08 mi19, George Street, Taunton, Somerset TA2 7DF2
£175K12/200.08 mi5, George Street, Taunton, Somerset TA2 7DF2
£210K07/210.1 mi68, Kingston Road, Taunton, Somerset TA2 7SJ2
£197K10/210.1 mi100, Cheddon Road, Taunton, Somerset TA2 7DW2
£185K08/210.11 mi115, Cheddon Road, Taunton, Somerset TA2 7DH2
£235K12/220.11 mi92, Cheddon Road, Taunton, Somerset TA2 7DW2
£220K01/230.11 mi106a, Cheddon Road, Taunton, Somerset TA2 7DW2
£192.8K12/220.11 mi82, Cheddon Road, Taunton, Somerset TA2 7DW2
£248K01/230.14 mi24, Greenway Road, Taunton, Somerset TA2 6LB2
£175K10/200.16 mi24, Gladstone Street, Taunton, Somerset TA2 6LY2
£188K10/200.16 mi11, Gladstone Street, Taunton, Somerset TA2 6LY2
£202.5K03/210.16 mi23, Gladstone Street, Taunton, Somerset TA2 6LY2
£230K03/230.16 mi23, Gladstone Street, Taunton, Somerset TA2 6LY2
£210K06/210.16 mi2, Grove Terrace, Taunton, Somerset TA2 6HA2
£162K12/200.17 mi17, Arnold Close, Taunton, Somerset TA2 7SD2
£177K11/200.17 mi18, Arnold Close, Taunton, Somerset TA2 7SD2
£200K06/210.17 mi24, Arnold Close, Taunton, Somerset TA2 7SD2
£255K12/230.18 mi1, Salisbury Street, Taunton, Somerset TA2 6NA2
£210K08/210.19 mi13, William Street, Taunton, Somerset TA2 6HG2
£228K05/230.19 mi3, Jubilee Street, Taunton, Somerset TA2 6JA2
£200K03/210.19 mi27, Thomas Street, Taunton, Somerset TA2 6HB2
£190K03/210.19 mi25, Thomas Street, Taunton, Somerset TA2 6HB2
£267K01/230.2 mi36, William Street, Taunton, Somerset TA2 6HQ2
£219K05/210.2 mi3, Rosebery Street, Taunton, Somerset TA2 6NF2
£160K11/200.21 mi1, Thomas Street, Taunton, Somerset TA2 6HB2
£235K04/230.21 mi17, Herbert Street, Taunton, Somerset TA2 6HJ2
£175K09/210.23 mi61, Greenway Road, Taunton, Somerset TA2 6LD2
£200K10/230.23 mi3, Plais Street, Taunton, Somerset TA2 7PR2
£235K03/230.25 mi12, Compton Close, Taunton, Somerset TA2 7UD2
£203K07/230.25 mi5, Compton Close, Taunton, Somerset TA2 7UD2
£182.5K12/200.25 mi30, Compton Close, Taunton, Somerset TA2 7UD2
£200K04/230.25 mi11, Rupert Street, Taunton, Somerset TA2 6JT2
£192K02/230.25 mi18, Rupert Street, Taunton, Somerset TA2 6JT2
£203K10/210.27 mi26, Fowler Street, Taunton, Somerset TA2 6JB2
£194K05/210.27 mi17, Fowler Street, Taunton, Somerset TA2 6JB2
£205K10/230.27 mi13, Fowler Street, Taunton, Somerset TA2 6JB2
£220K01/230.29 mi33, Eaton Crescent, Taunton, Somerset TA2 7UE2
£260K12/210.33 mi55, Leslie Avenue, Taunton, Somerset TA2 6JW2

Local Rents

22 rents from £650/mo to £1.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£89509/240.08 miBelgrave Place, Taunton, TA22
£1,15012/240.15 mi-2
£89509/240.18 mi-2
£99503/250.2 mi-2
£1,10009/240.25 miRupert Street, Taunton TA12
£1,20009/240.25 mi-2
£95003/250.36 mi-2
£1,10009/240.41 miFirepool View, TAUNTON2
£75003/250.49 mi-2
£1,10009/240.5 mi-2
£1,10009/240.5 miMassingham Park, TAUNTON2
£95009/240.5 miMassingham Park, Taunton2
£90009/240.53 miMassingham Park, Taunton2
£90009/240.53 miNorth Taunton, Somerset2
£90009/240.53 miMassingham Park, Taunton2
£92509/240.58 miWoodstock Road, Taunton, TA12
£1,10009/240.58 miRichmond Road, TAUNTON2
£85011/240.58 mi-2
£99509/240.6 miPriory Avenue, Taunton2
£95009/240.6 miTaunton2
£1,60009/240.61 miCoal Orchard, TAUNTON2
£65003/250.62 mi-2

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

0.87 miles away

Nearest school

0.10 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £150,000

December 20, 2024

Listed for £165,000

July 26, 2024

Floor Plans

Description

  • Victorian terraced house +
  • Open plan lounge/dining room +
  • Fitted kitchen +
  • Fitted bathroom +
  • Enclosed front and rear gardens +
  • In need of modernisation +
  • Council Tax band B +
  • Freehold +

A period Victorian terraced house with open plan lounge/dining room, fitted kitchen, fitted bathroom suite, enclosed front and rear gardens, in need of modernisation. Council Tax band B, EPC rating D, Freehold

Situation - Portman Street is found off Cheddon Road, north of the Town Centre. The property is ideally suited for commuters providing easy reach to Taunton railway station with mainline rail links. The County Town of Taunton has an extensive range of shopping, leisure and scholastic amenities as well as having access to junction 25 of the M5 motorway.

Description - 28 Portman Street is a charming two bedroomed Victorian terraced house which is in need of general upgrading and is offered with no onward chain with enclosed rear garden.

Accommodation - A double glazed front door leads to an inner porch with door to hallway, stairs to first floor and open plan living/dining room with chimney breast with inset fireplace front aspect window, door to understairs storage cupboard, window to lean-to conservatory, door to kitchen. The kitchen is fitted with a range of matching wall and base units, worktops with built in oven, hob and extractor, plumbing and space for washing machine, rear aspect window, door to lean-to conservatory with double doors leading out to the rear garden.

On the first floor there are two bedrooms, the principle has a range of built in wardrobes which run along the length of one wall and front aspect window. Bedroom two has a rear aspect window and there is a fitted bathroom suite incorporating bath with shower over, low level wc, washbasin

Outside - There is an enclosed garden to the front of the property and to the rear the garden has been cleared and includes an area of patio.

Lettings - If you are considering investing in a Buy To Let or letting another property, and require advice on current rents, yields or general lettings information to ensure you comply, then please contact a member of our lettings team on or rentals. .

Services - Mains electricity, water, drains, gas central heating

Directions - Proceed out of Taunton along North Street and go over the bridge to Bridge Street. Continue on through the traffic lights before taking a right hand turning into Station Road. Pass the railway station and take a right hand turning at the next set of lights turning onto St Andrews Road and follow this road to the traffic lights and turn immediately left onto Cheddon Road. Continue on Cheddon Road and take your second left onto Portman Street and the property can be found on your right-hand side identified by a Stags For Sale board.

Agent Details

Stags, Taunton

01823 217460

Next Steps?

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