2 Bed Flat, Cash/Bridging Only, Taunton, TA1 2PZ, £130,000

12 Snowberry Court, Taunton, TA1 2PZ - 1 views - 8 months ago

Sold STC
Leasehold
Cash
60 m²
+2 photos

ValuationFair Value

Sold Prices£90K - £340K
Sold Prices/m²£1.8K/m² - £3.2K/m²

 

 

Square Metres

60 m²
Price/m²£2.2K/m²

Value Estimate

£131,300

 

 

End Value (After Refurb)

£171,034

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£24,400

Bridging Loan Interest

£3,413

Total Cash In

£67,163

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£171,034

Mortgage (After Refinance)

£128,276

Mortgage LTV

75%

Cash Released

£30,776

Cash Left In

£36,387

Equity

£42,759

Rent Range

£925 - £1,500

Rent Estimate

£675

Running Costs/mo

£689

Cashflow/mo

£-14

Cashflow/yr

£-174

Gross Yield

6%

Local Sold Prices

51 sold prices from £90K to £340K, average is £147.5K. £1.8K/m² to £3.2K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£118K12/200.07 mi3, Lower Holway Close, Taunton, Somerset TA1 2LN2
£121K11/200.1 mi11, Juniper Road, Taunton, Somerset TA1 2QD2
£144K06/210.21 mi7, Alder Close, Taunton, Somerset TA1 2QP2
£195K06/210.6 miFlat 5, Fullands House, Shoreditch Road, Taunton, Somerset TA1 3DF2
£155K02/210.64 mi33, Trinity Road, Taunton, Somerset TA1 3JJ2
£130K12/210.73 mi3a, Hamilton Court, Taunton, Somerset TA1 2PA2
£125K02/230.73 mi3b, Hamilton Court, Taunton, Somerset TA1 2PA2
£155K02/230.73 mi2b, Hamilton Court, Taunton, Somerset TA1 2PA2
£143K10/230.77 miFlat 8, Trinity Gate, Queen Street, Taunton, Somerset TA1 3DS2
£250K02/210.8 miFlat 5, Annecy Court, St Josephs Field, Taunton, Somerset TA1 3TE2
£202.5K03/240.8 miAnnecy Court, Flat 9, St Josephs Field, Taunton, Somerset TA1 3TE2
£295K11/210.82 miFlat 7, Annecy Court, St Josephs Field, Taunton, Somerset TA1 3TE2
£138K03/230.99 mi5, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£130K10/211 mi39, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£150K04/231 mi38, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£160K12/231 mi44, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£160K12/231 mi44, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£112.5K11/201 mi10, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£148K03/211.03 mi42b, Laburnum Street, Taunton, Somerset TA1 1LB2
£115K01/211.11 mi37, Winters Field, Taunton, Somerset TA1 1PY2
£120K07/211.13 miFlat 6, Vivary Gate, Upper High Street, Taunton, Somerset TA1 3PX2
£160K05/231.13 miFlat 12, Vivary Gate, Upper High Street, Taunton, Somerset TA1 3PX2
£150K09/231.13 mi9, The Octagon, Taunton, Somerset TA1 1RT2
£165K01/231.14 mi2, The Octagon, Taunton, Somerset TA1 1RT2
£172.5K08/231.18 mi50, Firepool Crescent, Taunton, Somerset TA1 1AT2
£211K11/231.19 mi52, Geoffrey Farrant Walk, Taunton, Somerset TA1 1PU2
£185K12/231.22 mi29, Firepool View, Taunton, Somerset TA1 1NY2
£100K01/231.23 miFlat 1, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£105K08/231.23 miFlat 8, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£90K12/231.23 miFlat 13, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£225K02/211.25 miFlat 45, Vivary House, Kinglake Drive, Taunton, Somerset TA1 3RR2
£200K03/231.25 miFlat 76, Sherford Lodge, Kinglake Drive, Taunton, Somerset TA1 3RR2
£340K08/231.25 miFlat 19, Blagdon Lodge, Kinglake Drive, Taunton, Somerset TA1 3RR2
£165K01/231.27 mi35, Cunningham Court, Taunton, Somerset TA1 1AR2
£159K11/201.27 mi36, Firepool View, Taunton, Somerset TA1 1PS2
£179K02/211.27 mi28, Firepool View, Taunton, Somerset TA1 1PS2
£147.5K01/211.27 mi2, Cunningham Court, Taunton, Somerset TA1 1AR2
£175K09/231.27 mi36, Cunningham Court, Taunton, Somerset TA1 1AR2
£172K07/211.27 mi4, Firepool View, Taunton, Somerset TA1 1PS2
£187K01/231.27 mi16, Firepool View, Taunton, Somerset TA1 1PS2
£138K09/231.3 miFlat 42, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£122.5K09/231.3 miFlat 27, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£120K06/211.31 miFlat 2, Turkey Court, Vivary Road, Taunton, Somerset TA1 3JN2
£122.5K08/211.31 miFlat 2, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£122K11/211.33 miFlat 28, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£90K10/231.33 miFlat 7, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£100K10/231.33 miFlat 44, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£95K11/231.33 miFlat 43, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£109K04/211.34 mi26, Massingham Park, Taunton, Somerset TA2 7TG2
£120K01/211.34 mi194, Massingham Park, Taunton, Somerset TA2 7TN2
£145K02/231.34 mi194, Massingham Park, Taunton, Somerset TA2 7TN2

Local Rents

10 rents from £925/mo to £1.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00009/240.06 mi-2
£99509/240.25 miRyburn Close, Taunton TA1 2
£1,10007/240.3 mi-2
£99509/240.35 miBowmont Grove, Taunton2
£1,15007/240.38 mi-2
£1,05009/240.41 miRedlake Drive, Taunton TA12
£92509/240.47 miTyne Park, Taunton, Somerset2
£1,50002/240.47 mi-2
£1,50002/240.47 mi-2
£95009/240.53 miClover Mead,taunton,somerset2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.96 miles away

Nearest school

0.20 miles away

Nearest train station

1.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £130,000

July 30, 2024

Floor Plans

Description

  • Two Bedrooms +
  • uPVC Double Glazing +
  • Electric Night Storage Heating +
  • Allocated Parking +
  • Close To Amenities +

A two bedroom modern purpose built apartment situated close to amenities in the popular residential location of Holway.

The property, which is currently let and achieving a monthly rental of £675pcm, benefits from uPVC double glazing and electric storage heating and is further enhanced by a private allocated parking space.

Internally, a front door leads into entrance hall with staircase rising to the first floor. There is a generous size living room with window giving front aspect and doorway through to a modern fitted kitchen. The kitchen comprises a range of matching wall and base units, roll edge worksurfaces and tiled splashbacks with stainless steel oven, electric hob, space and plumbing for a washing machine and a tall fridge/freezer. Off the main hallway are two bedrooms and a family bathroom comprising of wc, wash hand basin, bath with tiled surround and electric shower over.

MEASUREMENTS [All measurements are approximate]:
GROUND FLOOR:
ENTRANCE HALL
FIRST FLOOR:
LIVING/DINING ROOM: 19'4" x 10'7" (5.89m x 3.22m),
KITCHEN: 5'3" x 10'7" (1.60m x 3.22m),
BEDROOM ONE: 13'3" x 8'8" (4.03m x 2.64m),
BEDROOM TWO: 6'8" x 10'4" (2.03m x 3.14m),
BATHROOM: 7'4" x 6'6" (2.23m x 1.98m)

GENERAL REMARKS AND STIPULATIONS:
Tenure: The property is offered for sale leasehold by private treaty.
Lease Information: Lease Length: 999 years from 25th May 2004 (980 years remaining). Service Charge: £75 per month.
Services: Mains water with meter, mains electricity, mains drainage, electric storage heating.
Local Authority: Somerset Council, County Hall, The Crescent, Taunton, Somerset, TA1 4DY
Property Location: w3w.co/gossiped.quail.requests
Council Tax Band: B
EPC: D
Broadband Availability: Superfast with up to 50 Mbps download speed and 9 Mbps upload speed.
Mobile Phone Coverage: Voice & data likely with EE.
Flood Risk: Rivers & Sea-very low. Surface water-very low.

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. 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

Next Steps?

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