2 Bed Flat, Single Let, Taunton, TA2 7EJ £145,000

Lyngford Road, Taunton, Somerset, TA2 7EJ - 2 views - a year ago
Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
Property image

ValuationUndervalued

Sold Prices£100K - £211K
Sold Prices/m²£1.6K/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£162,057
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,850

Total Cash In

£45,100

 

 

Cash Out

 

Rent Range

£825 - £1,250

Rent Estimate

£856

Running Costs/mo

£644

Cashflow/mo

£212

Cashflow/yr

£2,540

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £100K to £211K, average is £145K. £1.6K/m² to £3.4K/m², average is £2.4K/m².

Price
Date
Distance
Address
Beds
 
£132.5K09/210.16 mi19b, Radlet Close, Taunton, Somerset TA2 8EB2
£118K09/220.18 mi10a, Blackmoor Road, Taunton, Somerset TA2 8EJ2
£100K10/230.24 mi245b, Eastwick Road, Taunton, Somerset TA2 7HJ2
£148K12/220.34 mi97, Massingham Park, Taunton, Somerset TA2 7TQ2
£150K02/240.35 mi101, Massingham Park, Taunton, Somerset TA2 7TQ2
£170K06/230.35 mi5b, Grange Drive, Taunton, Somerset TA2 7DY2
£155K09/220.36 mi17, Massingham Park, Taunton, Somerset TA2 7TG2
£108K08/210.37 mi171, Massingham Park, Taunton, Somerset TA2 7TN2
£125K08/210.37 mi167, Massingham Park, Taunton, Somerset TA2 7TN2
£145K02/230.37 mi194, Massingham Park, Taunton, Somerset TA2 7TN2
£135K01/230.37 mi153, Massingham Park, Taunton, Somerset TA2 7TN2
£138K02/230.37 mi170, Massingham Park, Taunton, Somerset TA2 7TN2
£132K03/230.37 mi196, Massingham Park, Taunton, Somerset TA2 7TN2
£145K07/230.37 mi195, Massingham Park, Taunton, Somerset TA2 7TN2
£118K07/210.38 mi19, Bossington Drive, Taunton, Somerset TA2 8HF2
£210K10/220.39 mi28, Standfast Place, Taunton, Somerset TA2 8QG2
£145K01/250.39 mi191, Massingham Park, Taunton TA2 7TN2
£145K01/250.39 mi191, Massingham Park, Taunton TA2 7TN2
£145K01/250.39 mi191, Massingham Park, Taunton TA2 7TN2
£145K08/250.39 mi195, Massingham Park, Taunton TA2 7TN2
£125K09/240.4 mi168, Massingham Park, Taunton TA2 7TN2
£137K10/210.49 mi27, Wellesley Street, Taunton, Somerset TA2 7DS2
£132.5K09/220.52 mi93a, Dorchester Road, Taunton, Somerset TA2 7RL2
£124.3K10/240.54 miEdward Court, 5, Plais Street, Taunton TA2 7DX2
£170K07/230.58 mi63b, George Street, Taunton, Somerset TA2 7DG2
£180K09/240.59 mi63a, George Street, Taunton TA2 7DG2
£182.5K12/240.59 mi63b, George Street, Taunton TA2 7DG2
£182.5K12/240.59 mi63b, George Street, Taunton TA2 7DG2
£165K01/230.59 mi35, Cunningham Court, Taunton, Somerset TA1 1AR2
£175K09/230.59 mi36, Cunningham Court, Taunton, Somerset TA1 1AR2
£170K02/250.6 mi27, Firepool View, Taunton TA1 1NY2
£160K10/240.61 miHatchers Court, 11, Kingston Road, Taunton TA2 7SP2
£151K08/240.61 miHatchers Court, 2, Kingston Road, Taunton TA2 7SP2
£172.5K08/230.62 mi50, Firepool Crescent, Taunton, Somerset TA1 1AT2
£185K12/230.62 mi29, Firepool View, Taunton, Somerset TA1 1NY2
£187K01/230.62 mi16, Firepool View, Taunton, Somerset TA1 1PS2
£160K12/240.65 mi57, Gladstone Street, Taunton TA2 6LY2
£160K12/240.65 mi57, Gladstone Street, Taunton TA2 6LY2
£160K12/240.65 mi57, Gladstone Street, Taunton TA2 6LY2
£139.5K01/250.66 mi50, Gladstone Street, Taunton TA2 6LY2
£152K02/250.67 mi43, Gladstone Street, Taunton TA2 6LY2
£152K02/250.67 mi43, Gladstone Street, Taunton TA2 6LY2
£139.5K01/250.68 mi50, Gladstone Street, Taunton, Somerset TA2 6LY2
£133K09/210.68 mi38, Gladstone Street, Taunton, Somerset TA2 6LY2
£156.6K01/230.68 mi39, Gladstone Street, Taunton, Somerset TA2 6LY2
£125K09/220.69 mi35b, Greenway Road, Taunton, Somerset TA2 6LA2
£127K01/250.7 mi32, Greenway Road, Taunton TA2 6LB2
£127K01/250.7 mi32, Greenway Road, Taunton TA2 6LB2
£127K01/250.7 mi32, Greenway Road, Taunton TA2 6LB2
£211K11/230.72 mi52, Geoffrey Farrant Walk, Taunton, Somerset TA1 1PU2

Local Rents

50 rents from £825/mo to £1.3K/mo, average is £995/mo.

Rent
Date
Distance
Address
Beds
 
£95007/250.18 miBlackmoor Road, TAUNTON2
£94511/250.19 miEastwick Farm Apartments, Eastwick Road, Taunton, Somerset, TA22
£94511/250.19 miEastwick Farm Apartments, Eastwick Road, Taunton, Somerset, TA22
£82508/250.19 miEastwick Road, Taunton, Somerset, TA22
£1,10005/250.3 mi-2
£97506/250.32 miMassingham Park2
£1,00007/250.34 miMassingham Park, Taunton, 2
£1,10009/240.35 miMassingham Park, TAUNTON2
£95009/240.35 miMassingham Park, Taunton2
£1,00007/250.36 miStandfast Place, Taunton,2
£95007/250.36 miMassingham Park, Taunton2
£95006/250.37 miMassingham Park, Taunton, Somerset2
£1,10008/250.37 miMassingham Park, TAUNTON2
£1,10009/250.37 miMassingham Park, TAUNTON2
£90009/240.37 miNorth Taunton, Somerset2
£1,10009/250.37 miMassingham Park, Taunton2
£95011/250.37 miMassingham Park, Taunton, Somerset, TA2 7TG 2
£90009/240.37 miMassingham Park, Taunton2
£1,00006/250.38 miMassingham Park, Taunton2
£90009/240.38 miMassingham Park, Taunton2
£99511/250.39 miMassingham Park, Taunton, TA22
£1,00009/240.39 mi-2
£1,00007/250.39 mi-2
£85008/250.39 miCheddon Mews, Taunton2
£1,00011/250.4 miCheddon Mews, Taunton2
£1,10008/250.4 miMassingham Park, Taunton2
£1,10005/250.41 miCheddon Mews, Taunton2
£99511/240.42 mi-2
£99510/250.42 mi-2
£1,15009/250.46 miCheddon Road, TAUNTON2
£1,00007/250.46 miEaton Crescent, Taunton2
£1,15010/250.46 miEaton Crescent, Taunton2
£1,20011/250.46 miEaton Crescent2
£99511/250.46 miKilve Close, Taunton, Somerset, TA22
£89507/250.47 miEaton Crescent Taunton2
£1,10009/250.47 miEaton Crescent Taunton2
£99511/250.48 miWellesley Street2
£95008/250.48 miMonkton Heathfield, Taunton2
£89505/250.48 miWellesley Street, Taunton.2
£1,15011/250.5 miWellesley Street, Taunton2
£82508/250.5 miBagborough Road, Taunton, TA22
£95005/250.52 mi-2
£89508/250.52 miDorchester Road, Taunton, Somerset, TA22
£1,05008/250.53 mi-2
£99509/250.53 miCompton Close, Taunton, TA22
£85008/250.54 miCompton Close, Taunton2
£1,15012/240.54 mi-2
£1,10010/250.55 miPortman Street, Taunton2
£85011/250.56 miCheddon Road, Taunton, TA22
£1,25008/250.56 miPortman Street2

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

1.18 miles away

Nearest school

0.10 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £145,000

August 13, 2024

Floor Plans

Property image

Description

  • A LOVELY GROUND FLOOR FLAT +
  • 2 BEDROOMS +
  • SITTING/DINING ROOM +
  • KITCHEN +
  • FAMILY BATHROOM +
  • DOUBLE GLAZING +
  • GAS CENTRAL HEATING +
  • COMMUNAL GARDENS +
  • COMMUNAL PARKING +
  • GOOD DECORATIVE ORDER THROUGHOUT +

Accommodation
Communal entrance giving access to the front door opening to:-

Entrance Hall
With a ceiling light and doors to:-

Sitting/Dining Room
c.16'9 x 13'11 (5.10m x 4.23m)
With 2 double glazed windows to the front aspect, electric focal point fire with decorative surround, radiator, television point, ceiling light, door to the inner hallway.

Kitchen
c.11' x 7'8 (3.35m x 2.33m)
With a double glazed window to the rear aspect, fitted units comprising both floor and wall mounted storage cupboards and drawers, with working surfaces incorporating a 1&1/4 bowl single drainer sink unit with mixer tap, space and point for electric cooker with extractor cooker hood over, built-in fridge and built-in freezer, space and plumbing for a washing machine, tiling to splash prone areas, radiator, cupboard housing the wall mounted gas boiler for the hot water and central heating, ceiling light.

Inner Hallway
With a ceiling light and doors to:-

Bedroom 1
c.12'3 x 11'2 (3.73m x 3.40m)
With double glazed windows to the side and front aspects, radiator, built-in wardrobe, built-in storage cupboard, radiator, ceiling light.

Bedroom 2
c.10'11 x 10'11 (3.32m x 3.32m)
With a double glazed window to the rear aspect, radiator, ceiling light.

Family Bathroom
With a double glazed window to the rear aspect, a suite comprising of a bath, wash hand basin, close coupled WC, fully tiled shower cubicle, tiling to splash prone areas, heated towel rail and ceiling light.

Outside
There are communal gardens, communal parking and drying area, outside storage shed.

Lease :- Approx. 80 years left, £218.00 pa to pay ground rent and maintenance, this is to be confirmed by the vendor.

Council Tax Band :- A

Construction :- Rendered brick under a tiled roof.

Utilities :- Mains electric, gas, water and drainage.

Primary School Catchment :- Wellsprings School

Secondary School Catchment :- The Academy

Directions
Head out of Taunton along Priorswood road, turn left into Lyngford Road and the block of flats will be found on your left just before the end of the road.

Agent Details

TRG Lawrence & Son, Taunton

01823 211787

Next Steps?

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