3 Bed Terraced House, Cash/Bridging Only, Taunton, TA2 7HT, £225,000

2 Cheddon Mews, Taunton, TA2 7HT - 8 months ago

Cash
ROI: 10%
~71 m²
+15 photos

ValuationOvervalued

Sold Prices£172.9K - £370K
Sold Prices/m²£2K/m² - £3.8K/m²

 

 

Square Metres

~71.20 m²
Price/m²£3.2K/m²

Value Estimate

£191,816

 

 

End Value (After Refurb)

£221,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£12,450

Refurb Costs

£28,955

Bridging Loan Interest

£5,906

Total Cash In

£105,311

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£221,250

Mortgage (After Refinance)

£165,938

Mortgage LTV

75%

Cash Left In

£105,311

Equity

£55,313

Rent Range

£1,150 - £2,950

Rent Estimate

£2,021

Running Costs/mo

£1,116

Cashflow/mo

£905

Cashflow/yr

£10,865

ROI

10%

Gross Yield

11%

Local Sold Prices

51 sold prices from £172.9K to £370K, average is £250K. £2K/m² to £3.8K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£172.9K05/210 mi7, Cheddon Mews, Taunton, Somerset TA2 7HT3
£225K01/240 mi29, Cheddon Mews, Taunton, Somerset TA2 7HT3
£220K11/210.05 mi5, Wellsprings Road, Taunton, Somerset TA2 7LX3
£265K12/200.07 mi182, Cheddon Road, Taunton, Somerset TA2 7AN3
£236K04/210.07 mi186, Cheddon Road, Taunton, Somerset TA2 7AN3
£277.5K04/240.07 mi174, Cheddon Road, Taunton, Somerset TA2 7AN3
£290K08/230.1 mi17, Colin Avenue, Taunton, Somerset TA2 7AT3
£250K05/230.13 mi6, Enmore Road, Taunton, Somerset TA2 7LS3
£197K11/210.13 mi1a, Eastwick Avenue, Taunton, Somerset TA2 7AJ3
£308K01/240.13 mi12, Eastwick Avenue, Taunton, Somerset TA2 7AJ3
£252K11/200.14 mi24, Colin Road, Taunton, Somerset TA2 7AS3
£280K10/230.14 mi30, Colin Road, Taunton, Somerset TA2 7AS3
£280K01/240.14 mi23, Colin Road, Taunton, Somerset TA2 7AS3
£220K12/210.17 mi24, Lyngford Square, Taunton, Somerset TA2 7ET3
£235K10/230.18 mi39, Wellsprings Road, Taunton, Somerset TA2 7LY3
£210K12/220.18 mi133, Wedlands, Taunton, Somerset TA2 7AD3
£190.8K10/200.18 mi39, Wedlands, Taunton, Somerset TA2 7AB3
£300K12/220.21 mi4, Cory Road, Taunton, Somerset TA2 7HZ3
£219K10/200.21 mi4, Cory Road, Taunton, Somerset TA2 7HZ3
£250K11/230.21 mi12, Cory Road, Taunton, Somerset TA2 7HZ3
£202K06/210.21 mi15, Lyngford Square, Taunton, Somerset TA2 7ES3
£275K06/210.21 mi23, Pyrland Avenue, Taunton, Somerset TA2 7BD3
£232K02/230.23 mi24, Lyngford Place, Taunton, Somerset TA2 7EP3
£285K11/230.24 mi4, Longacre Close, Taunton, Somerset TA2 7TA3
£260K04/240.24 mi14, Longacre Close, Taunton, Somerset TA2 7TA3
£235K11/200.25 mi23, Vera Street, Taunton, Somerset TA2 7DJ3
£280K07/230.25 mi31, Vera Street, Taunton, Somerset TA2 7DJ3
£280K07/230.25 mi31, Vera Street, Taunton, Somerset TA2 7DJ3
£340K06/230.26 mi162, Kingston Road, Taunton, Somerset TA2 7SR3
£196K01/210.26 mi111, Kingston Road, Taunton, Somerset TA2 7SP3
£306K05/210.26 mi112, Kingston Road, Taunton, Somerset TA2 7SP3
£260K09/230.27 mi35, Quantock Road, Taunton, Somerset TA2 7NN3
£205K12/230.27 mi35, George Street, Taunton, Somerset TA2 7DF3
£240K08/230.27 mi141, Lyngford Square, Taunton, Somerset TA2 7EY3
£233K08/230.29 mi10, Triscombe Road, Taunton, Somerset TA2 7PG3
£205K12/230.29 mi58, St Albans Place, Taunton, Somerset TA2 7BQ3
£340K08/210.3 mi299, Cheddon Road, Taunton, Somerset TA2 7BA3
£240K10/200.3 mi54, George Street, Taunton, Somerset TA2 7DE3
£220K10/210.3 mi84, Quantock Road, Taunton, Somerset TA2 7NS3
£265K10/230.32 mi97, Kingston Road, Taunton, Somerset TA2 7SN3
£225K05/210.33 mi54, Greenway Crescent, Taunton, Somerset TA2 6NH3
£370K03/230.33 mi42, Greenway Crescent, Taunton, Somerset TA2 6NH3
£285K11/230.33 miThe Elms, Hope Corner Lane, Taunton, Somerset TA2 7PB3
£250K10/210.33 mi63, Greenway Crescent, Taunton, Somerset TA2 6NH3
£350K12/220.34 mi30, Peile Drive, Taunton, Somerset TA2 7SZ3
£360.5K05/210.34 mi35, Peile Drive, Taunton, Somerset TA2 7SZ3
£185K04/210.36 mi15, Grange Drive, Taunton, Somerset TA2 7DY3
£180K05/210.36 mi22, Holford Road, Taunton, Somerset TA2 7PE3
£201K07/210.36 mi13, Grange Drive, Taunton, Somerset TA2 7DY3
£325K04/210.37 mi11, Glenwood Gardens, Taunton, Somerset TA2 7PA3
£185K06/210.37 mi37, Portman Street, Taunton, Somerset TA2 7BT3

Local Rents

28 rents from £1.1K/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35010/240.27 mi-3
£1,25009/240.28 mi-3
£1,25002/250.38 mi-3
£1,30009/240.5 miEaton Crescent, Taunton3
£1,27001/250.51 mi-3
£1,20009/240.73 miStandfast Place, Taunton, TA23
£1,30009/240.73 miThe Shaulders, Taunton, 3
£2,95002/240.74 mi-3
£2,95009/240.74 mi-3
£2,95009/240.74 mi-3
£2,95009/240.74 mi-3
£2,95009/240.74 mi-3
£2,95007/240.74 mi-3
£2,95008/240.74 mi-3
£2,95002/250.74 mi-3
£2,95003/250.74 mi-3
£1,30009/240.74 miFirepool Crescent, Taunton3
£1,30009/240.74 miFirepool Crescent, Taunton3
£1,15007/240.78 mi-3
£1,47509/240.78 miRossiter Road, Taunton3
£1,35009/240.89 miWoodstock Road3
£1,25009/240.92 miRichmond Road, Taunton, TA13
£1,35009/241 miSheldon Court, Taunton3
£2,70009/241.06 mi-3
£2,70012/241.06 mi-3
£2,70002/251.06 mi-3
£2,70003/251.06 mi-3
£1,15009/241.08 miBeadon Road, TAUNTON3

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

1.20 miles away

Nearest school

0.20 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £225,000

February 20, 2025

Listed for £230,000

August 16, 2024

Floor Plans

Description

  • Three Bedrooms +
  • End Terrace House +
  • One Off-Road Parking Space +
  • Private Rear Garden +
  • Mains Gas Fired Central Heating +
  • uPVC Double Glazed +
  • No Onward Chain +

The accommodation comprises in brief; entrance hallway with doors providing access into the cloakroom and living room. The cloakroom has a low level wc, wash hand basin and extractor fan. The living room has stairs rising to the first floor, a wall mounted electric fire and uPVC double glazed window providing aspect to the front. The kitchen/dining room completes the ground floor accommodation and comprises; a range of matching wall and base storage units with roll edge work surfaces above, stainless steel sink with hot and cold mixer tap, integrated electric oven with gas hob and extractor fan above, space for a fridge/freezer and space/plumbing for a washing machine. On the first floor there are three bedrooms (bedroom one with integrated wardrobe) and a family bathroom which comprises low level wc, wash hand basin and panelled bath with shower over. Externally, the rear garden is laid to patio for ease of maintenance. There is a timber shed, an external double electric socket, outside light, outside tap and pedestrian rear access. A short distance from the house there is one allocated, off-road parking space.

GENERAL REMARKS AND STIPULATIONS:
Tenure: The property is offered for sale freehold by private treaty with vacant possession on completion.
Services: Mains water with meter, mains electricity, mains drainage, gas fired central heating.
Local Authority: Somerset Council, County Hall, The Crescent, Taunton, Somerset, TA1 4DY
Property Location: w3w.co/chill.rested.vows
Council Tax Band: C
EPC: C
Broadband Availability: Ultrafast with up to 1000 Mbps download speed and 220 Mbps upload speed.
Mobile Phone Coverage: Indoor-voice likely available with O2. Outdoor-voice & data likely available with EE, Three, O2 & Vodafone.
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 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

Next Steps?

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