2 Bed Flat, Single Let, Taunton, TA2 6EY, £160,000

Mill House Road, Norton Fitzwarren, Taunton, Somerset, TA2 6EY - 8 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~60 m²
+10 photos

ValuationOvervalued

Sold Prices£60K - £219.9K
Sold Prices/m²£1.1K/m² - £6.8K/m²

 

 

Square Metres

~60.29 m²
Price/m²£2.7K/m²

Value Estimate

£134,445

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£900 - £1,200

Rent Estimate

£925

Running Costs/mo

£705

Cashflow/mo

£220

Cashflow/yr

£2,640

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £60K to £219.9K, average is £138K. £1.1K/m² to £6.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£130K02/210.07 mi52, Mill House Road, Norton Fitzwarren, Taunton, Somerset TA2 6DA2
£128K11/210.07 mi51, Mill House Road, Norton Fitzwarren, Taunton, Somerset TA2 6DA2
£150.3K08/220.12 mi71, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BS2
£121.5K05/210.12 mi73, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BS2
£126K06/210.12 mi72, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BS2
£155K02/230.3 mi53, Yarlington Close, Norton Fitzwarren, Taunton, Somerset TA2 6RR2
£138K03/210.65 mi2, Parsonage Court, Bishops Hull, Taunton, Somerset TA1 5HR2
£125K10/200.66 mi24, Farrant Close, Bishops Hull, Taunton, Somerset TA1 5EL2
£105K02/240.67 mi18, Parsonage Court, Bishops Hull, Taunton, Somerset TA1 5HR2
£132K11/230.75 mi73, Darwin Close, Taunton, Somerset TA2 6TR2
£156K06/230.83 mi11, Haydon Close, Bishops Hull, Taunton, Somerset TA1 5HF2
£150K03/230.83 mi8, Haydon Close, Bishops Hull, Taunton, Somerset TA1 5HF2
£120K11/200.98 mi7a, Smithy, Bishops Hull, Taunton, Somerset TA1 5DT2
£148K06/231.15 miFlat 19, Monmouth Court, Bindon Road, Taunton, Somerset TA2 6AX2
£110K02/211.15 miFlat 1, Monmouth Court, Bindon Road, Taunton, Somerset TA2 6AX2
£152K08/231.24 mi66c, Deane Drive, Taunton, Somerset TA1 5PR2
£173K12/231.37 miFlat 6, Chamberlain House, Richmond Road, Taunton, Somerset TA1 1EP2
£167K08/231.39 mi181a, Greenway Road, Taunton, Somerset TA2 6LQ2
£215.9K01/231.57 miFlat 10, Elm Park, Elm Grove, Taunton, Somerset TA1 1EH2
£175K10/231.58 miFlat 3, Essex Court, Essex Drive, Taunton, Somerset TA1 4JZ2
£155K10/211.61 miFlat 2, Wiltshire Court, Wiltshire Close, Taunton, Somerset TA1 4JS2
£176K05/231.61 miFlat 28, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ2
£175K06/231.61 miFlat 7, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ2
£125K12/201.63 mi23, Northfield Gardens, Taunton, Somerset TA1 1XN2
£60K11/201.64 mi2, Northfield Gardens, Taunton, Somerset TA1 1XN2
£160K05/211.66 miFlat 4, Bath House Court, Wellington Road, Taunton, Somerset TA1 4EQ2
£180K10/201.66 miFlat 8, Bath House Court, Wellington Road, Taunton, Somerset TA1 4EQ2
£124.6K06/211.67 mi17, Northfield Gardens, Taunton, Somerset TA1 1XN2
£137K09/211.68 miFlat 44, Seville Court, Burchs Close, Taunton, Somerset TA1 4TR2
£138K04/211.69 mi1, Rupert Street, Taunton, Somerset TA2 6JT2
£138K04/211.69 mi1, Rupert Street, Taunton, Somerset TA2 6JT2
£128.5K06/211.69 mi3, Rupert Street, Taunton, Somerset TA2 6JT2
£155K03/231.7 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£140K10/201.7 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£133K09/211.74 mi38, Gladstone Street, Taunton, Somerset TA2 6LY2
£156.6K01/231.74 mi39, Gladstone Street, Taunton, Somerset TA2 6LY2
£110K10/201.74 mi45, Gladstone Street, Taunton, Somerset TA2 6LY2
£125K09/211.74 mi50, Gladstone Street, Taunton, Somerset TA2 6LY2
£193K01/231.76 miFlat 9, Haseley Court, Ferndown Close, Taunton, Somerset TA1 4TL2
£180K02/241.76 miHaseley Court, Flat 11, Ferndown Close, Taunton, Somerset TA1 4TL2
£180K07/231.76 miFlat 4, Blythe Court, Ferndown Close, Taunton, Somerset TA1 4TJ2
£182K01/231.76 miFlat 9, Blythe Court, Ferndown Close, Taunton, Somerset TA1 4TJ2
£125K09/221.76 mi35b, Greenway Road, Taunton, Somerset TA2 6LA2
£136K09/231.76 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£120K10/201.77 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£130K03/211.77 miFlat 6, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£122K12/201.77 miFlat 8, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£105K06/211.77 mi11c, Park Street, Taunton, Somerset TA1 4DF2
£130K06/211.77 miFlat 4, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£219.9K03/231.79 miFlat 22, Compass Court, Compass Rise, Taunton, Somerset TA1 4PP2

Local Rents

11 rents from £900/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,10001/240 mi-2
£95001/240.06 mi-2
£95012/230.06 mi-2
£1,10009/240.07 miMorse Road, Norton Fitzwarren, Taunton2
£90009/240.2 miMarshall Court, Norton Fitzwarren, Somerset2
£92509/240.3 mi-2
£92509/240.3 mi-2
£92507/240.3 mi-2
£1,20009/240.37 miApple Tree Close, Norton Fitzwarren, TAUNTON2
£1,10003/250.46 mi-2
£99002/240.49 mi-2

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

2.21 miles away

Nearest school

0.30 miles away

Nearest train station

1.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £160,000

August 20, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • A Beautifully Presented Apartment +
  • Ground Floor +
  • Two Double Bedrooms +
  • Kitchen with Integral Appliances +
  • Contemporary Style Bathroom +
  • Open Plan Layout +
  • Allocated Parking +
  • Village Location +

A beautifully decorated modern ground floor apartment located in the ever popular village of Norton Fitzwarren which benefits from an allocated parking space.

A buzzer entry system is in place for security and a communal hallway provides access to the property. On entering the apartment, there is an entrance hallway that provides a useful space for shoes and coats. The inner hallway leads to all further rooms, briefly comprising; the bathroom which has been fitted with a contemporary style suite that offers a walk in shower, two double bedrooms and a bright and spacious living room that opens into a dining space and its modern high gloss kitchen which has been fitted with a washing machine, dishwasher, four ringed hob and electric oven and fridge freezer.

LOCATION
Local amenities within Norton Fitzwarren include a doctor’s surgery/pharmacy, veterinary clinic, Co-operative convenience shop, hair salon, church, allotments walking distance with buses to the hospital and town. The village hall offers a cafe and runs various classes and workshops.

SERVICES
This property offers gas fired central heating and mains electricity, water and drainage.

OTHER INFORMATION:
Lease length 155 years from 2016
Ground rent £175.00 P/A
Service charge £830.00
Exit Taunton via Wellington Road and continue onto Wellington New Road. At the roundabout take the third exit onto the Silk Mills Road and continue for approximately one mile, turning left onto Great Western Way and then taking the first exit at the roundabout which continues as Great Western Way and proceed towards the back of the developement. The property will be found on the right hand side.

Agent Details

Webbers Property Services, Taunton

01823 218142

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪