3 Bed Semi-Detached House, Cash/Bridging Only, Taunton, TA2 6TB, £235,000

45 Blackdown View, Norton Fitzwarren, TA2 6TB - 2 views - 8 months ago

Sold STC
Cash
ROI: 2%
~56 m²
+14 photos

ValuationOvervalued

Sold Prices£136.8K - £520K
Sold Prices/m²£1.8K/m² - £4.7K/m²

 

 

Square Metres

~56.30 m²
Price/m²£4.2K/m²

Value Estimate

£169,337

 

 

End Value (After Refurb)

£236,250

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,399

Refurb Costs

£22,895

Bridging Loan Interest

£6,169

Total Cash In

£97,963

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£236,250

Mortgage (After Refinance)

£177,188

Mortgage LTV

75%

Cash Released

£938

Cash Left In

£97,025

Equity

£59,063

Rent Range

£600 - £2,999

Rent Estimate

£1,175

Running Costs/mo

£993

Cashflow/mo

£182

Cashflow/yr

£2,181

ROI

2%

Gross Yield

6%

Local Sold Prices

30 sold prices from £136.8K to £520K, average is £256.3K. £1.8K/m² to £4.7K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£270K11/210.06 mi2, Taylor Close, Norton Fitzwarren, Taunton, Somerset TA2 6TA3
£270K02/230.06 mi18, Taylor Close, Norton Fitzwarren, Taunton, Somerset TA2 6TA3
£255K09/230.11 mi25, Northwood Close, Norton Fitzwarren, Taunton, Somerset TA2 6TD3
£232.5K05/230.11 mi35, Blackdown View, Norton Fitzwarren, Taunton, Somerset TA2 6RP3
£232.5K03/240.15 mi10, Coopers Mill, Norton Fitzwarren, Taunton, Somerset TA2 6NX3
£171.5K02/210.18 mi2, Spring Terrace, Norton Fitzwarren, Taunton, Somerset TA2 6QY3
£240K04/240.2 mi48, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BU3
£340K12/220.23 mi4, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SB3
£257.5K08/210.23 mi19, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SB3
£372.5K01/240.23 mi2, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SB3
£180.5K11/200.25 mi28, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SD3
£268K03/230.31 mi55, Mill House Road, Norton Fitzwarren, Taunton, Somerset TA2 6DA3
£280K03/210.37 mi2, Ford Cottages, Norton Fitzwarren, Taunton, Somerset TA2 6SH3
£275K06/210.4 mi63, Collett Road, Norton Fitzwarren, Taunton, Somerset TA2 6DB3
£520K06/210.62 miBarhams View, Langford Lane, Pen Elm, Taunton, Somerset TA2 6NZ3
£297K01/210.69 mi10, Nash Green, Staplegrove, Taunton, Somerset TA2 6BZ3
£275K02/210.69 mi34, Nash Green, Staplegrove, Taunton, Somerset TA2 6BZ3
£225K05/210.73 mi55, Showell Park, Staplegrove, Taunton, Somerset TA2 6BY3
£248K10/230.73 mi41, Showell Park, Staplegrove, Taunton, Somerset TA2 6BY3
£136.8K09/230.73 mi60, Showell Park, Staplegrove, Taunton, Somerset TA2 6BY3
£217K08/230.8 mi20, Mallory Close, Taunton, Somerset TA2 6UF3
£217K08/230.8 mi20, Mallory Close, Taunton, Somerset TA2 6UF3
£245K01/230.84 mi22, Hudson Way, Taunton, Somerset TA2 6UH3
£260K10/230.88 mi4, Shutewater Close, Bishops Hull, Taunton, Somerset TA1 5EH3
£375K07/230.94 miRokeby, Bishops Hull Road, Bishops Hull, Taunton, Somerset TA1 5EG3
£395K09/210.95 miOld Church Hall, Bishops Hull Road, Bishops Hull, Taunton, Somerset TA1 5EW3
£246.5K12/230.97 mi40, Scott Close, Taunton, Somerset TA2 6UN3
£255K02/230.97 mi10, Scott Close, Taunton, Somerset TA2 6UN3
£295K08/230.98 mi63, Scott Close, Taunton, Somerset TA2 6UL3
£223K11/200.98 mi107, Scott Close, Taunton, Somerset TA2 6UL3

Local Rents

51 rents from £600/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£92509/240.01 mi-2
£92509/240.01 mi-2
£92507/240.01 mi-2
£98509/240.2 miMorse Road, Norton Fitzwarren, Taunton1
£1,10009/240.23 miMorse Road, Norton Fitzwarren, Taunton2
£90009/240.25 miMarshall Court, Norton Fitzwarren, Somerset2
£95012/230.29 mi-2
£95001/240.29 mi-2
£1,10001/240.3 mi-2
£1,10003/250.31 mi-2
£99002/240.32 mi-2
£1,20009/240.33 miApple Tree Close, Norton Fitzwarren, TAUNTON2
£85009/240.35 miApple Tree Close, Norton Fitzwarren, Taunton, Somerset, TA21
£1,60009/240.41 miCollett Road, Norton Fitzwarren, TAUNTON4
£1,25010/230.41 mi-4
£95002/240.58 mi-2
£1,70009/240.6 miGrove Gate 4
£69502/240.64 mi-1
£1,15009/240.65 mi-3
£1,27511/240.65 mi-3
£99509/241.04 miHamwood, Taunton2
£1,30009/241.06 miBishops Hull Hill, Bishops Hull, Taunton2
£1,05009/241.1 miHele Manor Barns, Taunton, TA43
£97504/251.12 mi-2
£1,30009/241.13 miHele Manor Barns, Hele, Taunton, TA43
£95009/241.13 miMonmouth Court, Bindon Road, Taunton, Somerset, TA22
£1,09509/241.15 miStaplegrove Road, TAUNTON2
£99509/241.21 miHele Manor Barns, Hele, Taunton, TA42
£99503/251.21 mi-2
£75009/241.22 miFalcon Court, Heron Drive, Bishops Hull, Taunton, Somerset 1
£85009/241.25 miMountway Road 1
£2,95009/241.26 miManor Meadow, Staplegrove5
£65002/251.37 mi-2
£90009/241.41 miRichmond Road 2
£1,25009/241.44 miRichmond Road, Taunton, TA13
£1,10009/241.46 miRichmond Road, TAUNTON2
£75003/251.47 mi-2
£92509/241.52 miWoodstock Road, Taunton, TA12
£1,35009/241.53 miWoodstock Road3
£1,50009/241.57 miTaunton, TA13
£2,99909/241.58 miStonegallows, Taunton, Somerset, TA15
£2,00009/241.59 miFrench Weir Avenue 5
£1,75009/241.62 miTaunton4
£1,07509/241.65 miHilary Road, TAUNTON2
£60009/241.66 miKingston Road, Taunton1
£77509/241.67 miGreenway Avenue, Taunton1
£95001/251.68 mi-1
£1,75009/241.68 miManor Orchard, Taunton, TA13
£1,20009/241.69 mi-2
£1,10009/241.69 miRupert Street, Taunton TA12
£2,10006/231.69 mi-4

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

2.29 miles away

Nearest school

1.20 miles away

Nearest train station

1.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £235,000

December 4, 2024

Listed for £239,950

August 22, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Semi-Detached House +
  • Mains Gas Fired Central Heating +
  • uPVC Triple Glazing +
  • Ground Floor Cloakroom +
  • Popular Village Location +
  • Beautifully Maintained Rear Garden +

The accommodation comprises in brief; entrance hallway with stairs rising to the first floor, a useful ground floor cloakroom with low level wc and a wash hand basin. The open plan living room/kitchen is a light and airy room with triple glazed windows to the front and French doors providing access into the rear garden. There is a good size understairs storage cupboard plus a selection of matching wall and base storage units with work surfaces above. The kitchen has an integrated electric oven with integrated hob and extractor fan above, 1 & ½ bowl stainless steel sink with hot and cold mixer tap, space and plumbing for a washing machine and space for an under counter fridge and freezer. On the first floor there are three bedrooms and a family bathroom comprising low level wc, wash hand basin, heated towel rail and 'P' shaped panelled bath with a glass screen and a shower over. Externally, the rear garden is laid predominantly to lawn and patio with a selection of mature flower and shrub borders. There is a timber shed, double electric sockets and pedestrian side access. To the front of the property there is a smaller area of gated garden which is laid to low maintenance gravel chippings. There is also a useful outside tap found in the front garden.

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/tend.vest.voice
Council Tax Band: C
EPC: B
Broadband Availability: Ultrafast with up to 1000 Mbps download speed and 220 Mbps upload speed.
Mobile Phone Coverage: Indoor-voice & data likely available with EE & Three. 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 November 2022. 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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