4 Bed Detached House, Refurb/BRRR, Taunton, TA3 6NH, £650,000

Greenway, North Curry, Taunton, TA3 6NH - 7 months ago

Refurb/BRRR
~129 m²
+16 photos

ValuationOvervalued

Sold Prices£158K - £678K
Sold Prices/m²£1.4K/m² - £5.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5K/m²

Value Estimate

£364,433

 

 

End Value (After Refurb)

£590,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£53,700

Refurb Costs

£52,565

Bridging Loan Interest

£17,063

Total Cash In

£287,577

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£590,000

Mortgage (After Refinance)

£442,500

Mortgage LTV

75%

Cash Left In

£287,577

Equity

£147,500

Rent Range

£725 - £1,450

Rent Estimate

£1,015

Running Costs/mo

£2,067

Cashflow/mo

£-1,052

Cashflow/yr

£-12,621

Gross Yield

2%

Local Sold Prices

34 sold prices from £158K to £678K, average is £395K. £1.4K/m² to £5.8K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£435K05/240.27 mi5, Oxen Lane, North Curry, Taunton, Somerset TA3 6NE4
£461.1K05/210.36 mi7, Chapel Close, North Curry, Taunton, Somerset TA3 6JW4
£490K06/210.47 mi3, Queen Square, North Curry, Taunton, Somerset TA3 6LT4
£368K03/210.51 mi1, Lodwells Orchard, North Curry, Taunton, Somerset TA3 6DX4
£559K05/210.57 mi3, Longs Field, North Curry, Taunton, Somerset TA3 6NN4
£678K09/230.57 mi1, Longs Field, North Curry, Taunton, Somerset TA3 6NN4
£575K01/210.57 mi20, Longs Field, North Curry, Taunton, Somerset TA3 6NN4
£650K11/200.61 mi1, White Street, North Curry, Taunton, Somerset TA3 6HL4
£406K05/210.62 mi17, Stoke Road, North Curry, Taunton, Somerset TA3 6LW4
£379K11/201.5 mi3, Barcroft Crescent, Wrantage, Taunton, Somerset TA3 6DD4
£440K11/231.72 miCrofters, Higher Street, Curry Mallet, Taunton, Somerset TA3 6SY4
£560K10/231.88 miHedgelands, Meare Green, Wrantage, Taunton, Somerset TA3 6DA4
£385K04/231.92 mi3, Fieldgate, Curry Mallet, Taunton, Somerset TA3 6AL4
£400K08/212.4 miBrading, Butchers Hill, Fivehead, Taunton, Somerset TA3 6PD4
£378K04/212.43 miTurntable Cottage, Outwood, West Lyng, Taunton, Somerset TA3 5AJ4
£320K09/212.47 mi14, Orchard Rise, Fivehead, Taunton, Somerset TA3 6PB4
£372K12/202.47 miDunfield House, Willey Road, Stoke St Gregory, Taunton, Somerset TA3 6EQ4
£325K03/212.48 mi9, Orchard Rise, Fivehead, Taunton, Somerset TA3 6PB4
£446K09/232.55 mi14, Church Close, Stoke St Gregory, Taunton, Somerset TA3 6HA4
£362K12/202.57 miThe Cottage, Worthy Lane, Creech St Michael, Taunton, Somerset TA3 5EF4
£538K11/212.65 miLittle Deer Leaps, Windmill, Stoke St Gregory, Taunton, Somerset TA3 6EL4
£290K11/202.68 mi25, Station Road, Hatch Beauchamp, Taunton, Somerset TA3 6SQ4
£345K01/242.74 mi22, Ryesland Way, Creech St Michael, Taunton, Somerset TA3 5TA4
£470K05/232.74 mi18, Ryesland Way, Creech St Michael, Taunton, Somerset TA3 5TA4
£495K12/222.75 mi25, Ryesland Way, Creech St Michael, Taunton, Somerset TA3 5TA4
£158K03/212.75 mi1, Gravelands Lane, Henlade, Taunton, Somerset TA3 5DL4
£320K11/202.77 mi4, Presidents Court, Henlade, Taunton, Somerset TA3 5NB4
£306K12/202.77 mi5, Presidents Court, Henlade, Taunton, Somerset TA3 5NB4
£390K01/232.78 mi8, Kingdon Mead, Creech St Michael, Taunton, Somerset TA3 5TD4
£250K12/232.81 mi1, Holly Tree Terrace, Creech St Michael, Taunton, Somerset TA3 5QH4
£350K03/212.81 mi4, Caray Grove, Creech St Michael, Taunton, Somerset TA3 5TB4
£600K05/232.84 mi4, Vicarage Lawns, Creech St Michael, Taunton, Somerset TA3 5EZ4
£400K05/232.92 mi10, Crown Lane, Creech Heathfield, Taunton, Somerset TA3 5EU4
£260K11/202.97 mi52, West View, Creech St Michael, Taunton, Somerset TA3 5DX4

Local Rents

5 rents from £725/mo to £1.4K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£72509/240.16 miGreenway, North Curry, Taunton, Somerset, TA31
£1,10003/250.53 mi-3
£85009/230.6 mi-2
£95012/240.6 mi-2
£1,45007/232.05 mi-2

Local Area Statistics

Population in TA3

14,212

Population in Taunton

85,088

Town centre distance

5.34 miles away

Nearest school

0.20 miles away

Nearest train station

5.61 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £650,000

August 30, 2024

Floor Plans

Description

  • Edge of village location +
  • Countryside views +
  • In need of updating +
  • No onward chain +
  • Highly sough after village location +

A substantial modern, detached house abutting open countryside on the edge of this highly sought after village, now in need of some updating.

Stonington is believed to date back to the 1980’s and is of rendered elevations with brick detailing under a pitched tiled roof. The house has been well maintained but would now benefit from modernisation to bring it up to todays standards. The accommodation briefly comprises an entrance porch which leads to a hallway with W.C. The kitchen/breakfast room lies to the side and enjoys a dual aspect and a door in the corner gives access to a utility. The potential exists to move the utility to the adjoining garage and remove the dividing wall to create a more open plan space. Also on this floor is a study which is currently being used as a dining room, generous reception room and recent conservatory enjoying views of the rear gardens. Upstairs are four double bedrooms with principal en-suite and a family bathroom. Outside is a tarmacadam drive providing parking for several vehicles which also gives access to an attached double garage. The gardens here are mainly lawned and are contained within evergreen hedging, interspersed with a number of raised beds. To the rear is a small patio adjoining the house, along with a lawned area containing a number of mature trees, shrubs and bushes, again contained within hedgerow boundaries.

The property is located in the village of North Curry and is one of the most sought after in the Taunton Vale. The property is within walking distance of the centre where excellent amenities include a village store, post office, primary school, coffee shop, hairdressers, Doctor’s surgery, playing fields and cricket pitch with pavilion. North Curry is found close to a number of other villages and small towns, including Curry Rivel with several convenience stores, excellent pub and a little further away is the historic town of Langport with further day to day amenities. The County Town of Taunton lies in the opposite direction, is easily reached by the A358 and provides a good shopping centre and excellent schools. The house is also within easy reach of the M5 Junction 25 at Taunton, providing access to Bristol and Exeter, both hosting international airports. Taunton also enjoys a mainline rail link with a direct line to London Paddington.

Agent Details

Greenslade Taylor Hunt, Taunton

01823 211774

Next Steps?

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