3 Bed Terraced House, Cash/Bridging Only, Taunton, TA1 5QQ, £290,000

18 Patrum Close, Taunton, TA1 5QQ - 7 months ago

Sold STC
Cash
ROI: 2%
~93 m²
+21 photos

ValuationFair Value

Sold Prices£175K - £463K
Sold Prices/m²£2.3K/m² - £9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£292,900

 

 

End Value (After Refurb)

£325,500

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Refurb Costs

£37,820

Bridging Loan Interest

£7,613

Total Cash In

£131,583

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£325,500

Mortgage (After Refinance)

£244,125

Mortgage LTV

75%

Cash Released

£26,625

Cash Left In

£104,958

Equity

£81,375

Rent Range

£1,250 - £1,950

Rent Estimate

£1,560

Running Costs/mo

£1,349

Cashflow/mo

£211

Cashflow/yr

£2,530

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £175K to £463K, average is £276.3K. £2.3K/m² to £9K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£252.5K03/210.05 mi137, Queensway, Taunton, Somerset TA1 5QT3
£360K04/230.06 mi32, Comeytrowe Lane, Taunton, Somerset TA1 5HY3
£337.5K06/230.1 mi14, Somerset Avenue, Taunton, Somerset TA1 5HU3
£265K11/220.1 mi3, Comeytrowe Road, Taunton, Somerset TA4 1EG3
£240K03/210.13 mi40, Denning Close, Taunton, Somerset TA1 4NN3
£250K08/210.16 mi59, Gill Crescent, Taunton, Somerset TA1 4NS3
£219K03/210.16 mi45, Gill Crescent, Taunton, Somerset TA1 4NS3
£290K05/230.17 mi39, Newbarn Park Road, Taunton, Somerset TA1 4NF3
£277.5K11/230.17 mi64, Newbarn Park Road, Taunton, Somerset TA1 4NF3
£206K05/210.18 mi9, Bartlett Close, Taunton, Somerset TA1 4NZ3
£334K07/230.2 mi7, Chilliswood Crescent, Taunton, Somerset TA1 5PL3
£255K02/210.2 mi7, Chilliswood Crescent, Taunton, Somerset TA1 5PL3
£290K06/210.21 mi72, Deane Drive, Taunton, Somerset TA1 5PR3
£463K07/230.21 miKantara, Comeytrowe Lane, Taunton, Somerset TA1 5JB3
£285K08/210.22 mi44, Deane Drive, Taunton, Somerset TA1 5PG3
£240K02/210.23 mi18, Pinney Close, Taunton, Somerset TA1 4NW3
£240K10/230.23 mi14, Pinney Close, Taunton, Somerset TA1 4NW3
£265K02/230.23 mi8, Pinney Close, Taunton, Somerset TA1 4NW3
£294K10/210.23 mi9, Buces Road, Taunton, Somerset TA1 4NG3
£380K11/210.24 mi5, Highfield, Taunton, Somerset TA1 5JE3
£320K02/230.24 mi34, Gill Crescent, Taunton, Somerset TA1 4NR3
£235K03/210.24 mi32, Gill Crescent, Taunton, Somerset TA1 4NR3
£290K09/210.26 mi51, Upcot Crescent, Taunton, Somerset TA1 5PJ3
£290K01/240.26 mi53, Claremont Drive, Taunton, Somerset TA1 4JQ3
£405K08/230.27 mi18, Highfield, Taunton, Somerset TA1 5JF3
£222K11/200.27 mi14, Suffolk Crescent, Taunton, Somerset TA1 4JN3
£210K12/230.28 mi5, Deane Drive, Taunton, Somerset TA1 5PE3
£292.5K03/230.28 mi12, Upcot Crescent, Taunton, Somerset TA1 5PH3
£307.5K05/230.29 mi37, Galmington Drive, Taunton, Somerset TA1 5AQ3
£330K12/200.29 mi7, Highfield Crescent, Taunton, Somerset TA1 5JH3
£205K10/200.3 mi24, Newbarn Park Road, Taunton, Somerset TA1 4NA3
£270K03/230.3 mi6, Newbarn Park Road, Taunton, Somerset TA1 4NA3
£350K07/210.33 mi65, Claremont Drive, Taunton, Somerset TA1 4JH3
£385K03/230.34 mi29, Highfield, Taunton, Somerset TA1 5JG3
£275K07/230.34 mi1, Bowfell Close, Taunton, Somerset TA1 4JP3
£221K10/200.34 mi4, Statham Grove, Taunton, Somerset TA1 5AG3
£352K12/200.35 mi7, West Field Close, Taunton, Somerset TA1 5JU3
£238.5K10/200.36 mi39, Scafell Close, Taunton, Somerset TA1 4LG3
£320K07/230.37 mi1, Alston Close, Taunton, Somerset TA1 4LR3
£295K01/210.37 mi2, Alston Close, Taunton, Somerset TA1 4LR3
£255K02/240.39 mi14, Statham Close, Taunton, Somerset TA1 5AF3
£349.9K01/240.41 mi1, Langham Drive, Taunton, Somerset TA1 4LJ3
£250K09/230.42 mi6, Galmington Lane, Taunton, Somerset TA1 5DQ3
£340K10/200.42 mi20, Norwich Close, Taunton, Somerset TA1 4LH3
£175K11/200.42 mi23, Fivash Close, Taunton, Somerset TA1 4YF3
£275K02/230.42 mi6, Fivash Close, Taunton, Somerset TA1 4YF3
£224K12/200.42 mi8, Fivash Close, Taunton, Somerset TA1 4YF3
£245K01/230.42 mi29, Fivash Close, Taunton, Somerset TA1 4YF3
£460K12/220.43 miWestover, Bishops Hull Road, Bishops Hull, Taunton, Somerset TA1 5ER3
£215K03/210.43 mi14, Belmont Road, Taunton, Somerset TA1 5NS3

Local Rents

11 rents from £1.3K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,30009/240.14 mi-3
£1,30006/240.48 mi-3
£1,35009/240.5 miBradford Close, Taunton, Somerset, TA13
£1,75009/240.69 miManor Orchard, Taunton, TA13
£1,50009/240.8 miTaunton, TA13
£1,90012/240.91 mi-3
£1,25005/240.94 mi-3
£1,40010/241.01 mi-3
£1,47504/251.01 mi-3
£1,75009/241.05 miPikes Crescent, Taunton, TA13
£1,95001/251.07 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.61 miles away

Nearest school

0.30 miles away

Nearest train station

1.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £290,000

September 16, 2024

Floor Plans

Description

  • End Of Terrace +
  • Three Bedrooms +
  • Double Glazing +
  • Gas Fired Central Heating +
  • Single Storey Extension +
  • Single Garage +
  • No Onward Chain +

Occupying a cul-de-sac position within the sought after residential location to the West of Taunton, is this extended three bedroom end of terrace home.

The property, which benefits from double glazing and gas fired central heating, has been further enhanced by a large single storey extension to the side to create an additional ground floor reception room/occasional bedroom, along with a shower room and utility.

Further benefits to the property include a fully enclosed garden and single garage.

In brief, the accommodation comprises; front door leading into entrance hall with stairs rising to first floor, a generous size living room and kitchen/dining room. The kitchen area comprises a range of wall and base units, roll edge work surfaces and tiled splashbacks, space for cooker, dishwasher and small fridge and a wall mounted gas boiler. From the kitchen, access can be gained to a utility with a doorway to the outside and a useful ground floor shower room comprising of wc, wash hand basin and walk-in shower. A generous size additional ground floor reception room, which could be utilised as an occasional bedroom, study or playroom completes the ground floor. To the first floor are three bedrooms and a family bathroom. Externally, there is an enclosed garden laid predominantly to lawn with borders and an area of patio adjoining the rear of the property. A single garage with electric up-and-over door can be found just in front of the house.

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/parks.undulation.finest
Council Tax Band: C
EPC: C
Broadband Availability: Ultrafast with up to 1000 Mbps download speed and 200 Mbps upload speed.
Mobile Phone Coverage: Indoor-voice likely with Vodafone; limited voice & data with EE & O2. Outdoor-voice & data likely with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-medium.

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 September 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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