2 Bed Flat, Single Let, Taunton, TA1 4LW, £145,000

Sold STC

BTL

ROI: 7%

~68 m²

+13 photos

ValuationUndervalued

Sold Prices	£105K - £340K
Sold Prices/m²	£1.6K/m² - £6.8K/m²

Square Metres	~68.11 m²
Price/m²	£2.1K/m²
Value Estimate	£172,548£172,548
BMV	19%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£36,250£36,250
Stamp Duty & Legal Fees	£5,550£5,550
Total Cash In	£41,800£41,800

Cash Out
Rent Range	£750 - £1,300£750 - £1,300
Rent Estimate	£875
Running Costs/mo	£648£648
Cashflow/mo	£227£227
Cashflow/yr	£2,723£2,723
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

32 sold prices from £105K to £340K, average is £157.5K. £1.6K/m² to £6.8K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£130K	08/21	0.01 mi	Flat 1, Minster Court, Windsor Close, Taunton, Somerset TA1 4LW	-	-	2	Flat
£136K	03/21	0.01 mi	Flat 8, Minster Court, Windsor Close, Taunton, Somerset TA1 4LW	-	-	2	Flat
£168K	04/23	0.02 mi	Flat 4, Minster Court, Windsor Close, Taunton, Somerset TA1 4LW	-	-	2	Flat
£129K	08/21	0.03 mi	Flat 8, Sutherland Court, Windsor Close, Taunton, Somerset TA1 4LL	-	-	2	Flat
£140K	10/21	0.03 mi	Flat 5, Sutherland Court, Windsor Close, Taunton, Somerset TA1 4LL	-	-	2	Flat
£170K	12/23	0.03 mi	Flat 5, Sutherland Court, Windsor Close, Taunton, Somerset TA1 4LL	-	-	2	Flat
£139.9K	11/20	0.03 mi	Flat 9, Claremont Court, Windsor Close, Taunton, Somerset TA1 4LP	£2,440	57	2	Flat
£145K	07/21	0.08 mi	20, Chapman Court, Taunton, Somerset TA1 4YB	£2,889	50	2	Flat
£155K	10/21	0.28 mi	Flat 2, Wiltshire Court, Wiltshire Close, Taunton, Somerset TA1 4JS	-	-	2	Flat
£180K	07/23	0.29 mi	Flat 4, Blythe Court, Ferndown Close, Taunton, Somerset TA1 4TJ	-	-	2	Flat
£182K	01/23	0.29 mi	Flat 9, Blythe Court, Ferndown Close, Taunton, Somerset TA1 4TJ	-	-	2	Flat
£137K	09/21	0.32 mi	Flat 44, Seville Court, Burchs Close, Taunton, Somerset TA1 4TR	-	-	2	Flat
£175K	10/23	0.32 mi	Flat 3, Essex Court, Essex Drive, Taunton, Somerset TA1 4JZ	-	-	2	Flat
£193K	01/23	0.33 mi	Flat 9, Haseley Court, Ferndown Close, Taunton, Somerset TA1 4TL	-	-	2	Flat
£180K	02/24	0.33 mi	Haseley Court, Flat 11, Ferndown Close, Taunton, Somerset TA1 4TL	£3,214	56	2	Flat
£152K	08/23	0.61 mi	66c, Deane Drive, Taunton, Somerset TA1 5PR	£2,533	60	2	Flat
£187K	02/21	0.68 mi	Flat 3, Wheatleigh House, Wheatleigh Close, Taunton, Somerset TA1 4QE	-	-	2	Flat
£147K	01/21	0.69 mi	Flat 31, Vivary Heights, Broadlands Rise, Taunton, Somerset TA1 4HL	-	-	2	Flat
£168K	07/23	0.69 mi	Flat 39, Vivary Heights, Broadlands Rise, Taunton, Somerset TA1 4HL	-	-	2	Flat
£240K	05/21	0.71 mi	Flat 50, Vivary House, Kinglake Drive, Taunton, Somerset TA1 3RR	-	-	2	Flat
£200K	03/23	0.8 mi	Flat 76, Sherford Lodge, Kinglake Drive, Taunton, Somerset TA1 3RR	-	-	2	Flat
£225K	02/21	0.8 mi	Flat 45, Vivary House, Kinglake Drive, Taunton, Somerset TA1 3RR	-	-	2	Flat
£340K	08/23	0.8 mi	Flat 19, Blagdon Lodge, Kinglake Drive, Taunton, Somerset TA1 3RR	-	-	2	Flat
£120K	11/20	0.88 mi	7a, Smithy, Bishops Hull, Taunton, Somerset TA1 5DT	£1,875	64	2	Flat
£200K	10/23	0.9 mi	Compass Court, Flat 24, Compass Rise, Taunton, Somerset TA1 4PP	£2,410	83	2	Flat
£219.9K	03/23	0.9 mi	Flat 22, Compass Court, Compass Rise, Taunton, Somerset TA1 4PP	-	-	2	Flat
£120K	06/21	0.91 mi	Flat 2, Turkey Court, Vivary Road, Taunton, Somerset TA1 3JN	-	-	2	Flat
£160K	05/21	0.98 mi	Flat 4, Bath House Court, Wellington Road, Taunton, Somerset TA1 4EQ	-	-	2	Flat
£130K	03/21	0.98 mi	Flat 6, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF	£6,842	19	2	Flat
£122K	12/20	0.98 mi	Flat 8, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF	-	-	2	Flat
£105K	06/21	0.98 mi	11c, Park Street, Taunton, Somerset TA1 4DF	£1,584	66	2	Flat
£130K	06/21	0.99 mi	Flat 4, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF	£3,611	36	2	Flat

Local Rents

17 rents from £750/mo to £1.3K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,050	09/24	0.43 mi	Galmington	2	Flat
£950	02/25	0.44 mi	-	2	Flat
£1,050	09/24	0.56 mi	South View Terrace, Trull, TAUNTON	2	Flat
£850	09/24	0.57 mi	Trull Road, TAUNTON	2	Flat
£1,200	03/25	0.6 mi	-	2	Flat
£1,100	06/24	0.69 mi	-	2	Flat
£750	02/24	0.77 mi	-	2	Terraced House
£1,250	11/24	0.81 mi	-	2	Flat
£1,075	09/24	0.82 mi	Hilary Road, TAUNTON	2	Flat
£1,175	08/24	0.83 mi	-	2	Semi-Detached House
£1,200	01/25	0.83 mi	-	2	Semi-Detached House
£1,200	09/24	0.95 mi	Westgate Street, Taunton,	2	Terraced House
£900	09/24	0.99 mi	Dovetail Court,park Street,taunton	2	Flat
£1,050	09/24	1 mi	-	2	Flat
£1,000	01/25	1 mi	-	2	Flat
£1,300	09/24	1.02 mi	Bishops Hull Hill, Bishops Hull, Taunton	2	Detached House
£995	09/24	1.03 mi	Hamwood, Taunton	2	Terraced House

Local Area Statistics

Population in TA1	39,26539,265
Population in Taunton	85,08885,088
Town centre distance	1.41 miles away1.41 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.69 miles away1.69 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £145,000

September 17, 2024

Floor Plans

Description

WELL PRESENTED TOP FLOOR APARTMENT +
2 DOUBLE BEDROOMS +
PRIVATE SOUTH FACING BALCONY +
COMMUNAL GARDENS +
GARAGE AND PARKING +
NO ONWARD CHAIN +

In this convenient location within 1.4 miles of the centre of Taunton is this well presented top floor 2 double bedroomed apartment with South facing balcony, communal gardens and garage. No onward chain.

The accommodation comprises Entrance Hall, Living Room with door to South facing balcony, Kitchen, Master Bedroom with fitted wardrobes and interconnecting door to Bedroom 2, Further double Bedroom and Shower Room.

- Share of Freehold
- Lease term 999 years from 1971, 945 years remanning
- Current service charge £780 pa
- Review date January 2025
- Cannot sublet, keep pets, short term let or airbnb

- Council tax band B
- Mobile availability – good service likely - visit checker.ofcom.org.uk for specific details.
- What3words:///bossy.tigers.foam

Agent Details

Robert Cooney, Taunton

01823 589485

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.