3 Bed Semi-Detached House, Refurb/BRRR, Taunton, TA1 2HQ, £170,000

63 Wordsworth Drive, Taunton, TA1 2HQ - 8 views - 6 months ago

Refurb/BRRR
ROI: 9%
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£136K - £370K
Sold Prices/m²£1.8K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£180,000

 

 

End Value (After Refurb)

£230,640

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£37,820

Bridging Loan Interest

£4,463

Total Cash In

£93,133

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£230,640

Mortgage (After Refinance)

£172,980

Mortgage LTV

75%

Cash Released

£45,480

Cash Left In

£47,653

Equity

£57,660

Rent Range

£1,200 - £2,700

Rent Estimate

£1,856

Running Costs/mo

£1,112

Cashflow/mo

£744

Cashflow/yr

£8,929

ROI

10%

Gross Yield

13%

Local Sold Prices

50 sold prices from £136K to £370K, average is £230.5K. £1.8K/m² to £4.4K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£245K03/210.09 mi81, Parmin Way, Taunton, Somerset TA1 2JX3
£250K06/210.11 mi2a, Burns Road, Taunton, Somerset TA1 2HU3
£189K04/210.11 mi34, Wordsworth Drive, Taunton, Somerset TA1 2HW3
£225K02/210.11 mi32, Westleigh Road, Taunton, Somerset TA1 2XY3
£325K12/230.11 mi32, Westleigh Road, Taunton, Somerset TA1 2XY3
£247.5K10/230.11 mi25, Parmin Way, Taunton, Somerset TA1 2JU3
£231K08/230.11 mi12, Parmin Way, Taunton, Somerset TA1 2JU3
£247K08/210.12 mi13, Midford Road, Taunton, Somerset TA1 2JJ3
£210K03/210.14 mi10, Eastleigh Road, Taunton, Somerset TA1 2YA3
£136K10/210.14 mi5, Eastleigh Gardens, Taunton, Somerset TA1 2AS3
£230K06/210.14 mi82, Eastleigh Road, Taunton, Somerset TA1 2YD3
£265K02/230.14 mi72, Eastleigh Road, Taunton, Somerset TA1 2YD3
£191.5K09/210.16 mi5, Milton Road, Taunton, Somerset TA1 2JE3
£282K07/210.18 mi23, Holway Road, Taunton, Somerset TA1 2EZ3
£162.9K05/210.2 mi44, Milton Road, Taunton, Somerset TA1 2JG3
£230K03/210.2 mi29, Trinity Road, Taunton, Somerset TA1 3JJ3
£226K03/210.2 mi79, Trinity Road, Taunton, Somerset TA1 3JJ3
£275K12/230.2 mi83, Trinity Road, Taunton, Somerset TA1 3JJ3
£310K08/210.2 mi2, Holway Hill, Taunton, Somerset TA1 2HB3
£180K01/210.2 mi8, Byron Road, Taunton, Somerset TA1 2JD3
£215K02/230.21 mi55, Holway Road, Taunton, Somerset TA1 2HA3
£250K03/210.22 mi30, Holway Road, Taunton, Somerset TA1 2EY3
£190K11/210.22 mi46, Grays Road, Taunton, Somerset TA1 3BA3
£205K09/230.22 mi49, Grays Road, Taunton, Somerset TA1 3BA3
£305K11/230.23 mi124, South Street, Taunton, Somerset TA1 3AG3
£210K08/210.25 mi13, Church Street, Taunton, Somerset TA1 3JE3
£265K02/230.25 mi32, Queen Street, Taunton, Somerset TA1 3AX3
£362.5K09/230.25 mi18, Holway Hill, Taunton, Somerset TA1 2HB3
£365K06/230.26 mi6, Victoria Street, Taunton, Somerset TA1 3JA3
£317.5K11/230.27 mi1, Trinity Street, Taunton, Somerset TA1 3JG3
£192K02/210.28 mi52, Lisieux Way, Taunton, Somerset TA1 2JZ3
£229K12/200.28 mi58, Severn Drive, Taunton, Somerset TA1 2PW3
£258K01/230.28 mi68, Severn Drive, Taunton, Somerset TA1 2PW3
£250K12/220.29 mi70, Severn Drive, Taunton, Somerset TA1 2PW3
£370K03/240.3 mi48, Holway Avenue, Taunton, Somerset TA1 3AR3
£260K03/230.3 mi46, Holway Avenue, Taunton, Somerset TA1 3AR3
£205K03/240.3 mi3, Alfred Street, Taunton, Somerset TA1 3HU3
£230K03/210.3 mi9, Broughton Close, Taunton, Somerset TA1 2JS3
£207.5K11/210.31 mi29, Mitre Court, Taunton, Somerset TA1 3ER3
£189.3K10/210.31 mi28, Mitre Court, Taunton, Somerset TA1 3ER3
£241K08/230.31 mi26, Mitre Court, Taunton, Somerset TA1 3ER3
£208K09/230.31 mi9, Queen Street, Taunton, Somerset TA1 3AS3
£312K06/230.31 mi27, Holway Avenue, Taunton, Somerset TA1 3AP3
£200K06/210.32 mi29, Alfred Street, Taunton, Somerset TA1 3HY3
£190K05/230.34 mi84, Lambrook Road, Taunton, Somerset TA1 2AF3
£187.5K04/210.34 mi65, Leycroft Road, Taunton, Somerset TA1 2ED3
£220K09/230.34 mi73, Hamilton Road, Taunton, Somerset TA1 2EL3
£233.5K12/200.34 mi83, Normandy Drive, Taunton, Somerset TA1 2LE3
£320K05/240.37 mi31, Upper Holway Road, Taunton, Somerset TA1 2HF3
£277.5K04/210.37 mi21, Dunkleys Way, Taunton, Somerset TA1 2LX3

Local Rents

11 rents from £1.2K/mo to £2.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.09 miParmin Way, TA1 3
£1,40009/240.14 mi-3
£1,40008/240.3 mi-3
£2,70009/240.37 mi-3
£2,70012/240.37 mi-3
£2,70002/250.37 mi-3
£2,70003/250.37 mi-3
£1,25009/240.51 miAshbourne Crescent, Taunton3
£1,20009/240.52 miAshbourne Crescent, Taunton3
£1,35009/240.57 miThames Drive, Taunton3
£1,32509/240.62 miPoplar Road, Taunton TA13

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.55 miles away

Nearest school

0.20 miles away

Nearest train station

1 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £170,000

January 8, 2025

Listed for £180,000

September 24, 2024

Floor Plans

Description

  • FULL RENOVATION REQUIRED +
  • NO ONWARD CHAIN +
  • VACANT POSSESSION +
  • PERFECT FIRST HOME +

Welcome to Wordsworth Drive, Taunton - a charming semi-detached house that awaits your personal touch! This property boasts two reception rooms, three cosy bedrooms, and a quaint bathroom. Although it requires some renovation, this could be the perfect opportunity for you to create your dream first home.

Located in the heart of Taunton, this property offers a wonderful canvas for you to unleash your creativity and transform it into a warm and inviting space. The two reception rooms provide ample space for entertaining guests or simply relaxing with your loved ones.

With three bedrooms, there is plenty of room for a growing family or for those who enjoy having a home office or hobby room. The bathroom, though in need of some updating, holds the potential to become a tranquil retreat where you can unwind after a long day.

Imagine the possibilities that this semi-detached house holds - from creating a cosy reading nook in one of the reception rooms to designing a stylish and comfortable bedroom. This property is just waiting for someone with vision and a passion for renovation to make it shine.

Don't miss out on this fantastic opportunity to own your perfect first home in the lovely location of Wordsworth Drive. Embrace the challenge of renovating this property and turn it into a place where you can build lasting memories. Contact us today to arrange a viewing and start your journey towards creating the home of your dreams!

Property is non standard construction

Agent Details

4Sale, Leigh-On-Sea

020 3909 0353

Next Steps?

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