3 Bed Detached House, Refurb/BRRR, Taunton, TA1 5JA, £335,000

1 Comet Way, Southam, Warwickshire, CV47 0FG, United Kingdom - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+23 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£3.6K/m²

Value Estimate

£302,972

 

 

End Value (After Refurb)

£333,755

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£37,820

Bridging Loan Interest

£8,794

Total Cash In

£147,614

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£333,755

Mortgage (After Refinance)

£250,316

Mortgage LTV

75%

Cash Left In

£147,614

Equity

£83,439

Rent Range

£1,250 - £1,950

Rent Estimate

£1,560

Running Costs/mo

£1,375

Cashflow/mo

£185

Cashflow/yr

£2,220

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £175K to £463K, average is £287.5K. £2.3K/m² to £9K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£360K04/230.05 mi32, Comeytrowe Lane, Taunton, Somerset TA1 5HY3
£252.5K03/210.08 mi137, Queensway, Taunton, Somerset TA1 5QT3
£337.5K06/230.08 mi14, Somerset Avenue, Taunton, Somerset TA1 5HU3
£265K11/220.11 mi3, Comeytrowe Road, Taunton, Somerset TA4 1EG3
£463K07/230.16 miKantara, Comeytrowe Lane, Taunton, Somerset TA1 5JB3
£290K06/210.16 mi72, Deane Drive, Taunton, Somerset TA1 5PR3
£240K03/210.17 mi40, Denning Close, Taunton, Somerset TA1 4NN3
£334K07/230.18 mi7, Chilliswood Crescent, Taunton, Somerset TA1 5PL3
£255K02/210.18 mi7, Chilliswood Crescent, Taunton, Somerset TA1 5PL3
£380K11/210.18 mi5, Highfield, Taunton, Somerset TA1 5JE3
£285K08/210.2 mi44, Deane Drive, Taunton, Somerset TA1 5PG3
£250K08/210.21 mi59, Gill Crescent, Taunton, Somerset TA1 4NS3
£219K03/210.21 mi45, Gill Crescent, Taunton, Somerset TA1 4NS3
£405K08/230.22 mi18, Highfield, Taunton, Somerset TA1 5JF3
£290K05/230.22 mi39, Newbarn Park Road, Taunton, Somerset TA1 4NF3
£277.5K11/230.22 mi64, Newbarn Park Road, Taunton, Somerset TA1 4NF3
£206K05/210.23 mi9, Bartlett Close, Taunton, Somerset TA1 4NZ3
£330K12/200.24 mi7, Highfield Crescent, Taunton, Somerset TA1 5JH3
£290K09/210.27 mi51, Upcot Crescent, Taunton, Somerset TA1 5PJ3
£210K12/230.28 mi5, Deane Drive, Taunton, Somerset TA1 5PE3
£385K03/230.28 mi29, Highfield, Taunton, Somerset TA1 5JG3
£240K02/210.28 mi18, Pinney Close, Taunton, Somerset TA1 4NW3
£240K10/230.28 mi14, Pinney Close, Taunton, Somerset TA1 4NW3
£294K10/210.28 mi9, Buces Road, Taunton, Somerset TA1 4NG3
£265K02/230.29 mi8, Pinney Close, Taunton, Somerset TA1 4NW3
£292.5K03/230.29 mi12, Upcot Crescent, Taunton, Somerset TA1 5PH3
£352K12/200.29 mi7, West Field Close, Taunton, Somerset TA1 5JU3
£320K02/230.3 mi34, Gill Crescent, Taunton, Somerset TA1 4NR3
£235K03/210.3 mi32, Gill Crescent, Taunton, Somerset TA1 4NR3
£290K01/240.32 mi53, Claremont Drive, Taunton, Somerset TA1 4JQ3
£307.5K05/230.33 mi37, Galmington Drive, Taunton, Somerset TA1 5AQ3
£222K11/200.33 mi14, Suffolk Crescent, Taunton, Somerset TA1 4JN3
£205K10/200.36 mi24, Newbarn Park Road, Taunton, Somerset TA1 4NA3
£270K03/230.36 mi6, Newbarn Park Road, Taunton, Somerset TA1 4NA3
£221K10/200.37 mi4, Statham Grove, Taunton, Somerset TA1 5AG3
£460K12/220.38 miWestover, Bishops Hull Road, Bishops Hull, Taunton, Somerset TA1 5ER3
£350K07/210.38 mi65, Claremont Drive, Taunton, Somerset TA1 4JH3
£275K07/230.38 mi1, Bowfell Close, Taunton, Somerset TA1 4JP3
£340K08/210.39 mi44, Bakers Close, Bishops Hull, Taunton, Somerset TA1 5HD3
£335K03/240.39 mi25, Bakers Close, Bishops Hull, Taunton, Somerset TA1 5HD3
£195K04/210.41 mi29, Great Mead, Bishops Hull, Taunton, Somerset TA1 5HE3
£238.5K10/200.41 mi39, Scafell Close, Taunton, Somerset TA1 4LG3
£255K02/240.42 mi14, Statham Close, Taunton, Somerset TA1 5AF3
£320K07/230.42 mi1, Alston Close, Taunton, Somerset TA1 4LR3
£295K01/210.42 mi2, Alston Close, Taunton, Somerset TA1 4LR3
£215K03/210.44 mi14, Belmont Road, Taunton, Somerset TA1 5NS3
£250K09/230.44 mi6, Galmington Lane, Taunton, Somerset TA1 5DQ3
£349.9K01/240.46 mi1, Langham Drive, Taunton, Somerset TA1 4LJ3
£340K10/200.47 mi20, Norwich Close, Taunton, Somerset TA1 4LH3
£175K11/200.48 mi23, Fivash Close, Taunton, Somerset TA1 4YF3

Local Rents

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

RentDateDistanceAddressBeds 
£1,30009/240.19 mi-3
£1,30006/240.54 mi-3
£1,35009/240.56 miBradford Close, Taunton, Somerset, TA13
£1,75009/240.71 miManor Orchard, Taunton, TA13
£1,50009/240.81 miTaunton, TA13
£1,90012/240.95 mi-3
£1,25005/240.99 mi-3
£1,40010/241.06 mi-3
£1,47504/251.06 mi-3
£1,75009/241.1 miPikes Crescent, Taunton, TA13
£1,95001/251.1 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.64 miles away

Nearest school

0.30 miles away

Nearest train station

1.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £335,000

September 30, 2024

Floor Plans

Description

  • Entrance hall and cloakroom +
  • Large living room divided into sitting and dining areas +
  • Enclosed loggia/conservatory +
  • Kitchen/breakfast room +
  • Covered way with access to store sheds and garage +
  • 3 bedrooms and bath/shower room +
  • Gas central heating and double glazing +
  • Enclosed rear garden. Driveway and garage +
  • Sought after location close to good local amenities +
  • No onward chain +

A light and airy, 1960's detached house, in need of modernisation, occupying an attractive cul de sac location on the south-western fringes of Taunton. No onward chain.

Agent Details

James Gray Estate Agents, Taunton

01823 589594

Next Steps?

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