3 Bed Semi-Detached House, Refurb/BRRR, Taunton, TA4 3RY, £250,000

7 Crosscroft Cottages, Lydeard St. Lawrence, Taunton, TA4 3RY - 1 views - 6 months ago

Sold STC

Refurb/BRRR

~93 m²

+12 photos

ValuationOvervalued

Sold Prices	£189.9K - £725K
Sold Prices/m²	£1.3K/m² - £4.2K/m²

Square Metres	~93 m²
Price/m²	£2.7K/m²
Value Estimate	£237,294£237,294

End Value (After Refurb)	£292,844£292,844
Uplift in Value	+17%+17%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Refurb Costs	£38,000£38,000
Bridging Loan Interest	£6,563£6,563
Total Cash In	£117,513£117,513

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£292,844£292,844
Mortgage (After Refinance)	£219,633£219,633
Mortgage LTV	75%75%
Cash Released	£32,133£32,133
Cash Left In	£85,379£85,379
Equity	£73,211£73,211
Rent Range	£795 - £1,650£795 - £1,650
Rent Estimate	£1,193
Running Costs/mo	£1,174£1,174
Cashflow/mo	£19£19
Cashflow/yr	£231£231
ROI	0%0%
Gross Yield	6%6%

Local Sold Prices

13 sold prices from £189.9K to £725K, average is £255K. £1.3K/m² to £4.2K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£725K	08/21	1.33 mi	4, Kings Acre, Crowcombe Heathfield, Taunton, Somerset TA4 4BX	-	-	3	Detached House
£210K	02/21	1.63 mi	2, Meadowside Cottages, Combe Florey, Taunton, Somerset TA4 3HY	-	-	3	Terraced House
£347.5K	12/20	2.25 mi	1, Wells Cottages, Bishops Lydeard, Taunton, Somerset TA4 3HU	-	-	3	Semi-Detached House
£235K	03/21	2.63 mi	5, Hills Cottages, Fitzhead, Taunton, Somerset TA4 3JW	-	-	3	Semi-Detached House
£347.5K	05/21	2.69 mi	5, Pound Orchard, Crowcombe, Taunton, Somerset TA4 4AR	£3,109	112	3	Terraced House
£376K	08/23	2.69 mi	5, Pound Orchard, Crowcombe, Taunton, Somerset TA4 4AR	£3,364	112	3	Terraced House
£351K	06/21	2.81 mi	8, Brendon View, Crowcombe, Taunton, Somerset TA4 4AG	£4,229	83	3	Terraced House
£247.5K	11/23	2.95 mi	45, Greenway, Bishops Lydeard, Taunton, Somerset TA4 3BZ	£2,552	97	3	Terraced House
£250K	11/23	2.96 mi	66, Greenway, Bishops Lydeard, Taunton, Somerset TA4 3DA	£2,747	91	3	Terraced House
£230K	11/20	2.96 mi	77, Greenway, Bishops Lydeard, Taunton, Somerset TA4 3DA	£1,285	179	3	Semi-Detached House
£255K	01/24	2.96 mi	71, Greenway, Bishops Lydeard, Taunton, Somerset TA4 3DA	-	-	3	Semi-Detached House
£189.9K	02/21	2.97 mi	103, Greenway, Bishops Lydeard, Taunton, Somerset TA4 3DB	£1,999	95	3	Terraced House
£335K	06/23	2.98 mi	5, Greenway Road, Bishops Lydeard, Taunton, Somerset TA4 3DD	-	-	3	Semi-Detached House

Local Rents

8 rents from £795/mo to £1.6K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£795	09/24	0.07 mi	Lydeard St Lawrence	2	Flat
£950	09/24	1.34 mi	Rexton, Nr Lydeard St Lawrence	3	Flat
£1,495	09/24	1.98 mi	Crowcombe, Taunton, TA4	3	Flat
£1,200	12/24	2.07 mi	-	4	Terraced House
£1,000	12/24	2.07 mi	-	2	Terraced House
£1,000	09/24	2.09 mi	-	3	Terraced House
£1,650	09/24	2.26 mi	Higher Vexford Farm	4	Flat
£1,450	09/24	2.48 mi	Fitzhead, Taunton	4	Detached House

Local Area Statistics

Population in TA4	19,14919,149
Population in Taunton	85,08885,088
Town centre distance	8.11 miles away8.11 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	7.60 miles away7.60 miles away

Rental growth (12m)	-1%-1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+13%+13%

Property History

Listed for £250,000

October 2, 2024

Floor Plans

Description

RENOVATION OPPORTUNITY +
SEMI DETACHED SEMI RURAL HOME +
THREE BEDROOMS +
LARGE PLOT +
NO ONWARD CHAIN +

Beautifully positioned semi rural home located to the foot of the Quantock Hills. This is an exciting refurbishment and development opportunity offering generous living accommodation, with the potential to further extend (subject to the necessary planning consents). The property is currently warmed with a working Rayburn central heating system together with an independent log burning stove. It should be noted that there is no mains gas to the village. The property enjoys a particularly generous plot size with a good size garden to the front, as well as a very large garden to the rear. There is also scope for substantial off road parking. Offered to the market with no onward chain, but subject to probate.

Agent Details

EweMove, Covering South West England

01274 015976

Next Steps?

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