2 Bed Terraced House, Refurb/BRRR, Taunton, TA4 1AT, £150,000

Oake Close, Oake, Taunton, TA4 1AT - 4 views - 6 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 5%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£85K - £525K
Sold Prices/m²£1.2K/m² - £4.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£151,500

 

 

End Value (After Refurb)

£197,623

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£27,830

Bridging Loan Interest

£3,938

Total Cash In

£76,718

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£197,623

Mortgage (After Refinance)

£148,218

Mortgage LTV

75%

Cash Released

£35,718

Cash Left In

£41,000

Equity

£49,406

Rent Range

£875 - £1,800

Rent Estimate

£1,188

Running Costs/mo

£875

Cashflow/mo

£313

Cashflow/yr

£3,754

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £85K to £525K, average is £197.5K. £1.2K/m² to £4.8K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£165K05/210.03 mi1, Oake Acres, Oake, Taunton, Somerset TA4 1AU2
£135K07/230.52 mi5, New Buildings, Hillcommon, Taunton, Somerset TA4 1DX2
£207.1K12/220.52 mi1, New Buildings, Hillcommon, Taunton, Somerset TA4 1DX2
£192.5K11/221.34 mi32, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ2
£190K05/231.41 mi19, Grenville View, Cotford St Luke, Taunton, Somerset TA4 1JH2
£219.9K07/231.43 mi31, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG2
£217.5K06/211.43 mi64, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD2
£160K11/201.43 mi96, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD2
£205K04/231.43 mi98, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD2
£160K11/201.44 mi96, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD2
£218K02/231.44 mi35, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU2
£202K12/221.5 mi5, Stutts End, Cotford St Luke, Taunton, Somerset TA4 1NX2
£185K09/211.52 mi26, Manning Road, Cotford St Luke, Taunton, Somerset TA4 1NY2
£185K09/211.52 mi26, Manning Road, Cotford St Luke, Taunton, Somerset TA4 1NY2
£195K01/211.82 miKirazli, Turnpike, Milverton, Taunton, Somerset TA4 1LF2
£192.5K03/231.83 miBird Cottage, New Buildings, Milverton, Taunton, Somerset TA4 1LE2
£167K10/231.83 mi2, New Buildings, Milverton, Taunton, Somerset TA4 1LE2
£147.5K12/201.93 miTilsey, Fore Street, Milverton, Taunton, Somerset TA4 1JX2
£210K02/232.01 mi11, Creedwell Close, Milverton, Taunton, Somerset TA4 1LS2
£275K03/212.01 miStamp Cottage, Regent Street, Bradford On Tone, Taunton, Somerset TA4 1HB2
£303K09/232.01 miStamp Cottage, Regent Street, Bradford On Tone, Taunton, Somerset TA4 1HB2
£270K04/212.02 miThornwell Cottage, Fore Street, Milverton, Taunton, Somerset TA4 1JU2
£186K09/212.02 mi2, Fore Street, Milverton, Taunton, Somerset TA4 1JU2
£200K06/212.06 miBell Corner Cottage, St Michaels Hill, Milverton, Taunton, Somerset TA4 1JT2
£525K02/242.08 miOrchard Rise, Back Lane, Bradford On Tone, Taunton, Somerset TA4 1HH2
£310K04/212.11 miWoodside, Wood Street, Milverton, Taunton, Somerset TA4 1QU2
£169K02/212.2 mi11, Station Green, Bishops Lydeard, Taunton, Somerset TA4 3DL2
£301K11/212.21 mi1, Fairfield Terrace, Milverton, Taunton, Somerset TA4 1QX2
£350K02/232.32 miArchery Close, Butts Way, Milverton, Taunton, Somerset TA4 1LY2
£181K04/242.34 mi133, Greenway, Bishops Lydeard, Taunton, Somerset TA4 3DB2
£220K12/222.35 mi19, Webbers, Bishops Lydeard, Taunton, Somerset TA4 3QX2
£175K06/212.43 mi5, Groats, Bishops Lydeard, Taunton, Somerset TA4 3NX2
£320K04/232.45 mi7, Gore Square, Bishops Lydeard, Taunton, Somerset TA4 3BW2
£255K10/202.45 mi7, Gore Square, Bishops Lydeard, Taunton, Somerset TA4 3BW2
£185K02/212.46 mi30, Wheatstones, Bishops Lydeard, Taunton, Somerset TA4 3NS2
£172K08/212.51 mi5, Millers Way, Bishops Lydeard, Taunton, Somerset TA4 3NP2
£85K06/212.52 mi17, Cob Castle, Ham, Wellington, Somerset TA21 9HJ2
£123.2K08/212.52 mi49, Cob Castle, Ham, Wellington, Somerset TA21 9HJ2
£121.5K12/202.52 mi40, Cob Castle, Ham, Wellington, Somerset TA21 9HJ2
£140.3K05/232.52 mi51, Cob Castle, Ham, Wellington, Somerset TA21 9HJ2
£120K11/202.52 mi32, Cob Castle, Ham, Wellington, Somerset TA21 9HJ2
£121.5K03/212.52 mi39, Cob Castle, Ham, Wellington, Somerset TA21 9HJ2
£255K08/212.62 mi3, Snathe Lea, Bishops Lydeard, Taunton, Somerset TA4 3PH2
£140K12/202.65 mi150, Mill House Road, Norton Fitzwarren, Taunton, Somerset TA2 6EY2
£273K02/232.67 mi19, Four Acre Mead, Bishops Lydeard, Taunton, Somerset TA4 3NW2
£305K03/232.67 mi5, Four Acre Mead, Bishops Lydeard, Taunton, Somerset TA4 3NW2
£230K12/222.67 mi43, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BU2
£330K04/212.67 mi21, John Cole Close, Wellington, Somerset TA21 8DR2
£220K03/242.71 mi72, Blackdown View, Norton Fitzwarren, Taunton, Somerset TA2 6TB2
£289.5K11/212.8 mi58, Richards Close, Wellington, Somerset TA21 0BE2

Local Rents

18 rents from £875/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.53 miHeathfiled Court TA42
£98010/231.38 mi-2
£1,20009/241.42 miSt. Lukes Mews, TA43
£95009/241.43 miGraham Way, Cotford St. Luke, TAUNTON2
£1,19509/241.43 mi-3
£1,37509/241.43 miBurge Crescent, Cotford St. Luke, TAUNTON3
£1,20009/241.43 miCotford St. Luke3
£92509/241.45 miMerrifields, Cotford St. Luke, 2
£92509/241.5 miCotford St Luke 2
£1,65007/231.54 mi-4
£87509/241.61 miPark View, Cotford St Luke. TA42
£1,12009/241.85 miSilver Street, Milverton2
£1,35009/242.07 miBradford On Tone2
£99509/242.07 miHele Manor Barns, Hele, Taunton, TA42
£1,80009/242.08 miCotford St Luke, Taunton2
£1,05009/242.09 miHele Manor Barns, Taunton, TA43
£1,30009/242.1 miHele Manor Barns, Hele, Taunton, TA43
£1,25009/242.42 miMill Lane, Bishops Lydeard3

Local Area Statistics

Population in TA4

19,149

Population in Taunton

85,088

Town centre distance

4.79 miles away

Nearest school

3.30 miles away

Nearest train station

4.54 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £150,000

October 3, 2024

Floor Plans

Description

  • Lovely Village Location +

  • Semi-Detached Property +

  • Updating Required +

  • Two Double Bedrooms +

  • Off-Road Parking +

  • Wonderful Gardens +

  • Cash Buyers Only +

SUMMARY
In the charming village of Oake, is this charming two bedroomed semi-detached house. In need of modernisation throughout but benefiting from fantastic gardens, and a quiet cul-de-sac location. Viewing is strongly recommend by the estate agent.

DESCRIPTION
Connells are please to bring to the market this two bedroomed semi-detached home in the village of Oake. The property in brief comprises entrance hall, lounge/diner, kitchen, sun room, store room, two double bedrooms, shower room with separate W.C, and large gardens to the front and rear of the property. Further benefits include off-road parking for two cars and a quiet cul-de-sac position. Viewing recommended

Front Door  
Double glazed front door leading to...

Entrance Hall 
Radiator. Understairs storage cupboard. Stairs rise to the first floor. Doors through to the...

Lounge / Diner 19' 5" x 11' 10" max ( 5.92m x 3.61m max )
Single glazed front and rear aspect windows. Gas fireplace with surround.

Kitchen  11' 1" x 9' 4" max into pantry ( 3.38m x 2.84m max into pantry )
Single glazed rear aspect window. The kitchen itself is equipped with a range of wall and base-mounted units withworktops over. Stainless steel sink and drainer. Recesses include space for an under-counter fridge/freezer, gas oven and washing machine. Pantry cupboard. Radiator.

Sun Room 10' 3" x 9' 3" max ( 3.12m x 2.82m max )
Double glazed rear aspect patio doors leading into the garden. Radiator. Door through to the...

Store Room 9' 7" x 5' 5" ( 2.92m x 1.65m )
Single glazed front aspect window and door to the front of the property.

First Floor Landing  
Single glazed window to side. Attic hatch.

Bedroom One 16' 1" x 9' 3" max into wardrobe ( 4.90m x 2.82m max into wardrobe )
Single glazed front aspect window. Radiator. Built-in wardrobe.

Bedroom Two 10' 9" x 9' 11" ( 3.28m x 3.02m )
Single glazed rear aspect window. Radiator. Airing cupboard housing the combination boiler.

W.C 
Single glazed rear aspect window. Radiator. W.C

Shower Room 
Single glazed side aspect window. Walk-in shower cubicle. Vanity sink with storage cupboard. Part tiling. Radiator.

Outside  
To the front of the property is a beautiful garden laid to lawn with a selection of trees and shrubs. Driveway for one vehicle accessed via gated entrance.

Rear Garden 
Benefiting from a hedge surround and laid primarily to lawn with a further patio area. Green house. A selection of mature trees and shrub. Outside tap. Side pedestrian access via a gate

Agents Note 
Due to the property being of Non-Standard construction, it can only be sold to cash buyers

Agents Note 2 
The sale of this property is subject to Grant of Probate. Please seek an update from the branch with regards to the potential timeframes involved'.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Taunton

01823 212322

Next Steps?

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