3 Bed Semi-Detached House, Refurb/BRRR, Taunton, TA2 7PS, £249,995

53, East Street, Taunton, TA1 3NA - 1 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 11%
~82 m²
+8 photos

ValuationOvervalued

Sold Prices£159K - £375K
Sold Prices/m²£1.3K/m² - £4.2K/m²

 

 

Square Metres

~82 m²
Price/m²£3K/m²

Value Estimate

£195,500

 

 

End Value (After Refurb)

£242,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,499

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£33,347

Bridging Loan Interest

£6,562

Total Cash In

£117,858

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£242,500

Mortgage (After Refinance)

£181,875

Mortgage LTV

75%

Cash Left In

£117,858

Equity

£60,625

Rent Range

£1,250 - £2,950

Rent Estimate

£2,287

Running Costs/mo

£1,235

Cashflow/mo

£1,052

Cashflow/yr

£12,621

ROI

11%

Gross Yield

11%

Local Sold Prices

53 sold prices from £159K to £375K, average is £239.9K. £1.3K/m² to £4.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£239.9K10/210 mi39, Priorswood Road, Taunton, Somerset TA2 7PS3
£239.9K10/210.01 mi39, Priorswood Road, Taunton, Somerset TA2 7PS3
£225K09/230.08 mi43, Compton Close, Taunton, Somerset TA2 7UD3
£245K08/210.1 mi75, Eaton Crescent, Taunton, Somerset TA2 7UE3
£280K03/240.1 mi75, Eaton Crescent, Taunton, Somerset TA2 7UE3
£240K03/210.12 mi97, Priorswood Road, Taunton, Somerset TA2 7PT3
£185K04/210.14 mi15, Grange Drive, Taunton, Somerset TA2 7DY3
£201K07/210.14 mi13, Grange Drive, Taunton, Somerset TA2 7DY3
£316K09/230.16 mi165, Eaton Crescent, Taunton, Somerset TA2 7UF3
£300K12/230.16 mi155, Eaton Crescent, Taunton, Somerset TA2 7UF3
£255K08/230.18 mi15, Obridge Road, Taunton, Somerset TA2 7PX3
£185K06/210.19 mi37, Portman Street, Taunton, Somerset TA2 7BT3
£190K07/230.19 mi43, Portman Street, Taunton, Somerset TA2 7BT3
£255K05/210.22 mi31, Lansdowne Road, Taunton, Somerset TA2 7QB3
£227.5K03/240.22 mi10, Lansdowne Road, Taunton, Somerset TA2 7QB3
£205K12/230.22 mi35, George Street, Taunton, Somerset TA2 7DF3
£235K11/200.23 mi23, Vera Street, Taunton, Somerset TA2 7DJ3
£280K07/230.23 mi31, Vera Street, Taunton, Somerset TA2 7DJ3
£280K07/230.23 mi31, Vera Street, Taunton, Somerset TA2 7DJ3
£250K05/210.24 mi106, Priorswood Road, Taunton, Somerset TA2 7QQ3
£300K07/230.24 mi118, Priorswood Road, Taunton, Somerset TA2 7QQ3
£300K07/230.24 mi118, Priorswood Road, Taunton, Somerset TA2 7QQ3
£236.5K06/230.25 mi13, Obridge Crescent, Taunton, Somerset TA2 7PZ3
£230K09/210.28 mi118, Priorswood Road, Taunton, Somerset TA2 7QQ3
£318K08/230.28 mi32, Draycott Avenue, Taunton, Somerset TA2 7QF3
£230K07/230.28 mi47, St Andrews View, Taunton, Somerset TA2 6JU3
£230K07/230.28 mi47, St Andrews View, Taunton, Somerset TA2 6JU3
£255K05/240.29 mi123, Firepool View, Taunton, Somerset TA1 1NY3
£282.5K12/200.29 mi89, Firepool View, Taunton, Somerset TA1 1NY3
£210K12/220.29 mi133, Wedlands, Taunton, Somerset TA2 7AD3
£185K03/210.3 mi15, William Street, Taunton, Somerset TA2 6HG3
£222.5K08/230.3 mi49, William Street, Taunton, Somerset TA2 6HG3
£375K01/210.3 mi45, Draycott Avenue, Taunton, Somerset TA2 7QG3
£257.5K01/230.3 mi37, Greenway Road, Taunton, Somerset TA2 6LA3
£243K12/200.3 mi3, Greenway Avenue, Taunton, Somerset TA2 6HU3
£200K03/210.3 mi15, Greenway Avenue, Taunton, Somerset TA2 6HU3
£159K03/230.3 mi8, Greenway Avenue, Taunton, Somerset TA2 6HU3
£202K06/210.31 mi15, Lyngford Square, Taunton, Somerset TA2 7ES3
£241K01/230.33 mi4, Greenway Road, Taunton, Somerset TA2 6LB3
£213.5K01/240.33 mi18, Greenway Road, Taunton, Somerset TA2 6LB3
£285K06/230.33 mi35, Herbert Street, Taunton, Somerset TA2 6HJ3
£265K10/230.34 mi97, Kingston Road, Taunton, Somerset TA2 7SN3
£197K11/210.34 mi1a, Eastwick Avenue, Taunton, Somerset TA2 7AJ3
£308K01/240.34 mi12, Eastwick Avenue, Taunton, Somerset TA2 7AJ3
£232K02/230.36 mi24, Lyngford Place, Taunton, Somerset TA2 7EP3
£191K06/210.36 mi67, Massingham Park, Taunton, Somerset TA2 7TG3
£265K01/230.36 mi1, Massingham Park, Taunton, Somerset TA2 7TG3
£160K04/230.36 mi17, Jubilee Street, Taunton, Somerset TA2 6JA3
£202K03/210.37 mi5, Maxwell Street, Taunton, Somerset TA2 6HR3
£240K05/240.37 mi19, Maxwell Street, Taunton, Somerset TA2 6HR3
£260K02/230.37 mi21, Maxwell Street, Taunton, Somerset TA2 6HR3
£196K01/210.37 mi111, Kingston Road, Taunton, Somerset TA2 7SP3
£306K05/210.37 mi112, Kingston Road, Taunton, Somerset TA2 7SP3

Local Rents

15 rents from £1.3K/mo to £3K/mo, average is £3K/mo.

RentDateDistanceAddressBeds 
£1,30009/240.12 miEaton Crescent, Taunton3
£1,25002/250.12 mi-3
£1,25009/240.24 mi-3
£1,35010/240.31 mi-3
£2,95002/240.34 mi-3
£2,95009/240.34 mi-3
£2,95009/240.34 mi-3
£2,95009/240.34 mi-3
£2,95009/240.34 mi-3
£2,95007/240.34 mi-3
£2,95008/240.34 mi-3
£2,95002/250.34 mi-3
£2,95003/250.34 mi-3
£1,30009/240.34 miFirepool Crescent, Taunton3
£1,30009/240.34 miFirepool Crescent, Taunton3

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

0.77 miles away

Nearest school

0.10 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £249,995

October 3, 2024

Floor Plans

Description

  • 3 Bedroom Semi Detached House +
  • Upstairs Bathroom and Downstairs WC +
  • 2 Reception Rooms +
  • 2 Garages +
  • Gas Central Heating, Double Glazing +
  • Front and Back Garden +
  • No Onward Chain +

Newton King are delighted to offer to the market this spacious 1930’s 3 Bedroom Semi Detached family home situated within close proximity to local schools, shops and amenities. Accommodation comprises:- Lounge (11’7 x 9’1), Dining Room (17’1 x 10’6), Kitchen (6’8 x 10’6), Rear Garden (35’), Garage 1 (9’11 x 11’8), Garage 2 (18’ x 8’10), Bedroom 1 (9’11 x 11’8), Bedroom 2 (11’5 x 10’7), Bedroom 3 (6’9 x 10’2), Shower Room (5’8 x 5’6) Council Tax Band C, EPC rating TBC The property is offered to the market in need of modernisation with no onward chain, please contact Newton King to arrange an accompanied viewing between 9am and 7pm

Agent Details

Newton King, Taunton

01823 212787

Next Steps?

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