3 Bed Detached House, Cash/Bridging Only, Taunton, TA4 1AA, £725,000

Montys Hamlet, Norton Fitzwarren, TA4 1AA - 2 views - 6 months ago

Cash
~93 m²
+26 photos

ValuationOvervalued

Sold Prices£180.5K - £375K
Sold Prices/m²£2K/m² - £4.9K/m²

 

 

Square Metres

~93 m²
Price/m²£7.8K/m²

Value Estimate

£277,866

 

 

End Value (After Refurb)

£313,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£181,250

Stamp Duty & Legal Fees

£46,700

Refurb Costs

£38,000

Bridging Loan Interest

£19,031

Total Cash In

£286,731

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£313,750

Mortgage (After Refinance)

£235,313

Mortgage LTV

75%

Cash Left In

£286,731

Equity

£78,438

Rent Range

£695 - £2,999

Rent Estimate

£1,201

Running Costs/mo

£1,241

Cashflow/mo

£-40

Cashflow/yr

£-476

Gross Yield

2%

Local Sold Prices

50 sold prices from £180.5K to £375K, average is £248.5K. £2K/m² to £4.9K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£255.5K12/200.3 mi1, Mousehole Cottages, Norton Fitzwarren, Taunton, Somerset TA4 1BY3
£240K03/210.57 mi4, South Villas, Cotford St Luke, Taunton, Somerset TA4 1DD3
£227K08/210.61 mi5, Aveline Court, Cotford St Luke, Taunton, Somerset TA4 1JB3
£247K05/230.66 mi9, West Villas, Cotford St Luke, Taunton, Somerset TA4 1DF3
£250K12/200.66 mi7, West Villas, Cotford St Luke, Taunton, Somerset TA4 1DF3
£295K03/230.69 mi24, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£250K07/230.7 mi9, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£214.5K08/230.7 mi33, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£218K11/200.7 mi25, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£235K05/230.7 mi30, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£250K10/230.7 mi27, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£235K11/220.7 mi41, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£215K09/230.7 mi21, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£256K08/230.7 mi21, North Villas, Cotford St Luke, Taunton, Somerset TA4 1DQ3
£260K06/230.7 mi7, North Villas, Cotford St Luke, Taunton, Somerset TA4 1DQ3
£285K09/230.74 mi56, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£265K12/230.74 mi10, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£245K04/230.74 mi5, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£225K10/200.74 mi55, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£255K09/230.74 mi3, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£315K11/220.78 mi1, Rogers Walk, Cotford St Luke, Taunton, Somerset TA4 1HY3
£242K12/230.78 mi34, Rogers Walk, Cotford St Luke, Taunton, Somerset TA4 1HY3
£267.5K07/230.8 mi100, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1HX3
£257.5K01/240.82 mi4, Grenville View, Cotford St Luke, Taunton, Somerset TA4 1JH3
£230K01/240.82 mi16, Grenville View, Cotford St Luke, Taunton, Somerset TA4 1JH3
£280K04/240.85 mi8, Stutts End, Cotford St Luke, Taunton, Somerset TA4 1NX3
£375K09/230.85 mi30, Stutts End, Cotford St Luke, Taunton, Somerset TA4 1NX3
£232.5K12/200.88 mi9, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF3
£239.9K03/210.88 mi45, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF3
£225K08/210.88 mi43, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF3
£250K10/230.89 mi99, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£258.5K11/210.89 mi5, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£245K03/210.89 mi62, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£260K11/230.89 mi5, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£224.9K02/210.89 mi12, Manning Road, Cotford St Luke, Taunton, Somerset TA4 1NY3
£180.5K11/200.89 mi28, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SD3
£280K03/210.9 mi2, Ford Cottages, Norton Fitzwarren, Taunton, Somerset TA2 6SH3
£200K05/210.92 mi4, St Lukes Mews, Cotford St Luke, Taunton, Somerset TA4 1NT3
£280K11/220.93 mi36, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£235K06/210.96 mi14, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£202K02/210.96 mi8, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£247K12/220.96 mi4, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£277.5K11/230.96 mi23, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£297K12/220.96 mi8, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£340K12/220.97 mi4, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SB3
£257.5K08/210.97 mi19, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SB3
£372.5K01/240.97 mi2, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SB3
£182K03/210.98 mi2, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£200K02/210.98 mi12, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£240K11/220.98 mi35, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3

Local Rents

50 rents from £695/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,65007/230.74 mi-4
£87509/240.76 miPark View, Cotford St Luke. TA42
£92509/240.85 miCotford St Luke 2
£1,19510/240.89 mi-3
£95009/240.89 miGraham Way, Cotford St. Luke, TAUNTON2
£1,20009/240.92 miSt. Lukes Mews, TA43
£1,80009/240.94 miCotford St Luke, Taunton2
£92509/240.96 miMerrifields, Cotford St. Luke, 2
£98010/230.97 mi-2
£1,37509/241.01 miBurge Crescent, Cotford St. Luke, TAUNTON3
£90009/241.05 miMarshall Court, Norton Fitzwarren, Somerset2
£1,20009/241.05 miCotford St. Luke3
£92509/241.14 mi-2
£92509/241.14 mi-2
£92507/241.14 mi-2
£95001/241.19 mi-2
£95012/231.19 mi-2
£1,10009/241.22 miMorse Road, Norton Fitzwarren, Taunton2
£98509/241.23 miMorse Road, Norton Fitzwarren, Taunton1
£1,10001/241.24 mi-2
£1,05009/241.34 miHele Manor Barns, Taunton, TA43
£1,30009/241.38 miHele Manor Barns, Hele, Taunton, TA43
£99509/241.42 miHele Manor Barns, Hele, Taunton, TA42
£1,10003/251.42 mi-2
£99002/241.43 mi-2
£1,20009/241.47 miApple Tree Close, Norton Fitzwarren, TAUNTON2
£1,25009/241.47 miHeathfiled Court TA42
£85009/241.48 miApple Tree Close, Norton Fitzwarren, Taunton, Somerset, TA21
£1,60009/241.52 miCollett Road, Norton Fitzwarren, TAUNTON4
£1,25010/231.52 mi-4
£1,25009/241.55 miMill Lane, Bishops Lydeard3
£95002/241.69 mi-2
£1,70009/241.7 miGrove Gate 4
£1,27511/241.73 mi-3
£1,15009/241.73 mi-3
£69502/241.76 mi-1
£1,30009/242.01 miChurch Street, Bishops Lydeard, Taunton, TA43
£99509/242.07 miHamwood, Taunton2
£1,30009/242.1 miBishops Hull Hill, Bishops Hull, Taunton2
£97504/252.25 mi-2
£95009/242.26 miMonmouth Court, Bindon Road, Taunton, Somerset, TA22
£1,09509/242.27 miStaplegrove Road, TAUNTON2
£2,95009/242.28 miManor Meadow, Staplegrove5
£2,99909/242.29 miStonegallows, Taunton, Somerset, TA15
£75009/242.31 miFalcon Court, Heron Drive, Bishops Hull, Taunton, Somerset 1
£85009/242.32 miMountway Road 1
£99503/252.34 mi-2
£1,17508/242.4 mi-2
£1,20002/252.4 mi-2
£1,35009/242.48 miBradford On Tone2

Local Area Statistics

Population in TA4

19,149

Population in Taunton

85,088

Town centre distance

3.42 miles away

Nearest school

0.80 miles away

Nearest train station

3.02 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £725,000

October 9, 2024

Floor Plans

Description

  • Three Double Bedrooms +
  • Detached Barn Conversion +
  • Mains Gas Fired Central Heating +
  • Double Glazed Throughout +
  • Gated Driveway +
  • Off-Road Parking +
  • Views Over Open Countryside +
  • Landscaped Garden +
  • Beautifully Presented Throughout +

The property comprises in brief; front door leading into an entrance hallway with doors leading into a cloakroom and the living room. The useful ground floor cloakroom comprises low level wc and a wash hand basin. The open plan living room/dining room has a large window providing aspect to the front, stairs rising to the first floor and doors providing access into the family room and sunroom. The kitchen is fitted with a range of matching wall and base storage units with solid work surfaces above, integrated sink with hot and cold mixer tap, integrated dishwasher, integrated gas hob with extractor fan above, integrated eye-level electric double oven, integrated fridge and an integrated microwave. Off the kitchen there is a sunroom extension with three Velux windows all with automated electric closers. The snug has great views over the rear garden and a wood burning stove. The family/games room has a hatch leading into the snug, work surface space and space/plumbing for a washing machine. The ground floor accommodation is completed with a useful boot room providing access into the rear garden. On the first floor there are three double bedrooms, a master en-suite shower room and a family bathroom comprising panelled bath with shower over, low level wc and wash hand basin. Externally, the beautifully maintained rear garden has been fully landscaped and has a number of seating areas and patios plus with a large area of lawn with a selection of flower and shrub borders. There is an outside tap outside light and side access. To the front of the property there is a large (electric) gated driveway, a double garage with power, lighting and two up and over doors plus a lean-to parking area.

GENERAL REMARKS AND STIPULATIONS:
Tenure: The property is offered for sale freehold by private treaty with vacant possession on completion.
Services: Mains water with meter, mains electricity, gas fired central heating.
Local Authority: Somerset Council, County Hall, The Crescent, Taunton, Somerset, TA1 4DY
Property Location: w3w.co/complies.ranking.steadier
Council Tax Band: F
EPC: C
Broadband Availability: Ultrafast with up to 1000 Mbps download speed and 220 Mbps upload speed.
Mobile Phone Coverage: Indoor-limited voice coverage with O2. Outdoor-voice & data likely available with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-low.
Agents Note: The property is subject to a service charge from 'Monty's Hamlet Services Ltd' which was £360 p/a in 2023/2024 but this figure will be subject to change..
Agents Note: We understand that the drainage for this property is via a pumping station that is maintained by Wessex Water.

IMPORTANT NOTICE Wilkie May & Tuckwood for themselves and for the vendors of the property, whose agents they are, give notice that: 1. the particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchaser and do not constitute part of an offer or contract. Prospective purchasers and lessees ought to seek their own professional advice. 2. All descriptions, dimensions, areas, reference to condition and necessary permissions for use and occupation and other details are given in good faith, and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of Wilkie May & Tuckwood has any authority to make or give any representations or warranty whatever in relation to this property on behalf of Wilkie May & Tuckwood, nor enter into any contract on behalf of the vendor. 4. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties which have been sold, let or withdrawn. Photographs taken and details prepared September 2024. MEASUREMENTS AND OTHER INFORMATION All measurements are approximate and have been taken by Nichecom. While we endeavour to make our sales particular accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information with you.

Code of Practice for Residential Estate Agents: Effective from 1 August 2011:

'8. Financial Evaluation 8a At the time that an offer has been made and is being considered by the seller, you must take reasonable steps to find out from the prospective buyer the source and availability of his funds for buying the property and pass this information to the seller. Such information will include whether the prospective buyer needs to sell a property, requires a mortgage, claims to be a cash buyer or any combination of these. Such relevant information that is available should be included in the Memorandum of Sale having regard to the provisions of the Data Protection Act.8b These reasonable steps must continue after acceptance of the offer until exchange of contracts (in Scotland, conclusion of missives) and must include regular monitoring of the prospective buyer's progress in achieving the funds required, and reporting such progress to the seller.

The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for their purpose. A Buyer is advised to obtain verification from their solicitor or surveyor. References to the Tenure of the Property are based on information supplied by the Seller. The agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

Agent Details

Wilkie May & Tuckwood, Taunton

01823 212604

Next Steps?

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