2 Bed Detached House, Refurb/BRRR, Taunton, TA3 6DW, £275,000

Wrantage, Taunton, TA3 6DW - 1 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+8 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£27,698

Bridging Loan Interest

£7,219

Total Cash In

£116,117

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£281,125

Mortgage (After Refinance)

£210,844

Mortgage LTV

75%

Cash Released

£4,594

Cash Left In

£111,523

Equity

£70,281

Rent Range

£725 - £1,800

Rent Estimate

£1,206

Running Costs/mo

£1,140

Cashflow/mo

£66

Cashflow/yr

£792

ROI

1%

Gross Yield

5%













Local Rents

6 rents from £725/mo to £1.8K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,45007/231.13 mi-2
£72509/241.26 miGreenway, North Curry, Taunton, Somerset, TA31
£1,10003/251.71 mi-3
£85009/231.78 mi-2
£95012/241.78 mi-2
£1,80009/242.16 miBeauchamp Gardens, Hatch Beauchamp, Taunton, Somerset2

Local Area Statistics

Population in TA3

14,212

Population in Taunton

85,088

Town centre distance

6.19 miles away

Nearest school

0.80 miles away

Nearest train station

6.55 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £275,000

October 12, 2024

Floor Plans

Description

  • Quiet rural location +
  • Spacious cottage +
  • Far reaching views +
  • Double bedrooms +
  • Double garage +
  • Requires updating +

A spacious, rural cottage in need of modernisation with far reaching views. No onward chain.

A rarely available spacious two bedroom detached cottage in need of renovation, set within this quiet rural position but with easy access of facilities. Offered for sale with no onward chain.

The property is situated in the village of Wrantage adjoining the A378 Taunton to Langport Road and some 5 miles from the County Town of Taunton where a wide range of shopping, recreational and scholastic facilities can be found. Wranage currently has a thriving village pub and North Curry lies about 2 miles distance where there is a primary school, healthcare centre, café, and hairdressers. The property is situated within easy reach of the M5 and A303 being about 3 miles distance.

The property is accessed off the lane to the property and the rear garden runs to the side with a patio area. Steps down lead to the lawned area, enclosed with mature hedges.

Agent Details

Greenslade Taylor Hunt, Taunton

01823 211774

Next Steps?

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